Stock Picks - Darlings and Dogs

How successful have you been in trading your own equities, etfs and funds ?

  • Extremely successful (make a living off my takings)

    Votes: 11 3.0%

  • Beating passive investment returns

    Votes: 157 42.7%

  • About par with normal returns from banks and money markets

    Votes: 66 17.9%

  • Lost a few pennies of spare cash to play with

    Votes: 40 10.9%

  • Should have rather left my money in the bank

    Votes: 35 9.5%

  • Took a knock

    Votes: 27 7.3%

  • Cremated

    Votes: 32 8.7%
  • Total voters
    368
People never learn from history.

‘My life’s screwed’: Korean investors stress out after AI bubble bursts

Song Mi-kyung pocketed a profit of about Won300mn ($200,000) earlier this year as South Korea’s stock market surged on the AI boom.

The 60-year-old Seoul resident has now found out the hard way that stocks can go down as well as up after a wild week on the Kospi. Her portfolio now shows a paper loss of more than 60 per cent as the index heads for a record monthly loss, down nearly 40 per cent from its June peak.

“The losses are ballooning day by day. I am really stressed out. I don’t know what to do about it,” she said. “I’ve never seen such rapid falls, not even during the Asian financial crisis. I’m about to give back all the gains I’ve made this year.”
Click to expand...

The brokerage Korea Investment & Securities said on Wednesday that nearly half of its 880,000 clients who bought Samsung shares were now sitting on losses, while nearly 70 per cent of its 408,000 investors in SK Hynix were also in the red.
Click to expand...

Big culprit? Leveraged ETFs...

Part of the problem was regulators’ decision in late May to approve 16 single-stock leveraged ETFs tracking Samsung and SK Hynix, which have been blamed for amplifying moves in indices and individual stocks. Most of these products have fallen more than 60 per cent since their debut.

“The leveraged funds became a trigger when the market was already due for profit-taking,” said Jongmin Shim, an equity analyst at CLSA.
Click to expand...
 
I see the JSE ALSI index is not updating since this morning
 
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