
Fear missing out on seeing a new phone? Here's when you should resist upgrading
I consider myself a tech enthusiast, and I can always come up with multiple reasons to convince myself why my current phone isn't as good as the latest one. In fact, sometimes even budget phones seem more appealing than my daily driver, which costs significantly more.
If you're someone like me, here are a few things to consider before the fear of missing out (FOMO) takes over your credit card.
Most people think about upgrading when their current phone is broken. But the definition of 'broken' varies. For some, it means a completely unusable device; for others, minor cosmetic damage might qualify as 'broken'.
If your phone has a cracked display or shattered back glass, an upgrade might make sense, especially if it's old and the repair costs aren't worth it. But if the device is relatively new, repairing it could be a smarter choice.
Before making a decision, think twice; better yet, sleep on it.
It's easy to assume that the latest phone is better. But that's not always true. Take the S-Pen on the Galaxy S25 Ultra, for example – it's actually a downgrade from the one on the Galaxy S24 Ultra. If you rely on specific features, the newer model might not meet your needs, despite being newer.
There are valid reasons to upgrade, like poor battery life or lack of storage. While display, performance, and cameras have improved, the difference isn't usually dramatic unless you compare them side by side.
With most phones no longer offering expandable storage, a storage upgrade could justify buying a new phone. The same goes for battery life. Recent smartphones, even in the budget and mid-range segments, offer big batteries and fast charging that outclass phones just a year or two old.
Sometimes, people upgrade just because they're bored. If that's the case, consider getting a new phone case or a skin. It can refresh the look and feel of your device without burning a hole in your wallet.
Many exclusive AI features on high-end smartphones can be replicated on almost any modern phone using third-party apps and a good internet connection. I'm yet to see a must-have AI feature that truly justifies an upgrade, and this comes from someone who's tested nearly every major phone released in recent years.
And when you do decide to upgrade, don't just stick to one brand. Look at what the competition is offering. You might get better features and value from a different brand at a lower price.
Of course, you should upgrade when it truly makes sense. Just don't fall into the trap of buying a phone just because a brand tells you to. Ask yourself what real value the new phone adds over your current one. If it's worth it, go for it, just make sure it's your decision, not the marketer's.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Economic Times
17 minutes ago
- Economic Times
Fed likely to hold steady, but September rate cut hopes hinge on data: Seth R Freeman
So, it is positive. It is actually very much related to enthusiasm for AI and the efficiencies coming from AI. "The other aspect that the Fed is looking at is employment rates. So, there is a possibility, the Fed is certainly getting a lot of pressure from the administration, but the chairman has been quite clear that that they are characteristically looking at data and so it may be a little too early. It kind of depends how things look here in the US right after Labour Day," says Seth R Freeman, GlassRatner Advisory. Tell us there are a lot of cues to watch out for as far as Wall Street is concerned, we have a lot of earnings coming out. We also have the important FOMC meet. Now, most of us are expecting the rates to be held steady and the Fed has conveyed this in no uncertain terms despite the pressure coming in from the Trump government. But it is really the commentary that we will be watching out for the hopes of a rate cut perhaps in the month of September. Is that on the cards? Is that talk going to be on the table? Seth R Freeman: Well, that the situation may be, the viewpoint may change now that the deal has been struck with the EU and this concern about what the real effect of tariffs would be here on the US economy. The other aspect that the Fed is looking at is employment rates. So, there is a possibility, the Fed is certainly getting a lot of pressure from the administration, but the chairman has been quite clear that that they are characteristically looking at data and so it may be a little too early. It kind of depends how things look here in the US right after Labour Day. Let us also talk about the IT sector if you could. Now in the US all these major tech companies including the likes of Meta, Microsoft, Amazon they are going to report their earnings this week. So, first up, what is your expectation there and also if you could help us with your stance on the Indian IT sector given the kind of slowdown that we have seen and we are also hearing about workforce cutting, the announcements coming in from TCS. So, what kind of impact do you see from the AI spending going up? Seth R Freeman: Well, at the end of last week, Google was indicating that its business is very robust and really starting to get some payback from AI and there has been a concern that AI would and the fact that you can do searching for example and you get an AI result that maybe you do not have to dig around for different links and that is going to hurt advertising revenue. But I am actually expecting the earnings announcements to be fairly positive across the sector. Certainly, investors think it is going to be positive because look at the gains we have had in the S&P 500 and the Nasdaq. So, it is positive. It is actually very much related to enthusiasm for AI and the efficiencies coming from AI.


Mint
21 hours ago
- Mint
Investors are flocking to the stock market's discount rack
Next Story Hannah Erin Lang , The Wall Street Journal Pricey tech heavyweights send some individual investors in search of bargains. Traders on the NYSE floor. Stock pickers aim to find undervalued, and overlooked, potential gems.. Photographer: Michael Nagle/Bloomberg Gift this article As recently as April, Chase Goodman plowed his extra savings into funds linked to stock-market indexes dominated by the world's biggest technology companies. Lately though, the Detroit-based 29-year-old analyst at an auto company is reading corporate filings and tracking where the shares of companies trade relative to their book value. As recently as April, Chase Goodman plowed his extra savings into funds linked to stock-market indexes dominated by the world's biggest technology companies. Lately though, the Detroit-based 29-year-old analyst at an auto company is reading corporate filings and tracking where the shares of companies trade relative to their book value. 'I'm looking for companies that are cheap," said Goodman, gushing over two of his recent picks: Photronics, a supplier for chip makers, and consumer-lender Medallion Financial. No one will ever confuse Medallion for one of the so-called Magnificent Seven tech companies. But after months of trading in response to the latest economic and geopolitical headlines, the mosaic of stocks that comprise the market are beginning to flash their differences. And individual investors like Goodman are taking note, eschewing megacap tech stocks for undervalued, and overlooked, potential gems. Yes, investors and analysts say, it is fun—and possibly rewarding—to pick stocks again. 'It's been this macro story, and most stocks are up having nothing to do with company management or earnings or sales," said Michael Kantrowitz, chief investment strategist at Piper Sandler. 'It has not been a stock picker's market, and I think it will be going forward." Sky-high valuations on the market's tech heavyweights have left investors in search of less-expensive alternatives. What's more, the Trump administration's trade policies haven't affected all companies the same way, creating winners (and losers) for research-driven investors to discover. Stocks in the benchmark S&P 500 index are moving less in lockstep now than at any point since February, when the market was still rallying on the results of the 2024 presidential election. Sam Yocum, 57, watched the rally in big tech stocks and began to grow skeptical that the artificial-intelligence boom that underpinned their rise was fully justified. In recent weeks, he picked up additional shares of power providers Duke Energy and Edison International. 'It's getting this kind of '90s, dot-com bubble feel to it," said Yocum, a California-based private-equity executive. 'I will be looking for other opportunities…the basic, fundamental good-value companies." He isn't the only one skeptical of richly priced tech stocks like Nvidia, Microsoft and Broadcom, whose shares are looking expensive relative to their earnings. Valuations are high in the broader sense, too: As of Thursday, the S&P 500 was 22.5 times its expected earnings over the next 12 months, according to Dow Jones Market Data, compared with a 10-year average of 18.8. Analysts note that valuations themselves can't predict market movements, and stocks can trade at high valuations for long periods. 'That being said, this is a massively, massively expensive market," said Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management. Traders are watching for other signs of market froth as well, including speculation in meme stocks and a cryptocurrency frenzy that has driven the price of bitcoin to records. Some analysts warn that the recent wave of optimism stands at odds with a number of unresolved risks on the horizon in the latter half of 2025: The specifics of tariff policy aren't yet finalized, and the Trump administration's self-imposed Aug. 1 deadline for striking deals looms. There are also early signs that U.S. policies are lifting the inflation rate, which could prevent the Federal Reserve from making much-anticipated interest-rate cuts later this year. 'Stocks are not showing any fear about tariffs, they're not showing any fear about policy uncertainty related to stability or instability in Washington, they're not showing fear any longer about inflation," Shalett said. 'This is a market that's pricing [in] Goldilocks." Picking the 'right" stocks might not help investors avoid losses should the market endure a broad selloff. And hunting for bargains remains less popular than chasing the fastest-growing market names: Investors have added $25 billion more than they have pulled from value-oriented stock exchange-traded funds so far this year, according to Morningstar Direct data, compared with about $47 billion of net inflows into growth ETFs. But some investors are done chasing the crowd. Angel Diaz, a quality systems auditor in Lubbock, Texas, has been trimming his holdings in the Magnificent Seven companies since the start of the year, though they once made up more than half of his portfolio. Instead the 64-year-old said he is opting for less popular names such as AES, a utility, and Two Harbors Investment, a real-estate investment company he recently purchased for its quarterly dividend. 'I don't want to be dependent on the Mag Seven performing as they have in the past," Diaz said, adding that stability has become more important to him than growth as he nears retirement. 'I'll keep myself invested in the market, but at the same time take a lower-risk approach with less volatility." It's a good time to be a stock picker, he said, 'if you're doing your research." Write to Hannah Erin Lang at Topics You May Be Interested In Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.


Economic Times
2 days ago
- Economic Times
Meme-Stock Roar Fades on Wall Street as Retail Finds New Thrills
Meme stock surges, once symbols of rebellion, now elicit indifference as retail speculation becomes routine. It was once a symbol of rebellion against the well-heeled Wall Street establishment. Today, it's just another day in markets. This week proved the point. Opendoor surged 43% in a single day. Krispy Kreme rallied 39% in a matter of hours. GoPro briefly spiked 73%. Reddit message boards lit up once again with rocket emojis and call-option bravado. Yet it wasn't the magnitude of the surges that mattered — but the indifference they met. Customary warnings about speculative excess fell on deaf ears. What once felt seismic now feels like a normal part of daily trading — another episode in a US financial system where bursts of retail speculation are routine, expected, and largely unremarkable. By the end of the week, with the quick rallies faded, the broader market ended with modest moves after a record-setting run. Meanwhile, crypto — once cast as the financial resistance — continued its steady march into the mainstream. A new blockchain-based project involving the likes of Bank of New York Mellon Corp. and Goldman Sachs Group Inc. was announced. Crypto funds posted their biggest four-week cumulative inflow ever. Michael Saylor's Strategy clinched another $2.8 billion in capital markets to fund additional Bitcoin buying. Taken together, the week offered a broader lesson: retail-driven speculative behavior no longer signals generational angst or post-pandemic distortion. It has instead become a settled feature of the current cycle. Short-dated options are part of the retail toolkit, trading platforms span everything from sports betting to complex stock bets, and manic episodes rarely require justification to take hold. Peter Atwater, an adjunct professor at the College of William & Mary who studies retail investors, said the current wave of activity reflects a shift in both market sentiment and investment toolkit. Meme stocks trading, he says, has lost its sense of novelty — and that's precisely the point. 'We've normalized memeing,' he said. 'There's a yawn to it now.'In Atwater's view, the most aggressive traders have already moved on to riskier frontiers – digital tokens, leveraged ETFs, prediction markets — while meme stocks have become more of a cultural rerun. 'It's like 30-year-olds dancing to music 20-year-olds used to party to,' he meme stocks can rip without stimulus checks, lockdowns or zero rates isn't especially surprising anymore. It is, in its own way, a marker of the moment: everyday speculation, embedded in the architecture of modern markets. Contracts that expire within 24 hours made up a record 62% of the S&P 500's total options so far this quarter, according to data compiled by Cboe Global Markets Inc., with more than half of the activity being driven by retail trading.'This generation is far savvier about options and market structure,' said Amy Wu Silverman, head of derivatives strategy at RBC Capital Markets. 'While my generation was perhaps taught to 'buy a house' this one knows to 'buy the dip.''It's not happening in a vacuum. This week earnings season offered few surprises. Tariff deadlines slipped again. Noise from the White House blurred into the investment backdrop. The S&P 500 climbed 1.5% on the week and closed at a record high. And in the end, a group of volatile stocks became yet another playground where regular investors aimed to quickly turn a profit, often by cornering short sellers or leveraging options. Opendoor Technologies Inc., capped a six-day winning streak with a 43% pop on Monday. The following days saw stocks with high short interest such as Kohl's Corp., GoPro Inc., Krispy Kreme Inc. and Beyond Meat Inc. surge intraday then pare into the close. Competition for gambling dollars is more brisk than it used to be. Since the post-Liberation Day selloff, a Goldman Sachs basket of the most shorted stocks has jumped more than 60%. In credit, CCCs, the riskiest tier of the junk bond universe, are on track to rack up a seventh week of gains. Crypto funds took in $12.2 billion in the past four weeks, their biggest cumulative inflow for such period, according to Bank of America Corp. citing EPFR Global data. US leveraged-loan market just had one of its busiest weeks ever with junk-rated companies rushing to reprice their borrowings multiple while the latest frenzy was reminiscent of 2021's pandemic-era burst, there were a few key differences. This week's action was fleeting, lasting one or two trading days before petering out. Concerted campaigns in the options market played a smaller role. More than half of the top 100 stocks in the S&P 500 index were trading with inverted one-month call skew in 2021, a sign of bullish intent, according to Cboe. This week it got only as high as 21% for the group.'The market makers and institutions have really adjusted to this phenomenon,' said Garrett DeSimone, head quant at OptionMetrics. They're 'able to hedge their risk and they know how to price these options in across these scenarios,' he it signaled anything, enthusiasm for memes is more evidence that an ever-more-empowered retail cadre is a fact of Wall Street life that isn't going anywhere, at least not soon. 'I don't think it's the beginning of a new trend, but it is very interesting to watch because it speaks that the retail investor really wants to be involved in this market,' said Jay Woods, chief global strategist at Freedom Capital Markets. 'This is bullish. This is not bearish. This is not significant of a top.'