“FOMO” in The Stock Market is Real

Jordan Mendiola

Photo by 傅甬 华 on Unsplash

https://img.particlenews.com/image.php?url=4bqHPV_0YKJYTGb00

As of 2020, I started investing some money I had saved up from my Army deployment and it’s been a wild ride.

I started purchasing stocks as soon as the pandemic hit and set the DOW back nearly 3,000 points (CNBC). Seeing all of the good deals in stocks seemed like the perfect time to get started and growing my money.

Here and there, I’ve had success with stocks such as Novavax, Penn National Gaming, Spirit Airlines, and Royal Carribean.

But there are also times when I buy a stock, get afraid its going to bail out and go down, when it does the complete opposite. I sold! It went up! Darn it. Although I still turn a profit, I feel a little emptiness about how much profit I could have made.

Having FOMO is not the way to think about investing. FOMO is how people end up losing hundreds, even thousands of dollars.

A $300 profit instead of a $900 profit sounds greedy. I don’t want to be greedy. At least I didn’t lose it all!

1. Be Happy With Profits

When you sell and turn a profit, there’s not much to be sad about. I’ve been in this position on multiple occasions, but I feel more peace of mind coming out on top, rather than regretting an early sell-off.

At the end of day you have to understand your goals. My goal is to acquire as many dividend paying stocks along with companies that can really make a killing in the future.

I rarely dabble with penny stocks, but have turned profits on a few.

When your account is higher than you started, be happy you didn’t lose it!

2. Missing “The Ship”

When I open my Robinhood account and see that a penny stock grew. 60% overnight, I’m honestly shocked. To hit on one of those types of scenarios takes luck and research.

I try not to kick myself over missing out on the big opportunity because there are opportunities everywhere. When the “ship” leaves and the price soars and your opportunity to profit cuts down, it’s easy to be upset.

But investing shouldn’t feel like gambling. That’s how you lose a lot of your money. Instead of trying to chase the next big thing, you can devote your money into companies you truly believe in.

3. Long-Term Always Wins

As long as you’re planning on holding for a while in a company you believe will stick around 20 years down the line, I believe there’s nothing to worry about.

If they’re growing and maintaining a positive place in the business-world, there’s nothing to worry about.

Worrying over what “could’ve been” is a waste of time. Money can be made in other ways besides the stock market. Today’s world makes playing the stock market seem like we’re at the casino.

I missed out on over $2,000 throughout my investing career because I sold too early, but I’m still going strong. That’s nothing to feel bad about. If you’re up, great job, keep it up! If you’re down, just hold and wait until we get off this rollercoaster.

Investing is fun and should make you feel better about your future. Don’t jeoporadize it because you seek short-term instant gratification.

There are many people making tons of money right now, but if you can’t afford to lose money you’re devoting to investments, then it may not be for you.

They say investing should be “like watching grass grow” — boring and long-term. Let’s do our mental health a favor and enjoy life while putting in bits and pieces here and there. We may have missed the ship, but things will be alright!

Comments / 0

Published by

Creative entrepreneur, U.S. Army Engineer, and dedicated runner. Committed to sharing ideas that lead to more fulfillment in all areas of life. Email: mendiola1829@gmail.com

Chicago, IL
1297 followers

More from Jordan Mendiola

Comments / 0