Investment Portfolio Strategy: Building Wealth Through Sound Investments

For those with 10 million won, it's better to focus on the main job rather than investing in stocks, aiming to increase self-worth and build an investment package.

### Building a Diverse Investment Portfolio: Insights and Strategies for Different Budgets
* 💰 For individuals with 10 million won, the advice is to **focus on increasing their own value first**, rather than immediately investing in stocks.
* 📊 Even those with 100 million won are advised to start with **one or two stocks**, and diversify only after reaching **almost 10 billion won**.
* 📈 The importance of **industry trends and potential mega trends**, such as **AI and Japan's digital transformation**, is highlighted for **long-term investment success**.
* 💼 The text emphasizes the need to **prepare and execute carefully** when entering the investment market, rather than **rushing into it**.
* 🔍 It is recommended to create **multiple investment bundles** and continuously study **different companies and industries**.
* 💭 Mental management is considered crucial, with the suggestion to **focus intensely on stock trading during challenging times** and **avoid seeking opinions from others**.
* 📆 The importance of **long-term planning and preparing for future investment opportunities**, even if they may not be immediately available, is stressed.
* 🎓 The text concludes with the idea that investors must always be **humble and continuously learn**, even when facing challenges.

I conquer one sector per week. Please come through the Wise Club's fixed comments. I'll ask you a question. This is actually what I'm most curious about. There is no clear answer, but still, I really want to ask. It's about portfolio strategy. For example, if you have exactly 10 million won, how should you prepare your portfolio? How should you prepare your portfolio? First of all, Bitcoin. How many Bitcoins can you buy with 10 million won? Yes, we received a lot of questions like that. But it's just a matter of changing numbers now. What can you do with 10 million won? What about 100 million won? What about 30 million won? There are many questions like this. We don't ask about 1 billion because that's a lot, so adjust it to your own standards. That's usually the standard for writers and PDs. Oh, we called 10 million won too low. It's actually 5 billion.

If you have 5 billion won, you don't ask for 5, that's not the case. It's too obvious that you don't have it. Well, that's true. If I had 5 billion won, what would you ask me to do? You are richer than me. Hey, I'll teach you. That's what I'm doing now, right? So, let's start with 10 million won first. Because young people can save up if they work hard. That's right. Then you can save up within a year and afford it if you save diligently within a year. For example, if you have 10 million won. Now we need to think in terms of a portfolio concept. How should we do it? Yes, yes. This might spoil the book, but yes, if you have 10 million won, it says not to invest. Oh, you're talking too fast. Right now, 10 million won is not money. So, what kind of investment can you make with 10 million won?

Should I do it? Ah, indeed, mixing words with the DJ on public broadcasting can cause trouble. KBS never does this. Oh, that's why he has credibility. Rickga, oh, it's someone else. There, it's 2 to 5, and here, it's different. It's a big deal. Oh, here, they like 2 to 5. It's not that they like it. Why do those people act so quietly there? What's the story? Well, having 10 million won, of course, you can invest. Because the minimum investment amount for stocks is really low among assets, that's a big attraction. But why do I say not to do it? Because those who have 10 million won probably need to study now or are in a stage where they need to learn hard for work. Then what should they do with the money? How should they invest in stocks? How should they build a portfolio? During that time of thinking, actually, in the end, the goal of investing is to make a lot of money, right? Yes, yes, it's about making money for oneself.

Raising the price of the body seems like a much better way. In my opinion, I wrote in this book like that. By studying hard and investing, a person with ten million won leaves work early, so I'm not a person who works overtime, but I leave work early every day, and after receiving a monthly salary, I study personal finance. The profit rate was really high, 20%, after 5 years, it doubled. I earned ten million won. However, when the boss looks at that person, he might think, Oh, this person is now trying to save money for himself, so the salary might not have increased. Right? But let's say a rookie in the fourth year has a salary of 30 million won. If you save one million won out of 30 million won, and save it for 5 years, you will have 50 million won, so if you double that, you earn about 100 million won. But another friend, well, I am now.

It doesn't seem like the right time for this, but it's a word that says, Let's raise the value of my body, know what I like, and live hard. So my salary has increased a lot. It went up to 3,000, 4,000, 5,000, 6,000. Just by breathing, there's 2,000 left. This person, who didn't invest at all, didn't even get a raise of 30 million won in salary, so in a way, there are many people who are trying to sell investments. People who are trying to do side jobs, it's okay to maintain the main income, so let's earn money with the rest. My friend works hard, changes jobs once, gets scouted, receives bonuses, and ends up with tens of millions of won left. The size of that money is much bigger when you live like this. So when it's 10 million won, if I really like investing, I study investing, but if not, for those who just want to make money, it's better to focus on the main job.

And so, when talking like this, oh, this guy, he tricked us with this table of contents, he's trying to provoke us. What should we do with the 100 million won in the table of contents? Also, among those who have 100 million won, some might think they should work hard on stocks, while others might think they shouldn't. I have divided them again. Those who want to work hard on stocks have curiosity and a risk-taking tendency. Those people actually need to have one or two stocks. Even those who have 100 million won, when you look at people who have become wealthy, they don't have ten different stocks even with 100 million won. They don't have that. They might go for funds or something like that. Even with 1 billion won, they don't take many. In my opinion, they start diversifying after reaching almost 10 billion won. But how do you create a bundle? It's meaningless. I have really studied stocks diligently, thinking that I can definitely win every year, that I will definitely make money.

Find a dog and try to take a picture with mean words, even if you make a lot of money, you will learn a lesson there very fiercely. But I'm afraid of investing in stocks. For those people, I recommend investing in ETFs. Among ETFs, I have written in detail about what kind of ETF to invest in. In fact, Warren Buffett and Charlie Munger always diversify their investments because you don't know. They have also made many comments like this. From that perspective, whether you have 100 million or 1 billion, it should suit your preference. And for young people, it's important to first increase their value. That's right, that's right. So, what I mean is, before you try something, just like in broadcasting, you need to explore.

I have been doing daring work for a long time, but when I think it's okay, I try my best at it. But now, if you look at rich people like Warren Buffett or Charlie Munger, I've done a lot of research on them. But those people have experienced various lessons, failures, and successes in the past. But if I just look at them, I'm much dumber than those people. So, if I just follow their path, it should be fine, right? Yeah, yeah, yeah, why not try something they advise against? Should we try charting or even Bitcoin? There's no need for that. In my opinion, that's why I think you guys should do the same. When you try to achieve success, whether it's in money, career, or academics, it's good to have a role model. But now, as we talk about money...

For example, I want to make 1 billion won, I want to make 10 billion won, I want to make 100 billion won, like Chairman Park Young-ok. Then you have a role model. Then look at how that person did it. Rich people around you who you can meet or ask how they actually became rich. Probably, there may be no one who became rich by diversifying stocks from a young age. Typically, the rich people around you are executives of your company, or if I read a book, who wrote that book? It's probably not written by the people who became rich or famous entrepreneurs from foreign countries. It's almost impossible to find someone who became rich by doing a side job while doing Lupang. So, there is already a conclusion probabilistically, but why am I not like that.

Saying that you have to live is a bit of a foolish way, a bit slower and more foolish way, but in reality, as the role model did, focusing on one field and pouring time into it, I think I can advise those in their early thirties. So, you need to prepare a lot and execute carefully. Many people just start and rush through it. They create a YouTube channel, come up with a smart idea, and so on. Then, when things don't go well, they start studying stocks. But for those people, investing is even harder to win, the probability is low. However, this question is always asked, especially now, in February, at the beginning of the year. What is the promising sector this year?

Let's set aside the question about whether there will be a hill to lean on for now and start. Every year at the beginning, who are you talking from? From the perspective of whom? From the perspective of YouTube? No, from the perspective of our 400,000 subscribers. When we look at it, it's a promising sector, right? A promising sector. But in reality, this is a bit of a theoretical discussion. You talked about Samsung Electronics in the stock recommendations, but the semiconductor industry may still be in its early stages of improvement, right? So, what are some things you can talk about? Well, in cases like AI, I think you need to keep studying continuously. You might miss out and fall behind. Also, things like vision professionals and VR, you can't miss out on those either. Because, after I became a fund manager, smartphones started to become popular, and that trend lasted a long time. Almost about 5 years.

Over the years, I have been in Korea for almost ten years based on U.S. standards. So, I recently tried to draw Apple's financial statements for the long term. Apple released the iPhone in 2007. Yes, and its operating profit and profit margin have been increasing for six consecutive years. Until then, it was almost heading towards a monopolistic structure. Then, it briefly declined for a year, then rose again for a few years. It was only through the iPhone that it achieved such growth. In a way, the iPhone represented the keyword for smartphones. But if, when we released the smartphone, we thought, This is not great, or It will end in 1 or 2 years, we would have missed such long-term trends. However, if AI, VR, or XR, and things like that bring about a major change like smartphones did, yes, this could be just the beginning.

So, earlier in November 2022, Choi Jepi was released, so it's only been a year and a half. Conversely, talking about Vision Pro, it hasn't even been a month since its release. Of course, now it's been a few years since Meta's Quest was released, but looking at those, you should never miss out on such major trends. This is what I always talk about. It could be a mega trend. It's not about excluding studying. Because I invest together, I don't do difficult things. I don't do high-growth. I don't do high valuation. If you say, Later on, oh, they really made a profit like this, you might regret saying, Oh, that was cheap. So, you must definitely look for that. I'm saying this and also, just looking at the overall industry, I keep thinking about this business cycle. Probably, even on Wall Street, about 3 to 6 months.

When I came out last time, it wasn't long ago, but I think I mentioned it back then. Currently, the economy of South Korea is not doing well due to China. The United States is doing quite well, but it is facing a downturn. In such a situation, when talking about what to invest in and what not to invest in, related to American consumption, let's assume there are companies in Korea that produce something and export it to the United States. These companies may face some difficulties. For example, let's assume that clothing is doing well in the United States. Then, clothing OEM companies in Korea are widely listed. However, if a clothing OEM company, for instance, the one you are looking at, has a significant exposure to the United States and if they think that the U.S. consumer market might decline, even if the company's performance is good now, you may need to be a bit cautious, on the other hand.

In the case of China, the economy is not doing well at the moment, but it can't stay bad forever. It has been bad for three years now, so it is likely to improve. Therefore, even though things may look bad in China right now, this could be the bottom and it might get better. For example, in the fashion industry, there are brands like FMF that are very popular in China. The momentum of Chinese stocks is quite significant, as it has been in the past. However, currently, it is a bit suppressed due to this. If Chinese people start to have better economic conditions again and decide to buy clothes and hats, for instance, it could become a kind of flagship stock. So, I intentionally mentioned this in the context of fashion, as depending on the flow of the economy, things could improve in the future.

Things or during the game you need to see clearly again, the interest rate is going to go down in the future, right? So, stocks that were good when interest rates were high need to be handled with caution. Stocks like banks, but stocks that could improve when interest rates are going down, such as used cars. When installment rates go down, sales can increase. In cases like this, it may be difficult to predict macroeconomics. On the other hand, when viewed over a long time series, it can be seen as a rational future. Therefore, in our company, we have some strong themes such as AI or Japan's digital transformation and some parts are exploring sectors that will improve with the economy or countries where the economy will improve. This can also be seen as a reverse thinking.

You need to prepare in advance for that. But, the promising sector you mentioned earlier, and also briefly talked about the mega trend in the middle, could you please explain how they are different? Also, could you please suggest what could be considered as the current mega trend? So, the so-called mega trend is like a kind of keyword, theme, or trend. And the industry sector is about what a company produces and who they sell it to. For example, when talking about the AI theme or AI trend, software companies would belong to the software industry sector. Similarly, companies like NVIDIA would be in the IT hardware industry sector. Companies that operate internet platforms would fall under the internet industry sector. Therefore, based on these sectors, I will mention one theme or trend.

I think this trend of pets is quite good, and I will continue to spend a lot of money on pets in the future. Some of you may misunderstand that good companies and good stocks with high market share, current revenue, and profits are good companies. Good companies and good stocks are slightly different. Good stocks are stocks that will become good companies in the future, even though their current revenue and profits are low. They will do well in the future, or they are currently not spending much money, but will spend more in the future. For example, if you have children and spend money on their education or buy them food, you probably choose the best, healthiest, or best brand within your budget.

Are you making efforts to provide things like this? But when it comes to pets, there are clearly areas where you're not there yet. For example, are you giving your pet the most delicious food, taking them to the best hospital, providing the best prescriptions, or dressing them in the best clothes? There must be parts where you're not there yet. As the trend of treating pets as family members rather than just pets continues, there is a significant area where money can be spent, which I think is the trend of pet-related fields. We need to pay long-term attention to these aspects. Another point is about AI. As I mentioned earlier, when talking about Japan's digital transformation, it's something we are closely watching. Many people travel to Japan, including me.

I recently went to Japan for a short while. Oh, I received a lot of cash before I went, so I had to carry it with me. Normally, when I go abroad, I hardly carry cash. I only use it when I really have to, for very small amounts, because most transactions can be done with credit cards or debit cards, so I don't need cash. But this time, when I went on a trip to Japan, one of the things that really surprised me was when I went to a supermarket. I was trying to pay for my items at the supermarket. It was around the third or fourth day of my trip, so I thought they would only accept cash. I was prepared with cash. For example, if I bought something for 3,000 yen, I prepared three 1,000 yen bills. While I was doing that, the cashier scanned the items with a beep-beep-beep sound, and the total came out to 3,000 yen. Then they put everything in a bag.

So, they gave me 3,000 and told me to go over there. So, what is this money for over there? When I asked, they told me to go back over there. When I went over, there was a machine. So, oh, they finally switched to kiosk payment. I briefly thought about it. What kind of machine was there? There was a machine for putting in cash. Yes, a machine for putting in cash. When you go to an arcade, there is a machine where you put in 1,000 won coins. So, when I put in three 1,000 won coins, 3,000 went in. There was a message saying Let's go home on the machine. So, if you think about it, this is a Japanese way of thinking. Why would they do this? Probably because of aging. When everyone is aging, it's not just me getting old. Everyone is getting old due to aging. But then, children can't take care of me. Everyone is old, so in that situation, everyone is.

I need to engage in economic activities to make money and have an income, right? Yes, yes, that's why I'm so worried about this position. Oh, right, so we need cash, but the government is taking measures not to use cash, right? They have set up cash deposit machines. Digital transformation has a long way to go at this level. There is much for them to do. In my opinion, it could last as long as the AI trend, or it could be related to AI. Therefore, among Japanese companies, we are looking for many companies that can replace or make it easier for jobs that are becoming scarce. Generally, large companies also use Adobe Premiere and Microsoft Compile, but small and medium-sized enterprises, as well as small business owners, are still at a point where they are...

Many companies in Japan still rely heavily on manual work or cash transactions, so we see a big trend in digitizing economic activities for small and medium-sized businesses. There are companies that directly create software, internet companies, and companies that specialize in AI among them. We analyze these companies by setting up a network and actually invest in them. Since it's Japan, we have set up a network there. It's a perfect match with Japanese companies. However, Japan is still in the early stages of digital transformation, and their approach is somewhat different. Our CEO, Yeom Jong-soon, who does business in Japan, often comes out to share local stories. In Japan, many companies still rely heavily on stamping on paper, which is quite different from what we do, as we mostly use digital methods and electronic signatures.

In Japan, we should also get rid of stamping now and switch to electronic methods. Do you know what they have created? They made a robot that stamps the seal electronically. It's truly innovative and surprising. Among the various electronic documents, there is an electronic tax invoice, which we also have in our country. They call it an invoice, but in our country, as you may know if you are in business, most of the main sales are done with electronic tax invoices, all on software and internet platforms. Money comes and goes, all done on the National Tax Service website. However, in Japan, they still do it on paper. Also, the formats are all different. You might have experienced this in the past, but if you go to a small supermarket or a stationery store, they use gray paper for simple invoices. Do you know what it means when it says 5,000 won at the end? I'm not sure anymore, that's all.

What is this? Yes, there are things like that. We are still using that. But what's funny is that electronic invoices are free in South Korea through the tax office. Some companies like Business On and Yuhan Software, many companies like ours, have tried it, but it costs only a little, like 100 won. However, Japan introduced the electronic tax invoice system last October. But these electronic invoice software companies there charge 2,000 won per document. So who uses these electronic tax invoices? Why are they so expensive? Well, they made it mandatory. It used to be expensive because they printed it out, attached stamps, and sent it by registered mail. So far, it has been informal. That's why they didn't think 2,000 won was expensive, but now.

As time passes, it will probably disappear, and the price will drop drastically. Anyway, although it's not like that now, it should naturally be like that in the future. If I may say that I will become a digital currency in Japan, there may be comments here as well. Many people think like that. Oh, Japan can't do that. Japan still doesn't know how to use cash. They go into polling stations and write people's names with a fountain pen, not knowing how to vote. So, you should say this, that it's an opportunity to invest. Yes, there is an opportunity. So, it's the opposite. But you have to seize the opportunity of change and notice that it is changing little by little. I will ask you one or two more questions about investment methodology and philosophy. This is a very good question. If someone is using it, oh, the question is all in this book.

I also wanted to ask a question that is in the table of contents. If I go back to being 30 years old, 11 years ago, when I started writing this, I would be 40 years old. So, if I go back 10 years, the names of the stocks are listed here. If I were to go back 10 years, the stock names are written here. But I can't tell you the names of the stocks because I need to sell the book. I can't tell you. If I go back to the past, I want to go back with my current knowledge. So, what...

Of course, that's obvious, but some people might say it like that. Some might say they want to know only one confirmed future thing, like the best stock or lottery numbers. However, there are also those who want to bring the investment methodology that Kim Hyun-joon has built up over 20 years, the memories of failures, or even the memories of a few lucky successes. Then, if you go back 10 years, wouldn't it be fun to see how the stock market was back then? Yes, that's what I thought. Isn't that being too greedy? Oh, is it more than that? Making money, having fun, yes, that could be possible. Why did it turn out like this? We talked briefly about people who only focus on one stock like NVIDIA or Tesla, right? But that's...

After a person buys a stock and it keeps going up for 10 years, they would be very, very happy. However, that's not an easy thing to do. Just finding a stock that goes up by 50% in a year is quite difficult. It's challenging to find a stock like that and then to hold onto it. So, what's the solution? You need to know a lot about stocks. You need to know about many of them. That's why what I'm good at is finding stocks that double in value in a year. It's not that I'm the best at it, but relatively good at finding such stocks. It means I can't find stocks that increase tenfold. Thank you. So, if you find one, then what? After that, if you need to find another one, time will pass. It would be nice if 1 billion became 2 billion and then 2 billion became 4 billion right away. But it will take time to find another one. Instead, I look for stocks that double in value based on different business models.

If you know 10, 20, or 100 in each industry trend, you know it now, right? If it goes like that, sell stocks that have doubled and buy stocks that will double again, sell again, and buy again. In this way, you may not be able to find stocks that will increase tenfold, but in the end, it's the same whether you make tenfold. You end up not spending opportunity costs, right? So, you want to know a lot of stocks. If you go back 10 years, you need to secure a lot of investment bundles. If you assume that you have been investing for 20 years and you have been investing a little less than me, what should you do? I said earlier that those who have ten million won don't need to invest in stocks. It's the same story. What should you buy right now? You need to make a lot of investment bundles according to your own investment style. Make a lot and your investment philosophy.

Even if a suitable package is completed, it is never too late to start investing real money. When it is said that you can make ten times more in ten years, let's assume you are 30 years old. Then, work hard until you are 40 to increase your self-worth and build an investment package. It's okay if you can't earn money. Then, from 40 to 50, if you make ten times more just once, then you become wealthy. So, go out and find an investment package. The most essential thing in creating that investment package is, well, I've talked a lot about it, knowing many companies with sound economic principles and good business models. It's about placing multiple fishing rods in good places, so you can choose the best option each time. For example, I, an American real estate internet platform,

In Korea, when it comes to companies like Bangi or Naver Real Estate, there is a company called Jill, and then there is a company called Redfin. I really like that company, but I haven't bought it because I think the stock price has been somewhat overvalued since I found out about it and started studying. Right now, oh, but if I had known that before, if I had known it before the real estate cycle turned once, I would definitely buy it when the U.S. real estate cycle turns. But I don't know when that will happen, it could be in 5 or 10 years, then it would be unfair, right? However, if I go back with that memory, oh, as I just mentioned, as I answered, instead of keep visiting Cheonggye, Yongin City, for business models with good economic benefits, even if I can't buy it now.

Okay, PR is 30 times too expensive. Don't buy it based on my standards. It's okay, but once every 10 years, once every 5 years, opportunities will definitely come. But when that opportunity comes, if you don't have an investment package prepared, is it good to invest here? Should we look at AI this time, or should we look at semiconductors? Oh, how about exploring automotive parts or secondary batteries this time? If you keep doing this chasing after money, you might find out that you didn't create that package. So, even though I've been investing for 20 years, it seems like I've only started creating that package not too long ago, maybe less than about 5 years. So, I feel a bit regretful about that. If I could go back to being 30 years old, I would like to do that, study in advance, and that could be the next cycle. Whether it's real estate or whatever it may be, since I've studied properly at that time, I could seize the opportunity. By the way, studying industry or sector-specifically is what we do at Wise.

There is a club, and each company studies separately. For example, there is Naver Premium Content. So, sector studies are Wise Club, and company studies are Nodaji I-Road. What is Nodaji I-Road? It is explained by the IR IR team. Most of the representatives are only targeting institutions. They don't allow individual investors to come in well. Isn't this a violation of fairness? It should be heard by everyone. So, we bring that, source it, gather it, and provide it through Naver Premium Content for many people to see. But many people are already watching it. It's a very good idea, isn't it? But even if you raise the price, you should buy it. A good idea is a good idea for you. It's so regrettable for the CEO that there are too many people studying investment.

I don't have it, but you keep trying to create study content, so oh, I see. You are doing a great job with charity work, right? That's right. But did you all pay your rent this month? No, you didn't. As content creators, we were talking about our stories, and I will give you one last point. In fact, the US market keeps hitting all-time highs, and the Japanese market also hit a 34-year high. However, the KOSPI is just stagnant, and the KOSDAQ is experiencing extreme fluctuations. It seemed like a good purchase, but instead of making a profit, I ended up losing money. One day, I realized that the losses were accumulating like a snowball. In times like this, mental management is actually the most important, right? They say that investment is 90% psychological. That's right. Managing this mental aspect is quite challenging. This book is one I wrote last year. Yes, in October or November of last year.

Do you remember? In October, November, the market was really bad, probably the worst in a few years. It was tough for me too. At that time, oh, at that time, I was in Jeju Island. I stayed there for about two weeks during the period when the market crashed the most. It was my vacation, but now I can't rest on vacations. Being a CEO doesn't mean taking a break on vacations. It's a time to take a break from intensive work. That's what a vacation is. Because when I'm out of the company, I have to ask the CEO to approve things, ask about things, and request things, so that time is for dealing with those things, studying investments, writing books, or planning various things. That's what I do during my vacation. But when I went down there at that time, I was writing a book. Do you know Jeju's nice cafe, Del Cafe Delmoon? Have you heard of it? It seems familiar. I always go there.

It's amazing. You posted it on Instagram, right? Oh, you post a lot on Instagram. There, you're amazing. Thank you for mentioning Instagram as well. Oh, no worries. I was writing about that part over there. How do you manage your mental state? But my mind was already blown, so I lost my mind for a moment. I was writing about managing someone else's mental state at that time. No, so the answer to that question was so urgent and real. If I were making a lot of money at the time and tried to answer that, it might have come out as a strange story, like an arrogant story, right? Hey, what are you talking about? You studied hard. You didn't analyze, so that's why. You probably did it like this, right? No, that's not true. The companies I invested in kept showing earnings shocks. I clearly had a conversation with the stock manager yesterday.

I was sitting and talking nonsense when the results came out. Oh, my mental state was really exploding at that time, so I reflected on how I manage my mental state in those situations. But there were two things. One is not suitable for broadcasting, which is drinking and sleeping. Oh, that's not suitable. It's for YouTube, but that's it. But in those moments, I tend to focus more intensely on trading stocks. More intensely. For example, let me explain it in the concept of drinking and sleeping. If there was an earnings shock, and I called the stock manager, and they were talking nonsense, saying something different from last week, but oh well, if I just say to go drink and sleep, it could be my own trait, but most people would probably relate. Can't sleep. Even after drinking two bottles of soju, I keep talking and talking, so until my curiosity is resolved, I can't sleep.

Resting is not really resting. For example, playing golf or riding a cart in Jeju Island, even if you are not focused, you should do it. But if you ask me to do something else, I have no kids, so I just do stock trading. So, instead of writing a book or writing a few sentences, I realize that I need to study this properly. That's when I focus even more on stocks. So, I have nothing more to do. Of course, there are many uncertainties about the future, but I have nothing more to study. I really worked hard. Until someone tells me I can have a drink, I'm actually more into stock trading. Looking back, it's about mental management. My stocks have dropped.

But if it seems like it's going to go up again, then how can you hedge and withstand it well? This is about mental management. But if you get influenced at that time, like listening to other people's stories, and someone says that this stock is better, then your mental state will burst along with your account. But instead, when I sincerely face the stock and have a conversation, then a decision will be made between the two. If it's not good, you sell, or if it's good, you either hedge or wait, right? But if you start thinking about it from a different perspective, it seems like you make wrong decisions, and as you do that, you realize, Oh, I made a mistake like this, but if you recover like this, you can learn a lesson and say, I shouldn't do this next time, so your mental state can recover. Or maybe you studied hard and found out you were right. But in the short term, it's just not good.

It's just a misunderstanding about the stock price, so maybe you could feel better. Then your mental state might recover. Actually, I found out that there is no specific method for mental recovery. Just like losing your mental state due to stocks, it's not like you can recover it by meditating with your eyes closed. Right, so even though you were told to meditate, if you keep thinking about stocks, you should just face it. It's like facing the end, whether it's stocks or you, going through until the 9th round today. You're going to keep going until the end. So, whether I really cut my losses, average down, or just hold, it's about finding the answer within myself. Right, that's it. Many people make mistakes by searching on blogs at times like this.

What did people who are better at this subject say? That's right, many people actually collect facts to form their opinions. First, they take that into account and only then look for other people's opinions. So, if that person wrote something slightly wrong, they might have to correct it. But when things are going well, it feels good. When things are going well, you might think, Oh, should I buy more? It's like this. However, when things are not going well, rather than listening to others' opinions, it's better to face the facts, like official disclosures from companies, or official data. Through these, sincerely engaging in dialogue with yourself about your stocks and having a conversation with yourself is a good way to resolve it. That's right. So, I always try to listen to the truth around me. Instead of trying to listen to opinions, you should create your own. I am also like that. When times are tough, I find myself constantly wandering about other people's opinions, but then.

Then, oh, this won't do. It might come back again. In a way, it could be a book written with the heart of a beginner now. Also, investors always have to be humble. For example, I asked a lot of advanced questions today. Thank you, Sayomayo. So, in fact, there is also a special lecture by Kim Hyun-joon, the CEO of Public Asset Management, and Wise Club. You can watch it online later. Didn't we record the seminar on overseas stocks recently? However, we decided to delay the broadcast for a month because we need to do an on-site inspection. Also, because some special guests visited the site. After the Wise Club, there isn't much time left until next week. It may seem like we are eagerly waiting, but for our subscribers, think that you will see my face and hear my voice in March again.

So now, almost like a full-time singer, thank you for sharing a lot of good words today. Thank you, thank you. Yes, thank you. [MUSIC] [APPLAUSE] You've worked hard.

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와이스트릿 - 지식과 자산의 복리효과

Building Your Investment Portfolio with 10 Million Won

With 10 million won, it's suggested to focus on increasing your main income rather than investing, as it can lead to higher long-term gains.

For those with 100 million won, a few well-researched stocks or funds can be considered, but it's important to focus on steady growth rather than trying to diversify too quickly.

Diversification becomes more relevant when approaching 10 billion won, but the key is to approach investing with a realistic mindset.

Diversify investments like Warren Buffett and Charlie Munger to learn from their experiences and avoid rushing into stock trading.

Focus on increasing your value and consider ETFs for investment.

Keep a careful eye on emerging sectors like AI, VR, and XR to avoid missing out on long-term trends and potential growth.

Analyzing Investment Trends and Economic Cycles

Choi Jepi has been out for a year and a half, Vision Pro for less than a month, and Meta's Quest for a few years, indicating major trends to keep an eye on.

The current economic situation in South Korea is being impacted by China, while the United States is experiencing a downturn, leading to considerations about where to invest.

The potential improvement of the Chinese economy and the ongoing impact of economic conditions on investment sectors, such as the fashion industry, are important factors to monitor.

The Slow Progress of Digital Transformation in Japan

Japan is still heavily reliant on cash transactions, despite the global trend towards digital payments.

The country is in the early stages of digital transformation, with many small and medium-sized businesses still relying on manual work.

Japanese companies are now focusing on digitizing economic activities and are in the process of creating AI-related solutions.

The Cost and Mandatory Nature of Electronic Tax Invoices

Electronic tax invoices are free in South Korea but expensive in Japan, where they have recently been made mandatory, leading to questions about their high cost.

The price difference is due to the previous use of printed and mailed invoices, but as the system becomes more digital, the cost is expected to decrease.

This change in the invoicing system could also be seen as an investment opportunity for the future.

The Importance of Diversifying Your Investment Portfolio

It is important to diversify your investment portfolio across different industries to avoid missing out on opportunities for growth.

Building a strong investment package with sound economic principles and good business models is crucial for long-term success.

Studying specific sectors and companies in advance can help in seizing the right investment opportunities at the right time.

The Importance of Mental Management in Stock Trading

The speaker emphasizes the crucial role of mental management in dealing with stock market fluctuations and losses.

They discuss how they intensively focus on stock trading as a way to manage their mental state during tough times.

The speaker also reflects on the ineffectiveness of traditional methods like drinking and sleeping, highlighting the need for a more dedicated approach to handling stock market challenges.

Managing Your Mental State for Stock Investments

Staying mentally strong during stock fluctuations is crucial for decision-making.

It's important to focus on facts and official data rather than being swayed by others' opinions.

Engaging in a sincere internal dialogue about your investments can help in making the right decisions and recovering from any setbacks.

Avoiding the influence of external sources and staying humble are key to maintaining a strong mental state in stock investing.