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What’s up, everyone? Hope you’re doing well! Please, do this instead of FOMO investing!
F.O.MO. = Fear of missing out
Ever felt like you missed an investing opportunity? Like Bitcoin?
Yeah, it’s not a great feeling. But here’s how to beat it…
Anti-FOMO Criteria
I know so many people who kick themselves for investments they missed in the past.
We can’t do anything about the past, we can only make decisions now.
I know someone who regretted not joining a startup business after it turned into a multi-billion-dollar company.
Looking back, he said, “I wish I would’ve done it.”
However, he was not in the financial situation to do so.
He had 2 nice cars and a big house with a huge mortgage payment. This guy couldn’t join a startup and afford to not get paid for 12 months!
He had a nice lifestyle, but he did not put himself in a situation to join a startup.
So, TODAY make sure that you are in a stable financial situation so that you can jump at an opportunity when it comes!
“You should always keep a lot of money in your checking account just in case a good opportunity comes”
Charlie Munger
Dan Fleyshman taught me a rule that helps me be ready for opportunities…
It’s the 40-40-20 rule.
Dan said that the money in his portfolio consists of…
- 40% – boring, stable investments
- 40% – mid-tier risk: real estate, some stocks, etc.
- 20% – the shot at glory: very risky investments that he could get a huge return from!
People that only take shots at glory usually bust.
Theory: If I have to decide between 2 investment options, I will choose the one that I would regret the least in 10 years.
It’s totally up to you!
Like I said in my video…
“Personally, I want to get rich only once in my life.”
I would rather build my companies, maintain my money, and grow my wealth than miss a few crazy good opportunities.
There’s a lot of resources and money on this planet. Realize that you’re not going to hit every opportunity.
If you miss a deal, that’s ok! If your friend hits it big, cheer them on!
Don’t spend your mental energy regretting everything!
So, do this instead of FOMO investing!
That’s it for today!
Thanks,
Want to get direct guidance for your fund? Schedule a time with my Fund Advisors!
DISCLAIMER: This content is for educational and informational purposes only. It is not to be taken as tax, financial, or legal advice. You should always consult a legal professional before taking action. Furthermore, this is not a recommendation to buy or sell any security. The content is solely just the opinion of the authors.
