FOMO can be an overpowering emotion but shouldn't drive investment strategy gettyOf the 51 years I’ve been on this planet, 1999 in particular sticks out. We urged them not to get caught up in the euphoria surrounding tech stocks and to re-allocate to bonds and value stocks as their investment strategy dictated. Our Current SituationThere is a story that John D. Rockefeller sold out of the stock market just before the 1929 crash after hearing stock tips from his shoeshine boy. A 20-year-old family member who works in retail has recently opened a Robinhood account and asked me for stock tips. A case-in-point is Alan Greenspan’s warning to investors of “irrational exuberance” in the stock market.

Source: Forbes February 17, 2021 14:23 UTC