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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Why are Sri Lankans continuously loose money in the stock market

Why are Sri Lankans continuously loose money in the stock market

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ice4083


Senior Equity Analytic
Senior Equity Analytic
Lets face it, majority of Sri Lankan investors that invest in the stock  markets here are not very good at it, looses money in the long run, and few would lose even their properties. My reasoning is based on long years of observation of the a typical Sri Lankan investor. 

1. Education System. - Our education system does not equip us to invest or to take charge of our own money. This education system is geared more towards finding people "jobs" to do at a steady monthly income. 

2. Culture - we rely too much on gossip, small talk and friends to get investment advice and making important life choices. 

3. Not relying on data - We generally are not data driven, even when we do we are selective of the data we want to use without checking sources or cross referencing it and doing proper background research. 

3. Part time job : For most people investing in shares is a part time job, while they do something more important during the rest of their time, and rely too much on our luck and good fortunes to make a return.  

4. Lack of proper regulations in the market: Investors know this and they want to follow the so called star investors who seems to have an edge over the others. 

5. Emotional Maturity: Lot of us are ready to press the panic button without making informed decisions and not been able to keep our heads up even in the worst of times;

6. Lack of experience : There is no substitute for this, in my view, in frontier markets. Average age of our investors are much less than the developed markets. 

7. Penny wise, pound foolish: Not knowing when to cut your losses but keep holding on and lamenting about a book loss for years to come and losing more opportunities.   

8. Lack of discipline : like every craft, a certain amount of discipline and skills are needed to do something like investing in the share markets and to do it well. 

9. Commitment: Not willing to invest time to read, focus and talk specifics and most importantly not willing to learn from others. Most of the time egos get in the way of sound judgement.  

10. Not being humble enough:  when we make mistakes, not to justify them or blame others, but to learn from it. This is the best lesson most people get at a huge cost but forget at the expense of a paper qualification.

The current downturn is an good opportunity to go back to the drawing boards for everyone who lost money to see what we can do better the next time.

Junior investor

Junior investor
Manager - Equity Analytics
Manager - Equity Analytics
to make profits in stock market, it's 30% knowledge and 70% luck

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@ice4083 wrote:Lets face it, majority of Sri Lankan investors that invest in the stock  markets here are not very good at it, looses money in the long run, and few would lose even their properties. My reasoning is based on long years of observation of the a typical Sri Lankan investor. 

1. Education System. - Our education system does not equip us to invest or to take charge of our own money. This education system is geared more towards finding people "jobs" to do at a steady monthly income. 

2. Culture - we rely too much on gossip, small talk and friends to get investment advice and making important life choices. 

3. Not relying on data - We generally are not data driven, even when we do we are selective of the data we want to use without checking sources or cross referencing it and doing proper background research. 

3. Part time job : For most people investing in shares is a part time job, while they do something more important during the rest of their time, and rely too much on our luck and good fortunes to make a return.  

4. Lack of proper regulations in the market: Investors know this and they want to follow the so called star investors who seems to have an edge over the others. 

5. Emotional Maturity: Lot of us are ready to press the panic button without making informed decisions and not been able to keep our heads up even in the worst of times;

6. Lack of experience : There is no substitute for this, in my view, in frontier markets. Average age of our investors are much less than the developed markets. 

7. Penny wise, pound foolish: Not knowing when to cut your losses but keep holding on and lamenting about a book loss for years to come and losing more opportunities.   

8. Lack of discipline : like every craft, a certain amount of discipline and skills are needed to do something like investing in the share markets and to do it well. 

9. Commitment: Not willing to invest time to read, focus and talk specifics and most importantly not willing to learn from others. Most of the time egos get in the way of sound judgement.  

10. Not being humble enough:  when we make mistakes, not to justify them or blame others, but to learn from it. This is the best lesson most people get at a huge cost but forget at the expense of a paper qualification.

The current downturn is an good opportunity to go back to the drawing boards for everyone who lost money to see what we can do better the next time.

Fully Agreed

DOCSAGENCY


Equity Analytic
Equity Analytic
stock market is not all about luck. its a probability game with knowledge. if you have known basics of stockmarket, your winning chance is around 60-80%.

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
this topic is vast ...to make it simple ..dont invest all your cash in stocks ! invest small amounts from your savings so if the mkt goes down still you will have holding power ! just a thought

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