Bulls, Bears and Butterflies
Different people have different levels of tolerance for risk. I personally have a very low tolerance and, after losing money in a number of different speculative stocks over the years, have come to accept that I am not a person who does well with anything that involves losing money. I am much more comfortable with conservative, safe investments and am willing to be patient if it saves me the anxiety that goes along with high risk situations, financial or otherwise. If that means hibernating while the rest of the pack runs with the bulls, so be it. I will happily snooze away all the while.
Bulls are the aggressors among us. Willing to charge on empty and take down their prey. In a real estate market like this, they are the ones scooping up properties in distress and banking on the possibility that they can turn a quick profit on some undervalued assets.
Bears are the quiet ones, waiting patiently and watching what others do. Cautious, perhaps even timid at times, these folks don’t mind letting the bulls race past them and sometimes scoff at the foolhardy way in which they act with such abandon. Slow and steady wins the race is the credo of this lot. They will lay in wait until just the right moment to raid the honey jar and then relish every sticky bite.
Butterflies are flitty and undecided. They come and go looking for nectar, taste a little and flutter away taking refuge in the trees until they are ready to come back down and explore some more. Their temperaments are delicate and they quickly shy away from danger. Tough to pin down, they tread lightly in making decisions or commitments. They are tempted easily into a courtship but will not stay long and it takes a great deal of patience to sit and wait on them.
You probably know at least one of each of these personality types. No matter what your mentality, there are others who will approach the market in a different way. The vast majority of us seem to be sleepy bears right now but I admire those who are willing to jump in and take a risk. As for the butterflies among us, they may just be to flighty for any market but we have to appreciate their contributions, for once they were lowly caterpillars. Had they not had some wit or wisdom, they would have been shoe gum a long time ago.
Recent San Diego Sweet Digs Posts:
Huge Reductions on San Diego Homes – Walmart’s Not the Only One With Falling Prices
Jaw Dropping Deals – Single Family Homes Priced Under Market
Monday Madness – Eating Lemon Grove, Part 2
Debutante’s Ball – Come Dance With Me
