Brian Diffily and Brian Hartmann take a look at the real impact of making (or not making) decisions based on what headline drama. They focus on the importance of holistically evaluating financial decisions instead of following the herd!
Key Topics:
FOMO investing means decisions driven by fear of missing out
Clients in their 30s and 40s are most susceptible to FOMO
Real investable money without crash experience leaves this age group exposed
Social media shows only wins, never the losses behind them
Short term social pressure often beats long term financial goals
Loss aversion and recency bias create a herding instinct, not strategy
Ask, would I buy this if no one else were talking about it?
A cooling off period of a week or two curbs impulse decisions
Checking decisions against written goals makes the plan an anchor, not a cage
Bringing FOMO urges to a trusted team prevents costly mistakes
The best portfolios are often the most boring ones
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