It might seem absurd that there is any relationship between your testosterone levels and your financial decision making.
However, a study two economist at the University of California called Boys Will Be Boys: Gender, Overconfidence and Common Stock Investment, showed that men trade shares 45% more often than women, which actually brings down their net earnings, as compared to female investors. This behaviour of aggressive investment could be attributed to high levels of testosterone.
High testosterone levels have been linked with higher confidence in men, says Men’s Health Digest, a site dedicated to providing unbiased reviews on male enhancement supplements, such as Extenze & Erectzan and Hardazan Plus. And Wall Street is definitely a high testosterone work environment. Did you know that during the financial crisis of 2008, there was an increase in the number of patients in the clinics across the US, with 90% of those patients being Wall Street executives? These people were lining up to get a testosterone boost.
The key is to maintain balanced hormonal levels, which can easily be achieved through the use of natural male enhancement pills. Here’s a look at how your financial decision making can be impacted by low testosterone.
Risk Management
You need to be calm and objective to ensure optimal risk management of all your investments and other financial decisions. However, this definitely isn’t the case in Wall Street, where high testosterone fuels aggressive trading and investing. Risk managers were confidant in their quick investment decision making capability, which inadvertently leads to their doom. Quick decisions don’t always guarantee better returns and that’s what happened in 2008.
A recent study of 2.7 million personal investors revealed that during the 2008-2009 recessions, men were much more likely than women to sell any shares they owned at stock market lows. Males were more confident in their financial acumen but failed to ensure risk management.
Short Term Gains or Losses
The thrill of investing is not something to be taken lightly. Traders thrive on the adrenalin rush of watching the markets move. This is because the brain is flooded with dopamine during such time, which in turn drives higher testosterone levels. But when our investment fails, the dopamine level falls, as does the testosterone.
When the financial crisis of 2008 occurred, it led to many cases of depression, infertility and erectile dysfunction. There weren’t that many medications available in the market that were FDA approved and even hormonal therapy didn’t have any scientific backing. Nowadays, however, you can find some excellent natural erectile dysfunction (ED) products, which not only help balance hormone levels but also improve overall health.
However, before using any natural male enhancement pills, make sure you check the ingredients, dosage and side-effects from a reliable site. With hormone levels in check, you might just make a success of your investment decisions.
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