How to live in Korea without an expert !! 2008-09-18
In this column, I try to think about how to live in various confusions in Korea these days . The economic difficulties are serious in the world these days. Not long ago, oil prices skyrocketed and everyone was not worried. The exchange rate has also skyrocketed due to the government 's wrong exchange rate policy. It is a frenzy that the family of the goose as well as the enterprise die.
Dozens of robust mid-sized construction companies have been banned. Samsung, a large company, also recorded a 75% year-on-year decline in revenue. I earned about 10 billion, but last year I earned 2.5 billion. As a result, many people lost their jobs through restructuring.
Only 9 months? Even if it was only last year, one article per one person nationwide was published in a newspaper. Many of the students have asked me if it would be better to buy stocks or funds rather than auctions because the US subprime mortgage crisis has lowered US real estate prices. Of course I did not hear that, but I answered my auction and work hard. Of course, I explained the reasons why I think so. I heard that the subprime crisis ended in a day or two or a month or two. It's just the beginning.
The current news that this article is writing says that oil has fallen to $ 86. Good luck with that. However, yesterday's news was that the famous AIG life insurance went just before the bankruptcy, and Lehman Brothers went bankrupt. This economic downturn in the United States will soon be a powerful destructive force for Korea and other countries.
It is really sudden. The economy has been plummeting from the beginning of the year like a counter punch suddenly. What the hell is the problem?
You have a boat. By the way, is there wave? Under these good conditions, everyone will be fine. When the conditions are good, nobody doubts even if anyone claims to be an expert. However, when conditions deteriorate, you can easily distinguish who is actually an expert and who is fake.
This is the economic situation of Korea these days.
Many investors choose and execute a variety of investment techniques to make more money. In this process, what judgments do you decide on your investment? In my case, of course, I would like to choose an investment technique with a probability of almost 100% as a result. And the other person's words are just references, and they never believe.
By the way, what about the majority of people? I believe in people who are so-called experts in newspapers and media. And I believe very well what you say in a well-known business or what the government claims. The government is an organization, of course, it is reliable. And if you are a good person, I will also interview you in the media. I will ... I believe that investing in someone who believes in him will surely succeed.
I will speak from the conclusion.
There are no specialists in Korea. I'm not saying there is no 100%. It is not common enough to be easily accessible to the general public.
Let 's think about the government first. The government was banned only 10 years ago. And in just a few months, the country is in a state of economic collapse. And let's think about the stock experts. In every newspaper, like fortune teller points on TV, stock price will rise as predicted. How many bullshit do you hear? Have you ever heard of building a stock house? What? I have never seen a rich person in the workplace. Will there be more than hundreds of influences on stocks? Who do you dare to predict? It's just absurd.
Let's think about the fund. How hard and how often have you misled people in the media, as if everyone were rich? Reporters will just write a good article if you give them a few pounds of money. You believe such an article without any doubt. Now there is no fund advertising.
When the subprime crisis first started last year, what did the government or large-scale securities company say? What did the press say? Did not you say it was okay? I also saw that this would go on for at least a year or two and up to several years at the time. By the way, it's okay with the government, media, securities companies and investment companies, so many investors are investing more money. There will be many can accounts now.
What about real estate? Who are real estate professionals? Are you just a statistical source or an expert on the subject? Everyone who is called real estate experts seems to be a fortuneteller. The weather forecast is wrong. How much bullshit did you do? Is it so difficult to know how easy it is to have such information displayed in front of you, such as the Grand Canal, the Innovation Innovation City, the Happy City, the reconstruction, the redevelopment,
Bankruptcies and mergers and spending on government grants for a few days in America will continue to have a negative impact on Korea in the future. Especially in the case of AIG insurance, I was more afraid.
Let's think about it.
Do you have a specialist in Korea? Big business economics research institute, economic ministry officials, brokerage firms, investment companies, real estate fields, etc .. Nobody predicts the game. However, it just looks good because there is more money.
Do you want to live well? I will let you know the answer. First, value your property yourself and invest in your subjective judgment. The president of the investment company says that he can look forward to the Chinese fund .. I told him that he was okay in the morning newspaper, who made some money, where to buy it, etc.
People who are so-called experts do not pay any attention to the loss of your personal wealth. Without any specific information and instructions to succeed in investing, you can only hear the sounds that can be heard everywhere if you hear it all around.
There is no law to live in Korea without a specialist. Do not trust the truth and face others. But that does not mean to distrust. However, please hear a lot and investigate a lot. And, just do your own judgment. There is no solution other than this.
Can you believe the government? A famous person? In the newspaper? I hope you will stop thinking naive.
President of Korea Honorary Society Tka3000@hanmail.net
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