Yesterday, June 23rd, something dramatic happened in South Korea. The KOSPI — South Korea's main stock index — dropped 9.99% in a single day. Trading was halted for 20 minutes after circuit breakers were triggered. Foreign investors dumped over 4 trillion Korean Won in a single session. Retail investors rushed in to buy the dip. It was, by any measure, a historic day. How Did It Come To This? South Korea's stock market has been one of the hottest in the world this year, riding the AI wave almost entirely on the back of two semiconductor giants — Samsung and SK Hynix. SK Hynix alone surged nearly 350% year-to-date at its peak. Retail investors piled into high-leverage ETFs tracking these stocks. Margin accounts stacked higher and higher. The market was a balloon inflated to its absolute limit. Then the foreign money started leaving. Leveraged positions got force-liquidated. Margin calls cascaded. Retail investors who had bought on borrowed money were wiped out before they cou...
Honestly, when I first saw the news, my immediate reaction wasn't "let me research this." It was: "What does this have to do with me?" I'm just a regular salaried dad, slowly building my portfolio one paycheck at a time. A company like SpaceX feels like it belongs to Wall Street giants — not someone like me. But I kept thinking about it. And I decided it's worth talking about. First, Let's Understand How Big This Actually Is SpaceX has officially filed its S-1 with the SEC and is heading to Nasdaq. Expected fundraising: USD 75 billion. Market valuation: USD 1.75 trillion. Reported order book: Over USD 250 billion more than 3x oversubscribed. This would break the record previously held by Saudi Aramco for the largest IPO in history. Why Is This Company Worth So Much? Most people think of SpaceX as a rocket company. The kind that burns through cash and promises a future on Mars. But the story has changed. The real engine behind that U...
Salary in. Transfer done. Shares bought. June wasn't a great month. I'll be honest about that upfront. The portfolio dropped 1.8% this month, pulling my overall return down from +2.22% to +0.96% . That thin green line is hanging on — but only just. When I saw the numbers, I felt a little flat. Not panicked. Just… deflated. You build something up slowly over months, and then one rough month quietly takes a chunk of it back. But the plan doesn't change because the mood does. June Portfolio Breakdown Stock Opening Closing Change BRK.B $474.48 $500.39 +5.46% JEPQ $61.15 $61.46 +0.51% O $61.28 $61.96 +1.11% QQQ $738.31 $736.40 -0.26% VOO $695.59 ...
Comments
Post a Comment