“Screen watching” or looking at the value of your holdings often. Well … that’s the opposite of a long term perspective. And it leads to having your emotional buttons pushed so often you feel like you need to do something to reduce the pain (or if things are going up – it’s like getting a new shot of good feelings).
PS. I’m not a “fund manager,” I’m a Certified Financial Planner managing client expectations towards their goals with their money. This four part series talks about those expectations.