To The Moon

Korean stockholders are selling their homes to raise money to bet on $Tesla Motors(TSLA)$ . During the pandemic, Korean retail investors bought $15 billion of Tesla shares, becoming the seventh largest shareholder of Tesla, with a 1.6% stake. The Korean shareholders' stake is even more than hedge funds. According to Bloomberg, Park Sunghyun and her husband sold their home in Seoul, moved into a rental apartment with their 7-year-old son, and plowed the family's $230 , 000 of savings into shares of $Tesla Motors(TSLA)$ Why do Korean investors All IN the stock market? 1. From Investing in Property to Stock Market Traditionally, Koreans prefer to invest their money in real estate. But property investments have become unaffordable for the average person. In October 2021, an average apartment in Seoul was traded for more than 1.2 billion won, equivalent to $870,000. So most Koreans are turning to the stock market. In Korea, stocks are "long-term savings." Korean stockholders believe that as the companies continue to grow stronger, stockholders profit from the stocks. 2. Retail Investors Profit From the Rally after Pandemic During February and March 2020, the Korea Composite Index fell by more than 36%. Korean investors started to buy the dip aggressively. To rescue the market, South Korea introduced a series of emergency measures in late March 2020, including a temporary ban on short-selling in stocks. After the "short-selling ban" was introduced, the Korea Composite Index jumped a cumulative 123.38% from its March 2020 low, making it the most bullish stock market in the world. During this period, retail investors who aggresively bottom fished stocks really earned much money. But Their Speculations Have No Fairy Tale Ending Unfortunately, despite the fact that Koreans love speculation so much, the results are not so good. It was reported that 5 of the top 10 stocks bought by Korean retail investors were in the red. In addition to stocks, Koreans are also keen on cryptocurrencies. LUNA cryptocurrency also collapsed this year, with the original $40 billion plunging to near-zero. People who speculated on coins were on the brink of debt disaster. Some of them jumped off the bridge and ended their lives. Bottom Line Today's Koreans love all speculation and see these high-risk speculations as the only way to achieve wealth freedom. They sell their houses and borrow money to speculate on stocks and cryptocurrencies. They bet almost everything in their lives to "change their destiny". The huge gap between the rich and the poor is a multiple choice questions for Korean young people. Tanking? Or desperate? Or speculate in stocks? It's an inevitable phenomenon, and a sad story. Hope $Tesla Motors(TSLA)$ can achieve more miracles and "save" these investors. Do you agree with their agressive investing style? What's your investing philosophy? Share your thoughts in the comments section to win tiger coins~