As I was sweating my ass off in the gym squatting away the sin of eating one too many pineapple tarts during the Lunar New Year…
My trainer asked, “What do you think about buying Super Micro Computer Inc stock and Solana coin?”
I flipped, slammed the weights on the ground and hulk smashed him.
Well… at least that’s what I did in my head.
Instead, I racked the barbell like a perfect gentleman, and asked “what do you know about them?”
He shrugged his shoulders and said a lot of his friends invested in them and made some money.
You see… There’s nothing that drives people to do irrational things more than watching people around you make effortless quick bucks.
I’m starting to see a lot of stupid things go up not because of fundamentals, but because of investors FOMO, is eerily reminiscent of 2021. It was a time when irrational exuberance tests our resolve, pushing investors towards speculative gambles rather than informed investments.
But remember, periods like this are when you and I need to clench on tightly to rationality in the financial markets.
The latest fads have priced in all the hopes and dreams of investors chasing after overnight riches and are priced to the moon.
But the only thing I’m willing to pay up for are Taylor Swift tickets.
I abstain from paying up when the market is going crazy. And I’m a ferocious buyer when everyone is fleeing for the exit.
Remember, you are investing to grow your wealth long-term, not a speculator. In moments of insanity like this, stay rational.
Thomas
P.S.
If you haven’t heard:
The Steady Compounding Investing Academy 2024 arrives tomorrow.
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Keep an eye out for my email tomorrow.
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(To be sure you don’t miss out, hop on the waitlist by clicking here)
moments before I ‘smashed’ my trainer
