Episode 26: Ditch the FOMO
FOMO - "anxiety that an exciting or interesting event may currently be happening, often aroused by (social) media"
Last year was a rollercoaster of emotions and a very volatile time. Panic was common. For many, the repair of their businesses or their lives is still a work in progress.
But in 2021, something else is happening. There have been spikes in first time new share broking accounts being opened. A spike in speculative investing is taking place, seeing prices rise sharply and plummet sharply.
Property prices are predicted to rise and some are feeling like that need to buy something quickly, before the market runs too far.
After some conversations with panicked clients, I decided to share some tips for dealing with FOMO and staying true to your plans.
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