Would you buy $NVIDIA Corp(NVDA)$ because of FOMO?
For some retail investors, trading Nvidia or its options is too expensive. Additionally, in the context of a crazy surge, everyone is afraid of buying at the top.
So if you don't buy Nvidia, how would you explain to your child not buying NVDA when it was under $100?
Here are some good reasons:
Because the price was too high and I couldn't afford it.
I sold too early and didn't buy back when it rose too rapidly.
It was overhyped and I thought might end up like $Cisco(CSCO)$.
Some investors say that expectations on Nvidia are insane, and the more it goes up, the less likely you're to make any money. Even if my child asked me in the future, I would tell them that not buying Nvidia was the right choice.
If Nvidia's stock price dropped below $100 after a stock split, would you buy it?
But a more likely scenario is that it reaches a higher price before a split. In pre-market, NVDA is already approaching $1100.
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Comments
better to buy something that you need, you like than to follow the trend which may not be to your liking.
if the company is worth investing in, FOMO or not, you will invest in that company because you think it's worth investing in.
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If Nvidia's stock price dropped below $100 after a stock split, would you buy it?
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"Back then, it was all about assessing risks and opportunities. We didn’t know it would skyrocket. It's like not buying every cool toy because you never know which one will be a hit. Plus, we had to prioritise paying off the mortgage. Making smart choices based on what you know is always key."