Entertainment · Celebrity · 10 hrs ago

Cho Hye-ryeon says buying SK Hynix shares at higher prices cut her gains

Cho Hye-ryeon says buying SK Hynix shares at higher prices cut her gains

Broadcaster Cho Hye-ryeon said she first bought SK Hynix shares at 870,000 won and later added to her holdings as the price climbed.

She said she expected the stock to reach 4 million won, but buying at higher prices reduced her overall gains when the price later fell.

Cho said she has not lost her original investment and remains slightly in profit.

Her experience came up on a YouTube program on October 20, where she advised another guest to hold quality shares for the long term.

She also warned against borrowing money to buy more shares, because a price drop can deepen losses and force investors to put up more cash or have shares sold.

One outlet reported SK Hynix closed at 1.223 million won on October 21, while another put the closing price at 1.294 million won, so the reported figures differ.

Cho said she would watch the stock rather than buy more for now.

3 sources

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What people are saying

Cho Hye-ryeonBroadcaster
When it was going to 2.5, 2.6, 2.7 million won, they said it would go to 4 million. My heart was pounding.
via 한국경제
It became averaging down, but not good averaging down; it turned into frustrating averaging down.
via 이데일리
The most dangerous thing is buying stocks and then taking out a loan against the stocks you bought to buy more.
via 한국경제
As long as Korea exists and develops, the future is bright.
via 한국경제