FOMO (Fear Of Missing Out)
is the fear of missing out on opportunities or chances, especially in the context of investment, trading, or finance. FOMO can cause:
Negative Impacts
1. Impulsive and unstructured decisions.
2. Investment without adequate analysis.
3. Buying stocks or assets without considering the risks.
4. Financial loss.
5. Stress and anxiety.
Signs of FOMO
1. Feeling afraid of missing out on opportunities.
2. Wanting to buy stocks or assets immediately.
3. Not considering the risks.
4. Following trends without analysis.
5. Feeling uncomfortable if you don't follow.
How to Overcome FOMO
1. Set investment goals and strategies.
2. Conduct technical and fundamental analysis.
3. Determine loss and profit limits.
4. Don't be influenced by other people's opinions.
5. Focus on the long term.
6. Take breaks and evaluate regularly.
7. Educate yourself about investing.
Healthy Investment Strategy
1. Diversify your portfolio.
2. Long-term investment.
3. Using dollar-cost averaging strategy.
4. Monitoring and adjusting portfolio.
5. Consulting with financial experts.
Sources:
1. Investopedia
2. Forbes
3. CNBC Indonesia
4. The book "The Intelligent Investor" by Benjamin Graham
Don't let FOMO rule your investment decisions!