…and the drugs they want to eat, sherpas they’re paying to haul their stuff, and […]
[Stephen Foley via Felix Salmon]
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.
Click to read more.
Dan Egan, Betterment Director of Behavioral Finance and Investing
…or possibly even Wednesday, according to Reuters, which reports “The U.S. stock market is expected to be closed on Tuesday” and while “every effort is being made to reopen markets” the following day, a final decision will be made once there is a better idea of the havoc Sandra will wreak, both downtown and in areas market participants are located. In related news, think of the dogs of Goldman Sachs.
They were crestfallen, whimpering in disbelief. The city’s dogs walked right up to an east side entrance of Central Park, saw the fence and could not fathom why they – and their owners – were not allowed in. For a little wind? Light rain? They had seen worse. “I may have to carry him away,” said John Blondel, nodding to Rollo, a spry-looking white Labrador who was 10 and a half years old. Rollo decided to engage in a sit-down strike in front of the 79th Street entrance on Fifth Avenue.
Mr. Blondel, 56, who is in the investment management division for Goldman Sachs, had driven from his apartment in the West Village to give Rollo his daily constitution. Later, he would work from home. “This is going to be it for a while,” he said to his friend. Soon, Rollo was joined by several other dogs dragging their walkers to yet another blocked entrance. “They’re just amazed,” Mr. Blondel said. When a gust of wind blew an opening in the temporary fencing, Rollo was wise to the opportunity. Mr. Blondel had to pull him back and head to the car.
US Stock Markets Seen Closed Tuesday [Reuters]
Hurricane Sandy, Live Updates [NYT]
*Unless your job doesn’t involve trading, in which case we expect you to be up at 6 and carrying on with business as usual from you kitchen table.