South Korean boy investor with 43% gains is new retail trading icon
From reuters.com
Watching the business news first thing is a new routine for 12-year-old South Korean Kwon Joon, as he dreams of becoming the next Warren Buffett after earning stellar returns of 43% from a hobby picked up just last year: buying stocks. Kwon pestered his mother to open a retail trading account last April with savings of 25 million won ($22,400) as seed money, just as the benchmark KOSPI index began recovering from its biggest dip in a decade. “I really talked my parents into it, because I believed an expert who was saying (on TV) that this is a once-in-a-decade opportunity,” said Kwon, who rode the steepest jump by ...
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