how often do you check your net worth?

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
User avatar
Sandtrap
Posts: 11892
Joined: Sat Nov 26, 2016 6:32 pm
Location: Hawaii No Ka Oi , N. Arizona

Re: how often do you check your net worth?

Post by Sandtrap »

etfking wrote: Thu Aug 20, 2020 1:03 pm New to posting on the forum and a recent follower of the Bogleheads philosophy. After years of trying to actively manage and beat the market, I've succumbed to simplifying my portfolio after realizing that I wasn't generating much (if any) alpha.

As my wife and I approach the 2 comma club I wanted to ask how often people check their portfolio / net worth? Hourly, daily, weekly, monthly? I only ask because I think the obsession of reaching the $1mm mark (not that it means much given it's an arbitrary number and not our end goal) provides a sense of satisfaction but I've recently deemed it to be unhealthy and feel I need to lose the attachment given it has no bearing on my end strategy. Hope to hear others' opinions!
For me, never.
Not needed.
j😀
Wiki Bogleheads Wiki: Everything You Need to Know
Frugalbear
Posts: 252
Joined: Sun Jun 02, 2019 7:35 am

Re: how often do you check your net worth?

Post by Frugalbear »

never, just keep stacking!
Frugalbear
Posts: 252
Joined: Sun Jun 02, 2019 7:35 am

Re: how often do you check your net worth?

Post by Frugalbear »

Sandtrap wrote: Thu Aug 20, 2020 4:39 pm
etfking wrote: Thu Aug 20, 2020 1:03 pm New to posting on the forum and a recent follower of the Bogleheads philosophy. After years of trying to actively manage and beat the market, I've succumbed to simplifying my portfolio after realizing that I wasn't generating much (if any) alpha.

As my wife and I approach the 2 comma club I wanted to ask how often people check their portfolio / net worth? Hourly, daily, weekly, monthly? I only ask because I think the obsession of reaching the $1mm mark (not that it means much given it's an arbitrary number and not our end goal) provides a sense of satisfaction but I've recently deemed it to be unhealthy and feel I need to lose the attachment given it has no bearing on my end strategy. Hope to hear others' opinions!
For me, never.
Not needed.
j😀
+1...this guy is rocks! When you got it, you got it!
User avatar
MNGopher
Posts: 522
Joined: Tue Jun 16, 2015 1:44 pm
Location: Minnesota

Re: how often do you check your net worth?

Post by MNGopher »

Once a month, manually, on the same date (usually). I've been doing this religiously for about 12 years in a notebook. For me it's interesting to compare months, quarters, and years to see which were the best and worst. I can also see how my average monthly increase has changed over the years. As I add up the numbers I make a game out of it to see if I did better or worse than my monthly average. This motivates me to stay the course and keep investing.
Candor
Posts: 332
Joined: Sat May 28, 2011 4:25 pm

Re: how often do you check your net worth?

Post by Candor »

I officially calculate it every Jan 1 but I keep an informal running tally in my head throughout the year just because I always know my financial assets and have a rough idea of other assets. I will monitor it more closely if I am nearing a nice round number.
RadAudit
Posts: 3943
Joined: Mon May 26, 2008 10:20 am
Location: Second star on the right and straight on 'til morning

Re: how often do you check your net worth?

Post by RadAudit »

Hardly ever. I do check about 90% of my net worth every weekday when I look up my account balances after 6:00 pm.
FI is the best revenge. LBYM. Invest the rest. Stay the course. - PS: The cavalry isn't coming, kids. You are on your own.
User avatar
GerryL
Posts: 2913
Joined: Fri Sep 20, 2013 11:40 pm

Re: how often do you check your net worth?

Post by GerryL »

Normchad wrote: Thu Aug 20, 2020 4:33 pm I see it every time I start up Quicken. I do like seeing it.

Once a year, I print out a screen shot of it and put it in the filing cabinet. If I croak unexpectedly, hopefully somebody will see it and think “oh, there’s another $50k over there in some account I didn’t know we had”.
Same here. I open Quicken these days about 2x month, but when I was working it was more like weekly.
klondike
Posts: 69
Joined: Thu Jan 10, 2019 6:58 pm

Re: how often do you check your net worth?

Post by klondike »

When my 25x target was in sight, I checked weekly sometimes daily as I was very stressed out by my job.
Once I reached, I check in a very good day or a very bad one like Mid March this year. When it approaches next whole $M, I checked couple times a week so I can smoke a celebratory cigar.
User avatar
TechGuy365
Posts: 202
Joined: Mon Dec 30, 2019 10:57 pm

Re: how often do you check your net worth?

Post by TechGuy365 »

Once a week, unless I think there is an ATH during the week then I check it. So today would be a good day to do so.
RobLIC
Posts: 106
Joined: Fri Aug 22, 2014 10:02 am

Re: how often do you check your net worth?

Post by RobLIC »

I relate to what tryingtogetahead said. If there was a pill I could take to keep from looking at balances, I would. It serves no positive purpose in my life and distracts me from feeling present. And for some reason I have five different devices to do it on. :oops: :happy
User avatar
geerhardusvos
Posts: 1292
Joined: Wed Oct 23, 2019 10:20 pm
Location: heavenlies

Re: how often do you check your net worth?

Post by geerhardusvos »

etfking wrote: Thu Aug 20, 2020 1:03 pm New to posting on the forum and a recent follower of the Bogleheads philosophy. After years of trying to actively manage and beat the market, I've succumbed to simplifying my portfolio after realizing that I wasn't generating much (if any) alpha.

As my wife and I approach the 2 comma club I wanted to ask how often people check their portfolio / net worth? Hourly, daily, weekly, monthly? I only ask because I think the obsession of reaching the $1mm mark (not that it means much given it's an arbitrary number and not our end goal) provides a sense of satisfaction but I've recently deemed it to be unhealthy and feel I need to lose the attachment given it has no bearing on my end strategy. Hope to hear others' opinions!
I have a tool/system to make it easy to check essentially anytime. I check it more than weekly.
VTSAX and chill
User avatar
BolderBoy
Posts: 5067
Joined: Wed Apr 07, 2010 12:16 pm
Location: Colorado

Re: how often do you check your net worth?

Post by BolderBoy »

I update my GNUcash accounts once a week and at month end. NW display is part of that.
"Never underestimate one's capacity to overestimate one's abilities" - The Dunning-Kruger Effect
MathWizard
Posts: 4406
Joined: Tue Jul 26, 2011 1:35 pm

Re: how often do you check your net worth?

Post by MathWizard »

I check investments weekly.

I check the value of my house once a year when assessments come out. My house is about 10% of my NW.
Chuck107
Posts: 507
Joined: Tue Sep 04, 2012 11:47 pm

Re: how often do you check your net worth?

Post by Chuck107 »

.....
Last edited by Chuck107 on Mon Oct 05, 2020 8:07 am, edited 1 time in total.
Alas, I find moderation of this forum too restrictive for my tastes, farewell.
investingdad
Posts: 1798
Joined: Fri Mar 15, 2013 10:41 pm

Re: how often do you check your net worth?

Post by investingdad »

regularguy455 wrote: Thu Aug 20, 2020 1:56 pm
bogleblitz wrote: Thu Aug 20, 2020 1:49 pm On good days like stock market at an all time high this week, I check daily. It's a quick login to an app like Mint / Personal Capital.

On bad days like Feb / March 2020. I check once a month.
Hilarious. I do the same thing.
Ditto. Same.
Lalamimi
Posts: 626
Joined: Mon Jun 24, 2019 4:22 pm
Location: Texas

Re: how often do you check your net worth?

Post by Lalamimi »

twice a day. Took over from Eddie Jones first of the year, so I am so happy to be in charge! Plus, DH bought 50 shares of Tesla so its fun to watch and learn.
User avatar
LilyFleur
Posts: 1577
Joined: Fri Mar 02, 2018 10:36 pm

Re: how often do you check your net worth?

Post by LilyFleur »

Sheepdog wrote: Thu Aug 20, 2020 2:36 pm My Microsoft Money 2002 works great for all financial records. I keep it up almost daily with all fund prices, expenditures and receipts. So, my net worth is available on a moments notice just by a click of the mouse. But, when do I look at it? Whenever I feel like it or when my spouse says "How are we doing." I bark back the answer, but with a whimper when it is down.
Woof Woof
Hahaha, I whimpered a little bit in March, too!
JD2775
Posts: 664
Joined: Thu Jul 09, 2015 10:47 pm

Re: how often do you check your net worth?

Post by JD2775 »

I have a Google Sheets document that I had updated every month for the past 5 years, with balances in all my accounts and % change from the previous month. Pretty basic.

When March hit I lost interest in updating it and haven't touched it since. I kinda wish I kept with it, but now for some reason I don't really care anymore. I do check accounts individually time to time, but not the monthly review/tally anymore. Maybe Ill pick it up again next year.
matti
Posts: 156
Joined: Thu Mar 07, 2013 9:17 pm

Re: how often do you check your net worth?

Post by matti »

I check my retirement balances every few months. I have never calculated my "true" net worth, which would include the impact of our mortgages, but I suspect I could guess what it is within +/- 15% or so.
prairieman
Posts: 365
Joined: Thu Mar 01, 2018 3:17 pm

Re: how often do you check your net worth?

Post by prairieman »

regularguy455 wrote: Thu Aug 20, 2020 1:56 pm
bogleblitz wrote: Thu Aug 20, 2020 1:49 pm On good days like stock market at an all time high this week, I check daily. It's a quick login to an app like Mint / Personal Capital.

On bad days like Feb / March 2020. I check once a month.
Hilarious. I do the same thing.
This is also what I do. I know better but cannot help myself. I do wait until the morning after a big day to check.
“As long as the roots are not severed, all is well.” Chauncey Gardner
User avatar
Sandtrap
Posts: 11892
Joined: Sat Nov 26, 2016 6:32 pm
Location: Hawaii No Ka Oi , N. Arizona

Re: how often do you check your net worth?

Post by Sandtrap »

Frugalbear wrote: Thu Aug 20, 2020 4:55 pm
Sandtrap wrote: Thu Aug 20, 2020 4:39 pm
etfking wrote: Thu Aug 20, 2020 1:03 pm New to posting on the forum and a recent follower of the Bogleheads philosophy. After years of trying to actively manage and beat the market, I've succumbed to simplifying my portfolio after realizing that I wasn't generating much (if any) alpha.

As my wife and I approach the 2 comma club I wanted to ask how often people check their portfolio / net worth? Hourly, daily, weekly, monthly? I only ask because I think the obsession of reaching the $1mm mark (not that it means much given it's an arbitrary number and not our end goal) provides a sense of satisfaction but I've recently deemed it to be unhealthy and feel I need to lose the attachment given it has no bearing on my end strategy. Hope to hear others' opinions!
For me, never.
Not needed.
j😀
+1...this guy is rocks! When you got it, you got it!
As we are retired and somewhat secure per "boglehead numbers", there's not need to over worry.. . . I hope.

j
Wiki Bogleheads Wiki: Everything You Need to Know
mx711yam
Posts: 218
Joined: Thu Apr 11, 2013 9:51 am

Re: how often do you check your net worth?

Post by mx711yam »

I check all of my accounts daily via mint, record accounts on the 1st of every month.
theplayer11
Posts: 1329
Joined: Tue Jul 22, 2014 8:55 pm

Re: how often do you check your net worth?

Post by theplayer11 »

daily..I'm on the computer a lot, so why wouldn't I? I don't find it unhealthy, I like to be on top of everything.
bloom2708
Posts: 8263
Joined: Wed Apr 02, 2014 2:08 pm
Location: Fargo, ND

Re: how often do you check your net worth?

Post by bloom2708 »

Every time I log I into Personal Capital. About once a week.
"We are here to provoke thoughtfulness, not agree with you." Unknown Boglehead
galectin
Posts: 270
Joined: Thu Jan 27, 2011 1:57 pm

Re: how often do you check your net worth?

Post by galectin »

Every three months I write down a complete summary of our investments for the DW. In between I informally look at how our accounts are doing (IRAs and Roths for both of us to make sure they are intact)--about once a week.
sailaway
Posts: 2367
Joined: Fri May 12, 2017 1:11 pm

Re: how often do you check your net worth?

Post by sailaway »

We check account balance totals twice a year for the purpose of rebalancing.

Literal net worth? Never. It just didn't occur to us when we started tracking and now that physical assets are an ever shrinking percentage of the total, it just isn't important. We might think differently if we owned real estate.
UpperNwGuy
Posts: 4344
Joined: Sun Oct 08, 2017 7:16 pm

Re: how often do you check your net worth?

Post by UpperNwGuy »

I don't keep track of my net worth. The information would be of no use to me. I do, however, track the market values of the funds in my investment portfolio.
TimeTheMarket
Posts: 170
Joined: Fri Jan 25, 2019 8:49 am

Re: how often do you check your net worth?

Post by TimeTheMarket »

More often than I should but technically in my Excel file I do it each april after wife's bonus comes in. I was doing march but it came in late this year and that didn't sit well with me. So april it is.
Username is not serious :)
SimplicityNow
Posts: 540
Joined: Fri Aug 05, 2016 10:31 am

Re: how often do you check your net worth?

Post by SimplicityNow »

Once a month for record keeping and to make sure there are no shenanigans going on with our accounts.

I have enough of a handle on it that I can do a quick mental calculation (like Nisiprius) at the end of the day and come pretty close.
hmw
Posts: 845
Joined: Sun Mar 02, 2014 11:44 am

Re: how often do you check your net worth?

Post by hmw »

Daily, because it is too easy to check.

I have made a google sheet where all my positions were included. I just have to open my google sheet app on my phone or on desktop.
slyfox1357
Posts: 64
Joined: Tue Dec 26, 2017 6:13 pm

Re: how often do you check your net worth?

Post by slyfox1357 »

Every other Friday, roughly 2x a month works for us. Not too frequently, not too infrequently.
User avatar
wander
Posts: 3366
Joined: Sat Oct 04, 2008 9:10 am

Re: how often do you check your net worth?

Post by wander »

Daily! But I don't have to login any account. It's on a spreadsheet.
Blake7
Posts: 285
Joined: Fri Mar 30, 2018 2:52 pm
Location: USA

Re: how often do you check your net worth?

Post by Blake7 »

Monthly, now I’ve built out my spreadsheet to track it (along with monthly expenses, tax brackets, etc.). To me NW just a measure of accomplishment, not something to use (generally) for making financial decisions.
oldmotos
Posts: 96
Joined: Fri Aug 04, 2017 9:37 pm

Re: how often do you check your net worth?

Post by oldmotos »

At the end of the year.
penumbra
Posts: 311
Joined: Thu Mar 29, 2007 2:42 am

Re: how often do you check your net worth?

Post by penumbra »

Good question. I used to devise complex spreadsheets so things would update at the touch of a button each time I opened them. I was proud of having learned excel well enough to do that, but them I would invest in something else that required a redesign. What a glorious waste of time! Now I have everything entered into Fidelity (except my house), and I see the totals every Time I log in. I don’t obsess over it (too much), but it’s fun to see, especially lately. Was not much fun in March, I must admit, when I’d lose several years’ salary per day. But that’s the nature of investing. I can almost say that and convince myself I believe it!🤔
User avatar
AerialWombat
Posts: 1859
Joined: Tue May 29, 2018 1:07 pm
Location: Cash Canyon / Cashville

Re: how often do you check your net worth?

Post by AerialWombat »

Every 3-6 months. Mainly when I’m getting ready to buy another house or, right now, refi a few.
mancich
Posts: 892
Joined: Fri Sep 05, 2014 2:05 pm

Re: how often do you check your net worth?

Post by mancich »

Once per month in Excel. Takes about 10 minutes to update it. I like seeing the progress over time.
grettman
Posts: 640
Joined: Mon Sep 29, 2014 1:47 pm

Re: how often do you check your net worth?

Post by grettman »

mancich wrote: Fri Aug 21, 2020 4:19 am Once per month in Excel. Takes about 10 minutes to update it. I like seeing the progress over time.
Ditto.
student
Posts: 5215
Joined: Fri Apr 03, 2015 6:58 am

Re: how often do you check your net worth?

Post by student »

About once a week via personal capital.
User avatar
TomatoTomahto
Posts: 11334
Joined: Mon Apr 11, 2011 1:48 pm

Re: how often do you check your net worth?

Post by TomatoTomahto »

moghopper wrote: Thu Aug 20, 2020 3:22 pm I'm a Quicken holdout, so I probably see it every day, even if I'm not specifically checking for it. At this point, I'm sort of numb to it... it is just numbers.
Me too. I do pay attention to the difference between today and the same date last year.

I also look at NW when I try to interest my DW in how we are doing. She “smiles and nods.”
I get the FI part but not the RE part of FIRE.
User avatar
4nursebee
Posts: 1595
Joined: Sun Apr 01, 2012 7:56 am
Location: US

Re: how often do you check your net worth?

Post by 4nursebee »

We keep track of all expenses and add them up each month. This was done as an exercise pre retirement to know exact costs. After a few years started adding up investment and debts. So for a few years we do it monthly. On good days I’ve mentally done math for what investments are on a regular basis. For COVID scare i decided to not add up investments as I did not want pain and emotions to guide decision making.

That which gets measured gets done.

I’d encourage people to know their expenses and to set long range goals, deciding what you want, and undertaking the steps needed to reach goals. NW calculations provide the feedback.
Pale Blue Dot
Stoic9
Posts: 130
Joined: Mon Dec 10, 2018 7:14 am

Re: how often do you check your net worth?

Post by Stoic9 »

I keep historical SS record on monthly, yearly, and track from date of retirement (1117 days ago). I like to create each year a chart that shows monthly since retirement all four financial areas of my retirement (passive income, portfolio [currently 84/16], real estate, and debt. Since retirement my NW is up 32.75%.
redmaw
Posts: 132
Joined: Mon Apr 22, 2019 7:20 am

Re: how often do you check your net worth?

Post by redmaw »

Once a month. At some point I realized I was accumulating too much in my checking/savings accounts and decided to DCA into a brokerage account. After about a year, I realized I had only made 3 or 4 small deposits, and I wasn't making a dent. I set up a reminder for the end of every month. Since I was going in and moving money around anyway, I just started recording the values...what accounts I check has expanded to essentially everything since then so I get NW number every month now...and make pretty graphs to show my progress.
User avatar
SmileyFace
Posts: 6055
Joined: Wed Feb 19, 2014 10:11 am

Re: how often do you check your net worth?

Post by SmileyFace »

Once a month I look at my retirement savings goals. Every few years, out of curiosity, I might check my networth.
scrabbler1
Posts: 2525
Joined: Fri Nov 20, 2009 2:39 pm

Re: how often do you check your net worth?

Post by scrabbler1 »

Once a month, mid-month, and December 31st. And once in a while when I am curious to see if I have reached some record high or big drop. I check the IRA portion a little more often because I rebalance there more often, too.
User avatar
backofbeyond
Posts: 350
Joined: Tue Apr 01, 2008 1:07 pm

Re: how often do you check your net worth?

Post by backofbeyond »

Until COVID-19 once a month. However, I used this "event' to revamp my portfolio. I had small value etfs that haven't made a dime and I've owned them since 2008. Now that I've hit "critical mass" a 1% change in the S&P equates to +3X my monthly net income. :shock: So yeah, I keep tabs on it several times a day. Saying that, I seldom trade now. I have automatic transactions going into my Roth TSP bi monthly and I have a play money allowance of $400 a week. I just enjoy keeping up with financial news, it's a hobby and a very profitable one at the moment. For instance, I have several small holdings like Tesla and MARA (cryptocurrency) that are up over 300% since March. Great watercooler chat holding, but then again, because of COVID, I'm teleworking most days....

For the record, the vast majority of my holding are in my TSP accounts that mimic index funds.
The question isn't at what age I want to retire, it is at what income. - George Foreman
Filetmerlot
Posts: 61
Joined: Mon Jul 09, 2018 3:15 pm

Re: how often do you check your net worth?

Post by Filetmerlot »

I tend to have my spreadsheet open while at work. It is hooked up to Factset live, so the 10% of my portfolio that trades during the day (the other 90% is just daily priced index mutual funds) I can see changes tick by tick changes in my spreadsheet totals. It's a little overkill, I know, but I'm probably watching it more closely now since we are just one good stock market day away from hitting two commas in investable assets. I'm hoping to make it before my next birthday which is a couple of weeks away.

The workbook has all my other financial data too (amort table for mortgage, SS estimates, budget, etc), so there are other reasons to look at it.
tibbitts
Posts: 12277
Joined: Tue Feb 27, 2007 6:50 pm

Re: how often do you check your net worth?

Post by tibbitts »

I check my investment balances almost daily when I have free internet access, so most days (haven't been on a cruise in a while.) I use the Vanguard aggregation and I'm mostly looking for an unanticipated change. I have transaction alerts set up on most/all of my accounts, but it's just another way to check that nothing has gone wrong. Two accounts don't work with Yodlee so I check those less often.
flyingaway
Posts: 3033
Joined: Fri Jan 17, 2014 10:19 am

Re: how often do you check your net worth?

Post by flyingaway »

Stinky wrote: Thu Aug 20, 2020 3:59 pm
flyingaway wrote: Thu Aug 20, 2020 3:37 pm Once each month, manually.
Once a month, but semi-manually (I use Excel).

But then again, I might check it daily if we have had several Really Good Days in a row.
I actually write each fund's value of each accounts on a paper and add them together using a calculator.
azianbob
Posts: 361
Joined: Tue Jan 15, 2019 6:53 pm

Re: how often do you check your net worth?

Post by azianbob »

Once a month when I do my budget. Since I don't own a home (nor would I count it against my NW, I would only count the mortgage as a liability) and all my accounts are aggregated online, it only takes 1 minute to take a look at my NW.
Post Reply