Becker Private Equity & Business Podcast
Should You Check Your Weight or Portfolio Every Day? 3-3-25
Mon, 03 Mar 2025
In this episode, Scott Becker explores the parallels between tracking weight and monitoring investment portfolios.
Chapter 1: What is the main question of the episode?
This is Scott Becker with the Becker Private Equity and Business Podcast. Today's discussion is the age-old question. Should you check your weight in your portfolio every day? So here's the issue on this, and everybody's got a million different opinions.
Chapter 2: Should you check your weight daily?
If you're a wealth manager, you tell people not to check their portfolios all the time, because at the end of the day, you don't want your clients bothering you. But the reality is as follows. In terms of checking the weight every day, I find what I'm in the right... When I'm in the right mindset and disciplined about my weight, I check it all the time.
Chapter 3: How does checking weight influence discipline?
And checking it keeps me disciplined, keeps me thinking about what can I do? Do I have to be really careful today to keep my weight at its target level or not and so forth? So in the right situations, looking at the stat day-to-day causes the right behavior. So I think overall you should do it.
Chapter 4: Is it beneficial to monitor your portfolio frequently?
Just like a sales team should probably look at their sales numbers every single day to know where they're tracking and know where they're at. The portfolio is a different issue. Now, I'm one of these people that incessantly checks the portfolio. I don't check it when it's way down, just like when my weight is way up, I can't get on the scale. Those are two of my challenges in life.
But in terms of the portfolio, yes, you could check it. But the most important thing is you've developed a backbone, a clarity of plan as to what you're doing on your portfolio allocation. So when you check it, you don't take action. But you ought to check it. You ought to learn it. You ought to study it. That's sort of where I come from.
I do check it all the time for better or for worse, probably for worse. But I don't always act on it. I know enough to know what my allocation is and stick to it. So you could check it as long as you're able to do that. I take it the same thing is probably true of weight loss and controlling your weight.
Checking or not checking, if you have a core plan for how you do things, maybe you shouldn't go get so up or down by the weight. I just know that when I am checking it regularly, I'm generally healthier because I'm probably more willing to check it when I'm doing okay. In any event, that's today's podcast. Hope it resonates with some people.
Should you check your weight or your portfolio every day? You know, the answer is maybe. Thank you so much for listening to the Becker Private Equity Business Podcast.
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