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Saturday, July 24, 2021

Avoiding FOMO

"Stonks only go up.~ Wall Street Bets saying

After Monday's dip, the indices have only gone up.   Shortest correction ever.   Retail bought the dip.   New highs at the end of week.

Do I think the market could keep going up?   Yes.   Do I also think there is a risk of going down?  Yes.   I think the upside potential is equal to the downside risks.  Therefore, I'm not putting significant funds into the market.

FOMO, maybe.   Risking significant amounts of money.  Nope.  Testing with minimal funds.  Yep.

For more on Reflections and Musings, check back Fridays for a new segment.

This is not financial nor investment advice. Please consult a professional advisor.

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