For years I’ve been of the opinion that it’s a good idea not to check your investment accounts very often, as it leads many people to participate in one form or another of performance chasing.
I still, emphatically, think that changing your asset allocation on any regular basis is not a good idea. But I definitely see the value in checking your accounts on a regular basis as a fraud-prevention mechanism.
This week we have a story of a particularly devious method of fraud (which involves direct theft, straight out of the victim’s brokerage account).
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