Never forget that what you have invested is YOUR asset. That should make it important to you, important enough to pay attention. It means that you have to balance your actions to best suit your plans and goals.
Let me give you an example:
I am currently playing at the speculative end of the market, because that suits my plan. The company I have shares in (Warrego Energy) is currently facing being taken over by another company. Actually, there are at least 2 companies that want WGO, so I am currently in a good position - one where my plan gets (temporarily) put aside to see if I can realise a better return over the next couple of weeks.
One company has produced a 66-page document and sent it to all shareholders in Warrego. I hear that a number of shareholders dislike this company and so have thrown the document in the bin, unread. Others cannot be bothered reading the document.
Let's go back to my first point: It's your money, so be interested. Pay attention otherwise you may find that your money does not perform as well as it might have, or that you go backwards when you should have gone forwards.
Yes, keep an eye on the share price. Yes, keep an eye on the online fora (that's the plural of forum) to see what other shareholders are saying and planning (although remember that the forum is social media and full of BS.... plus, people change their minds without telling you. So know what's going on but remember that it's your plan and your money). Yes, know what your company is announcing (you are an owner in that company, after all).
Then balance your thoughts. And then make your decision. And if that decision is to hold, then your asset remains your asset. If your decision is to sell, then your asset becomes your money.
It doesn't matter whether is it a speculative stock or a blue-chip one, pay attention and look after your investment. A little bit of time could make a big difference.
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