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Do you have FOMO when you invest?

Everyone experiences FOMO, which is the Fear of Missing Out on various aspects of life, but it’s crucial to resist it when making investment decisions. In today’s post, we will learn why I made that statement.

FOMO stands for “Fear of Missing Out.” It’s when people feel anxious or worried about missing out on something exciting or profitable. When we make decisions solely based on FOMO, it can lead to impulsive choices that might not align with our goals. So, remember, while it’s okay to feel FOMO, it’s essential to have strong willpower and stick to your long-term plans.

Mutual fund, ETF or Index fund?

Funds basics: part 2

There are mainly four main types of funds. These are mutual funds, exchange-traded funds or ETFs, index funds, and hedge funds. We will learn how these three funds are similar and how they differ from each other. I think it is good to know their characteristics because often people don’t know the distinction and use them interchangeably.

Where do I invest and when do I start?

In my previous post, I wrote about the various types of assets you can use for investment. To have a diversified portfolio, you should invest in a variety of assets.
Diversification can mean two things -The first is diversifying within the same asset class. The second is having different asset classes in your investment portfolio.