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14-11-2022, 08:41 AM
Those in their 30s comprise the bulk of investors here who took out loans to engage in a buying frenzy of stocks and real estate during the height of the COVID-19 pandemic between 2020 and 2021, emboldened by ultra-low lending rates.
Few of them would have expected the market to enter the current period of acute adjustment prompted by the U.S. Federal Reserve's unprecedentedly hawkish monetary policy.
"I took out a non-collateralized loan of 100 million won ($73,500) in 2021, and invested all of it in Korean and U.S. stocks, hoping that the market will remain bullish for more years to come," an office worker in his 30s said. "But the value of my assets ended up decreasing by half less than a year after I made the investments. I came to realize that I entered the market at the end of a bull cycle."
https://www.koreatimes.co.kr/www/biz/202...39550.html
Few of them would have expected the market to enter the current period of acute adjustment prompted by the U.S. Federal Reserve's unprecedentedly hawkish monetary policy.
"I took out a non-collateralized loan of 100 million won ($73,500) in 2021, and invested all of it in Korean and U.S. stocks, hoping that the market will remain bullish for more years to come," an office worker in his 30s said. "But the value of my assets ended up decreasing by half less than a year after I made the investments. I came to realize that I entered the market at the end of a bull cycle."
https://www.koreatimes.co.kr/www/biz/202...39550.html
