Dealing With Investment FOMO
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- เผยแพร่เมื่อ 7 ม.ค. 2021
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Investment FOMO is a pretty painful emotion; today we discuss why we feel it and how to better handle it.
Intro Music: www.bensound.com/royalty-free...
This video is sponsored by Blinkist
DISCLAIMER:
This channel is for education purposes only and is not affiliated with any financial institution, although Richard does work as an employee for an investment manager. Richard Coffin is not registered to provide investment advice and as such does not provide recommendations on The Plain Bagel - those looking for investment advice should seek out a registered professional. Richard is not responsible for investment actions taken by viewers.
Happy Friday everyone! The first 100 people to go to www.blinkist.com/theplainbagel will get unlimited access for 1 week to try out Blinkist. You'll also get 25% off if you want the full membership.
I love this video and needed it since I dont have as much invested in big stocks I follow. I now average in, also 2:07 Tesla moon boy isnt completely wrong here. And hertz is something you should avoid at all costs.
Right now btc fomo is at all time high, pardon the pun. I cant say I didnt tell my friends about this years ago though, :(. Then again its not like I would get money in return for telling them lol. But to FOMO into btc right now is a huge risk, tell that to everyone. If you have fortykfree dollars go ahead. But like always, just do research, plan your strategy and be responsible.
Thanks for the book recommendations. Psychology of money by Morgan housel is a great read 👌
This post is pretty in context when looking at the Dogecoin hype. A LOT of people got FOMO for that one.
The book "30 Days to Overcome Fear of Missing Out" is helpful
I love your new style and background.
"Get a second mortage on your house and yolo it all on Plain Bagel stonks." ~Warren Buffet, founder of BTC, majority stakeholder of Tesla
*Literally cannot go tits up.*
checkout Dr Parik Patel's twitter for more analysis like this
@@ristekostadinov2820 spot on, on point and very exact... that's how I like my analysis
Ty
@@oz_jones Of course not! Leverage, liquor and ladies, that's what makes life great!
Forgot Moderator of r/wallstreetbets.
Buy High, Sell Low. Simple.
Buy Low, Sell Lower.
Way of life
@@saghwteam HAHHAHAAHAHAHAHAHA
They can’t tax your capital gains if you have to gains in capital
You’d probably fail if that was your intent, resulting in actual profits 😂
Idk why it’s easier this way
"You cant lose money from a stock that you don't own" - Peter Lynch
You won’t make any money either
I just saw that video. Lynch is not lynch, lynch is LEGEND!
Also I love the things he is talking about in this video, but the starting point was a long time ago. Put up partial shares and put your free money into various things, and also invest responsibly. Don't FOMO, its scary, imagine investing in btc right before the crash 2017. buy it at 3k after, or 5k.
Lynch is cute, no homo 😜
@@daviewavie112 losing money way is worse than not making money.
*Laughs in options contracts*
The FOMO is real in these market conditions 😅
Sold tesla at 740, made 15%, tesla the soared another 15%. Sometimes it be like that.
@@germanogirardelli Crypto is literally the easiest market to watch the canary, bears are gonna be fat soon.
@@germanogirardelli I bought Tesla a while ago and have the urge to sell bit just hanging on.
@@MissourHanzai HFSP
@@pantta567 Day of the bobo inc.
Yolo + Fomo = What could go wrong?
You only yolo once, so don’t fear the fomo.
That just = NoNo.
Financial suicide
@@olbradley -100%
Nothing because stonks only go up
-"Hindsight is 2020"
-We do not speak of that cursed year
2019 was a good year 1 year ago. everyone knows after 2019 is 2021
One thing that really helped me with FOMO this year is making small bets on some of these crazy stocks. I bough fractional shares in Tesla, only about 0.1 shares, and got to benefit from some of the crazy gains (like $80 total). Even though I didn't see my investments go to the moon, the fact that I got a tiny taste of them helped assuage my anxiety, and made me feel like a winner.
You don't feel bad when you make $80 and realize, "Oh man, if I had just bought 1 share, I would have made $720 more... or if I had bought 10 shares, I would have made $8000!"?
@@michaelsmith4904 it mitigates it knowing I gained at least some benefit from it, versus missing out completely.
Good idea there 😲👏
Why would you bet small on Tesla lol
Also: Winning by bidding the underdog always feels better than following someone for scraps, even if you make less profit in the end.
I have a little bit of crypto, just mainly the wrong ones which haven't recovered, with a nice -50% roi 😎
#Goals
Lol join the club 😅
Lately I've learnt a new concept, POMO - pleasure of missing out...
Also see “survivorship bias” and the “probabilistic fallacy”.
The last time I was this early, Tesla was $700... oh wait...
haha
Lol, before stock split
And BTC was $40k, oohhh...
in 2019 i started investing and saw tesla at $250, and said "nah" since it was at that price for 5 years, screw you life!
Only 700?
Love this style of intro. Great fun. Fomo is quite real, stay safe everyone.
"FOMO" doesn't sound cool anymore.
How about, "Investors beware, stay on the right side of change."
LOL
(that's a nod to Ark of course).
In my opinion, the most difficult part of building wealth is sticking with the right mindset over the long run. And yet it is the thing that people neglect the most, even when they look into the data and research. Great video and super important!
Wise words to live by:
"In the end, how your investments behave is much less important than how you behave."
- Benjamin Graham
An individual good decision can lead to a bad outcome. Just like a bad decision can lead to a good outcome. Focus on the decision-making process, not on the outcome of each individual decision.
very good advice
ah yes I love me a good old same words put into a sentence in different ways. Always sound way better then the actual words are. The art of trying to sound intelligent when you are actually a *FUCKING MORON*
@@likemysnopp haha, but this actually has proper meaning behind it. Or am I just imagining things? 🤔
@@zoltankurti what is meaning when there is suffering? 😎 and what is suffering when there is a meaning?
@@likemysnopp I'm not sure, your comment has plenty of suffering but no meaning.
I have been struggling with FOMO since March 2020
Thanks for the educational material for investing man! The 4 question checklist is super helpful!
You’re definitely my favorite TH-camr!!! Well researched, level headed, incredibly informative. I’ve listened to very many finance TH-camrs but it’s always your content I look forward to! Thank you for what you do!!!
Excellent advice, particularly the 'write your reasons down' idea. Subscribed!
I only saw your last two uploads... you’re a good guy. Thank you very much for your good advice. Truly appreciate it.
This is just what I needed. Thank you.
This video is exactly for me. my friends have been suggesting me TSLA when it was only $2xx, ... before the split. Since 2019, it's already 1500% increase or something. in 2020, I panic sold everything and never buy back, my investments were all tech stocks and some bitcoin. Now everything is so high, I really want to jump into a parallel universe that I didn't panic sell.
I’m such a FOMO guy now.
Next time, you can sell half instead of everything.
If it goes up, you still get profit. If it goes down, you cut your lose.
i feel you.. i bought tsla at 192 and sold all at 900 presplit in early 2020.
Who are these guys dumping every share they own when they go to sell
I’m the guy who sold everything in panic in 2020
I jumped into a lot of Tesla at $400 (using some margin as well), and exited at about $620, as Tesla had well surpassed my expectations, and I wanted the opportunity to diversify better and cut risk. While Tesla seems to keep shooting up, tbh, I’m not really kicking myself. Sure, my stonks aren’t riding the Tesla rocket any longer, but they’re doing very well in their own right, in a manner I believe to be more resilient to severe downturns. Just need to stop caring about how others are doing, and care only about your own plan and goals.
The best way to catch a big rise is to get ahead of it, which invariably involves an element of speculation and a lot research. Speculative moves are inherently risky, and should make up only a small portion of your portfolio.
Appreciate the effort and talent you put into this channel. Excellent timing for this video. Thanks, PB
When I get FOMO (Tesla + Bitcoin) I just ignore all media channels that update me on the prices! Ignorance is bliss!
War is peace, freedom is slavery, ignorance is strength.
@@perotal i see you are a man of culture
@@ivanparera1065 I try mate.
Great video with awesome energy, rythm and the perfect balance of entertaining and informative, awesome job, switching between you and the animations between time and time again feels like a refreshener and keeps it vibrant! And yeah between Tesla and Bitcoin FOMO is truly at an all time high.
Your honesty is highly commended even if it's something we don't always want to hear!
Great content as always... we love you bagel!! Keep the great job educating everyone
A very important video for all investors and traders - particularly those just starting off! 😄
Many thanks for the post, all the way from Tasmania, Australia 🙌
These are some really important topics mentioned. Thanks for the content!
Very useful content thank you
Appreciate you taking the time to make this video. The FOMO is not just real in the current conditions but also intense. Stay safe everyone, not just from the virus, but also from the fear and greed that has followed.
thank you for your videos, very educational and informative.
This my one of my favorite you tube investing channel because the host is very honest and logical. Liked as always 👍
Thank you for the video. You have put on words some of my frequent feelings.
Thanks man - it’s a hard lesson, and can be learnt multiple times.
Came to listen at the suggestion of Next Level Life. Great video and top notch recommendation.
You sir have an amazing channel, thank you.
loved the editing on this video!
That's why 1% of my portfolio is FOMO money. It helps me get through that feeling.
Your a genius
How does that work? What happens when you loose the entire 1% on one of the FOMO investment
@@Rushpatil then it's only 1% so you don't care if you lose it.
@@baz1184 I agree you don’t care if you loose 1%. What about next fomo when you have already lost that 1%. Can’t keep loosing 1% all the time
Why invest with emotions? Why give in to the "feeling"?
Your videos are great! Thanks!
Some Spicy Intro's. Loving the content keep it up. Would love to see some on your Industry or Profession specifically !
I’m a firm believer in indexing. My friend has no idea what he’s doing. He’s financially illiterate. He heard about crypto, so he put a few grand in it earlier this year. Let’s just say he has beat my returns many times over.
Most of our investments should go to safer things like indexing. But I don’t think it’s a bad thing to use a small amount of cash to momentum invest. It makes investing a lot of fun.
Let us know if he's realized any of those returns before the next time bitcoin crashes.
Hey don’t worry bout it too much it’s about the decision making, not just the result and if ur friend keeps making decisions like that he’s eventually gonna lose big so just do what you’ve always believed in and let the rest work itself out
Yeah indexing a solid way of investing but it’s boring.
Diversifikation is most important. If you take high risk you should diversify even more. My goal is to have around 100 stocks in my portfolio. It will be like an ETF, but without Zombie companies and hype stocks.
Subbed for the MGS alert sound you put in. Good stuff
Love your content
Simply brilliant, thank you!
Thanks for the video.
Great video!
very relevant especially for the Gamestop and AMC situation that we are in right now, thanks for sharing
I freaking love your videos. Keep it up
Great content my man!!
thanks I really needed this video
Great video! I love the sober check list!
Thank you nice show
Bro this channel is gold
Your laugh at the gravy train made me lol. I like that you mix good information with intermittent humour
Happy New Year Richard! Here’s a video request: You mentioned an approach of investing (E.g. momentum investing), what are your opinions on following an approach strictly (for the purposes of not being distracted or diluting one’s focus), relative to a more pick and choose mixed approach (trying to combine different strategies, to “diversify” so to speak)?
Is this something to be aware of and stick to from the get go? Something that ebbs and flows over time as one shapes his/her portfolio?
Thank you! Looking forward to learning more on TPB in this new year!
PS The active vs passive skit still brings me a chuckle 😂🔥🔥🔥
Needed this
Wow I was just thinking about this and youtube recommend me it. The algorithm is amazing.
Very timely lol I needed this
Good day sir! Been an avid follower since the start of the pandemic. I'm really thankful for investing videos from channels like yours. They keep me grounded and keep my emotions at check when it comes to investing :)
I was wondering if you could do a video regarding stock rights offerings and stock dilution as a result of it. I'm not sure if it's a way of taking advantage of FOMO or it's just a really good deal when the company is offering stock at a discount.
Anyways, really appreciate your videos. Keep up the good work! :)
Great very informative! I’m a fan of yout channel. Can you also do a short explanation on the repo market. Easy to grasp concept. Thank you
Thеse videos are so valuable! Thank you!
Amazing video!
Richard, there is no question in my mind that you are one of the best, if not the best financial person on TH-cam.
great video thanks
Help! I cant find the ticker for Bagel stock. Im PANICKING guys! Dont want to miss the wave!
Too late. I already took all the profits. Here's a picture of a car with me photoshopped in front.
I will save this video for future generations. Clever conceptual explanation.
Wow...ur programs are very informative...
On one hand, you have valid points and well-articulated arguments. On the other hand, YOLO!
that intro was great!
Sober check 💯. Good points! Thank you for this. Love the channel. Rational investing 😊
great video! it confirmed what I've recently started to believe about this topic :)
Excellent video. I agree that FOMO is dangerous and easy to fall for. Thanks for the advice. 😃
Good content. FOMO is a real problem. With the Gamestop and AMC meme madness a lot, but A LOT of people comes to the markets looking to make "easy" money. FOMO is on a killing spreed. Remember, there's always a new trade coming. Learn a lot and test a lot first
instructions unclear....went all in on bitcoin and ethereum 🌝🚀
🚀🚀🚀
Lol why all in now? Now is the time you want to get out. People dont understand, when its hot thats when you want to be selling it. When no one gives a shit about it, that when you buy it.
Lol. Get in or get out? Markets cant be timed! Stop timing the market. People invest in the companies that you think will be big in 5, 10 or 15 years.
If people believe in cryptocurrency, why would they get out now? When bitcoin is no where near where they claim to go in the future.
Same with investors in Tesla, why would people take profit when Tesla hasnt even finished a small % of their grand plans?
@@purplerings1969 big dogs always get out, fools stay in
@@purplerings1969 the greats investors always try to time the market, its how they make money. You are a fool if you buy bitcoin at this high price
Nice explanation. I'm having FOMO with bitcoim but don't understand it as much as the stock market and real estate.
Love your pic and green auto! I wish the plain bagel ticker was paying a higher yield! Love this video.
I sold 600 TSLA shares at $250 pre-split... my FOMO is at an all time high
Lmao you would be worth half a million if you held on.
@@nurulqwe lol it’s 3mil dude
I had all my student loans in tesla at 350 pre split. Crashed during corona and panic sold everything..
I did too, do you think Tesla will never come down again?
Great level headed channel
Great content.
This video made me feel better about sitting out on $GME.
Loved the intro man, hehehe
You should do more cross collaboration with coffezilla on a dedicated Coffee Meets Bagel Podcast.
This can distract viewers from FOMO behaviour while you both expose scammers together.
The problem with fomo in a sentence: "he bought? dump it!"
Seeing how high some assets have gone up in the last months undoubtably raises some concerns (notably Bitcoin and Tesla). FOMO is definitely real right now.
It seems investing has so much of numbers and narrative analysis, as psychology and emotional control. Good work 👍
TSLA, NIO, and Bitcoin are gonna make me blow a fuse if one more person tells me they are up 69420% on the week
Just close your ears. If it was that easy, nobody would be working. Let's see how things stand one year from now.
Doesn’t help with those stupid “enjoy being poor bro” comments
Dude you killed me
nice
It's the reason I watch almost of your video. I strongly agree with your rational opinion. Market these day is full of greedy people.
I love your channel and I finally made my own ❤️
My FOMO on Bitcoin is so high right now, I almost contacted the comment scammers for those buy alerts! Thanks for the video!
This was excellent coverage. Points 3. and 4. are big and expandable. But conversely then if late comer anxiety is an issue then can we discuss the Short Position? As in ... TESLA? NIO? In particular China book Keeping is suspect so
Luckin Coffee for example should have made people rich. You might also discuss Trader vs. Investor because those of us who have retired and hoping to increase the Nest Egg think Trading is prudent?
I wasn't super convinced on this video until I saw the picture of you in front of that car.
10/10 selling point and now I'm putting my life savings in Plain Bagel.
This was so badly needed
Warren Buffet once said: "Wall Street is the only place that people ride to in a Rolls Royce to get advise from those who take the subway."
The new, colorful background is really nice
Well needed in these times!! Thanks!!
Thanks for the great information. Wow. I have been thinking lot about this doge coin and check my coinbase account tireless. It is a mental game
Seeing bitcoin drop this week pushed my FOMO through the roof.
Good stuff