The Star: The FOMO Factor in Investing

In this article, Kimberly discusses the risks of falling into the “fear of missing out” (FOMO) trap when it comes to investments. Stocks that you are not invested in that suddenly increase a lot may seem very tempting, however the possibility of making a bad investment call becomes very high. The intention to accumulate wealth is undoubtedly good, however it is important to research first and consider whether the particular investment will generate more returns from that point onwards or it has already been too heavily saturated – which would result in lower or possible negative outcomes. 

To avoid this, Kimberly advises to not focus on the amount you could be earning and instead bear in mind the amount you could have lost in making hasty investment decisions. Always verify the source of the stock market information you receive to determine its credibility before making any snap decisions as at the end of the day the money that you gain or lose is your own.

This article can be found online here.