When there is nothing to do, Do Nothing !
This is a simple statement with very complex repercussions, Human beings love activity and thrive on it whereas in financial world, the less that you do and more you think is better. We are always bombarded with buy / sell advise 24/7. Whereas time and again money has been made by buy and hold. Your portfolio may need rebalancing once in a year utmost and never on a daily basis. The media wants you to check your portfolio once in a few minutes, buy or sell once in a few hours and keep trading regularly. In reality you need to check your portfolio once in a month, rebalance once a year or whenever there is a huge up or down move. Invest regularly and reap the benefits.Its better to understand your financial goals and have a proper plan rather than to track markets actively. There is no need to do anything because others are doing it too. Just dont do it for the sake of doing, do it because its the best thing to do.
From my blog fundsindia.in/blog