FOMU Beats FOMO: Boring Investments Often Outperform Hot Stocks
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Fear of missing out (FOMO) pushes investors into hot stocks, but fear of messing up (FOMU) is more prudent.
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Successfully timing the market is very difficult, even for professionals. Stick to boring, passive investments.
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If you bought Tesla stock a year ago, you'd have lost money, while the S&P 500 was up over 28%.
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Nvidia may stumble too. Markets are unpredictable and can rarely be timed.
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Burton Malkiel recommends low-cost index funds. If you must pick stocks, bet only what you can afford to lose.