I was shocked when I took a marketing course and learned that engendering FOMO is a flagrant practice to get people to compulsively purchase something. That education made me aware of this ubiquitous manipulative tactic, further motivating me to rebelliously live a simple life.
When I first got into buying silver back in 2011, I FOMO'D hard, buying with conviction all the way up from $20 to $45. Then it crashed to below $20 and I realized how dangerous FOMO is.
Ever since, I've followed some very simple rules to avoid FOMO.
I was shocked when I took a marketing course and learned that engendering FOMO is a flagrant practice to get people to compulsively purchase something. That education made me aware of this ubiquitous manipulative tactic, further motivating me to rebelliously live a simple life.
You can still feel It even though you are aware of it which is crazy 😎
When I first got into buying silver back in 2011, I FOMO'D hard, buying with conviction all the way up from $20 to $45. Then it crashed to below $20 and I realized how dangerous FOMO is.
Ever since, I've followed some very simple rules to avoid FOMO.
For gold and silver:
Buy when everyone is selling.
Hold when everyone is buying.
Sell when it's the apocalypse.