Statements made by people (those who think they understand Investing, but most likely they don’t) 👇🏼…. (Returns mentioned are for a gold mf)
1 yr return 50% —
Oh oh, I missed this rally ‘or’ I understand Investing (TIMING) & I knew it, so I bought Gold a yr ago (I’m a genius investor)
3 yr CAGR 30% —
See, I told you so…We should have invested in Gold (and so, I’ve done it — no other soul knows the reality, if one has bought it or not //// and in what quantity)
5 yrs CAGR 16% —
Fantastic Investment, equities are not worth it (Only Gold delivers super returns forever)
13/14 yrs CAGR 9.2% — Gold is the best investment in life. Nothing beats it (The genius investor doesn’t even know this CAGR)
If FOMO (fear of missing out) drives us stepping into a landmine; the FOBO (fear of a better option) drives us into never taking a step forward
in reality, neither FOMO not FOBO are of any help
As the old Nike slogan goes…. Just do it (do as it seems fit & suitable to your need)