There are so many students who are faced with the investment problem. Another DU’ student whose name starts with K also sighed with despair at the thought of all the money he has squandered. Speaking on condition of anonymity ( he is very embarrassed!), he said: "I can't reveal how much money I invested in stocks. But one thing I can tell you is that I went bankrupt.”
A contrary story to all this gloom is Yoo Seung-hwan’s, a student of DU majoring in economics. He smiled all through our interview. Recently, he led the team standings in the TV program Campus Stock King - an actual investment competition that is co-sponsored by WOW TV and HI Investment and Securities. This competition was on air from February to December in 2008 with 26 university investment clubs participating. "We invested ten thousand won in real stock during a 10 month stint. Despite the economic crisis, our team produced an extra 13 percent of pure profit based on the original purchase price," he said. Also, he helped the RICH - the investment club in DU which he belongs to - be selected, out of thousands of candidates, as a member of 6th BUS(Boom Up System for university), a program sponsored by Tong Yang Securities. The chosen teams are provided with financial and advisory aid which helps them establish upright values of investment. Why was he successful when other students failed?
When he first started to invest, Yoo was not so very different from thousands of other poor investors. He only saw the romantic side of investment: the dream of acquiring easy money. But the results were disappointing. After losing a lot of money on his shares, he joined the club RICH and met many students who were also interested in the stock market. By sharing each other’s ideas in RICH, he could lay down some ground rules for investing successfully. The first rule is: you should know your risk. This saying helped him to dispel the popular misconception that one can only make a profit from property investments. To help our understanding, he likened investment to a coin toss. "Great opportunity and great danger are two sides of the same coin. Before you rush to invest, think seriously of this analogy. We have a 50% chance of getting either success or failure. Thus, it’s important to put a limit on the amount of the possible loss and return that you can cover before you buy some property as an investment." Additionally, he advised students not to follow others' investment methods or strategies with reckless abandon: "It is essential to make an investment suitable to your personality."
He added that it is conducive to acquire investment knowledge in the club. Investment clubs keep the rules rather than become exception among university students who are learning how to make an investment plan or strategies. They do this through mock activities such as analyzing the accomplishments of a company, reading a newspaper and taking part in a mock investment test. According to UIC(University Student Investment Club), there are about 38 active investment clubs at DGU. This reflects the great interest that the student body shows in stock marketing. "It is really helpful to study together with club members. The most enjoyable part is that we can share useful techniques in stock management with each other by sharing presentations," said Jo Mi-ran, a RICH member, with a satisfied grin. Besides, club members can be of any age and major; some members in the club are majoring in economics or business administration, while others - 30% of the members ? are of various majors such as Japanese language, mass communication, and so on.
As students become interested in investment, a lot of companies support and encourage them in their efforts to gain knowledge about investment. "We have this program so as to help students develop upright investment knowledge," said Jo Jun-ho, who works for Tong Yang Securities, a company holding a program BUS. He also welcomed the growing enthusiasm for investment and hoped that students would regard investment as a practice before they invest in real stock in the future.
"Please,” Jo Jun-ho strongly suggested to the students, “don't dream that you can make big money as though you were trying to hit the jackpot in a slot machine. Make your own investment plan and perform mock investments as much as you can. After this, you can make your own strategy and plan. Be a prepared investor!"
Post Reporter Park Ji-hyun
Park Ji-hyun firstname.lastname@example.org
<저작권자 © 동국포스트, 무단 전재 및 재배포 금지>