What’s up, everyone? Hope you’re doing well! Please, do this instead of FOMO investing!
F.O.MO. = Fear of missing out
Ever felt like you missed an investing opportunity? Like Bitcoin?
Yeah, it’s not a great feeling. But here’s how to beat it…
#1 Rest Easy
I know so many people who kick themselves for investments they missed in the past.
We can’t do anything about the past, we can only make decisions now.
I know someone who regretted not joining a startup business after it turned into a multi-billion-dollar company.
Looking back, he said, “I wish I would’ve done it.”
However, he was not in the financial situation to do so.
He had 2 nice cars and a big house with a huge mortgage payment. This guy couldn’t join a startup and afford to not get paid for 12 months!
He had a nice lifestyle, but he did not put himself in a situation to join a startup.
So, TODAY make sure that you are in a stable financial situation so that you can jump at an opportunity when it comes!
“You should always keep a lot of money in your checking account just in case a good opportunity comes”Charlie Munger
#2 Remember the Rule
Dan Fleyshman taught me a rule that helps me be ready for opportunities…
It’s the 40-40-20 rule.
Dan said that the money in his portfolio consists of…
- 40% – boring, stable investments
- 40% – mid-tier risk: real estate, some stocks, etc.
- 20% – the shot at glory: very risky investments that he could get a huge return from!
People that only take shots at glory usually bust.
#3 Regret Minimization Theory
Theory: If I have to decide between 2 investment options, I will choose the one that I would regret the least in 10 years.
It’s totally up to you!
Like I said in my video…
“Personally, I want to get rich only once in my life.”
I would rather build my companies, maintain my money, and grow my wealth than miss a few crazy good opportunities.
#4 Abundance Mindset
There’s a lot of resources and money on this planet. Realize that you’re not going to hit every opportunity.
If you miss a deal, that’s ok! If your friend hits it big, cheer them on!
Don’t spend your mental energy regretting everything!
That’s it for today!
Want to get direct guidance for your fund? Schedule a time with my Fund Advisors!
DISCLAIMER: This content is for educational and informational purposes only. It is not to be taken as tax, financial, or legal advice. You should always consult a legal professional before taking action. Furthermore, this is not a recommendation to buy or sell any security. The content is solely just the opinion of the authors.