Actor Choi Guy-hwa said his three children's stock return was 290%.
Choi Guy-hwa said on the 29th of last month, "The purpose of posting this is not to boast about successful stock investments, but rather a piece intended to warn others not to make the same mistakes I did."
He said, "Three years ago I started teaching financial studies to my three children while at the same time buying stocks for them. I had them invest 100,000 won each month, or save allowance or New Year money to invest," and added, "Although the amounts were not large, because purchases were made consistently, dividends and compound interest accumulated and, surprisingly, reached a 290% return."
He continued, "As you can see from the verification photos, the return rate is high but the total profit is not large. Looking back, there is also the regret of 'what if I had increased the investment a little more?' The reason I'm sharing this is that I gained my own enlightenment about how to invest in stocks."
He said, "In fact, my personal return after six years of stock investing is almost zero. The reason is frequent trading, so-called day trading. Having restarted financial studies with my children, I am somewhat recovering through small, periodic investments using ISA accounts and pension savings funds + revenue + dividends + compound interest," and he confessed, "One more thought that comes to mind is… if my parents had opened even a small regular stock investment in my name 50 years ago, what would it have been like? They would have experienced a lot of volatility, but it would have become a solid asset and eased their hardships."
He also said, "This is precisely why we should recognize stock investing not as gambling or speculation but as financial asset investment education for the future," and recommended, "The core message I want to convey is this: no matter how much you study, it is not easy for an individual to beat the stock market. So if you have stocks you want to invest in or a sector you have sufficiently analyzed, focus on ETFs and make regular small investments even if the amounts are modest. This is especially true for a child's account."
He especially said, "My second child is already excited at the thought of selling one share they own and using that money to go to an amusement park on Children's Day."
Finally he added, "If you are unlikely to be wealthy enough to pass down assets to your children, start studying financial investment with your children now. Right away!"
Meanwhile, Choi Guy-hwa showed strong performances in films such as Train to Busan, A Taxi Driver, and The Roundup, rising to the ranks of a "triple 10-million actor." He also acted as a scene-stealer in various hit works, following the Netflix Squid Game Season series with tvN Bon Appétit, Your Majesty and Disney+ The Murky Stream.
[Photo] OSEN DB
[OSEN]