Investing FOMO and its real cost

FOMO: A state of mental or emotional strain caused by the "Fear Of Missing Out".

FOMO is quite an apt term that succinctly spells out how we feel a lot of the time. There's travel FOMO when you sit in your office cubicle and scroll through Instagram feeds of your friends (and strangers) in exotic locales. There's food FOMO when you see a long line at the bak chor mee stall but you have no time to join in our national sport of queuing up for good food.

Then there's investing FOMO - when you choose to remain in cash while waiting for the stars to align and find the perfect moment to enter the market.