Most people have FOMO when an investment goes up. Stocks, bonds, ETFs, whatever. I feel it in the opposite direction. When it goes down I feel the need to throw more money in.
I have all my finances automated following a zero-based budget strategy. I'm already maximizing investing.
I have different savings accounts and all of them have a purpose. One for taxes, one for planned spending, another one for discretionary spending, etc. However, these days that everything goes down I can't stop to have this internal monologue:
-What if I take some money from here and there and buy the dip? -No, I'm already investing a lot. -But now it's so cheap... -Stop looking...I need that money for the car and that money for the holidays, and that for... -Come on! Now it's even cheaper than before... -No. This is FOMO. I know it's FOMO. -Aaaaaaah
What do you do? Do you buy the dip? Did you buy the dip already?
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