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Investment Stories Are Like Social Media…Breeding Grounds for FOMO
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Jeff Harrell | Are You FI द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Jeff Harrell | Are You FI या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।
Every investor at some point will experience FOMO (fear of missing out). Friends, family, and “experts” influence our investment decisions due to this feeling of FOMO which is rooted in our feelings of fear or greed. Arm yourself with stories of failure and actual data points to help keep you from succumbing to this common investor trap.
Jeff Harrell recalls one of his favorite investor FOMO examples that many listeners might remember, the GameStop saga of 2020, and reminds us how so many investors got caught up in the hype…to their financial detriment.
Jeff also cites statistics from a financial economics report that compared the investment performance of stocks to one-month Treasury bills. The findings are astonishing!
This episode will leave you wanting to ask yourself, honestly, “How confident am I that I can select one of the really big winners in the stock market?”
(Season 1 Episode 12)
Resource Mentioned in Episode:
- Journal of Financial Economics paper, “Do Stocks Outperform Treasury Bills?”
Podcast produced by Ted Cragg of QuickEditPodcasts.com
Music Credit: Dream Cave / Adventure Awaits / courtesy of www.epidemicsound.com
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