As a DIY investor in my mid-40s, managing my money is not only my passion but also the main thing I actually do. At the end of each month, I check and log what dividends I received.
I find managing a portfolio is a little bit like managing a garden’. There are some recurring tasks you have to do each month to keep your garden, aka your portfolio, in good shape!
Some plants grew a lot and need to be trimmed back. Some weeds need to be removed, or maybe even replaced with something better. And this idea also applies to investing. We need to remove underperforming stocks with stronger ones.
And this is best done once a month, with a bit of a distanced point of view.
Managing a seven-digit portfolio is not much different than managing smaller accounts.
All I want is to ensure my money is working very hard for me.. day and night.. 24/7.. through the weeks and on every single public holiday.
Besides income from dividends, I also have other income streams. See further down below.