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FOMO (or Fear Of Missing Out) is more than just a cute acronym when it comes to your investments. The impact of FOMO can be severe, primarily because it’s driven by an emotional response to feeling left out while everyone else is (seemingly) making huge returns. And as most of us know by now, making investment decisions out of emotion can be detrimental to your long-term investment returns.
South African investors shouldn’t expect the same level of returns from US markets going forward, given the current state of the S&P 500, where returns are unlikely to match those of the past 10 years. Instead, investors should set their sights on local soil as emerging markets – including South Africa – are predicted to outperform developed markets over the next decade.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?