Though we have evolved as human beings over the last several thousand years, when it comes to the bear market, some of our thinking is reminiscent of caveman behaviors, according to Michael Lieberman, Partner with Advisor Capital Management.
In this informative abstract, Michael takes us through five common bear market behaviors that turn us back to caveman thinking.
They are:
- Fight or flight – packing it in when conditions decline
- The tribal elder – taking advice from a seemingly wiser source (like Twitter)
- Looking to the stars – trying to find patterns where none may exist
- Fear of regret – doing what feels comfortable rather than taking the risk
- Life expectancy – focusing on timing the market rather than a long-term investing plan
Download this valuable tool today to learn more about how investors unknowingly practice caveman thinking in a bear market.