Key insights
- The post discusses the importance of regular portfolio reviews to avoid bias and ensure investment theses remain valid. While the post itself doesn't directly influence the US market, the discussion around disciplined investment processes and KPI monitoring can indirectly contribute to more rational investment decisions among individual investors.
I've been trying to build a quarterly review habit for my stock portfolio — sitting down every 3 months during earnings season, going through each holding with the same set of questions I asked when I bought, regardless of what the price has done.
The motivation was noticing that I only ever paid attention to a stock when something went wrong, or there was negative news around my stocks. Which meant every review happened under stress and bias to justify the HOLD. In hindsight, I realized I do this with cluttered and defensive thinking, not objective at all.
Currently, I've been doing a basic template: thesis still valid? KPIs moving in the right direction? Anything new I need to factor in? Position verdict with a specific reason.
It's helped in a sense that I am more confident about executing my decisions like trim, hold etc. — but I'm doing this manually and inconsistently, and I'm not sure I'm asking the right questions.
Does anyone have a ritual like this? What are the non-negotiable questions in your review? And do you find a fixed schedule actually works, or does life get in the way? What do you use to perform the review ritual - docs, notes, any apps or tools?