I am at the verge of ignoring all my financial wisdom and invest in riskier investments

[bettyraene]

Every day I am bombarded with news how certain stocks appreciated 100s% in a short time (e.g., Nvidia). And now, friends also started boasting how their investments (real-estate, options, day trading, stock picking, etc) yielding amazing returns. And here I am stuck with my boring ETFs. I am starting to second guess myself. Am I missing a great opportunity by limiting myself to exclusively to safe ETFs? What is a reasonable % if I want to take high-risk, 5/10/20/40% of the entire portfolio?

 

[nishan]

@bettyraene FOMO

If you can't handle this you can't invest

 

[glegbart]

@nishan "Nothing so undermines your financial judgement as the sight of your neighbor getting rich."

-J.P Morgan

 

[psalmistsista2000]

@nishan What is FOMO? Fear of missing out for anyone else not knowing

 

[thetraveledsoul]

@psalmistsista2000 Fear of missing out. Google is also your friend

 

[fedavis]

@thetraveledsoul r/confidentlyincorrect

 

[predicar09]

@thetraveledsoul Why did you get so many dislikes ?

 

[thetraveledsoul]

@predicar09 It’s the FOMO my friend

 

[sonali]

@predicar09 Because his explanation of acronym is wrong

 

[psalmistsista2000]

@sonali All you 33 who downvoated cause the explanation is incorrect it would be much appreciated if you shared your knowledge

 

[bettyraene]

@nishan its battle between heart (fomo, greed, jealously) and brain (financial wisdom)

 

[bc37]

@bettyraene Your brain wants to preserve wealth, your heart wants to create it. But by creating it you might destroy it.
So ask yourself the question, are you preserving wealth or do you know how the world will look like in 10-20 years. If you are correct on the latter bet you will have created money if you are incorrect it will be destroyed.

 

[bettyraene]

@bc37 its a nice way to put it

 

[lordslight]

@bettyraene That's called fomo, greed, jealousy, and a failure to appreciate what you have. Not the best state of mind to start increasing your risk imo.

 

[bettyraene]

@lordslight Yes, its 100% FOMO and 200% greed/jealousy.

 

[lordslight]

@bettyraene The fact that you're asking for advice about it here already shows that you're in doubt about it, so you probably already knew the answer. Good luck!

 

[bettyraene]

@lordslight Yes, its a constant battle between heart (fomo, greed, jealously) and brain (financial wisdom)

 

[lordslight]

@bettyraene Just out of curiosity: what would change for you if you had what your friends have now?