The Relationship of Financial Wisdom and Investment Decision: An Evidence from Pakistan

Abstract

This study will assist the literacy rate financially in the decision to invest in Pakistan. This also brings to mind the connection between financial literacy and the impact of different factors that may affect the decision to invest. The questionnaire was used for the collection of data that is related to demographic factors that may affect the decision of investment. Individuals may have an interest in the Karachi stock exchange, the biggest exchange in Pakistan. The data was collected for 163 respondents, and the outcomes sure showed that the financial literacy of the investors was significant. The difference in financial literacy among the respondents work and merit list was the condition of the respondents. In the end, the results indicated that there was a significant negative impact on the financial literacy, which was at the 20% level. It also shows that most of the factors from financial statements in the state of industry remained.