Are you a Helicopter Investor?
Helicopter Investor is a term that refers to investors who easily panic with the investments they make.
According to rockstarfinance.com, helicopter investors always check how the markets every single day for an entire week.
This panic attitude makes them able to make wrong decisions and tend to harm themselves.
Check out some Helicopter Investor signs that you should know.
Always Checking Portfolio Every Day
Try to evaluate and find out how many times you check the investment portfolio. Even though monitoring the portfolio is important, you don’t need to check it too often. Ideally, you can just check the portfolio once a week or once a month.
If you check the portfolio more than that, you will be tempted to tamper with investments. That means you can sell or buy investment products based on emotion alone and potentially harm yourself.
Watching Too Much Financial News
Smart investors are those who want to follow the news and continue to be aware of the trends that occur in the market.
There is no need to spend hours watching financial news because this can make you overreact to the market.
Too Many Subscriptions to Financial Magazines or Newspapers
There are lots of extraordinary financial publications and can help investors make financial and investment decisions.
Simply subscribe to one or two useful publications and don’t need to subscribe too much.
Easy Panic When Investment Declines
Investment has risks, which means there is no guarantee that its value will continue to rise constantly from day to day.
Not to mention if you invest in the stock market whose value will definitely fluctuate in the short term.
If you see yourself easily emotional every time you see stock prices decline, then start getting out of the computer screen and calm down for a moment.
Remember that the nature of the stock is that way and you don’t have to worry too much about wild price movements. No need to overreact when you see stock prices decline.