「Title: South Korea’s stock market hits an all-time high… KOSPI surpasses 3,700 points. Are we entering the era of 4,000 and 5,000?
Today, the KOSPI has pierced through the 3,700 mark, setting a new, all-time high. Starting from last week, the KOSPI has been continually setting new records. It has been surging since it was announced that Iljoo Construction and Daehoo Construction were selected as the entering groups.
In particular, Daehoo Construction, an affiliate of Jeonil group, is currently hitting the upper limit of 29.99%, while Ilsung Electronics, which had raised high expectations, is unable to escape the lower limit of 29.99%.
Today, KOSPI showed a record-breaking ten percent surge, breaking through 3,775 and leading global stock markets.
Yesterday, Lee Dae-Jin, the head of the investment strategy team at Daehoo Securities, said, “We are on the verge of entering a new era for our civilization. The preference for risk assets in the global financial market is being clear.” He added, “We had anticipated the all-time high of 2,600 points within this year, but now any prediction seems meaningless."
According to the Korea Exchange, individual investors have net bought 'KODEX Leverage' worth fifteen trillion won since the boom began on November 12th. This ETF tracks twice the daily return of the KOSPI 200 futures index. If the KOSPI 200 futures index rises one percent in a day, this ETF rises by two percent.
Individual investors who have invested in this ETF have made a nearly 180% return in the past three weeks due to the index's surge. The all-time highs in global stock markets, not just the KOSPI, are believed to have stemmed from high expectations about the outer space venture following an agreement among the top ten global investment firms four days ago.
ments:
└It's not too late. Considering the scale and level of civilization of Saint Dragorin, the venture has no choice but to expand.
└This is a once-in-a-lifetime opportunity in human history. It's a blessing for all of us to live in this era. Isn't it time for the three pillars of God Odin?
└Goddin! Goddin! Goddin!
└Should I enter now as it keeps rising?
└I predict 5,000 points tomorrow. Hurry up and board! Surely no one is foolish enough to short the market now.
└I crave gains.
└The leader is not Daehoo Construction but Ilsung Electronics. Think about who the president of the World Awakened Association is. It's an obvious fact.
└Do you think the association president would be interested in the likes of Ilsung? Why would he care about a mere planet when he lives like an emperor? Anyway, I hope you don't jump into the Han River. You're not the only one invested in Ilsung, okay?
└The moment financial sanctions are announced, everyone here will collapse. They say sanctions are ing soon.
└If you're jealous, invest too. Just sell your soul to get more money. Why the negativity in this glorious era?
└Goddin! Goddin! Goddin! Let's break the upper limit of leverage tomorrow!
└King Association~ Please give us one more big win!
└There's no supply for Daehoo Construction. Give us a chance. Let's share the profits. It's unfair.
└It's too strong today. Go easy. We need to go long, right? It's not a one-time business.
└Yes! I entered at the opening and made a 15% profit. I only trust Him! KOSPI 10,000, let's gooo~
└Goddin! Goddin! Goddin! Amen. 」
...Damn, should I try it too?
As Seong-Il read the article, he became more anxious. While he was drowning in ever-increasing interest, everyone else seemed to be thriving.
I should've held back, even for Hera's sake.
Kim Ji-Hoon left for outer space urgently, claiming his neck disc had burst, and Hera left for another purpose. In the end, the loan repayment issue was not resolved at all.
However, the reason why he couldn't hold onto Hera was because of one fact that Kim Ji-Hoon had shared. How could Hera, just because of her name, have had such a massive amount of fifty billion dollars?
She had borrowed that money from the U.S. government. In return, Hera promised to pressurize the association so that a pany designated by the U.S. government could venture into outer space.
That was why Hera's current location was the headquarters of the World Awakened Association.
Although I'm trapped, I'm still grateful.
He didn't know why she had shown such favor to him. But there was one unchanging truth in the world that there was no such thing as a free lunch apart from the interest.
Seong-Il sighed again.
...Why did I get involved? What should I do now?
His eyes naturally turned to the monitor.
...Stocks.
***
Of course, Seong-Il knew that if he mishandled stocks, it would be a total disgrace. But this thing called 'leverage' has recorded a 180% return in just three weeks. So, if he put in 100 million won, he would earn 180 million won.
If I had put in fifty billion dollars, how much would that be?
It turned out that stocks from the selected panies, Daehoo Construction and Iljoo Construction, were unbuyable even if he wanted them.
If I have to buy, I have to buy leverage, but what's leverage? What is ETF?
The internet explained it as follows: it's like a stock, but it's not. It's like a fund, but it's not.
In a nutshell, it was a stock that operated like a fund, but Seong-Il found it hard to grasp this concept. Fortunately, there were many reference videos on YouTube. In these times, when almost everyone was into stocks, he didn’t even have to search. Popular remended videos were all about them.
「Elementary students understand Leverage ETF.」
「Invest in ETF (Leverage) right now, the greatest era of humanity!」
「Ten hard-carry tips learned from gamer_butler's play.」
「Pay attention to the potential value of Saint Dragorin.」
There were more.
「Stock Market Bubble - unprecedented rapid rise. Clear signs of overheating. Relying solely on rosy hopes without real performance.」
「97 IMF Crisis, 00 IT bubble, 08 Subprime, this July's King of Hell hearing... The strongest crash is approaching.」
Videos from so-called financial experts with negative views were also visible. But Seong-Il wasn’t interested in that. Seong-Il grabbed a pen and paper and started watching the video titled "Elementary students understand Leverage ETF."
After a few viewings, he roughly understood the concept of ETFs.
So, it's a product created to invest in stock indices. There are indeed brilliant minds in the world. How did they e up with this?
Simply put, the stock index included all the stocks in the market. So, if a financial pany, like Ilsung Securities, linked all the stocks on the market to an ETF product? The product would naturally move according to the stock index.
In other words, buying an ETF had the effect of diversifying investments in all domestic panies listed on the KOSPI! The exact mechanism of how ETF prices were determined was related to the existence of LP (Liquidity Provider) and future prices. But individuals only needed to know the basic concept.
Indeed, nothing is as important as diversifying investments! This is a great discovery.
Seong-Il had heard that diversifying investments was important in stock investment. He felt like he was seeing things with fresh eyes. If he had bought leverage earlier, then he wouldn't have to fret about the interest.
He immediately picked up the phone. He was calling where a substantial amount of money, which Hera lent him or to be precise, the US government acmodated and lent back through Hera, was tied up. It was a call to the US headquarters of SOB (Sun of Bank).
"As you know, fifty billion is a significant amount for us. Therefore, we need some preparation time. As you know, Mr. Caliber…>
Reviews
All reviews (0)