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Experiencing FOMO in Finance
Manage episode 410655233 series 3564455
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In episode 3 of Don’t Buy The Bull, Cassandra Toroian delves into the concept of FOMO (Fear of Missing Out) and its impact on investing. She also discusses the dangers of making investment decisions based on envy, greed, and short-term emotions.
Tune in to gain insights on making sound investment decisions by overcoming the fear of missing out.
TIMESTAMPS
[00:01:17] FOMO (Fear of Missing Out) in Investing.
[00:09:20] Short Selling and Stock Market.
[00:10:25] Investing in Gold Advice.
In this episode, Cassandra Toroian discusses how FOMO is driven by emotions such as envy, jealousy, hubris, ego, and greed, which can cloud judgment and lead investors to make impulsive decisions based on the desire to catch up with perceived successful individuals.
Additionally, Cassandra stresses the importance of prioritizing fundamental investing principles over speculative trading. By adhering to a sound investment strategy based on quality stocks and long-term growth potential, investors can mitigate risks and work towards achieving their financial goals in a prudent and sustainable manner.
QUOTES
- “Just as we can invest and buy a stock for the long term, there are people out there who will do the opposite. Their form of investing is actually shorting a stock. That means they're selling the stock that they don't own. And their conclusion is that stock because that company is flawed fundamentally, that stock will go down.”
- “You can look it up and see what exactly a company's short percentage is. And it'll even tell you the number of days it would take for that stock to cover all of its shorts. In other words, If a company has a small float of stock, it could take many, many days for them to cover and close out the short positions because it becomes a self-fulfilling prophecy.”
- “But my point is, is that if you don't take a look at what is going on with a company's stock as far as the short position percentage out there and how many days to cover that it would take, that can be a very bad recipe for disaster if you're feeling like you're missing out and wanna get in on one of these.”
SOCIAL MEDIA LINKS
Cassandra Toroian
Instagram: https://www.instagram.com/CassandraToroian/
Facebook: https://www.facebook.com/CassandraToroian1/
LinkedIn: https://www.linkedin.com/in/cassandra-toroian/
WEBSITE
FirstHand Research and Consulting LLC: https://1sthandresearch.com/
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