Best Investing Apps in South Korea ( For Beginners )
Summary
TLDRIn this informative video, Yasin addresses the needs of foreigners looking to invest in South Korea by discussing the best investing apps, the importance of eligibility, and the necessity of a consistent investment strategy. He warns against potential scams, recommends starting with small investments, and suggests index funds and tech companies as viable options. Yasin emphasizes the value of long-term planning and consistency for potential wealth accumulation, while also inviting viewers to engage with the channel for further questions and support.
Takeaways
- 🌐 The video is about the best investing apps in South Korea for foreigners.
- 🤔 Three key questions for foreigners to consider before investing in South Korea are: eligibility, duration of stay, and consistency of investment.
- 📱 There are various investing apps available, but caution is advised due to the presence of scams; recommended to use legal securities offices.
- 🏦 Securities offices like Namu, Chang, Shinhan, and others are suggested for their legality and low fees.
- 💰 Start with a small investment, like 50,000 Korean won (less than 50 USD), to learn the basics of investing and trading.
- 🕊 If staying less than a year in South Korea, investing is not recommended for wealth gain, but learning purposes are acceptable.
- 📈 For long-term stays, investing in tech companies or index funds is suggested, as they are well-analyzed and offer potential growth.
- 🌍 Foreigners with a valid visa can invest in foreign stocks, such as US, Canadian, or Australian, through South Korean securities offices.
- 💼 Consistent investing is crucial for portfolio growth; sporadic large investments are not as effective as regular smaller ones.
- 📊 A long-term investment plan, ideally starting from an early age, is recommended for those aiming to become rich or retire wealthy.
- ✉️ The presenter offers to answer specific questions through video, chat, or phone calls and encourages viewers to subscribe and engage with the channel.
Q & A
What is the main topic of the video?
-The main topic of the video is about the best investing apps in South Korea for foreigners.
What are the three key questions the presenter suggests foreigners should ask themselves before investing in South Korea?
-The three key questions are: 1) What are the investing apps? 2) How long will you stay in South Korea? 3) Are you able to invest consistently?
Why does the presenter warn against using certain investing apps without proper research?
-The presenter warns against using certain investing apps due to the presence of scammers who aim to take away investors' money.
What type of places can foreigners go to for advice on investing in South Korea?
-Foreigners can go to securities offices in different cities in South Korea, such as Cookman Securities, Uri Securities, Samsung Securities, and Hyundai Securities.
What is the recommended initial investment amount for someone new to investing in South Korea?
-The recommended initial investment amount is 50,000 Korean won, which is less than 50 US dollars.
Why does the presenter advise against investing in South Korea if you are staying for less than a year?
-The presenter advises against investing for less than a year because it's unlikely to make significant money or get rich in such a short period.
What types of stocks does the presenter recommend for foreigners looking to invest in South Korea?
-The presenter recommends tech companies like Coupang and KakaoTalk as well-analyzed stocks, but also suggests index funds as a safer option.
Can foreigners invest in foreign stocks while in South Korea?
-Yes, foreigners can invest in foreign stocks such as US, Canadian, or Australian stocks in South Korea as long as they have a legal status and a valid visa.
What is the importance of consistency when it comes to investing in South Korea according to the presenter?
-Consistency is important for portfolio growth. Investing a small amount regularly can lead to significant growth over time.
What is the presenter's advice for those who are in their early 20s or 30s and considering investing in South Korea?
-The presenter advises that starting to invest in the early 20s is highly recommended, and even in the early 30s, it's still okay to start as long as it's done consistently with a long-term plan.
How can viewers get in touch with the presenter for more questions or assistance?
-Viewers can comment below the video, or contact the presenter through email for more questions or assistance.
Outlines
🤑 Best Investing Apps in South Korea for Foreigners
Yasin introduces a video aimed at helping foreigners find the best investing apps in South Korea. He emphasizes the importance of three key questions for potential investors: the legitimacy of the apps, the duration of their stay in South Korea, and their ability to invest consistently. He warns against scams and recommends starting with small investments to learn the ropes. Yasin suggests visiting local securities offices for guidance and mentions a few, like Namu Chang and Shinhan. He also advises on the importance of investing in index funds and the possibility of investing in foreign stocks with a valid visa.
💼 Long-Term Consistent Investing for Wealth Accumulation
The second paragraph focuses on the importance of a long-term investment strategy for building wealth. Yasin advises against the misconception of getting rich quickly and instead promotes the idea of consistent, monthly investments to grow one's portfolio gradually. He suggests that starting early, even in one's 20s, and continuing to invest consistently can lead to significant wealth over time. Yasin also touches on the possibility of transferring investments back to one's home country after living in South Korea for an extended period, highlighting the role of technology in making such transfers feasible.
Mindmap
Keywords
💡Investing Apps
💡Eligibility
💡Securities Offices
💡Consistency
💡Portfolio
💡Index Funds
💡Foreign Stocks
💡Long-term Plan
💡Tech Companies
💡Risk
💡Scammers
Highlights
Yasin introduces the video's topic: the best investing apps in South Korea for foreigners.
Foreigners often ask for recommendations on investing apps in South Korea.
Investors should ask themselves three key questions before investing in South Korea.
The first question is about the legitimacy of the investing apps.
The second question is about the duration of the foreigner's stay in South Korea.
The third question is about the consistency of investment.
Yasin advises subscribing to the channel for more informative videos.
Different types of securities offices in South Korea are mentioned as reliable sources for investment.
A warning is given about potential scams in online investing apps.
Recommendation to start investing with a small amount to learn the process.
If staying less than a year in South Korea, investing may not be recommended.
Long-term stay in South Korea makes investing more viable.
Tech companies like Coupang and Kakao are suggested as well-analyzed stocks.
Index funds are recommended for a safer investment approach.
Foreign stocks can also be purchased in South Korea with a valid visa.
Consistent investing is emphasized for portfolio growth.
A long-term investment plan is crucial for wealth accumulation.
Yasin offers to answer questions through various communication methods.
The video concludes with an invitation to subscribe and engage with the channel.
Transcripts
hey guys welcome back to the channel
this is yasin in this video i'm going to
share with you what are
the best investing apps in south korea
for foreigners there are many foreigners
that they'll keep messaging me they'll
keep
emailing me okay please recommend me
some investing apps to invest in south
korea as a foreigner okay guys okay dear
foreigners okay if you are planning to
start investing south korea you should
be able to answer these three questions
because you should know that are you
eligible to invest in south korea or not
okay the first question is what are the
apps investing apps the second one is
how long will you
stay in south korea
the third one is are you able to invest
consistently or no okay these are the
three questions
before you start investing okay guys of
course you're not investing just right
now please subscribe the channel hit the
like button that you can watch my new
videos and if you have any question
please comment below i will make a video
just with your question to answer your
question i will just make one video
well guys and if you have a specific
question is still just email me i will
definitely answer all your questions
through video through chats through
phone calls any kind of help if i can do
i am at your serve
and let's go to the first question
okay there are different types of
applications
that you can start investing in south
korea but i don't really know
because when i check online so let me
check online there are two money
there are too many applications guys
okay there is namu chang one there is
shinhan
okay
some of them i know that they are valid
but still still okay this one is valid
in it
okay some of them are valid but still
there are a lot of scammers that they
created up and they just want to take
away your money be careful if you don't
know the application
don't install don't put your money there
in a state what what to do go to
securities there are different types of
securities in seoul in south korea
in different cities seoul san diego and
every city if you go you can find
securities offices there any securities
cookman securities uri securities
samsung securities hyundai securities
there are different types of but they're
all legal and actively working
of course the
charging fees very little so you can
just go there and ask them they will
help you and also if you start investing
start invest with a little money just
start with 50 000 korean one which is
like less than 50 use dollar you start
investing with less than 50 dollar
at the beginning you need to learn how
to invest how to trade buy and sell
because it's a little different if you
didn't start investing it okay you start
with very little money then slowly when
you learn then take the risk okay
uh and these securities they're
recommending you the valid and legal
applications
don't trust online applications there
are too many applications and you can be
scammed be aware of this case guys
okay so
the second question is that how long
will you stay in south korea yes
if you're staying less than a year i
don't recommend you i really don't
recommend you that you should start
investing because you're not gonna make
money you cannot get rich if you're
thinking of getting rich but if you want
to learn yes that's okay anytime just
put 100
start trading you can learn in the
future when you move out of korea then
you are able to start investing in your
own country but if you okay if you want
to live more than one year like five
years six years seven years yes it is
recommended to start investing but
you should
find the good stocks by yourself but i
recommend
uh tech companies for example coupon
coco talk these are a well
analyzed stocks actually so far i can
say that okay but still we cannot
predict no one can predict even warren
buffett cannot predict what will happen
to the future for a specific stock but
still index funds are recommended that
you can start investing in index funds
like crispy co-stock
and also there are some other
securities offices that you can buy
foreign stocks like use stocks you can
buy canadian stocks you can buy
australian stocks
in south korea as a foreigner as long as
you're legal
and you have a valid visa yes you're
gonna start investing in south korea
and the third question is that can you
start investing consistently because if
you just invest a hundred dollar so
that's not gonna make you rich and you
cannot just
yeah you can learn but you cannot just
grow your portfolio if you start
investing try to grow up
try to grow your portfolio but it
grows slowly
like for example you're working like
three thousand dollars per month and if
you put a hundred dollar every month and
that's gonna be one thousand two hundred
dollar every month you can grow your
portfolio by consistency
you should start investing consistently
that your portfolio grows if you put
just a hundred thousand like ten
thousand dollar at once and you just
keep quiet and you forget and you think
that okay you're gonna end up a
millionaire no that's not gonna work if
you want to end up rich or a millionaire
so you should have a long-term plan like
at least 15 years usually people who
want to retire rich or a millionaires do
you start investing from the early ages
like 20s if you were in your early 20s
yes that's a really recommend to start
investing but consistently
nothing happens in a month and if you're
in your early 30s guys that's still okay
you can start investing and if you live
here for six years yes after six years
yes you can move your investments from
korea to your country that's possible
still because these days you know
technology is doing any impossible
possible okay guys so if you have more
questions please comment below and also
contact me through email i will
definitely answer all your questions and
please share this video and i hope also
that you enjoyed watching this video and
if you just give me a tip and that is
subscribe my channel for the first time
if you're watching and i will see in the
next video thanks and have a good day
guys
تصفح المزيد من مقاطع الفيديو ذات الصلة
5.0 / 5 (0 votes)