Broadcaster Jo Hye-ryun revealed that her investment in SK Hynix stocks led to reduced profits as she continued to buy more shares whenever the stock price rose.
On October 20, Jo appeared on the YouTube channel 'Money in the Trap.'
During the episode, she stated, "I bought SK Hynix shares at 870,000 won. When the stock price reached between 2.5 million and 2.7 million won, I was excited by the market sentiment that it would go up to 4 million won, so I kept buying more shares in between."
However, Jo expressed that she is not currently inclined to make additional purchases, saying, "I don’t want to invest right now. The current atmosphere is not one for entering the market; it’s more about holding on."
She also emphasized the risks of investing in stocks using borrowed money, stating, "It’s really true that you should invest with spare funds."
Jo pointed out, "When you buy quality stocks and they rise, you might think about borrowing to buy more. But what happens if those quality stocks fall? You end up stuck after thinking, 'Isn’t it better to make a profit of several tens of percent?'"
She advised, "If you have bought good quality stocks, I hope you can hold onto them until 2030."
Meanwhile, according to the Korea Exchange, as of 9:22 AM on October 22, SK Hynix shares were trading at 1,282,000 won, down 12,000 won from the previous trading day.
* This article has been translated by AI.
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