Which of the following traits is commonly found in spontaneous investors?

Spontaneous investors typically exhibit traits that reflect their impulsive decision-making style concerning investments. Among these traits, the tendency to achieve below-average returns is a common characteristic. This phenomenon arises from their inclination to make hasty investment choices without thorough analysis or consideration of market fundamentals. Such investors may react to market trends, news, or tips without adequate research, which often leads to poor investment performance over time.

This impulsive nature leads to a lack of strategic planning or long-term vision, resulting in investments that do not align with sound financial principles. Their decisions are often driven by emotional responses or short-term satisfaction rather than a disciplined approach to investing. As a consequence, the returns they accrue frequently fall below those of more methodical and research-oriented investors who adopt a more structured approach.

In contrast, traits like long-term commitment, conservative strategies, and detailed research are typically associated with more disciplined and strategic investors. These attributes are indicative of a thoughtful investment strategy where risks are evaluated, and opportunities are pursued based on comprehensive analysis rather than spontaneity. Thus, while spontaneous investors often chase immediate gratification, their overall returns tend to be subpar as a result of their approach.