Invest Like Savings... Toss Securities' 'Stock Collecting' Surpasses 100,000 Users
Investment Proportion Evenly Distributed Across All Age Groups
[Asia Economy Reporter Lee Myunghwan] Toss Securities announced on the 31st that its 'Stock Accumulation' service, which started in March, has surpassed 100,000 cumulative users. 'Stock Accumulation' is a service that allows users to periodically purchase stocks, similar to installment savings and installment funds.
The top 5 popular stocks in Toss Securities' 'Stock Accumulation' service were Tesla, Apple, Starbucks, Samsung Electronics, and Coca-Cola. These stocks share the common traits of having a high price per share or representing their respective industries. It is also notable that four of the top stocks are overseas stocks, indicating a high proportion. Toss Securities explained that this reflects a strong preference for overseas stocks in the 'Stock Accumulation' service due to high interest in U.S. stocks.
By age group, users of the Stock Accumulation service showed a balanced investment distribution from their 20s to 50s. The proportions were 20s (27.3%), 30s (25.9%), 40s (27.7%), and 50 and above (19.1%), showing no significant differences. This is interpreted as a high demand for installment-type investments to respond to inflation and to prepare seed money.
Stock Accumulation can be applied for through the Toss Securities main screen settings menu or individual stock settings menu. Both domestic and overseas stocks are available for investment, and the investment cycle can be set to the desired period. Orders are automatically placed at a price 3% higher than the current price at the designated time and are executed at the most favorable price below that amount. Overseas stocks can be traded in real-time fractional shares starting from 1,000 KRW units, and as of August, there are 3,578 available stocks for investment.
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A Toss Securities official explained, "In a highly volatile market, installment-type stock accumulation allows investment with small amounts and can lower the average purchase price during stock price adjustments," adding, "It is suitable for investors who want to invest long-term in blue-chip stocks or seek stable stock investments."
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