Studies have shown that the more you plug into the Internet, the more time and attention youre likely to devote to your investments. This is both good and bad, according to Houston financial advisors Richard J. Alphonso, JD, CPA, M.S.T., and Erin E. Makielski.
Its good to follow your investments, of course, but experiments by behavioral psychologists have repeatedly found that the more you check your investments, the more likely you are to make financial decisions based on your emotions, rather than on your long-term goals. Make sure all of your transactions online and otherwise are compatible with your financial goals.