Have you ever heard of the acronym "FOMO?"
It stands for "Fear of Missing Out." We've all experienced it: Our kids take a vacation with their in-laws and you wish you could've been the one to take them and make fun family memories. Or you say "yes" to yet another club or charity because you don't want to miss out on the opportunities and relationships it could bring... meanwhile, it puts a big strain on your schedule. These days, FOMO is often exacerbated by social media sites like Facebook or Instagram.
FOMO is natural.
Most humans want to avoid missing out on potential positive outcomes. Plus, we're naturally social creatures who often compare ourselves to those around us. We all know this behavior can lead to unhappiness if we're not careful.
Don't let the election stir up financial FOMO in you.
Election times are known for causing uncertainty in the markets which may mean some down days until the dust settles... We're not strangers to this. If people around you talk about the negative impacts this policy or that policy may have on investment portfolios, just remember it's not wise to make adjustments based on what you think may happen (aka trying to time the market). Your TVAMP advisors meet with you to adjust your portfolio periodically based on your unique goals while keeping an eye on the overall economic outlook. So don't worry about missing out on anything! It may feel like a "boring" approach but disrupting your investment plan could cost you big time.
If you want to talk anything over or ask questions, feel free to call in!
We decided to continue the acronym fun in the section below. Hope you enjoy and find some useful information.