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seoulunitarian
Joined: 06 Jul 2004
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 Posted: Sat Dec 10, 2005 1:30 am Post subject: Investing |
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| What's the easiest way to invest money while living in Korea? |
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HapKi
Joined: 10 Dec 2004
Location: TALL BUILDING-SEOUL
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| Posted: Sat Dec 10, 2005 2:10 am Post subject: |
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Become a member of a �� �� (financial institute), and start researching Korean stocks.
You need your alien reg. card. |
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bobbyhanlon
Joined: 09 Nov 2003
Location: 서울
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| Posted: Sat Dec 10, 2005 3:47 am Post subject: |
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korean stocks are awesome, but be careful if you don't have much experience with investing. they are extremely volatile..
by the way do any other people on this board invest in korean stocks? perhaps there should be a thread for this where people can discuss their opinions, etc. |
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itaewonguy
Joined: 25 Mar 2003
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| Posted: Sat Dec 10, 2005 3:51 am Post subject: |
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stocks = gambling!
thats why they call it gambliing! and not winning!
you have better odds going to the casino and laying down 1million won on black! |
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buylow sellhigh
Joined: 18 Oct 2005
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| Posted: Sat Dec 10, 2005 7:03 am Post subject: |
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I am an equties trader at a major brokerage house in Yoido. Now is probably not a very good time for the individual investor who doesnt know too much about Korean markets to begin investing due to the domestic indices being as inflated as they are.
But if you do want to invest despite my advice, the best stocks out there right now are smallcaps. I only deal with institutional investors and our clients generally stay away from smallcaps due to liquidity constraints (Which the individual investor doesnt have to worry about since I assume you wont be buying in huge amounts). Therefore, these stocks are the ones least likely to have been fully exploited by savvy investors. The Major disadvantage is that since larger investors dont invest in these companies usually, they are almost never covered by analysts at any of the brokerage houses in Korea. |
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Bee Positive
Joined: 27 Oct 2005
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| Posted: Sat Dec 10, 2005 7:17 am Post subject: |
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| buylow sellhigh wrote: |
I am an equties trader at a major brokerage house in Yoido. Now is probably not a very good time for the individual investor who doesnt know too much about Korean markets to begin investing due to the domestic indices being as inflated as they are.
But if you do want to invest despite my advice, the best stocks out there right now are smallcaps. I only deal with institutional investors and our clients generally stay away from smallcaps due to liquidity constraints (Which the individual investor doesnt have to worry about since I assume you wont be buying in huge amounts). Therefore, these stocks are the ones least likely to have been fully exploited by savvy investors. The Major disadvantage is that since larger investors dont invest in these companies usually, they are almost never covered by analysts at any of the brokerage houses in Korea. |
Buylow:
Your byline really caught my eye!
I've been trading currencies as a hobbiest for a couple of years now, and have come through trial and error and sweat and agony and tears to the realization that
BUY HIGH, SELL LOW
is the only CONSISTENTLY effective way to beat the market.
Selling below the current price, and buying above, using limit orders on a fixed, incremental basis, is the only way to guarantee that a move against your expectations will not wipe you out. In fact, setting up your trades in such a fashion, provided that you've got your execution under control and have placed fixed TPs and SLs, very nearly GUARANTEES that you will make money in either direction. Buying low and selling high, in contrast (ie, trying to pick tops and bottoms) very nearly guarantees disaster.
But, as I say, I'm still just a "hobbiest" at this point, and I'm talking forex here, not stocks.
GOLD and SILVER have been the smart bet over the past couple of years, and as tangibles remain a decent longterm bet in an uncertain world.
You can change your won into gold at Jongno 3 ga. Probably not a bad way to go, even if there is a short-term correction coming up.
BEE POSITIVE |
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bobbyhanlon
Joined: 09 Nov 2003
Location: 서울
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| Posted: Sat Dec 10, 2005 10:05 am Post subject: |
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wow... a fellow trader, i never realised there were others on here! i've been trading US equities from Korea (believe me there are reasons for this..) for the past one year. i work for a business started by a group of gyopo dudes who made some very fast fortunes on wall street during the internet stock mania time.
anyway my experience has taught me that for the uninitiated, itaewonguy is pretty much spot on. and at least in a casino, you get free drinks!
the korean market is especially volatile (and there's plenty of manipulation around, especially in the small cap area) so you should really be careful. if you aren't an experienced investor/trader, you should probably just go with mutual funds.
anyhow... for those who still want to do it, lets get some kind of korean stock discussion group going. |
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rapier
Joined: 16 Feb 2003
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| Posted: Sat Dec 10, 2005 10:16 am Post subject: |
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Sounds interesting..and I respect anyone who knows what they're doing here.
i once heard that the best investors are the most socially active people. they know what is popular, what is fashionable, and what is most likely to take off in the next year. |
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canuckistan
Mod Team
Joined: 17 Jun 2003
Location: Training future GS competitors.....
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| Posted: Sat Dec 10, 2005 11:48 am Post subject: |
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| Quote: |
| GOLD and SILVER have been the smart bet over the past couple of years, and as tangibles remain a decent longterm bet in an uncertain world. |
Only until the central banks, which are sitting on tonnes of the stuff, start selling it again. |
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