Czechs and Romanians have greater investments than Poles

As part of the eToro survey conducted in 12 countries among 6,000 investors, they were asked about the value of all investments (excluding residential real estate and cash savings). It turned out that Poles have the lowest value of investments (shares, bonds, and other financial assets) from all surveyed countries – only PLN 108,500. Average investors from the USA can boast of much higher average investment levels –  PLN 763,500, Australia –  PLN 488,000, or the United Kingdom PLN 479,200. Germany also has much larger investments, amounting to PLN 390,800. Czechs also have more valuable investment assets in their portfolios – PLN 138,600, as well as Romanians, whose average investments are by PLN 4,300 higher than Polish.

According to Paweł Majtkowski, an eToro analyst, such a low position of Poland in ranking results mainly from low readiness to save in general.

"When we compare the amount of financial assets with the savings rate (this is the part of our income that we save in a given month or year), it is clear that Poles save the least, only 5.37 percent. For comparison, we assumed the savings rate in the fourth quarter of 2019, i.e. the last full quarter before the pandemic, as the savings rate was subject to significant fluctuations in the pandemic and do not reflect the actual propensity to save well. Our neighbors, the Germans, save as much as 18.5 percent, and the Czechs 13.3 percent of their income," Paweł Majtkowski noticed.

The results of the survey show that despite the influx of new investors to the market, our national habits prevail. According to the analyst, we do not have to look at the Germans who have the highest savings rate, but let's follow the example of the much closer Czechs.

"We also hold a lot of money in banks, and we are losing on it. In July 2021, holders of ending annual bank deposits with average market interest rates lost 4.67 percent on them," Majtkowski said.

(WBJ)