We’ve all met that one guy who pontificates endlessly about the “fantastic” investments he’s made that year. He always seems drawn to the hottest and latest trends. You don’t fully believe him, but it still makes you feel a bit of dread at the thought of being left behind.

On this episode of the Retire Sooner Podcast, Producer Mallory joins Wes in the studio to explain why a fear of missing out on the FOMO Freddies of the world is typically not worth the energy. Though his bluster may temporarily cloud your judgment, it doesn’t change the reality that consistently and patiently following the five key principles for successful investing can often provide a significant opportunity for you to achieve the financial freedom you seek.

Wes and Mallory discuss the probability of similar long-term returns for different investment styles, such as value, growth, quality, and minimum volatility, when investors incorporate diversification, patience, and discipline into those financial strategies. They underline the importance of understanding your risk tolerance and finding an investment style that fits your temperament so that you can endure for the long haul, no matter how “spectacular” FOMO Freddy claims the current craze to be.

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