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Cora and
I promised we'd help you streamline your schedule for the
upcoming school year. This organization focuses on watching
our portfolios with one eye while we keep the other eye on
stray shoes, pencils, and schoolbooks. While this practice
might make us a bit wall-eyed, at least we won't lose our
cool in the process.
First
we'll tackle the kids. I've learned from my organizational
mismanagement that the following list helps me walk out of
the house with panache every morning:
- Make
sure all clothes, shoes, stockings, socks, etc. are picked
out and ready to wear the previous evening. Don't wait until
morning to find a blouse that needs ironing or a pair of
trousers that need washing.
- Make
sure all homework is done. This doesn't mean that you do
the homework for your kids. This means they've done the
homework, it's really done, and they really understand what
they just did.
- Put
the homework in a backpack or book bag along with all other
necessaries for the next day and stash it all on a high
shelf or on top of the fridge, away from dogs, cats, and
kids under age five. This way, nothing will be amiss in
the morning.
- Plan
meals for the next day and make sure all ingredients are
available. I like to plan two to three days ahead so I don't
have to visit the store more than once for missing items.
If you can plan a week ahead, you're a much more organized
person than I. More power to you! This organization might
include a school menu survey. If you need to pack lunches,
the night before is a great time to handle this chore. Keep
the food in the fridge and label the bags or containers
so there's no mix-up in the morning.
- Maintaining
a calendar on the computer is great, but - trust me - there
will come a time when your computer refuses to give it up.
Keep a large calendar with equally large squares for the
days of the month in a conspicuous place. At the beginning
of the week, go over the upcoming week with your kids and
make sure no appointments are forgotten. Each night at dinner,
ask if anything came up during the day that needs a spot
on this calendar.
You may
even have some tricks of your own to add to this list, especially
if you have more than one child. But what happens when you
add a portfolio or two to this mix? How do you keep organized
with school, work, and portfolio management? Here are a few
tips to help maintain your cool amidst all the end-of-summer
changes:
- Remember
that we are long-term buy-and-holders. This label means
that we don't have to watch the news every day or refresh
that online stock chart every minute. Relax. Take care of
the kids and your work, and get to the stock "stuff" when
everything else is done.
- Make
sure you bring the kids (at least the ones who are interested)
into your stock-market routine. This helps, because if they
are truly into their portfolios, they will make sure all
their chores and homework are done on time so they can participate
with the online chart check and news updates.
- Keep
a journal about your portfolios. You can do this on your
own or make it a group project. Keep track of when you bought
the stock, your reactions to analyst ratings, and other
news that jerks you around. If the news is good, do you
want to buy more? If the news is bad, does this make you
want to sell? Instead of taking immediate action, write
about your reactions and try to hold on to your equities
and your budget. A loss of a profit or financial buffer
will only add to your stress. If you keep a journal you
will also be able to return to previous entries. This access
to past "feelings" and records is great for those of us
who tend to forget our names, let alone our equities.
- Keep
track of major events on that large calendar. Quarterly
reports, etc. will all come as less of a surprise when you
know what's going on "out there" on Wall St.
- K.I.S.S.
- or Keep It Simple, Sweetheart. Complications raise stress
levels. Keep the portfolio simple, especially if it's your
first. Three stocks in three different sectors is more than
enough for a beginning. If you want to "watch" more stocks
for the future, use BUYandHOLD's watch list feature (see
Keep
In Touch with the Stock Tracker from September 2003).
If you have more than one child, this feature can keep them
busy while you manage the real McCoy.
In the
meantime, keep
all those goals that you and your children developed
at the beginning of summer in a prominent place. These goals,
hopefully, will help you focus on what you really want in
spite of clashes in schedules and responsibilities. When we
focus on our goals instead of daily news and chart fluctuations,
we can relax. After all, we created our portfolios so we can
reach those goals, not because we intended to obsess with
financial trivialities. Right?
Right.
Until
Next Week,
Linda Goin
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