# 78: How to Avoid FOMO When Investing


    # 78 How to Avoid FOMO When Investing

    In investing as in life, it is simply impossible to take advantage of every opportunity. Often times we think about all of the hypothetical returns we’ve missed out on, which to us means nothing more than wasting time. Worse, it creates that sense of FOMO that can lead us to pursue the next ever elusive “hot” stock or investment trend with limited to catastrophic results.

    Here are a few actionable steps to avoid acting just for fear of missing out.

    Are you interested in joining a local PIMD community for virtual and face-to-face meetups? Sign up here!

    Well let’s goOkay what we discussed in this episode:

    • What is FOMO?
    • Where does FOMO come from?
    • 5 steps to taking action based on FOMO. to avoid

    Here’s a breakdown of how this episode played out …


    Research suggests that losses are twice as effective as gains psychologically.


    Be patient. Focus on the long term and I have extreme confidence and have seen people speed up their goals and it’s not just a linear thing.

    Subscribe and rate in iTunes

    Hey, did you subscribe to my podcast? If it doesn’t, please show your support for the show by doing so now. I don’t want you to miss a beat. So if you don’t have a subscription, there’s a good chance you’re missing out. Click here to subscribe iTunes!

    If you are one of our very special listeners, I would be very grateful if you would also leave me a review on iTunes. These ratings will help others find my podcast. Why not share the findings to help other doctors and professionals on their passive income path? Just click here to check, select “Ratings and Reviews” and “Write a Review” and let me know why you like the show so much. Thanks very much!


    Download transcript (available soon!)

    Download on iTunes

    Take part Passive Income Docs Facebook Group

    Take part Passive Income Facebook Group

    Journal Club 6/26/20 Investors Club


    Please enter your comment!
    Please enter your name here