Three-quarters of Czechs regularly invest their money in savings and term accounts or stock funds. Most of those who do not invest their money now want to start doing so in the future.
Investing in stocks and real estate funds
According to the survey, 90 percent of people who invest their money use savings or time deposits. 38 percent of them put their money in equity funds. Bond funds, equities and real estate funds follow in the ranking of popular investment instruments. But the survey showed that people want to increase their investments in the latter two instruments over the next two years.
“A significant percentage of respondents seem to be aware of the impact of inflation on their savings. Thus, they want to change their strategy in the future and focus on investment products with higher potential returns, but also higher risk,” said Miloš Filip from RSBC.
Small municipalities invest the least
The survey shows that people living in municipalities with 1,000 to 5,000 inhabitants are the most likely to invest money, while people from cities with less than 1,000 inhabitants are the least likely to invest. The most frequent investors are middle-aged people with higher incomes. “The survey data confirms a number of general assumptions – for example, that people with higher disposable income and higher education invest in the stock, bond, and real estate funds,” Filip said.
Of the people who are not investing now, most are planning to start in the near or distant future. Those who are not considering it usually justifies their decision by saying they do not understand investments or do not have any money to spare.
Source: The Czech Press Office