Feb 16, 2021
One of the
questions I get asked the most is how to invest or get involved in
investing. The reason is that investing gets all the hype in the
market, online, and in the news. It's often talked about in an
exciting way, dominating headlines and luring investors in for fear
of missing out (also known as FOMO). The last few weeks have been
no exception with the frenzied trading of GameStop, AMC, and
Blackberry. So in this episode, I want to explain how to avoid the
fear of missing out when investing.
Listen in as I explain some things to be mindful of if you plan on getting involved in the investment industry and how to find an investment accountability buddy. You will learn how to develop an investment strategy, why it’s important to start investing early, and the importance of getting back to basics by setting goals.
“From an economic/financial perspective, FOMO is a psychological phenomenon associated with loss aversion, particularly in terms of financial decision making.” - Tracey Bissett
This Week on Young Money:
Young Money Listener Contest!
February is a month-long celebration of love. So, if you love the Young Money podcast, show us by leaving a review on apple podcasts. Share your review with us on social media and tag us or send a pic through in the DMs.
For every review left for the Young Money podcast, you will be entered into a draw to win a fabulous prize to help you on your financial fitness journey. There will be multiple winners so review away!
Contest closes February 28th!
Not sure how to leave a review, check out the instructions here.
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