Bull run: Don't ride FOMO wave

The sensex and Nifty are at record highs, causing retail investors to consider investing. However, industry experts warn against investing impulsively due to recency bias and herd mentality. It is important to consider past events and future situations. The sensex has only given a little over 10% return in the last year and two years. Other assets like gold and Bitcoin have provided higher returns. The right strategy for retail investors is to set investment goals, timeline, and invest through the SIP route. Wealth managers also caution about potential volatility due to the upcoming Lok Sabha polls.