Knowing your personality type can help you avoid common investing pitfalls and maximise your profits. In the last of this investing personalities series, we take a closer look at two more temperaments: the showy peacock and the high-flying eagle.
Words by Budget Babe
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Peacocks are the life of the party, and as a friend, the Peacock can infuse much excitement and enthusiasm into your life. Peacocks are optimistic, spontaneous, impulsive, embrace change, and love the thrill of a fast chase. Unfortunately, however, their lack of attention to details and impatience are probably some of the worst traits when it comes to investing.
When it comes to choosing stocks, Peacocks love hearing about hyped stocks that everyone else is talking about. If the majority of people believe that a stock is good, Peacocks tend to be quick to purchase such stocks before properly studying the company’s financials and data. In fact, they may not even look at these details at all, as Peacocks get bored …read more