Why No good can come from FOMO As An Investment Strategy

What is Fear of Mission Out or “FOMO” ? Simply it’s a term used to describe the anxiety ( fear / greed as we described ) we experience when we see that other people are making money and we feel left out .

Social Media

Over the years Social media has become a major catalyst for FOMO. This is with everything in life but When you see updates on Facebook , Twitter Instagram etc it becomes more real and highlighting the incredible returns / profit that is being made by friends . Even if we want to feel happy that they enjoying great success however the other sids of our brain also asks us the “I” feeling knowing that we are not having that profit .

With this kind of situation people are easily diverted into situations where they follow do what so called experts say and loose out .

I use two principles personally and with my clients:

Principle 1 :You work hard for your money, you don’t want to put it in crazy situation. I always say you should do your research, talk to a financial expert and fully understand what you are investing your money in. If you “invest” your money into something you don’t understand it’s be. A big problem and our emotion greed and fear will create havoc with us .

Principle 2 : making money boils down to this in cryptocurrency is determined by the price you buy and the price you sell . What’s your exit strategy for that investment .

So please do your research and/or talk to a financial professional before start investing any questions please send them over

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