FOMO ETF-Did you know this is an actual ETF???
Dear ๐ฏ Friends,
Today I thought I might just post something interesting (quiz on whatโs your risk tolerance) & funny for a change since my last few posts have to been rather proper & contemplative ๐ We shall have some laughter amidst waiting for our ๐ portfolio to turn โ While writing my post yesterday for Daily Discussions, I realised that Tiger app suggested a FOMO stock & I was likeโฆ"Ermโฆseriously is there such a stock?" So I went to my best friend-GOOGLE & to my amazement, there REALLY is an ETF named FOMO ๐๐๐คฃ Below is some interesting facts about FOMO. Please remember to like my post after ๐Thanks loads ๐ค
ETF PROFILE: FOMO is an actively-managed fund that seeks long term capital appreciation by holding all-cap equities, SPACs, fixed income ETFs, volatility and inverse volatility ETFs and ETNs, and leveraged and inverse products.
โก๏ธ FOMO, from the phrase โFear of Missing Outโ, bets on the concept of investing in areas of the market that are currently in favor by retail and individual investors or currently trending, thus, avoiding โFOMOโ โ๏ธ
โก๏ธ This means that the fund can shift exposure to whatever happens to be trending at the time. In doing so, the fund utilizes a proprietary tactical model that evaluates market trends in various asset classes across different time frames.
๐ FUN FACT: FOMO is actually rated as better than 90% of ETFs (see photos)
I wonโt buy this ETF as SPACs are beyond my risk tolerance now ๐ค
What is Risk Tolerance?
โก๏ธ Risk tolerance is a measure of how much of a loss an investor is willing to endure within their portfolio.
โก๏ธ It considers how much market riskโstock volatility, stock market swings, economic or political events, regulatory, or interest rate changesโan investor can tolerate, considering that all of these factors might cause their portfolio to slide.
What is Your Risk Tolerance?
โก๏ธ https://njaes.rutgers.edu/money/assessment-tools/investment-risk-tolerance-quiz.pdf
Have some fun & get to know yourself better [Grin] [Eye] Fill in this short 5mins quiz to find out whatโs your risk tolerance. Share your result & whatโs your portfolio like in the comments!
I have a score of 27 indicating that I have an average/moderate risk tolerance. Quite accurate ๐ฏ I have a portfolio of 70% safe stocks & ETF & 30% riskier stocks.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- ElvisMarnerยท2022-07-06Thanks for your excellent post.1Report
- OldCatยท2022-07-06Please like this comment1Report
- Greg2021ยท2022-07-05FOMO... not one of them LOL1Report
- CYKuanยท2022-07-05thanks for your sharing [smile]1Report
- LMSunshineยท2022-07-05Come have some fun & do the quiz when uโre free! @SR050321 @BenjiFuji @Venus_M @ToughCoyote @markele2Report
- tuantaiยท2022-07-05really I am in a state of FOMO1Report
- ElvisMarnerยท2022-07-06Thanks for your excellent post.1Report
- Juliaaa11ยท2022-07-05Same. Favor safe stocks.1Report
- JaiVenkyยท2022-07-06noiseLikeReport
- RS142ยท2022-07-06๐LikeReport
- nskยท2022-07-06okay1Report
- hiiiinvestorยท2022-07-06niceLikeReport
- Tan Chung Hongยท2022-07-06๐ค1Report
- ivyteo6911ยท2022-07-05๐๐๐1Report
- CitrusLยท2022-07-05๐1Report
- Tijeromeยท2022-07-05Cool1Report
- AH8398ยท2022-07-05OkLikeReport
- JOHYยท2022-07-05Wow2Report
- OAHI3Wยท2022-07-05๐2Report
- Delzยท2022-07-05[Cool]1Report