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Why You Shouldn't Rush to Invest in Energy Just Yet

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If you have energy sector FoMo as an investor right now, read on for some tips to help smooth out the frazzle.

Why do I feel this way?

Before getting caught up in the emotion of the financial moment and alternating your investment strategy, a better approach can be to get to the heart of why you're feeling what you're feeling. Here are some questions to ask yourself:

  • Do you have financial goals or aspirations that feel way off with no proverbial "light at the end of the tunnel?"
  • Are you concerned about the types of stocks you are invested in and their impact on the environment or considering more environmentally friendly sectors such as green energy?
  • Are you feeling less rewarded in the here and now because of your investment and financial prudence?
  • Is worry about the future keeping you up at night or preventing you from enjoying yourself in the present moment?

A sound grasp on what you feel will help you make the rational, informed decisions you might not otherwise consider.

 

What practical steps can I take right now?

The safer way to satisfy your curiosity often begins with speaking to a financial professional. That honest conversation that addresses investing FoMo can help to put things into perspective. Working together, you can examine possibilities, review your investment profile, examine your goals and progress, and build a solid plan for moving forward. You can also explore sensible opportunities that quell your FoMo while keeping you on the right track.

Important disclosure information

This content is general in nature and does not constitute legal, tax, accounting, financial or investment advice. You are encouraged to consult with competent legal, tax, accounting, financial or investment professionals based on your specific circumstances. We do not make any warranties as to accuracy or completeness of this information, do not endorse any third-party companies, products, or services described here, and take no liability for your use of this information.

  1. Krauskopf, Lewis, "U.S. energy shares on fire again to start 2022,stoked by inflation," Reuters. Published January 13, 2022, accessed June 6, 2022. Back
  2. MarketWatch, "SP500.10 | S&P 500 Energy Sector Index," accessed June 6, 2022. Back
  3. SEC.Gov, "SEC.gov | Thinking About Investing in the Latest Hot Stock?" Published January 30, 2021, accessed June 6, 2022. Back