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.
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Steve began Forager Funds in 2009, and now manages approximately $470m across two funds. Offering a listed Australian Shares Fund (FOR) and an unlisted International Shares Fund, Steve focuses on long-term investing in undervalued companies.