🥤Chasing trends and following bad advice from social media
My biggest mistake this year is FOMO participating in a frenzy over $GameStop(GME.US$ back in January, resulted some funds being tied up.
I cringe at misinformation out there surrounding investing and finances in general, especially on social media. Somehow, feel pressured and fear of missing out on investing certain trends😔
I learnt that it is best to invest passively through index funds such as $S&P 500 Index(.SPX.US$ $Vanguard Long-Term Corporate Bond ETF(VCLT.US$ $Dow Jones Industrial Average(.DJI.US$ and watch portfolio grow over time. 🍬
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