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May 13, 2020 | 15 min
The Two-Bone Syndrome, Financial FOMO & How to Avoid Losing it All
In the last 4 months, we’ve experienced a fast and furious decline in the market. No one could have foreseen a global epidemic, but we did know that we were long overdue for a market correction.
History can give us greater perspective on how the future is going to take shape.
On February 19 we hit a historical market high, but within 30 days we saw some of the largest single day losses the market has ever encountered. Even then, many investors refused to heed the signs and chose to keep themselves in this highly volatile market.
This reminds me of the fable of the Dog and His Reflection, a story that’s more true now than ever before. What risks do we take when we chase potential market gains despite the clear warning signs? In this episode, I talk about how to avoid financial FOMO and make wise investing decisions when the market is good.
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