Tracked every dollar for 3 years and now I'm scared of my own portfolio — did Beancount make me a worse investor?

i’ve been logging every dollar in beancount for like 3 years now. used to be dead simple 100% equities, buy and hold, never looked.

then i set up fava with daily prices and now i catch every little dip. last quarter i trimmed a winner way too early just to lock green, then totally froze on rebalancing into a red month.

apparently there’s a name for it, myopic loss aversion, benartzi and thaler showed people who check more take less risk.

has tracking changed how you actually invest, for better or worse?

man I had the opposite happen, tracking actually calmed me down

before beancount I had no real records, just a brokerage login and a lot of anxiety. market dipped hard and I caved and sold because I had no plan and no clue what my actual basis even was. felt awful after, classic buy high sell low moment

after I had everything in beancount with history and cost basis right there, it got easier to sit still. lived through that brutal drawdown where my portfolio was off by 19% and I did not sell a share, just kept buying like normal. seeing the full picture made the dip feel normal instead of scary

you are already ahead by noticing the pattern :folded_hands: keep going you are doing better than you think

tracking actually calmed me down

Not in my practice. My most detailed trackers trade the most and lag the market 1-2% a year, exactly what Barber and Odean found. You’re the exception, Mike, not the rule.

Supporting Barber and Odean’s finding: https://www.ucdavis.edu/news/overconfidence-defrauds-investors-study-finds men trade 45% more than women and earn lower returns.

still on spreadsheets and kinda scared, will turning on daily prices in fava just stress me out like alert fatigue from monitoring everything? :worried:

yeah, I ran daily prices for about a month and hated it. Now I update prices monthly and glance at the dashboard Sundays. Your alert fatigue comparison is spot on.