Investing FOMO is no different than any other type of FOMO (fear of missing out). You see other people doing things that you’re not doing, so you decide to jump in too late. If this happens with volatile assets like stocks or cryptocurrency, you could be left holding the bag while others walk away with the profit. But is this prominent in the world of real estate investing? Are we looking at a 2022 repeat of the FOMO scenario from the pre-recession run-up?
Two investors who have fought the FOMO and stuck to their investment strategies are David Greene and Dave Meyer. Both are invested heavily in real estate, with some other assets on the side, but neither of them fell into the FOMO traps of 2020 and 2021— and they’re much wealthier for it. Our Dave duo preaches the importance of sticking to a goal, strategy, and adjusting when needed—without falling into the housing market, stock market, or crypto hysteria of the masses.
If you’re stuck financially paralyzed on the sidelines or are falling into too many get-rich-quick FOMO traps, make sure you follow the fundamentals, unless you’re prepared to suffer the consequences!
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Check Out David and Dave’s BiggerNews Interview with 2007 Crash Forecaster, Ivy Zelman:
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5 Cures to Financial Mediocrity From the Classic Book “The Richest Man in Babylon”:
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Why You Shouldn’t Buy What the Gurus Are
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How to Deal With Regret in Real
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David:
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Connect with David and Dave:
DG: @davidgreene24 or @thedatadeli or Intro
01:00 Rising Interest Rates
11:29 Market Forces and Investment Pressure
12:59 Winning the Real Estate Investing "Game"
15:27 Artificially Inflating Asset Prices
21:32 Speculative Investing
25:43 FOMO & Investing in Challenging Times
Recommended Reading >> bit.ly/32kRpzw
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