Acronyms actually. I remember the first of these that I learned in college – BYOB. It was included in various party invitations (Bring Your Own Booze) as well as matter of policy in certain dry Texas counties where you could attend a members-only club where the ownership would serve a set-up but not the alcohol required for your favorite cocktail.
Then there was BOGO. I think that I learned this one on the Internet from e-commerce sites advertising 2-fer sales – Buy One Get One free. That was a decade or two ago, how the time flies.
Then came FOMO. This one came into my ken perhaps a decade ago – the Fear Of Missing Out. I have never experienced this one – truth be known. Still, when I was younger, rushing through adolescence as if it was an unnecessary stage of human development, I missed out on many things. I was oblivious if not fearless.
Today, Susan and I were discussing the improving markets and how our nest egg has gradually improved during this period of Bidenomics. We are still well behind our financial position prior to the COVID Apocalypse, but things are looking up. I told Susan that we were still a couple of hundred thousand dollars below our portfolio’s POMO.
“POMO?” she asked. “Point of Maximum Orgasm,” I replied.