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Prepping for Back-To-School
Linda Goin
  
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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:

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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:

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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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