Key insights
- The post reflects a retail investor's skepticism and fear of missing out (FOMO) amid a rising market. It highlights the psychological barrier for some investors to enter the market despite holding significant cash. This sentiment, while not a direct market driver, can contribute to continued inflows if risk aversion diminishes, potentially supporting further market gains.
As someone who grew up in a culture and family who was fearful of stocks and was told you cannot create something from nothing, I have always been skeptical of stock market and did not invest like I should have. Graduating around 2008 crisis also colored my perception. Now I have a bunch of savings that are just sitting in cash but I am afraid to buy stocks because the market seems so risky. And yet every day the market just keeps going up and people who were not worried and just bought stocks keep getting richer and richer. Is the stock market an infinite money glitch ? Where does this new money come from ?