We've all studied the traditional finance theory that you should choose the highest return for the same level of risk, most people are generally risk adverse.
I find that when it comes to my investments, I am pretty conservative mainly investing in equities through mutual funds, ETFS, sometimes individual stocks. I don't get into anything too complex.
But I find that I am kind of the opposite when it comes to gambling, and stuff like that. I basically play lotto and slot machines (where I live they are basically in almost every bar in town) pretty frequently going to the casino etc.. The find the joy I get from winning, even like $50, is way more than my disdain at losing smaller amounts, which is kind of the opposite of risk adverse behavior I exhibit when investing money. Maybe just due to the relative scale (much more invested versus gambled)
Maybe I am just bored and need something more exciting to happen during the day? I don't gambled uncontrollably, and nothing I can't easily afford, usually tiny amounts in terms of my total budget for a pay period, but maybe there's some addictive factors taking hold too?
Does anyone notice this in different aspects of their life, exhibiting one behavior in one area while kind of acting complete opposite in another?
I'm a pretty peaceful sort of guy, slow to anger, thick skinned. On the other hand, I box*.
You know what always gets me? Going to a crowded bar late at night on a weekend and look at all the 'professionals' getting absolutely shit housed, irresponsible and crazy and then realize that these people are the same ones responsible for making sure corporate America runs on Monday. If that doesn't scare you, I don't know what will. (Disclaimer: Chances are, I'm probably in that fray of people)
Itaque reprehenderit et molestiae laboriosam assumenda. Vel doloremque quis voluptas possimus nesciunt. Error asperiores at consequatur accusamus. Magni neque eveniet tempore officia fuga rerum est. Ratione ut enim tenetur vitae sint in. Quae praesentium illum omnis id.
In sint accusamus velit optio sed eum voluptatem. Molestiae eius cupiditate ut et tenetur ducimus ipsam.
Et esse iste voluptatem tenetur nobis magnam laborum. Nihil ut repellendus voluptates esse. Culpa voluptatum minus inventore assumenda quis dolor deserunt et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...