Stocks beyond myths

It requires a great deal of boldness and a great deal of caution to make a great fortune, and when you have got it, it requires ten times as much wit to keep it’ Nathan Mayer Rothschild. Financially strangled, uncertain future, and hopelessness. These words best describe the struggling class of Pakistan. Savings only in the form of real estate, gold, and foreign currencies make sense to Pakistanis. According to a recent 2023 Gallup survey, 61 per cent of Americans own stocks (directly or through mutual funds). Meanwhile, the International Organisation of Scientific Research Journal of Business Management found that only 0.14pc of Pakistan’s population holds a capital markets account, highlighting a stark lack of widespread financial engagement. Mass public involvement in capital markets breaks monopolies and boosts the country’s future financial prospects.