Most impatient investors live in Chile, Russia and Italy
The Financial Times, citing research by Deutsche Asset & Wealth Management, conducted a study and made a top-list of most impatient investors in the world, as reported by Lenta.ru.
Deutsche Asset & Wealth Management determined the patience of investors through surveys. In particular, market players were offered to choose whether to receive $ 3 thousand now or $ 3300 a month.
In addition, researchers suggested investors to assess «fear of loss». To do this, they were asked to name a profit they could be satisfied with when investing, knowing that in 50% of cases, they would lose a hundred dollars. It was found that people in Hong Kong and Poland named the largest amount, while those in Australia, New Zealand and Luxembourg offered less than others.
Deutsche Asset & Wealth Management believe that their study helps to explain the high volatility of trading in countries with more impatient investors. In addition, they noted that Hong Kong and Poland are home to investors who respond more sharply to changes in the market: they are more likely to withdraw money from investment funds in bad market results.
In total the study involved six thousand investors from 53 countries.
