FOMO Investing
By Srikruth Reddy “Is everyone making money but you?” I t’s a tranquil Saturday afternoon; you thanked your professor and closed the MS Teams application, concluding your online classes for the day. You reach for your phone, and involuntarily, your fingers slide to Instagram to look at your scantily familiar online commune. You see a multicoloured ring around your classmate's profile picture and click on it to see what he is up to today. The story appears to have a screenshot of his investment portfolio’s rallying trendline. He captions it, “650% return!! Onwards and upwards!!!!!”. Good for him, you think and slip to the Insta reels section. Uninterested by a few daft dances, you keep scrolling, only to find a finance guru to lock your interest. He attempts to provoke your interest in a specific cryptocurrency by showing off his $2 million portfolio. He remarks how people who aren't investing in crypto are choosing to stay poor. The next day at your family rendez...