Can I start investing in stocks with a 2 million won monthly salary?
After covering living expenses, I have about 300,000 to 500,000 won left each month. I'm thinking about using this to start investing in stocks, but would it be better to just put it in a savings deposit?
3 answers
It's a deposit, lol.
I also started with 2 million won, but trading stocks with just 300,000 to 500,000 won will drive you crazy with fees, and a loss will shatter your mental state. First, set aside six months of living expenses as an emergency fund in a savings account, and put only half of what's left into domestic ETFs or things like Samsung Electronics. Spending a year just studying first isn't too late. In the end, stocks are about preserving your money, not making money.
Well, just putting money in a savings account is actually a loss due to inflation. But saying you'll start investing in stocks with 300,000 won is basically the same as going to a casino. You'd be better off picking up a side gig or getting a certification to raise your monthly salary first. The most common pattern is chasing high returns and losing your entire principal.