The article explores the impact of FOMO (Fear of Missing Out) on young investors in India during the COVID-19 pandemic. Kanishk and others turned to stock trading, influenced by social media euphoria following a market rally. Initial experiences were positive, with many amateurs, including Ishan Shah, reporting easy profits from random stock selections. However, they soon faced reality as the market bubble burst in September 2024, resulting in substantial losses. The narratives highlight the allure and risks of investing in a volatile environment, particularly for inexperienced retail investors drawn in by hype.
Kanishk noted that the surge of social media influencers showcasing profitable stock trades during COVID-19 sparked his initial interest in investing, driven by a fear of missing out.
Ishan Shah reflected on the euphoria of the market during the pandemic, admitting he bought stocks randomly based on tips, yet found himself consistently earning profits.
Saloni Puj took a more cautious view, being fully aware of the market bubble, yet felt the allure of the booming stock market was undeniable.
The article covers the experiences of three new retail investors navigating the stock market frenzy during the pandemic and the subsequent fallout when the bubble burst.
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