Uploaded June 2020 | Updated September 2026, 1 day ago
FOMO? what is it and how it will affect your stock portfolio.
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Ok now FOMO. Hear what I am going to tell you a little story before I explain what it is. The story is just so you can tie in what I am saying.
Unless you just start watching my videos then you know I love the stock market and I love following it up. Mi am always looking at different companies to see where I can make some profit. Today we going to look at a company in Insurance. Based on the companies on the stock market that are in the insurance industry KEY insurance used to be the one with the best price but General Accident overtake them some time now. But this price going down steadily as times go by. Now Grace Kennedy decide to buy out KEY even the directors said that selling was the best option for investors. So some people sold and some people still held their shares but long and short of the story Grace got what they wanted.
So by March 31 Grace was in charge of the board takeover complete. The price for the stock was 2.5 On April 1. By mid may the price was almost $10. Well we can see clearly that the investing public believe that GK will turn Key around Fine. But to date they haven’t had the chance to do anything. The audited financials released in May show them making a loss of over 280M and for the quarter that end March 350M and corona not even did in a full swing yet.
So with prices going as high as $10 in Mid-May would you believe May close under $5? So what happened? Everybody was speculating about what was going to happen with key and driving up the prices. If I had key stock then you know I would be one of those persons driving up the prices too. I didn’t buy into Key when I saw the prices going up as I never believed it was sustainable and it didn’t even take 2 month to get an answer.
I believe it’s safe to say majority of the buyers between April and May were suffering from FOMO. The Fear of Missing out. Now this chart here is a 3 month chart from the Jamaica stock exchange it shows how the prices have been moving since March to now. Now you can see where the prices just shot up right here between April and May and look where they are now and still falling. Now where the prices are spiking is where a lot of persons decided to buy in.
If you were one of the investors that paid between 9 and $10 right now you have lost about half of your investment. This is why I always say to invest from an informed position. Check the financial for the company you are thing about getting key has not been performing for a while now one of the major problems that they have is the ballooning claims expense. So there is no way that GK is going to come and fix everything in two months. It is going to take time, Rome wasn’t built in a day. Yes with grace backing them they have a lot of capital behind them but just like us grace didn’t invest to lose. So they are not going to be pumping money in to fix the losses all at once. Now even if Key doesn’t crawl out of its rut which I doubt will happen GK can stomach this loss. It going to give them a bad year or couple of years but that’s about it. Can you safely say that you can stomach the loss also? This is why you have to invest after you get your own information and attach a price that you are comfortable in paying. Me I was never comfortable paying $4 for Key but that is my view.
So what I am trying to say is not because you see everybody running for a stock means that you should join. I thing you can be sure of with everybody running to the stock the opportunity to make some good profit just went down. Now if you have bought KEY before the stampede to $10 and you got a good price now would probably be a good time to buy back in if you believed in the stock from the first place. Herd mentality and investing don’t work can’t make any money like that
Thanks for Watching. Here are some of my other videos
5 Things I learned on my first investment - youtube.com/watch?v=JwvGR_KDYzY&t=01s
Investing 101 | A beginners Guide - youtube.com/watch?v=cdeKv8rgRNw
#jamieradcliffe #fomo #fearofmissingout
Disclaimer: All views expressed here are my personal opinions, and intended for educational purposes only.
FOMO? what is it and how it will affect your stock portfolio.
Follow Me On Instagram: bit.ly/2YdEjk2
Follow Me On Twitter : bit.ly/3cHgLtg
Ok now FOMO. Hear what I am going to tell you a little story before I explain what it is. The story is just so you can tie in what I am saying.
Unless you just start watching my videos then you know I love the stock market and I love following it up. Mi am always looking at different companies to see where I can make some profit. Today we going to look at a company in Insurance. Based on the companies on the stock market that are in the insurance industry KEY insurance used to be the one with the best price but General Accident overtake them some time now. But this price going down steadily as times go by. Now Grace Kennedy decide to buy out KEY even the directors said that selling was the best option for investors. So some people sold and some people still held their shares but long and short of the story Grace got what they wanted.
So by March 31 Grace was in charge of the board takeover complete. The price for the stock was 2.5 On April 1. By mid may the price was almost $10. Well we can see clearly that the investing public believe that GK will turn Key around Fine. But to date they haven’t had the chance to do anything. The audited financials released in May show them making a loss of over 280M and for the quarter that end March 350M and corona not even did in a full swing yet.
So with prices going as high as $10 in Mid-May would you believe May close under $5? So what happened? Everybody was speculating about what was going to happen with key and driving up the prices. If I had key stock then you know I would be one of those persons driving up the prices too. I didn’t buy into Key when I saw the prices going up as I never believed it was sustainable and it didn’t even take 2 month to get an answer.
I believe it’s safe to say majority of the buyers between April and May were suffering from FOMO. The Fear of Missing out. Now this chart here is a 3 month chart from the Jamaica stock exchange it shows how the prices have been moving since March to now. Now you can see where the prices just shot up right here between April and May and look where they are now and still falling. Now where the prices are spiking is where a lot of persons decided to buy in.
If you were one of the investors that paid between 9 and $10 right now you have lost about half of your investment. This is why I always say to invest from an informed position. Check the financial for the company you are thing about getting key has not been performing for a while now one of the major problems that they have is the ballooning claims expense. So there is no way that GK is going to come and fix everything in two months. It is going to take time, Rome wasn’t built in a day. Yes with grace backing them they have a lot of capital behind them but just like us grace didn’t invest to lose. So they are not going to be pumping money in to fix the losses all at once. Now even if Key doesn’t crawl out of its rut which I doubt will happen GK can stomach this loss. It going to give them a bad year or couple of years but that’s about it. Can you safely say that you can stomach the loss also? This is why you have to invest after you get your own information and attach a price that you are comfortable in paying. Me I was never comfortable paying $4 for Key but that is my view.
So what I am trying to say is not because you see everybody running for a stock means that you should join. I thing you can be sure of with everybody running to the stock the opportunity to make some good profit just went down. Now if you have bought KEY before the stampede to $10 and you got a good price now would probably be a good time to buy back in if you believed in the stock from the first place. Herd mentality and investing don’t work can’t make any money like that
Thanks for Watching. Here are some of my other videos
5 Things I learned on my first investment - youtube.com/watch?v=JwvGR_KDYzY&t=01s
Investing 101 | A beginners Guide - youtube.com/watch?v=cdeKv8rgRNw
#jamieradcliffe #fomo #fearofmissingout
Disclaimer: All views expressed here are my personal opinions, and intended for educational purposes only.
