"I will be tough but french are not encouraged to invest in shares."
You're not tough but just realistic :). Due to all the fact you shared.
Additionally: people (including financial "advisors" in bank that are more salesman indeed) prefers life insurance or real estate. French people love so much the real estate.
Stock market has a very bad view from the average joe. A mix between random casino and "for the rich".
Fees by banks are heavy, big bank portfolio managers have poor performance and not a lot of people knows about ETF or good fund manager. Bad result + real estate focus + lack of financial literacy and motivation make a difference with a lot of western countries especially the US.
"I will be tough but french are not encouraged to invest in shares."
You're not tough but just realistic :). Due to all the fact you shared.
Additionally: people (including financial "advisors" in bank that are more salesman indeed) prefers life insurance or real estate. French people love so much the real estate.
Stock market has a very bad view from the average joe. A mix between random casino and "for the rich".
Fees by banks are heavy, big bank portfolio managers have poor performance and not a lot of people knows about ETF or good fund manager. Bad result + real estate focus + lack of financial literacy and motivation make a difference with a lot of western countries especially the US.
Agreed! I have nothing to add!!