This is a YouTube video titled "Don't Get FOMO w/ Your Investments" created in August 2024, containing a personal finance talk focused on investment strategies and avoiding the fear of missing out (FOMO) by sticking to a diversified, written investing plan. The speaker advises viewers not to chase returns or follow others blindly, emphasizing a disciplined, goal-oriented approach to investing.
You don't have to invest in everything to be successful. So avoid having fomo. This fear of missing out because you're not investing in something somebody else is investing in. When they talk to you about their investments, they're going to be telling you about the ones that have been doing well lately. So that's natural for you to feel FOMO when that happens. But it's far more important that you stick with your written investing plan, right? If you're diversified, something in your portfolio isn't going to be doing great and you're going to be like, why did I buy that? Why do I invest in this? But if you stick with it, two or three or five years later, it's going to be the best thing in your portfolio. And so that's the whole point of having a diversified portfolio. But don't go chasing your tail. Don't go chasing returns, don't go chasing what other people are doing. You don't have to invest in everything to be successful. This is a single player game. It is you against your goals. Never forget that.
