The stock exchange in Poland breaks records, but Poles do not invest. Why? Prof. Jajuga responds

The WIG index has exceeded the magical 100,000 points and foreign media write about us. Meanwhile, there is no shopping fever on the Polish financial market. Professor Krzysztof Jajuga explains why Poles are still keeping savings in banks, not on the stock exchange – and what prevents the capital market in Poland to really start.

The WIG index has recently exceeded the psychological level of 100,000 points – an event that did not escape not only domestic but also foreign media. In many countries, this result causes real euphoria among retail investors. In Poland, however, surprisingly few individual investors decide to buy shares. How is it possible that with such good capital market results, Poles prefer to keep money in banks?

“Of course, people are fascinated by some numbers, thresholds. This is such a nice message – so it must be reflected in the media, also worldwide. However, with us, I would say a bit perversely that Polish investors do not buy – it may be good, because if they were buying, then maybe you would have to sell” – in this way Krzysztof Jajuga from the University of Economic University of Economics answer the question of Andrzej Stec, editor -in -chief Bankier.pl.

“The capital market does not play a role with us as important as in the United States or Great Britain, where financing the economy takes place primarily through the stock exchange,” emphasizes the expert. In Poland, the banking system dominates, and stock market investments often take place indirectly – through investment funds.

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