How to Avoid FOMO in Gold Market Volatility

How to Avoid FOMO in Gold Market Volatility - Currently, a multitude of investment instruments have emerged in the digital world. With this abundance of options, many people feel overwhelmed by the variety of investment options available.

Even friends, neighbors, and relatives are currently interested in investing in various platforms, especially those that are widely available among various age groups.

If you have spare cash unused for daily living expenses, it's a good idea to invest in various instruments. The sooner you invest, the better, as investing can lead to financial freedom in the future.

Recently, an investment phenomenon has emerged that has been widely discussed. Yes, that's right, this type of investment that is currently skyrocketing is called gold.

There are two types of investment in the gold bullion segment. One is physical gold and the other is non-physical (digital). There's no significant difference between the two, with the only difference being ownership.

With physical gold, users can buy and sell it personally and freely, as long as they have tangible assets in their possession. Unlike non-physical gold, where you can invest in digital gold with another party, buying and selling it without having to have concrete proof of ownership, both prices still follow the general global market.

To avoid the fear of missing out (FOMO) syndrome when investing in gold, avoid buying at the peak of price euphoria. Instead, use the dollar-cost averaging method (buying regularly/in installments), set long-term goals (over 5 years), and, of course, use a safe fund.

Understand that gold is a safe haven, not a get-rich-quick scheme, and focus on officially registered gold bullion.

Below are some ways to avoid the fear of missing out (FOMO) syndrome when investing in gold:

1. Apply the Dollar Cost Averaging (DCA) technique, which means avoiding large purchases at once when prices are rising drastically. Buy in stages (for example, every 2nd of the month) to get a better average price and avoid the risk of buying at the highest price.

2. Use "Cold Funds": Ensure the funds used are not for daily necessities or emergency funds. Gold investments should be made with funds that will not be used in the near future.

3. Understand long-term goals: Investing in gold is most effective for long-term periods (over 5 years) to combat inflation, not for short-term speculation.

4. Avoid buying during euphoria/peak prices: When gold prices soar, this is often followed by a downward correction. Also, avoid buying solely based on trends on social media platforms.

5. Choose gold bullion, not jewelry: Gold bullion is a safer investment because its price follows market share (without the high manufacturing costs associated with jewelry).

6. Ensure official permits: When purchasing digital gold, ensure the platform is licensed and supervised by the Financial Services Authority (OJK) or the Commodity Futures Trading Regulatory Agency (Bappebti) to avoid fraud.

7. Avoid Using Debt: Avoid purchasing gold using borrowed funds or debt, as short-term price fluctuations can disrupt your cash flow.

By carefully planning and understanding that gold bullion will always be available in the global investment market, you can buy at the right time without feeling like you're following a trending trend.

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