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| Published: December 31, 2024

The Relationship Between Mental Health and Life Satisfaction among Speculators and Investors in Stock Market

Balaji Uttamrao Bhosikar

Research Scholar, Department of Psychology, Kavayitri Bahinabai Chaudhari, North Maharashtra University. Google Scholar More about the auther

, Dr. S. S. Rane

Ex Principal, Dr. Annasaheb G.D. Bendale, Mahila Mahavidyalay, Jalgaon, Maharashtra. Google Scholar More about the auther

DIP: 18.01.277.20241204

DOI: 10.25215/1204.277

ABSTRACT

The present study explores the relationship between mental health and life satisfaction among stock market speculators and investors. A sample of 120 participants, aged 25 to 35 years, was selected using a stratified random sampling method. Data were collected through a structured questionnaire incorporating the Mental Health Inventory (MHI) and the Life Satisfaction Scale (L-S Scale). Pearson correlation analysis was employed to determine the strength and significance of the relationship between the two variables. The results indicated a strong positive correlation (r = 0.82, p < 0.01) between mental health and life satisfaction, suggesting that individuals with higher mental well-being reported greater life satisfaction. These findings align with prior research indicating that financial activities significantly influence psychological well-being. The study highlights the importance of psychological resilience in financial decision-making, emphasizing the role of financial literacy and mental health support for stock market participants. The results suggest that integrating mental health awareness into financial planning can enhance overall well-being. The study contributes to the literature by demonstrating that stock market participation has profound psychological effects, which should be considered in investment advisory and policy-making strategies.

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Balaji Uttamrao Bhosikar @ bhosykar@gmail.com

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Article Overview

ISSN 2348-5396

ISSN 2349-3429

18.01.277.20241204

10.25215/1204.277

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Published in   Volume 12, Issue 4, October- December, 2024