I have noticed something interesting about myself: I am more likely to go into Quicken and check the state of our finances on days on which the stock market does well. I am an up day addict. It's not that I make investment decisions or change our financial strategy based on the vagaries of the market, but I am just loathe to look at the paper losses that accumulate on days in which the market goes down.
During the height of the financial meltdown, I kept myself away from Quicken for days at a time. I would check stock quotes online semi-obsessively, but I would not go into Quicken to tally up the damages. Since the market started heading back north in March, I have been turning to Quicken more often, taking pleasure from the fact that the losses were diminishing at a breath-taking pace.
You could look at this in two ways, one good, the other not so flattering. You could say that I am reducing my level of anxiety by not checking the Quicken tally on down days, and thereby lessening the risk of impulsive action that would hurt us in the long term. You could also say that I am too squeamish to face reality. I suppose you would be right in both cases. Nevertheless, at the end of the day, what counts are the real steps that I take (or not take) in response to the data which Quicken so graciously gathers for me, and on that front I am proud to say that squeamish or not, I was able to stick to my plan so far.
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