Hi all,
I am very new to the world of investing and am unsure how to properly manage a situation in which an asset you passed on is seeing significant gains.
The situation can be summed up as follows:
- You review asset X but are not ultimately intrigued by its potential for whatever reason
- A short time later, asset X sees major rise in price
In this situation, without allowing FOMO to bias your decision, what would it take for you to buy into asset X at its now premium price?
I am unsure when to admit my initial (unscientific) idea of asset X's valuation was off and re-visit it as an investing opportunity without being suckered in and buying high.
Given we can't predict the future I suspect this will be a fairly rough decision to make. Any advice on making this decision and dealing with the mental consequences is appreciated!
Submitted December 21, 2017 at 03:22AM by sillyquestionsacc http://ift.tt/2BIFSLj
