The stock market is a risky place to put your investments. Gold and bonds can be invested in this platform. Its return can be auspicious especially if the economic trend is soaring high. However, if the market goes down, it is indeed a sad day for the traders as there is a possibility that they’re going to lose a lot of money. It can significantly affect your bank account balance and even their retirement savings. However, in some cases, this does not only change moneywise but the person’s overall wellbeing as well. (For some, the effect is so bad that they need online therapy for immediate support and help.)
There is a report compiled from 1983 to 2011 on California traders wherein the reasons for them having an anxiety attack or panic episode is due to the returns of the stock exchange. When the market is not doing so good, hospitalization admission soars up. These visits to the hospital by stock traders during those years were due to depression, anxiety and panic attacks.
But those are considered “minor” incidents involving stock traders and their mental health issues brought about by a crash in the stock market. In 1929, the stock market hit rock bottom. It was reported in the New York Times back then that the event caused suicide among the traders. The suicide rate continued to soar after the news broke out and as the stock market continued to flop. It was marked as one of the worst stock market meltdowns in history. The report was pretty disturbing the only attributable cause to the trending suicide events was because of the stock trade going down.
Since then, researchers are looking into the relationship between stock market fluctuating rates and the suicide rate trends among stock trader. It is not also a secret that lots of traders and stock market capitalists have invested their money and their savings in the market. Researchers proved that fluctuating rates could affect a trader’s emotional stability since their money or savings is at stake. They have become hopeless and helpless with the fact that they lost their money or other people’s funds, as well, they would instead choose death by their own hands. Because of this notion, mental health professionals are creating ways to stop the suicidal tendencies of traders.
It is very alarming to know that the trend is true to both genders and in 36 countries around the world.
Happiness, Money And Mental Health
People can become happy because of material things. This is a fact. What they can buy, where they can go, and what they can do which involves using a significant amount of money can deliver short-term happiness. Yes, money has a great impact on people’s happiness. However, money is NOT life itself. It is just one aspect or needs in life, but it is not an independent factor.
Economic instability can come in, true. Businesses will close, and recession can be experienced. Those involved in the stock market is also vulnerable to this kind of drastic change. When this kind of situation takes place, people would usually resort to vices like drinking or drugs because they are upset or angry. If done habitually, it can lead to depression or worse, suicide.
The stock market doesn’t guarantee a win-win game for traders and investors. Thus, when the market goes down, their mental health also declines and they lose all hope. Psychological distress is widespread, and it is linked to economic instability. It is expected that people would get depressed, but they can resort to therapy and medication. Losing a lot of money over a risky money making platform (stock market) is indeed a terrible feeling, but suicide shouldn’t be an option.
Because of this event, the stock market has made innovations to prevent their traders from getting shocked by the trading trend. They initiated red flags or warning signs where the trader would have the foresight of what’s going to happen and has the opportunity to make amends with his investment. Options to amend their investment include withdrawal or limiting their investment amount. In this way, a lesser loss would be experienced on the part of the trader. The trader would not feel so sad and down of his loss.
This conclusion also coincides with the advice of financial experts in the trading industry. They revealed that their moods were much affected by the ups and downs trend of the market as well. Studies and interventions in the mental health field have already been made for this. They are also improving the healthcare system for these cases so that the affected person would get the professional help they need to overcome these mental health conditions, as associated with stock market trading.