Dealing with Investment FOMO
Fear Of Missing Out (FOMO).
I expect you have all heard this acronym by now. It is certainly alive and kicking in the investment world. Many stocks have skyrocketed in recent months. So how should you cope with the fear of missing out – the FOMO – associated with not owning every single one of them?
Envy is one thing. But making big mistakes because of envy is the real trap here. Rather than dwell on all the alternative paths that you didn’t take, focus on what you have done. Is it working well enough? If so, keep doing it, while always trying to hone and improve. Leave the FOMO to the Robinhood crowd.
Not already a Livewire member?
Sign up today to get free access to investment ideas and strategies from Australia’s leading investors.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Steve began Forager Funds in 2009, and now manages approximately $400m across two funds. The Forager Australian Shares Fund and Forager International Shares Fund are both unlisted and are available to investors with daily applications and redemptions. Steve focuses on long-term investing in undervalued and sometimes unloved companies.
5 topics
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
The 7 zombie companies lurking on the ASX 300
Livewire Markets
Education
Warren Buffett’s 25 biggest mistakes – and 4 lessons they teach
Leithner & Company Ltd