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FOMO - "Fear of Missing Out" is a form of anxiety stemming from the belief that others are experiencing something better. In investing, this psychological effect has been experienced by most, if not all of us.
Recently, I was speaking to a young investor who had decided to start investing post COVID-19. Like many new investors, he was swayed by the stocks on the "biggest movers" list. Often buying stocks that were up 20%-30% on the day, hoping that they would keep going. Buying as they were rushing up and racing