Bloomberg reports that in response to a new decree by BofA’s recently promoted head of global equities distribution that salespeople must “attend at least 30 meetings a month with clients,” lest they be punished come payday, some frustrated worker-bees– who would just like to have one lunch or dinner or goddamn second alone and not in the company of a client who’d rather talk over the phone anyway, Jesus fuck— have resorted to broadening their definition of what counts as meal or meeting with a customer.*
The more frequently you monitor your portfolio, the more likely you are to observe a loss.
This is likely to cause short-sighted decisions and could hurt your investment performance.
If you are checking your portfolio more than once per quarter, you’re doing it too much.
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Dan Egan, Betterment Director of Behavioral Finance and Investing