Nearly a month ago I made an RRSP contribution and used the money to buy an index ETF. I then watched how it performed 10 minutes later, an hour later, a day later, etc. Even now I find myself more interested in how this ETF is performing than the rest of my portfolio. This happens every time I make a new investment or add to an existing one.
Of course, this is all irrational, but I just couldn’t help being pleased that the ETF stayed above my purchase price during the first day. It shouldn’t make a difference to me whether I make $100 on this investment or some other one, but it does. I do my best to keep irrational emotions like this from affecting my decisions, but that doesn’t stop me from having the emotions.
I assume I’m not alone in this need for new investments to perform well. Do other investors find themselves caring more about recent purchases than the rest of their portfolios?