Avoiding the noise is probably the hardest things to do as a long term investor. Most people hear the news or check stock prices and view it as a good or bad thing. I believe checking stock prices or hearing others opinions about the market as a whole is a very bad idea. Fidelity's best investors are dead, and your goal as a long term investor, is to act more like them (and not actually die). Most people, especially single men try to tinker with their portfolio too much to achieve higher returns. The best return on anything is return on non-investment which is basically avoiding consuming things you don't need.
Do not check stock prices, do not read macro opinions, and avoid financial news like the plague. They are all over the internet, including from people like Ron Paul. This is the best advice for all long term investors. Stock prices are uncontrollable, and viewing them every second of every business day does not make you any better.
Individuals that invest in dividend paying entities must focus on two things; the state of the dividend and earnings. These two metrics will show the investor that their company is doing well or poor. I get alerts sent to my email every time one of my companies releases earnings results. Focus on these items only and avoid daily price quotations to achieve better results for the long term.
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