Poles are afraid of stock exchanges. They prefer bonds and real estate

Poles are afraid to place their savings on the capital market – he says Pie in the latest edition of their weekly. Only 4.5 percent Household assets are located in actions.

“Poland is a country in the EU characterized by one of the highest levels of savings accumulated in the form of cash and deposits, with poor interest in the capital market. At the end of 2023, cash and deposits constituted a total of 78.4 percent of the total financial assets of Polish households, while the actions listed in the GPW markets reached the level of 4.5 % An instrument in the capital market segment. – informs the Polish Economic Institute in the latest edition of “Tygodnik Pie”.

Analysts of Pie among the reasons for low interest in the stock exchange among individual investors in Poland mention Lack of trust in the capital market and financial institutions. At the same time, bank deposits are seen as a safe product offered by an entity trustworthy, which is the bank.

“Another barrier to investing on the stock exchange is The reluctance of individual investors to take risks in a situation of attractive alternatives, which include bonds and real estate. Tax preferences in relation to the stock market occur in the face of both categories of assets. In the case of bonds, this happens if their purchase takes place via a pension account (IKE or IKZE). In the case of real estate, tax exemption from investment in real estate after five years or in the case of investing in another property and the applicable lower tax rate of rental income ” – wrote PIE analysts.

They added that Poles are also afraid that they have insufficient means to invest in shares. In addition, they point to their too little knowledge, which can translate into the loss of their resources. The results of the study carried out at the request of the Warsaw Institute of Banking and the GPW Foundation were quoted in Tygodnik Pie. respondents assessed their knowledge of the stock exchange as a large or rather large one. In turn, only 32 percent respondents have heard about actions and can characterize this type of assets.

“The problem of insufficient knowledge and proper education in the area of ​​investing is also revealed in other countries. According to a study conducted in 2022 for the World Economic Forum (WEF), among the inhabitants of nine different countries (including the US and China), 40 percent of the respondents decided to resign from investing because of the lack of knowledge on how to do it. In turn, about 70 percent of all people participating in the study would invest. or more, if they were previously educated at a higher level.

ms/ drag/