Advice from Park Hyun-joo, Chairman of Mirae Asset, for Beginner Investors: "Diversify Investments with ETFs and More"

[Asia Economy Reporter Song Hwajeong] Park Hyun-joo, Chairman of Mirae Asset Financial Group, emphasized diversified investment in exchange-traded funds (ETFs) as an investment strategy to minimize losses for 'Joorini,' a term referring to stock market beginners.

In the third video titled "I Was Once a Joorini Too," released on the 21st on Mirae Asset Daewoo's YouTube channel 'Smart Money,' Chairman Park gave this advice. He said, "One of the ways to teach how to live in the world is financial education, which is extremely important," adding, "The best education is through direct experience, but if you invest a little each month in ETFs rather than individual stocks, you will incur fewer losses and face no major problems."

He emphasized that such investment is important for retirement. Chairman Park stated, "For a comfortable retirement, it is necessary to invest regularly in pensions and other funds starting now," and added, "If you do not invest in pensions or stocks, I believe there is a high possibility of living in poverty during old age."

He particularly stressed that diversification is the most important aspect of investing. Chairman Park said, "Because I have diversified investments in various ways, I have never made a fatal mistake," explaining, "Since founding Mirae Asset, there has never been a year with a deficit because assets were allocated diversely across stocks, bonds, and ventures. Diversified investment is especially important for Joorini."

As promising ETFs that Joorini might be interested in, he pointed to new industries such as solar power. Chairman Park explained, "Sectors that are just starting now are likely to span this generation."

Additionally, Chairman Park advised not to become overly obsessed with stocks and to avoid being easily influenced. He said, "Making money in life is important, but doing your own work well is also important. Being overly absorbed in stocks can mean failure in life," and added, "Also, being easily swayed is a no-go in investing. You should realize and buy on your own, and it is not desirable to invest based on someone else's recommendation."

Chairman Park forecasted further growth in the securities industry. He said, "While everyone has a bank account, not everyone has a securities account, so there is still a long way to go," and added, "The securities industry will have a much better growth trajectory compared to banks."

This content was produced with the assistance of AI translation services.