One way I’ve learned to avoid paying too much attention to my investments is to avoid looking at short-term charts.
I use stockcharts.com, where the default is a one-year chart plotting daily changes. But I found that those charts are too “twitchy” for my long-term investing goals.
So I started using long-term charts plotting monthly data going back as far as their database allows. This effectively filters out the short-term volatility and helps eliminate my tendency to overreact.
Shorter-term charts, I’ve decided, are for day-traders and others who watch the markets obsessively and who don’t plan on holding an investment more than a few weeks, days or hours.
