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OBI 2018: Polish investor more and more similar to German

OBI 2018: Polish investor more and more similar to German

created Paweł MosionekDecember 12, 2018

The Association of Individual Investors presented the results of the 16th National Investor Research. This time, 3912 people took part in the survey. How does a statistical Polish individual investor look like? He is a middle-aged man with a university degree. He has been investing in his spare time for 8 years. It has 7 companies in its portfolio and holds shares for one year.

Pole (almost) like Germany

Over the years, a certain trend can be seen among respondents. With each edition of our survey, the profile of a Polish individual investor looks more and more like an investor from Germany. Poles, however, are not equally involved in company meetings or general meetings. There are more differences, but it must be admitted that they are becoming more and more blurred.

Polish Investor German Investor
  • on average 41-42 years
  • has been investing since 8 for years
  • to 7 companies in the portfolio
  • holds shares for up to one year
  • does not participate in the GM
  • 56 on average
  • has been investing since 22 for years
  • has approximately 19 shares in its portfolio
  • invests long-term in shares of dividend companies
  • participates in the GM and meetings with management boards of companies

The Pole creates the most responses as a person who invests after hours without allocating more than 1 hours a day. He does it on his own account and without the help of third parties, and for this purpose he allocates slightly over 50 000 PLN.

investors research capital

source: Stowarzyszenie Inwestorów Indywidualnych

In what, and how, we invest

The respondents' answers clearly indicate WSE shares (up to 81,2%). Bank deposits (24,2%) were in second place and New Connect shares (22%). Forex took only the fifth place with the 14,9% result. However, it should be remembered that SII, which is the author of the study, specializes in the stock market.

At the end of the entire list of instruments, a new item appeared - cryptocurrencies. As many as 6% of the respondents, i.e. over 230 people, declared that they invest in this type of asset.

The study also poses a question about the investment time horizon (in the context of the action). The dominant answer is "to year" (43,3%), and "Over a year" (39,5%). Is this the result of consolidation on the WSE? Day-trading, which is certainly the most popular in the context of Forex / CFD, was marked by only 4,2% of respondents.

time horizon

source: Stowarzyszenie Inwestorów Indywidualnych

We invest. Even though we don't trust ...

An exceptionally interesting element of the research is the indication by the respondents of the weakest features of the domestic capital market. The leading answer for many years is Belka tax, but in the second position this year was the answer "Market crimes". It was chosen by 36,6% (1434 from 3918 people), while last year only 20,8% gave this answer.

In the question about enrollment in the PPK (Employee Capital Plans), the vast majority declared that they would not do it. When asking why - over 50% expressed a lack of trust in state solutions.

This clearly shows how little confidence we have in the domestic capital market and the ideas presented by the government. Will anything be able to change this, especially in the face of the ongoing "KNF scandal"?


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About the Author
Paweł Mosionek
An active trader on the Forex market since 2006. Editor of the Forex Nawigator portal and editor-in-chief and co-creator of the website. Speaker at the "Focus on Forex" conference at the Warsaw School of Economics, "NetVision" at the Gdańsk University of Technology and "Financial Intelligence" at the University of Gdańsk. Twice winner of "Junior Trader" - investment game for students organized by DM XTB. Addicted to travel, motorbikes and parachuting.