Even finding good stocks, I think it's a big noise. What's really important is to calculate how high the probability of success is for the stocks I'm looking for. When there are many stocks with a high probability in my portfolio, that's when high returns come out safely. So, I think [music]. Then, D.P., since you probably don't know much except for Netflix and Bitcoin, how many stocks do you look at in total, combining domestic and overseas stocks? Each stock purchase must be different, right? How much do you usually buy? To be honest, I'm not investing that diligently right now. These days, you seem busy with overseas things, business here and there. It feels like you've become a bit of a workaholic. Yes, that's right. So, to be honest, I feel like I haven't been investing in stocks diligently for a few years.

I did make some profit, yes. However, ironically, the return rate did not drop that much. So now, I have decided to reduce my investments. If I tell you about what I had just before, I had almost over 70% of my investments in overseas stocks out of fifteen stocks I had. But now, from the current perspective, I have included a certain amount of indexes in my portfolio. When it comes to indexes, I don't consider Korea as an index. Korea is just a semiconductor ETF. So, those who invest in Korean KOSPI or KODAK while saying they are investing in indexes should really stop now. It's better to invest in the US like SPY or QQQ. Yes, the S&P 500 or any other indexes occupy a certain percentage of my portfolio. Index coins, well, up to here, these three.

Actually, there aren't many stocks, you know. So, the reason why my rate of return was good is actually because when stocks like Netflix were falling, I invested a lot, so the weight of the index was high. But the return didn't drop as much as when I worked really hard. So, I sometimes feel a sense of self-reproach, thinking, Oh, it's not better just because I work hard. Back in the old days, if I was passionate about five things, now it's like seven things. Now, if we put it in numbers, you could think that around four to five stocks are the main ones. It's really not that many. Yes, that's right. In a way, it's a bit hard to call indexes stocks, so I think of indexes as one type of stock too. Just like buying S&P 500 or buying Bitcoin, the reason is actually the same. It's just that I...

In terms of holding it, currency is an asset that experiences too much inflation, and in fact, even if you hold it for about 5 to 60 years, 90% of its value disappears. Therefore, holding currency itself is a foolish decision. So, when it comes to deciding where to put a significant portion of my assets, the most stable and profitable option, at least to maintain my buying power, is to invest without much thought in the S&P 500, which is the best. That's why I invested there. Bitcoin, in fact, aligns with this point. In terms of coins like indices, it seems less of a concern now that I've purchased a very representative one. However, when it comes to buying individual stocks, there are actually a lot of considerations. There are many stocks in Korea and overseas, so when selecting stocks, what do you pay more attention to?

In the previous question, there was something like this. Among the bold moves I made, there are recent noteworthy market issues like elections, CPI, interest rates, and so on. It's important not to overlook these things. Not overlooking them is crucial because one of the things I feel the most when investing is that it's really important not to consume unnecessary information. There is too much noise. But what I just mentioned now was only macro information. This applies to companies as well. It's also about trying to find several good companies, putting a lot of effort into consuming a lot of unnecessary information. However, what's important is that when I find a stock like Netflix, for example, once I have a certain level of confidence in this stock, it's important to increase the weight of the ones I'm confident in and steadily invest in them for a long time. It's such a common sense thing, but people really

I can't do it because I think it will be too burdensome. In fact, the things I said about Netflix two and a half years ago and what I'm saying now are almost the same. We have been investing continuously with the same team for two years. I don't really look at quarterly reports. During that time, I just roughly look at the English reports and check if my team was right, and move on. But the important thing is, by doing this for a long time, it's inevitable that the return will be better than investing diligently in 5% of 20 companies in a high-weighted state. Because I focused on investing. Yes, because I focused on investing, when you look at that company, what's important is how well that company will do. How much that company will excite people is important, but in my opinion, what's more important is the probability that the company will do well.

How high is it? Because if the probability of success is low, I have to reduce the weight of the position because I'm too scared, then it becomes meaningless profit. For example, even if it's 200%, it's only 5%, so even if it's 200%, it's only 20% or 10%. However, if I only bet on things with a really high probability of success, even if it doesn't excite me, for example, if a company only makes a profit of 2 to 30% a year, even if it's not exciting, if the probability of success is definitely 100%, if I bet on that, it's like easily getting 2 to 30% profit. And in between, I don't have to do anything at all. So, I think even finding good stocks is very important. The most important thing is to calculate how likely the stocks I find will lead to success and when those with a high probability of success make up a large part of my portfolio, that's when I think high returns come out safely. It's about succeeding with a high probability.

Do you have any tips for finding stocks? You really need to know about the industry for this. I've been talking about Netflix for two and a half years now. When I talked about it earlier, I haven't seen a report on Netflix, but I dare to say that analysts wouldn't mention these things at all in their reports. Because analysts don't analyze in this way. Do you know why I analyze Netflix like this? It's because I spend my life watching YouTube and Netflix in cafes and I'm someone who sincerely consumes this kind of content. In that sense, Korean people also watch OTT like Netflix, right? However, approaching it from an investor's perspective is different from just watching without thinking.

On my phone, Netflix is installed, and as soon as I installed Disney, I watched a movie and deleted it. So, everyone might have watched a movie and deleted it without even realizing. From an investor's perspective, I need to think about why I did that and align Netflix's strategies accordingly. Even if I am not directly involved in the industry, it's a topic I am very interested in, and it's possible for almost everyone. In fact, I think many people would have agreed with my logic when I talked about Netflix two and a half years ago. Especially for those who watch Netflix frequently. But let me dare to say this, those who trusted me and bought Netflix back then are almost non-existent. Because it dropped by 50%.

I couldn't bear it because I couldn't bear a 50% drop. During these two years, there were really many things going on. For example, the secondary battery sector was also rising significantly, 10 times, 20 times, while Netflix didn't rise much compared to that. By going back and forth, you must have definitely captured the profit. I have never analyzed the secondary battery even once while it was rising. I think that the effort to analyze the secondary battery is not beneficial to oneself; it is harmful. I believe it's a waste of time. On the contrary, if I have a stock like Netflix that I know well, I will look at it once until I am fully confident, or if I am really confident when I say this, and if you buy that stock while it is falling and hold onto it for a long time, at least the same level of profit as me would have come out in two years.

If a profit rate like that came out, it's a really big profit rate. If this profit rate continues, actually, it could achieve economic freedom quite quickly because the profit rate is so high. So, now, I think it's important not to be too greedy and to look a little more at the stocks I know well. Oh, I really think the allocation is important. I have Samsung Electronics and Nvidia now. Yes, Nvidia had a profit rate of 400%. Yes, 400%. As for Samsung, I sold some a while ago, but anyway, at that time, it was around 20 or 30, but the profit is incomparable. Samsung Electronics is high because when I bought it, no matter how much I thought about it, it seemed like it wouldn't fall below that, so I was reluctant to allocate heavily, and I didn't think anything about Nvidia. Oh, that's right. As a result, how much I allocate to what I am sure about is really too important.

It's important, I tend to empathize a lot, so individual investors, rather than diversifying by investing in various things, should focus their investments like Kim Jakga did with Samsung. So, buying and selling timing, you mentioned selling earlier, but buying, for example, we've been hearing about Netflix even two years ago, and even before that, there are people who buy such stocks. When to buy, whether back then or now, the key point you mentioned is that the value remains unchanged. When you hear that, you might think you should always buy or something like that, but it's not always the case, right? No, it's not like that. Yes, it's not like that. You should always buy, depending on the value. This can vary psychologically, but economically speaking, holding and buying are actually the same decision.

It's like what you bought right now. Yes, so what you hold is a decision like buying. If you think about it, I've been holding for two years. That means I would have bought at some point in those two years. It means I can still buy if I need it now. So, since I have it now. But for those who invest based on value, it's only natural to do so. I know psychologically it may not be that way, but logically holding is essentially the same as buying. So, now, but if Netflix now has come as you mentioned, but the stock price could still go down further, maybe 30% or something, and you could sell at a lower price. Someday, you might have to cut your losses. If Netflix didn't perform well, you might have to cut your losses.

Over the past two years, so if I look back on whether I cut off my hands in the past two years, even though I thought positively about Netflix, there were some negative aspects. I'm not sure if I mentioned this two years ago or not, but the negative aspects I thought of were emphasized so much that I thought Netflix's foundation was shaking. At that time, what I was trying to sell was, for example, from the perspective of consumers rather than investors. Analyst reports will not have this kind of thing at all. If the idea of there is nothing to watch on Netflix persists, it still exists for someone now. However, I think how the idea of there is nothing to watch on Netflix is maintained is more important. There is nothing to watch on Netflix, but there is something to watch on Disney Plus now.

It's about food, right? However, except for this one, there is nothing to watch on Disney Plus, and there is nothing to watch on Netflix, but still, it's there. This is different, you know? Because when we watch Netflix, it's not about watching this compared to competitors, it's about watching this. So when I mentioned NVIDIA earlier, I said that we cannot analyze it because we don't know how competitors will come out. Companies that do not look at competitors, we cannot see. Now, little by little, I understand. For example, without watching Netflix, Disney Plus, Whatnot, or Wave, we cannot watch it. Clearly, even now, to someone, I might say, Oh, there's nothing to watch on Netflix, but if I say, Are you going to watch Disney Plus or TV? then everyone would say it's better than that. This is the moment it falls apart.

This is really subjective, but it varies from person to person, so I really have to be immersed in Netflix. I have to watch a lot of Netflix and watch it as soon as the new content comes out. Only those who are like this can think that this is now possible. However, in reality, if you approach this not as a consumer but from an investor's perspective, it can be different. For example, Netflix has also reduced investment in content during that time. But as an investor who only looks at numbers, it is impossible to know if that decision contradicts what I mentioned earlier. As a consumer, you can know that. That's why many investors actually think that it's better to approach investment from the consumer's perspective. Oh, now it kind of sounds like a lecture. Whenever I talk about YouTube, I always seem a bit distant, like that.

No, but something about the investment of a master. Oh, right. Should we do it quickly? If you check from what you just said until now, in the Korean market, even if it's not an index, when investing in stocks, it seems more suitable for short to medium-term investments rather than long-term investments. No, not at all. Isn't it the same in the Korean market? For example, I think it's meaningless whether it's listed in Korea or not. It's just that if it's a Korean company, the potential is already determined, right? The growth is not predetermined. It can be limited to Korea. Since there are not many Korean companies going global, but if there are Korean companies going global, the maximum should be viewed based on a global perspective. And for Korean companies focused on the domestic market, the maximum should be viewed in terms of the domestic market.

It's possible, but the maximum amount may vary, but in the end, from the perspective of long-term investment or investment itself, I think they are completely the same. And recently, I think there are too many Korean companies moving globally. So, if you carefully watch those companies, I am confident that there are many companies that can be invested in for the long term even more than foreign companies. If I may give you a little tip, for example, companies in cosmetics, food, or content industries are also the same. Companies expanding worldwide with such a trend, there are many companies like that, right? In fact, those companies are gradually targeting not Korea, right? There, I'll give you a hint once. If you look for it, it would be nice. Now, it has been over 20 years since you started investing in stocks. It's been more than 20 years, exactly 21 years. Are there any common characteristics or features of people who make money through stock investments?

It seems that there are many super ants or magnetic representatives around you, right? Yes, yes, yes. In my opinion, a common trait among those who are good at stock investing is what? Oh, I strongly agree. When I think about it, many successful people in stock investing are good at listening to others' opinions when expressing their own opinions, and they know how to maintain that balance well. So, I think that those who only stick to their own opinions without listening to others' opinions tend to fail. Also, I believe that those who are too stubborn when they should not bend their opinions also tend to fail. However, if you listen to the stories of successful people, when selecting stocks or having basic conversations, they are very open-minded until they complete a certain level of their own research. After that, they often close themselves off. Therefore, in reality, during conversations, it can be quite frustrating at times.

When you feel like you're logically right and persuading well, but still can't convince them, it's frustrating. However, I think it's because of those moments that they invest well. You need to be persistent, but there are times when you shouldn't be stubborn. You need to be flexible. Yes, in the end, you have to stick to your guns. In the end, most people operate their own YouTube channels, meet friends who play games around them, so why do most people fail? What do you think is the reason? So, one of the biggest reasons why most people invest is the timing. Yes, as I mentioned earlier, how many times did I recommend Netflix to Mr. Kim? Stop it, I was annoyed. Almost everyone is the same. When I mention a company...

One way to divide beginners and non-beginners is to recommend this type of graph that is sharply falling. Beginners really like that, right? Oh, it's getting cheaper now and then recommend something that has dropped for a long time, beginners like that. Oh, they like it. It seems like it's going to go up now, recommend a rebound. Beginners really don't like that, but many experienced people actually like the rebound. When it goes up to a certain level, they see it as a good opportunity. However, I haven't seen many beginners cling to the rise. Psychologically, I can understand that. But the better the company, the better the fundamentals, and the better the company, the fewer opportunities there are to buy when it falls. It's better to catch and buy when it's going up.

There are so many, so I think that just the act of timing too much and acquiring too much information is the biggest reason why beginners fail. I believe that just by diligently watching the sports you like and shutting your ears when you don't have any thoughts, and investing without any thoughts can actually save your time and increase your investment returns. Talking about psychology now, when I see investors around me, especially D.P., I don't know if he is originally a stable person psychologically or what, but it seems like he is a character who doesn't get too stressed out about investing. Oh, right? I wonder if it has always been like that in the past, or if it happened through some kind of upbringing, and just in case, even if DP's psychology collapses, it could happen, right? What.

When it comes to investing in the front, how do you respond comfortably? Yes, yes, I think you invested quite comfortably. Yes, I invest quite comfortably, and one of the biggest reasons for investing comfortably is that I think it is crucial for this to be a unique experience. If you have the experience of your thoughts being right just once, then you can stick to your own thoughts more. But I think this is luck because the success of a company is largely in the realm of luck. No matter how much I talk about Netflix, the reason I don't invest 100% in Netflix is that I believe a company's growth does not rely solely on logic. Surely, logic will play a significant role, but beyond a certain point, companies can fail due to non-logical factors. That's why no matter how

Some people think it's absurd to bring less than three portfolios. But if you bring more than three, I think it's somewhat excessive. Actually, if you bring about seven portfolios, most of those risks are covered logically. The first experience, even if it's just one stock, is actually a matter of luck. With that luck, even when the company was falling, I held on well. It's important to have faith in that one experience where it goes back up. Many successful investors in Korea don't wait as long as I do. Even in Korea, successful investors, when they talk about long-term investments, they don't mean as long as I do. They might consider 1 year, 2 years, or 3 years as long-term investments, but I consider 5 years or more.

Some people think of two years as a short-term investment. When there is a successful experience like this once, and that success comes from long-term investment, I think I can achieve psychological stability like me. However, in fact, to some extent, it depends on luck, so I think things like beginners' luck are also necessary. Right now, you, DP, have about five to seven different things combined, including index coins. This hasn't changed much in the last year or two. So, it hasn't changed, but as I mentioned, things like indexes, coins, and Netflix haven't changed at all. They haven't changed, and the rest have changed one or two. Right, that's about it. So, DP, now you have been investing for 21 years, and you also operate the Sin Saimdang channel, and you also operate your own DP personal channel, so you also meet individual people.

You can also meet through videos. Do you really think you can do well if you invest? Do beginners really do well when they study? What do you think? A countless number of videos and books have been released over the past few years. However, I think that individuals' investment skills have not actually improved. The way they study, I think, is completely wrong. In fact, the reason why I didn't want to just conduct interviews like this when I acquired ShinSaImDang is that I think pulling out various information at once is not the right direction for individual investors. This is a very good direction for YouTubers, but I think it's harmful to individual investors who want to profit through investments. However, if it's just harmful, it doesn't matter, but I think it's an extreme waste of time and money.

The method is actually an investment method where you have both time and money to spare. My personal investment method is the complete opposite of this. Currently, individual investors study investment through the media, and I think that if you continue this study without using your brain, you will naturally think that you cannot invest. However, it is absolutely not true that the content is wrong because the content presented here is clearly of very good quality. What I think is bad is not the quality of the content but the fact that there is too much information overflowing in this content. Therefore, you should judge for yourself how much you absorb from this content. In fact, I believe that absorbing a lot of information is not good for individual investors. Yes, that's right. I also have a lot of space.

I usually upload about 90 videos a month. My standard for uploading around 90 videos is based on the criteria that I receive notifications within 24 hours on YouTube. So, the standard for more than that is, considering YouTube's policies, if one individual subscribes to that channel, it might be burdensome to receive too many notifications. Of course, if I produce more videos, the basic costs such as equipment rental fees will increase, which cannot be easily absorbed. There are other things that can be utilized. But, well, I already have a lot up to this point. Actually, even 9 videos a month is a lot, so going beyond that might not be ideal, right? Lately, I've been feeling that viewers might think that way a bit. So, if you just watch my videos and Shin Saimdang's, the content quantity seems appropriate. I understand. It's time to finish now.

I believe DP, who has succeeded through investments, what principles do you have for investing, and what do you think is the most important thing in investments, especially in stock investments? I have mentioned it before, but do not look for exciting stocks. Instead, find something that you are confident will do well based on your consumer experience, and then allocate some weight to it. I think that just applying this method more than the investment method you are currently using will greatly improve the profitability. Also, before you leave, I have never asked you directly about specific investment options today. If you have 100 million won in cash, where and how would you suggest investing it? If you could give a little hint before you go. Actually, even if you divide what I have mentioned into one-minute segments, like 3 minutes, where, where, Netflix, SNP, Bitcoin, yes, if you divide it like this, it will be good.

I think it will be much more profitable than the experts. So, it's not that I'm doing this because I'm too lazy to talk, but actually, I think that even if you approach really good things simply like this, it will definitely be good. It's true that you don't have to make investments difficult to make more profit. Absolutely not. By any chance, do you have any last words you'd like to say personally to our viewers? It's been a while since I appeared, and after I recommended that Netflix last time, it did really well. As expected, you shouldn't trust people who invest in stocks. So, from now on, I've come prepared to only talk about the stocks that were mentioned in the past, and yes, so rather than thinking that I recommended a stock, when I mention this stock, I'm prepared to explain what logic I

Did you talk about it and really continued that logic for two years, proving it over time? I would appreciate it if you could focus on logical things based on those things. Will Kim Jakka TV continue in the future? Of course, Kim Jakka TV should continue because it's possible, just like Shinsaimdang. Yes, we think it will definitely be possible. I understand. Nowadays, Shinsadang Channel is also undergoing new changes, so I thought it might be helpful if many of you subscribe to Shinsadang Channel and watch it, wouldn't it? Today, our guest is investor DP. Thank you very much for spending your precious time with us. Thank you for your hard work today, Kim Writer. Thank you.

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[1번째 책: 동기부여] 날개가 없다, 그래서 뛰는 거다
[2번째 책: 취업] 인사담당자 100명의 비밀녹취록
[3번째 책: 몰입] 최후의 몰입
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[9번째 책: 경제경영] 머니 트렌드 2023
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[11번째 책: 에세이] 내가 천 개의 인생에서 배운 것들
