W.Most Germans have always not been interested in draft papers. According to a survey by Postbank, the current crisis seems to be changing something. Accordingly, 28 percent of German citizens have invested money in stocks or funds since the outbreak of the corona pandemic. One in five toys with the idea of buying securities. Many banks reported an increasing number of new custody accounts.
In view of the turmoil on the capital markets caused by the crisis, this development may come as a surprise at first glance. After all, a price slide is always frightening, says Karsten Rusch from Postbank. “In March the DAX lost almost 40 percent of its value. Nevertheless, many investors have kept a cool head, held shares or even increased them. The reward followed immediately, as share prices recovered within a record time. “
In the representative online multi-topic survey currently commissioned by Postbank, a total of 1,039 respondents aged 18 and over were interviewed at the end of August. However, the increases are rather modest. Since the outbreak of the pandemic, 18 percent have kept their shares and fund units in their custody accounts or have continued to use savings plans. 7 percent increased their shares, 3 percent bought securities for the first time. Investors bought shares particularly frequently (62 percent), followed by ETFs (40 percent) and mutual funds (22 percent).
However, just under 4 percent of those surveyed who do not invest any money in the stock market plan to change this in the coming months. Far more are still undecided. The rise in share prices could have a deterrent effect, says Rusch, because there are fears that they have already missed the right entry point. He therefore recommends regularly investing fixed amounts through a savings plan. Thanks to the so-called average cost effect, investors receive more units when prices fall, while they buy a smaller number of securities when prices rise. Considered over a longer period, investors therefore pay a low average price.
Women, however, were reluctant: only 3 percent have bought more securities since the outbreak of the pandemic, among men it is four times as many. Only 1 percent of the female respondents got into the securities business, whereas five percent of men dared to take this step. “Women are generally more reluctant to invest on the stock market than men. And the current crisis will presumably increase investors’ greater need for security even more, ”says Karsten Rusch.