Now, if you have any more stories you'd like to share, feel free to do so. Lastly, I want to address the market and some minority opinions. In a way, there are many warnings about bubbles, right? I think there must be a lot of difficulties that come with that. Yes, I believe it would be good to talk more about that. There seem to be many misunderstandings. Oh, there are indeed many. And I, being a person who gets hurt too, often say it's okay, it's okay, but when I go on other channels and see negative comments, some of them really hurt me. Moreover, among the things I've seen, especially in this broadcast, there was a miraculous claim that our company had caused an incident and that I had left without notice, or that there were malicious intentions involved. Since money is at stake, it affects me as well.

There are people who have opposing views, and there are also individuals with whom I have a somewhat strained relationship. I know some of them personally, and some of them even created accounts just to write negative comments on that day. It was done very cleverly; it wasn't just an ordinary comment. They prepared it well, revised it multiple times, and wrote a lengthy piece. When I look at those comments, for example, I might say that 10 or 20 predictions indicate that things will be good, or that inflation will last a long time, or that there will be a crisis due to inflation. Back in October 2022, I was criticized for saying that Korean stocks would be good, even though I also mentioned that the U.S. market would be very bad in the long term. That was in September 2022, and it was still at 3%.

I still remember that time when I couldn't express myself well and ended up writing an apology-like comment, receiving a lot of criticism. At that time, I mentioned that the Korean stock market was good, even though the KOSPI was at 2100. I was probably the only one saying that. Of course, I also said that China was doing well, but despite the backlash, I believed that over time, people would understand my struggles. I am human, and I have emotions. I thought that eventually, they would recognize my efforts. However, now, as I reflect on the 3% growth and other factors, I seriously question whether it's right for me to appear on external broadcasts. There are certainly people who dislike me out of malice, and I suspect that the wounds I experienced were inflicted by someone I know well.

I came to realize that it was very obvious that it was done intentionally and maliciously. For example, if I got seven out of ten predictions right, there might be one or two wrong ones. As I mentioned earlier, I didn't say to buy Chinese stocks in 2021; I advised buying when the market was at its lowest. Even now, some stocks have gone up and then come back down. In our clients' accounts, I still hold a portion of those stocks. Of course, the profits have come from other places, but that's why we create a diversified portfolio. Since the time of our blog, I have had readers, and our early followers know that when no one in Korea was talking about inflation on Wall Street, I was the only one continuously warning about it by analyzing the M2 chart and year-on-year comparisons. In 2022, there was a surge in commodity prices, and so on.

I talked about what happened in 2021, and I saw some truly malicious actions. Honestly, you know that it's better to focus on external broadcasting. However, since it's a small company, you could think of it as a startup, considering that our consulting firm has only been around for about three years. Moreover, when I first started Fruiting, I aimed to create a genuine starter platform, a financial platform. Later, I realized that I needed to focus on consulting instead. As a result, Fruiting became our research company's site. Naturally, friends I learned from have moved on to great places, and I still occasionally see them. I'm really happy for them, even though it hurts a bit. But I understand.

There is nothing else. From the perspective of those friends, since it's Junior doing it, it's naturally significant. If there is an opportunity, it can be great and somewhat beneficial, so they think, Okay, let's do it. However, recently, especially with incidents like unauthorized dialogues, since we are a relatively small company, if someone causes a problem, for example, the people applying to our company are not usually those who know me or think they can learn something from me. This is especially true when hiring at the junior level. Those friends come in and only see the surface of the company. For instance, the office is now smaller because both Junwoo and I have fewer people. So, really, they are just here for about one or two years to build up their records. Before, when the office was larger, it felt very empty.

There are really fewer people there, so it feels that way. When it comes to smaller places, it seems like the scale is too small. In fact, the business is expanding, but some key friends tend to think too easily about it. In the midst of this, I try to maintain my own atmosphere without getting swept up in it. My personality is such that I would go out and talk on external broadcasts. It seems that even people who don't know me directly find my tone quite off-putting. I am actually more open than people might think, and I am just a person too, so that aspect exists. However, it seems that there is a significant difference between how I am perceived and the reality. For example, I saw some comments that reflect this.

For four years, or rather three years, I have been continuously shouting about the decline. If we consider that, then the 3% decline I predicted in 2022, around July, is something you, more than anyone else, are well aware of, especially with inflation in mind. The timing of the 2022 bear market was something that very few in Korea got right. I truly got it right, and I also accurately predicted the bottom during the COVID crash in March 2020. However, the only time I became widely known was when I first predicted the 3% decline, which was probably around July 2022. But if we say that I have been shouting about the decline for three years, then does that mean that my prediction of the bear market in 2022 is also incorrect? If we count the years, it would be at least from 2022 to 2021, so in that sense, anyway, I...

I often face criticism, and it seems like our customers, like the one I mentioned, generally like me. At least, I am trying to ensure that I can generate profits in some way. However, it appears that some people, perhaps because money is involved or because it goes against their position, really seem to dislike me. I have noticed that, fundamentally, when I look back at my experiences, even last year, there were times when a well-known expert in the market would question how I could say certain things. I would respond with facts and even mention names. But to be honest, this profession is not about being a celebrity, and I am not a public figure either.

Just because we are doing this on YouTube doesn't mean we are making any profit. You can see from our view counts that it's quite small. In order to provide really good advice to our clients without relying on existing systems like brokerage firms, we cannot depend on those systems. If we do, I won't be able to say what I need to say, and I won't be able to manage as I should. Anyway, to achieve this, we are not fully relying on the system. As a startup in the financial sector, we are trying to advertise under these difficult conditions. I hope that while doing this, we can also provide something valuable to our clients. It’s really challenging to operate in such a harsh environment. Recently, some clients expressed their desire to participate, and I hope they understand that we are working under very tough circumstances. Going out to external broadcasts is also part of this effort.

I have prepared a lot for this, but I'm not a celebrity or a public figure. However, I believe that we should have a very strict standard for those who have truly scammed people. If you look at my old blog, you will understand the mindset I had when I started this work, especially my clients. I tried to explain those difficult concepts in any way I could, even when no one was talking about term premiums; I kept repeating those ideas from the past. Ultimately, I may be a bit ahead of the curve, but I've been hearing discussions lately about how if short-term interest rates drop, long-term rates will rise. Regardless, I realize that I am also just relying on this system.

It was quite a journey to get there. Of course, at that time, I really felt that way, but I changed my mind. I tend to be inherently introverted and not very good at speaking, so I admire those experts who can communicate very smoothly, regardless of the topic. In that regard, I have great respect for Representative Park Se, but just because I am like this doesn't mean I am incapable or that I lack confidence. It's not at all like that. Anyway, these experts are also human. I remember seeing Professor Kim Hye expressing similar sentiments in the past. At that time, I was much less famous than Professor Kim, and even now, I still don't fully understand it. There were instances where people distorted what was said or misunderstood the content.

So, since people only know me in fragments, if that's the reason for the misunderstanding, I would rather understand. However, some people, as I mentioned, think that I created those children anew that day just to rewrite that long text. Clearly, those who think that way are the ones who come to my mind, and it hurts me even more. I wonder who among those people would think that way. If it were truly a misunderstanding, I could accept it, but it still stings. Sometimes, when I lament about this, there are people who watch our channel and like it, and they comment, Oh, that's just natural. Why care about the comments? If you decided to do YouTube, just do it. There are also people who say things like that, but since you brought it up, I also...

To talk about it, I thought about not saying anything, but if you try it, you'll understand. What you see is not everything. It's not just me; many other experts feel the same way. Of course, among them, there are some who may have bad intentions. However, at least I want you to know that I genuinely want to create a win-win situation with good intentions. In such circumstances, it is quite challenging and very busy, and there are people who can't even handle the machines. Despite that, I try to explain things by editing charts and repeating what I've said before. Yet, without any logic, there are even those who maliciously manipulate facts, changing them to something that is not true.

If I have that, then really, especially in investment, trust is important, and credit is key. Finance tends to be very conservative, and credit is crucial. No matter how much I get criticized by people in the world, when I made 3% in September 2022, I saw that the KOSPI was down. I thought the situation in the U.S. was not good, but I still believed there would be a significant rebound. I thought the KOSPI would eventually be recognized for that. I endured all of this, thinking that eventually, people would acknowledge it. However, I'm not a celebrity or anything like that, and I wasn't making any profits from this. In such a situation, especially when you are working hard and struggling, by the way, business is rather...

It is expanding. What I want to say is, well, anyway, internally, I mentioned earlier about the issues with the staff and operators, but when there are such problems, the internal stress is quite significant, and the energy consumption is high. With all of this overlapping, I genuinely started to wonder if this is really the right path for broadcasting. So, at that time, I shared my thoughts, but since I have been supported from the very beginning, I sometimes seek advice as well. Anyway, I had those kinds of thoughts. You told me to speak candidly, so this is truly my sincere feeling. Honestly, while doing this, I sometimes think, Why am I doing this for some kind of glory? I could just stop everything, including the videos. There really aren't many jobs like this. From my experience, it might be better to just stick to the system.

I relied on just doing institutional sales and continued to do that at the headquarters of the securities firm. I believe that if advisory firms and asset management companies truly have conviction and philosophy, sales should be done independently. I have strongly believed this from the very beginning. However, I have come to realize that there is a reason why my seniors did not do it that way. There are indeed some issues related to this. I did experience some of that back then, but I have recently been trying to gather my emotions again. There are definitely a few people I know who have intentionally attacked me, and there are some significant firms with which I have a strained relationship. It's difficult for me to go into detail about this, but they have caused me emotional pain, and I acknowledge that they have succeeded in that. They did very well, and those individuals...

I believe that people continue to engage with our channel, and I will also try to consistently work hard whenever I have the time.

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프루츠투자자문 대표

동아탱커 프랍 데스크 총괄
현대선물 트레이더 (국채/ 외환 등)
유진투자선물 LME(LONDON METALS EXCHANGE) 기관 딜러/ 브로커
피닉스 자산운용 대체투자 펀드매니저

건국대학교 부동산 대학원
University of Texas at Arlington 경영학

더 많은 금융·투자 정보를 원한다면? 프루츠투자자문이 운영하는 자체 매크로 리서치 사이트

https://www.fruiting.co.kr/

프루츠투자자문
P: 02-577-2305
협업 문의: biz@fruiting.co.kr 


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