Dealing With Investment FOMO

[@ThePlainBagel]

Happy Friday everyone! The first 100 people to go to www.blinkist.com/theplainbagel will get unlimited access for 1 week to try out Blinkist. You'll also get 25% off if you want the full membership.

[@EckosamaGhostTsushima]

I love this video and needed it since I dont have as much invested in big stocks I follow. I now average in, also 2:07 Tesla moon boy isnt completely wrong here. And hertz is something you should avoid at all costs. Right now btc fomo is at all time high, pardon the pun. I cant say I didnt tell my friends about this years ago though, :(. Then again its not like I would get money in return for telling them lol. But to FOMO into btc right now is a huge risk, tell that to everyone. If you have fortykfree dollars go ahead. But like always, just do research, plan your strategy and be responsible.

[@jarredwoolis4929]

Thanks for the book recommendations. Psychology of money by Morgan housel is a great read 👌

[@lukascheung2852]

This post is pretty in context when looking at the Dogecoin hype. A LOT of people got FOMO for that one.

[@sunset33533]

The book "30 Days to Overcome Fear of Missing Out" is helpful

[@phosphorus5136]

I love your new style and background.

[@andreaspfeifer312]

"Get a second mortage on your house and yolo it all on Plain Bagel stonks." ~Warren Buffet, founder of BTC, majority stakeholder of Tesla

[@oz_jones]

*Literally cannot go tits up.*

[@ristekostadinov2820]

checkout Dr Parik Patel's twitter for more analysis like this

[@andreaspfeifer312]

@@ristekostadinov2820 spot on, on point and very exact... that's how I like my analysis Ty

[@andreaspfeifer312]

@@oz_jones Of course not! Leverage, liquor and ladies, that's what makes life great!

[@Lauren_C]

Forgot Moderator of r/wallstreetbets.

[@toughmonkey5414]

"You cant lose money from a stock that you don't own" - Peter Lynch

[@daviewavie112]

You won’t make any money either

[@EckosamaGhostTsushima]

I just saw that video. Lynch is not lynch, lynch is LEGEND! Also I love the things he is talking about in this video, but the starting point was a long time ago. Put up partial shares and put your free money into various things, and also invest responsibly. Don't FOMO, its scary, imagine investing in btc right before the crash 2017. buy it at 3k after, or 5k.

[@Danielkaas94]

Lynch is cute, no homo 😜

[@imperialwarhawk123abc5]

@@daviewavie112 losing money way is worse than not making money.

[@Stefi747]

*Laughs in options contracts*

[@ElvishShellfish]

One thing that really helped me with FOMO this year is making small bets on some of these crazy stocks. I bough fractional shares in Tesla, only about 0.1 shares, and got to benefit from some of the crazy gains (like $80 total). Even though I didn't see my investments go to the moon, the fact that I got a tiny taste of them helped assuage my anxiety, and made me feel like a winner.

[@michaelsmith4904]

You don't feel bad when you make $80 and realize, "Oh man, if I had just bought 1 share, I would have made $720 more... or if I had bought 10 shares, I would have made $8000!"?

[@ElvishShellfish]

@@michaelsmith4904 it mitigates it knowing I gained at least some benefit from it, versus missing out completely.

[@KylePandapatan]

Good idea there 😲👏

[@danielbuezo9910]

Why would you bet small on Tesla lol

[@jhutt8002]

Also: Winning by bidding the underdog always feels better than following someone for scraps, even if you make less profit in the end.

[@feynstein1004]

-"Hindsight is 2020" -We do not speak of that cursed year

[@mynamejeb8743]

2019 was a good year 1 year ago. everyone knows after 2019 is 2021

[@MapAtlass]

The FOMO is real in these market conditions 😅

[@germanogirardelli]

Sold tesla at 740, made 15%, tesla the soared another 15%. Sometimes it be like that.

[@LeMeccerino]

@@germanogirardelli Crypto is literally the easiest market to watch the canary, bears are gonna be fat soon.

[@successwithstacee9290]

@@germanogirardelli I bought Tesla a while ago and have the urge to sell bit just hanging on.

[@pantta567]

@@LeMeccerino HFSP

[@LeMeccerino]

@@pantta567 Day of the bobo inc.

[@Zaerki]

Love this style of intro. Great fun. Fomo is quite real, stay safe everyone.

[@user-85903z]

"FOMO" doesn't sound cool anymore. How about, "Investors beware, stay on the right side of change." LOL

[@user-85903z]

(that's a nod to Ark of course).

[@lisavo6341]

Yolo + Fomo = What could go wrong?

[@serjiang]

You only yolo once, so don’t fear the fomo.

[@rhaegartargaryen9315]

That just = NoNo.

[@olbradley]

Financial suicide

[@lisavo6341]

@@olbradley -100%

[@NavaracVolare]

Nothing because stonks only go up

[@sanronronaldinho]

Lately I've learnt a new concept, POMO - pleasure of missing out...

[@FelipePereiraFP]

In my opinion, the most difficult part of building wealth is sticking with the right mindset over the long run. And yet it is the thing that people neglect the most, even when they look into the data and research. Great video and super important!

[@JR_Villablanca-de-Mendoza]

You’re definitely my favorite KZbinr!!! Well researched, level headed, incredibly informative. I’ve listened to very many finance KZbinrs but it’s always your content I look forward to! Thank you for what you do!!!

[@pinkstardiamond]

This video is exactly for me. my friends have been suggesting me TSLA when it was only $2xx, ... before the split. Since 2019, it's already 1500% increase or something. in 2020, I panic sold everything and never buy back, my investments were all tech stocks and some bitcoin. Now everything is so high, I really want to jump into a parallel universe that I didn't panic sell. I’m such a FOMO guy now.

[@alvr3461]

Next time, you can sell half instead of everything. If it goes up, you still get profit. If it goes down, you cut your lose.

[@wht9964]

i feel you.. i bought tsla at 192 and sold all at 900 presplit in early 2020.

[@trapsarentgay4195]

Who are these guys dumping every share they own when they go to sell

[@pinkstardiamond]

I’m the guy who sold everything in panic in 2020

[@Lauren_C]

I jumped into a lot of Tesla at $400 (using some margin as well), and exited at about $620, as Tesla had well surpassed my expectations, and I wanted the opportunity to diversify better and cut risk. While Tesla seems to keep shooting up, tbh, I’m not really kicking myself. Sure, my stonks aren’t riding the Tesla rocket any longer, but they’re doing very well in their own right, in a manner I believe to be more resilient to severe downturns. Just need to stop caring about how others are doing, and care only about your own plan and goals. The best way to catch a big rise is to get ahead of it, which invariably involves an element of speculation and a lot research. Speculative moves are inherently risky, and should make up only a small portion of your portfolio.

[@lakshmikrishnamurthy997]

Appreciate you taking the time to make this video. The FOMO is not just real in the current conditions but also intense. Stay safe everyone, not just from the virus, but also from the fear and greed that has followed.

[@schlab73]

An individual good decision can lead to a bad outcome. Just like a bad decision can lead to a good outcome. Focus on the decision-making process, not on the outcome of each individual decision.

[@Sam-fp8zm]

very good advice

[@likemysnopp]

ah yes I love me a good old same words put into a sentence in different ways. Always sound way better then the actual words are. The art of trying to sound intelligent when you are actually a *FUCKING MORON*

[@zoltankurti]

@@likemysnopp haha, but this actually has proper meaning behind it. Or am I just imagining things? 🤔

[@likemysnopp]

@@zoltankurti what is meaning when there is suffering? 😎 and what is suffering when there is a meaning?

[@zoltankurti]

@@likemysnopp I'm not sure, your comment has plenty of suffering but no meaning.

[@trevinbeattie4888]

Also see “survivorship bias” and the “probabilistic fallacy”.

[@ThePikmania]

I have a little bit of crypto, just mainly the wrong ones which haven't recovered, with a nice -50% roi 😎

[@gokuafrica]

#Goals

[@TokyoKazama]

Lol join the club 😅

[@Frankcapasso]

Richard, there is no question in my mind that you are one of the best, if not the best financial person on KZbin.

[@arielsanchez4690]

The last time I was this early, Tesla was $700... oh wait...

[@onesahil]

haha

[@retry51776]

Lol, before stock split

[@franciscooteiza]

And BTC was $40k, oohhh...

[@ninjablack4347]

in 2019 i started investing and saw tesla at $250, and said "nah" since it was at that price for 5 years, screw you life!

[@vengefulspirit99]

Only 700?

[@ThomasGoldstepFinance]

When I get FOMO (Tesla + Bitcoin) I just ignore all media channels that update me on the prices! Ignorance is bliss!

[@perotal]

War is peace, freedom is slavery, ignorance is strength.

[@ivanparera1065]

@@perotal i see you are a man of culture

[@perotal]

@@ivanparera1065 I try mate.

[@Xaphyro]

Great video with awesome energy, rythm and the perfect balance of entertaining and informative, awesome job, switching between you and the animations between time and time again feels like a refreshener and keeps it vibrant! And yeah between Tesla and Bitcoin FOMO is truly at an all time high.

[@lisanguyen2397]

This my one of my favorite you tube investing channel because the host is very honest and logical. Liked as always 👍

[@AzqatoStreams]

Thanks for the educational material for investing man! The 4 question checklist is super helpful!

[@Thetraderchick]

Good content. FOMO is a real problem. With the Gamestop and AMC meme madness a lot, but A LOT of people comes to the markets looking to make "easy" money. FOMO is on a killing spreed. Remember, there's always a new trade coming. Learn a lot and test a lot first

[@apacheattackhelicopter8185]

I have been struggling with FOMO since March 2020

[@maximilianspieler2796]

Needed this

[@ibs4524]

Wow I was just thinking about this and youtube recommend me it. The algorithm is amazing.

[@muzammilali007]

Your honesty is highly commended even if it's something we don't always want to hear!

[@bruns.like.spoons9251]

Excellent advice, particularly the 'write your reasons down' idea. Subscribed!

[@douglassun8456]

I know this is an old post and that Richard continues to evolve and hone his craft. But I do think that his best thumbnails are the ones where he keeps it deadpan. I guess I like understated humor, but I also think it reinforces his persona as that smart Canadian guy who stays sane while the world around him goes crazy.

[@Viper54K]

Help! I cant find the ticker for Bagel stock. Im PANICKING guys! Dont want to miss the wave!

[@ZhangtheGreat]

Too late. I already took all the profits. Here's a picture of a car with me photoshopped in front.

[@michaelswami]

Came to listen at the suggestion of Next Level Life. Great video and top notch recommendation.

[@successwithstacee9290]

Nice explanation. I'm having FOMO with bitcoim but don't understand it as much as the stock market and real estate.

[@TheBasicStuff]

Wise words to live by: "In the end, how your investments behave is much less important than how you behave." - Benjamin Graham

[@StarIessNight]

I only saw your last two uploads... you’re a good guy. Thank you very much for your good advice. Truly appreciate it.

[@frankhutton6747]

This is just what I needed. Thank you.

[@areebahmed6230]

very relevant especially for the Gamestop and AMC situation that we are in right now, thanks for sharing

[@WingofTech]

I will save this video for future generations. Clever conceptual explanation.

[@MrBob001]

On one hand, you have valid points and well-articulated arguments. On the other hand, YOLO!

[@EricDaMAJ]

It sucks to miss opportunities. I missed Google, Microsoft, and got on Amazon and Apple too late to make it big (even though I did OK). But they come along more frequently than you think. I did get on Tesla and cashed 1/3 based on the Plain Bagel warning. I kept enough to win big if Tesla keeps going up but cashed out enough to put into a more stable investment and some into “the next big thing.”

[@joshlynch5676]

Bro this channel is gold

[@anthonydelvecchio7540]

Seeing how high some assets have gone up in the last months undoubtably raises some concerns (notably Bitcoin and Tesla). FOMO is definitely real right now.

[@evancampbell7138]

A very important video for all investors and traders - particularly those just starting off! 😄 Many thanks for the post, all the way from Tasmania, Australia 🙌

[@thinkingbyzantine542]

This is some good advice as im am experiencing fomo all the time watching stocks jump 10% a day is hard

[@RichardServello]

Those are bubbles. Eventually they get too big without any fundamentals to back them. Eventually they get too inflated for anyone to buy, and worse, to encourage sales. Those gains can tumble FAST!

[@jhutt8002]

@@RichardServello Well, I'm only about talking finnish stocks here, but usually there is some reason behind the sudden 10% jumps or falls. A news article, profit warnings, some profitable deals etc... It does help a lot to always dig up reasons for those jumps in order to learn how specific stocks behave. I've made a few nice quick trades with knowledge learned from those, avoided few falls. (and admittedly also made mistakes too)

[@hakosh5B]

The new, colorful background is really nice

[@codyriggs6217]

I wasn't super convinced on this video until I saw the picture of you in front of that car. 10/10 selling point and now I'm putting my life savings in Plain Bagel.

[@johnathanpenczek5499]

This video made me feel better about sitting out on $GME.

[@jimthornston7554]

You sir have an amazing channel, thank you.

[@DandyFinance]

My FOMO on Bitcoin is so high right now, I almost contacted the comment scammers for those buy alerts! Thanks for the video!

[@pooxtreme3]

haha i love it releases video: "Why i think tesla is over valued" Next video:"How to deal with investment FOMO" is this new video for you or us ? LOL

[@onesahil]

lol

[@SpeakHearSeeNoEvil]

Lol

[@KnowArt]

The best content is in the comments

[@RandomGuyOnYoutube601]

To be fair it probably is. I have a high conviction that there will be a better time to buy then now.

[@benjie.the.great266]

Next will be "How to deal with regret and anxiety "

[@richardjbrito]

Excellent video. I agree that FOMO is dangerous and easy to fall for. Thanks for the advice. 😃

[@j.o8707]

Subbed for the MGS alert sound you put in. Good stuff

[@anuzis]

Appreciate the effort and talent you put into this channel. Excellent timing for this video. Thanks, PB

[@Rogcui]

I sold 600 TSLA shares at $250 pre-split... my FOMO is at an all time high

[@Hello8qwe]

Lmao you would be worth half a million if you held on.

[@Rogcui]

@@Hello8qwe lol it’s 3mil dude

[@insevanhouts]

I had all my student loans in tesla at 350 pre split. Crashed during corona and panic sold everything..

[@stephenkowalski2448]

I did too, do you think Tesla will never come down again?

[@Larry82ch]

Accidentally sold a stock I wanted to buy more of. Thought of just going back in when the price was lower, as to recuperate the fees (I live in Europe, we still have those). After the price soared, I ended up giving in to FOMO and bought it anyway. Of course now its price is dropping.

[@perotal]

How do you "accidentally" sell a stock ?

[@Larry82ch]

@@perotal On the service I use the default setting is on "sell" when you want to give a new order for a position you already have stocks in.

[@adiabd1]

Oh boi I got this exact accident also last year, months before pandemic crash, back then I wasn't experienced enough and got FOMO, and forgot to check if the menu shown to me was for Buy or Sell, and sadly it was Sell while I wanted to Buy more Harsh experience aside, since then I'm always careful and that kind of thing never happen again 👍🏽

[@billvigus3719]

@@Larry82ch that stinks but if you think the stock has value I'd just hold it long term until it went up. That doesn't mean to add more to it though.

[@johnglatt3627]

Love your pic and green auto! I wish the plain bagel ticker was paying a higher yield! Love this video.

[@jetjet6560]

Subbed to you after watching your Coffeezilla interview, your content is so good! Shoutout to all the fellow Canadians

[@tpespos]

Hey I came of Mr. Zika too

[@mikepp8218]

Great content as always... we love you bagel!! Keep the great job educating everyone

[@Whooshta]

That's why 1% of my portfolio is FOMO money. It helps me get through that feeling.

[@leiftorbjorn5621]

Your a genius

[@Rushpatil]

How does that work? What happens when you loose the entire 1% on one of the FOMO investment

[@baz1184]

@@Rushpatil then it's only 1% so you don't care if you lose it.

[@Rushpatil]

@@baz1184 I agree you don’t care if you loose 1%. What about next fomo when you have already lost that 1%. Can’t keep loosing 1% all the time

[@wuziwu8148]

Why invest with emotions? Why give in to the "feeling"?

[@stephengana586]

Good day sir! Been an avid follower since the start of the pandemic. I'm really thankful for investing videos from channels like yours. They keep me grounded and keep my emotions at check when it comes to investing :) I was wondering if you could do a video regarding stock rights offerings and stock dilution as a result of it. I'm not sure if it's a way of taking advantage of FOMO or it's just a really good deal when the company is offering stock at a discount. Anyways, really appreciate your videos. Keep up the good work! :)

[@willchhun6860]

It's the reason I watch almost of your video. I strongly agree with your rational opinion. Market these day is full of greedy people.

[@FinancialShinanigan]

On the flipside, also important to evaluate when you're going to sell positions that have shot to the moon. I'm slowly trimming my TSLA holding to rebalance my portfolio. FOMO is real for people rushing in but also those who want to sell but don't because they think it'll keep going up. I say take some profit so if bitcoin or Tesla does crash, at least you'll lock in some gains

[@djayjp]

Not until the Fed takes its foot off the gas pedal.

[@rayito4564]

thank you for your videos, very educational and informative.

[@matthewabraham5819]

These are some really important topics mentioned. Thanks for the content!

[@marquinhosvvl]

Thank you for the video. You have put on words some of my frequent feelings.

[@FinDDYouTube]

Very useful content thank you

[@pipertan8188]

Sober check 💯. Good points! Thank you for this. Love the channel. Rational investing 😊

[@felijacobo7788]

its amazing. both investments in the thumbnail are have been MURDERED this year

[@CalSticks]

Thanks man - it’s a hard lesson, and can be learnt multiple times.

[@pipertan8188]

Great very informative! I’m a fan of yout channel. Can you also do a short explanation on the repo market. Easy to grasp concept. Thank you

[@brunoparada7404]

Thanks for the video.

[@adelekeemmanuel7815]

8:07 even if It is a reliable source always consider the possibility of a clash of interest if the person is qualified but has a position on the said items.

[@IIrandhandleII]

Great level headed channel

[@olbradley]

0:34 That hit me personally... *_I almost bought Tesla in 2019 but put it off_*

[@BeastProSHADOW]

Some Spicy Intro's. Loving the content keep it up. Would love to see some on your Industry or Profession specifically !

[@psnspdr91]

Your videos are great! Thanks!

[@zeipastel]

It seems investing has so much of numbers and narrative analysis, as psychology and emotional control. Good work 👍

[@trmib7382]

Warren Buffet once said: "Wall Street is the only place that people ride to in a Rolls Royce to get advise from those who take the subway."

[@triple_gem_shining]

Love your content

[@dartek14]

This was excellent coverage. Points 3. and 4. are big and expandable. But conversely then if late comer anxiety is an issue then can we discuss the Short Position? As in ... TESLA? NIO? In particular China book Keeping is suspect so Luckin Coffee for example should have made people rich. You might also discuss Trader vs. Investor because those of us who have retired and hoping to increase the Nest Egg think Trading is prudent?

[@JattisJatt]

This was so badly needed

[@MikeCoxard]

Just a side comment on what you said at 6:20; the previous price of a stock does not reflect its future returns, however, the previous record of a company's performance tends to reflect the future returns of that company within general parameters. The market is volatile, however, the underlying asset behind a stock is more stable in comparison, hence valuating the firm rather than the stock based on past performance, is more useful.

[@quanduong3599]

I freaking love your videos. Keep it up

[@jetsandthebombers]

that intro was great!

[@conors4430]

The fear of missing out trap usually exists when you’re in a bubble.. The sub-prime mortgage issue before 2007 in the United States and Europe, housing in the last 10 years in Australia, bitcoin, Tesla. Part of human psychology is to think that whatever is happening will continue to happen, it’s behavioural economics. Everyone thought they were buying a house in 2004, that it was going to be some great asset, that it was going to go up in price and only go up in price, that it was making them rich, what did it do? It just made the house they would buy next more expensive, meaning that their dollar didn’t go as far, and sacrificed a generation of families to poverty which on top of being economically damaging, has radicalised large amount of the population in various different ways which won’t go away any time soon. Bubbles are a 0 sum game, potential money to be made creates so much risk that the downsides are so much worse than under normal circumstances. You didn’t lose money if you didn’t buy bitcoin when it was at $2000 a pop and now it’s at $60,000 Australian. Because you only spent $2000. People who win are convinced something is a sure thing because their ego tells them that they are smart and they alone knew better than everybody else, when the truth is they had no fucking idea either, their ego just can’t let them think that way so it convinces everybody else around them that they won because they bought a ticket, when plenty of other people lost that you’ve never heard of. How many gamblers in a casino I convinced, if I only I slapped the button again and win then it proves that the right thing to do is for me to stay. When they have no fucking clue for the next one is a winner or loser. They will dismiss the loss, and continue until they find another winner to reinforce the idea that it was right for them to stay

[@jvoverpower]

The problem with fomo in a sentence: "he bought? dump it!"

[@mcook-69don]

Higher the top, further the drop!

[@PeetersDani]

I had the complete opposite work for me. When the market crashed last year just after I invested everything I saved up a lot of people called me dumb. I held on to my plan and have a steady return right now.

[@roberti7679]

Thank you nice show

[@oz_jones]

Thanks, I needed this. I held Buttcoin for about a year and made about 80% profit, but I sold it when the valuation was at $17k.

[@ttsen9598]

Thеse videos are so valuable! Thank you!

[@onlywangs69420]

loved the editing on this video!

[@108u9]

Happy New Year Richard! Here’s a video request: You mentioned an approach of investing (E.g. momentum investing), what are your opinions on following an approach strictly (for the purposes of not being distracted or diluting one’s focus), relative to a more pick and choose mixed approach (trying to combine different strategies, to “diversify” so to speak)? Is this something to be aware of and stick to from the get go? Something that ebbs and flows over time as one shapes his/her portfolio? Thank you! Looking forward to learning more on TPB in this new year! PS The active vs passive skit still brings me a chuckle 😂🔥🔥🔥

[@jiayangli]

Thanks for the great information. Wow. I have been thinking lot about this doge coin and check my coinbase account tireless. It is a mental game

[@AK-hi4hm]

instructions unclear....went all in on bitcoin and ethereum 🌝🚀

[@franciscooteiza]

🚀🚀🚀

[@turkyturky6274]

Lol why all in now? Now is the time you want to get out. People dont understand, when its hot thats when you want to be selling it. When no one gives a shit about it, that when you buy it.

[@purplerings1969]

Lol. Get in or get out? Markets cant be timed! Stop timing the market. People invest in the companies that you think will be big in 5, 10 or 15 years. If people believe in cryptocurrency, why would they get out now? When bitcoin is no where near where they claim to go in the future. Same with investors in Tesla, why would people take profit when Tesla hasnt even finished a small % of their grand plans?

[@turkyturky6274]

@@purplerings1969 big dogs always get out, fools stay in

[@caorusso4926]

@@purplerings1969 the greats investors always try to time the market, its how they make money. You are a fool if you buy bitcoin at this high price

[@ignazlangeslagvanasselen4940]

thanks I really needed this video

[@aitorlopete3913]

Back with these badass intro's... oooh yeah !! like button for you just for that

[@iQinvesting]

Great video! I love the sober check list!

[@alwynjohn-thesimpleinvesto4730]

Great content my man!!

[@streetmagikesp8296]

Simply brilliant, thank you!

[@92AkshaySharma]

Can you please start a series of how to spot bargain stocks (UNDER VALUED stocks) or guide to some resources where I can put in research and spot good stock picks