“Money saved to buy a house, stocks before it’s too late”… Money, accelerating bank escape
–
On the 15th, visitors await their turn at Mirae Asset Daewoo’s Gangnam Station WM branch. Reporter Yeom Ji-hyun
– “The interest on the deposit is just a rat tail, but the KOSPI index steadily rises. The only way my homeless person makes money is stocks.”
Only 100 trillion live ammunition can be put into the ant stock market
Last year’s house price soared 21%, deposit interest 0.9%
4 major bank demand deposits reduced by 9 trillion in the new year
Opening of negative bankbooks 20,000 this year alone
“The risk of overheating the stock market and getting adjusted increases”
– This is the story of a housewife, 36, a housewife who met at the entrance of Mirae Asset Daewoo Gangnam Station WM in Seocho-dong, Seocho-gu, Seoul on the 15th. Kim said, “I am a stock beginner, but I decided to open a new stock account because buying Samsung Electronics or Hyundai Motor would be better than a 1-year term deposit with an interest rate in the 0% range.” In addition to Kim, the inside of the brokerage branch was crowded with customers who visited to open an account. An official at the nearby Daishin Securities Gangnam-daero Center said, “As the stock market was booming, customer visits increased noticeably.” “There was a branch where office workers suddenly flocked during lunch, and there were more than 100 people waiting.”
‘Angry Money’ is focusing on the stock market as fear and impatience that might become a’thunderbolt’ (a person whose asset gap widens without knowing it) spreads among the common people, middle class, and youth. The’FOMO syndrome’, which says that the stock market should not be alienated from the bull market, is also encouraging the flow of funds to the stock market.
–
9 trillion won’waiting fund’ withdrawal from 4 major banks for 13 days. Graphic = Reporter Park Kyung-min [email protected]
– The rate of pissed money out of the bank is accelerating. According to the banknote on the 17th, the balance of demand deposits of the four major banks, including KB Kookmin, Shinhan, Woori, and Hana Bank, was 489 trillion 28 billion won as of the 13th, down by 9 trillion won from the end of last year. Demand deposits are funds that can be deposited or withdrawn at any time instead of paying little interest, such as deposits by deposit and withdrawal and deposits with market interest rates (MMDA). The analysis of banknotes is that the standby funds that remained in the banknotes are starting to move to the stock market.
Funds focused on the real estate market are also flowing into the stock market. Kim Hak-gyun, head of the Research Center at Shinyoung Securities, said, “Recently, the price of a house in Seoul has risen too much, and it has become difficult for ordinary workers to buy a house because of their salary. It is heading toward the market.”
–
The’debt investment’ made by borrowing money from securities companies also increased. Graphic = Reporter Park Kyung-min [email protected]
– According to KB Real Estate, the average selling price of apartments in Seoul is 1,0429 billion KRW (as of December last year), exceeding 1 billion KRW. In one year (85.91 million won), it rose by 183.4 million won, up 21.3%. The KOSPI index soared 19% in a month and a half from last month to the 15th. On the other hand, it is embarrassing to say that bank interest is a rat tail.
The’waiting fund’ that roams around the stock market continues to increase. According to the Financial Investment Association, investor deposits that investors put into securities company accounts to buy stock amounted to 70,139.6 billion won as of the 13th. In the 13 days since the beginning of the year, more than 4.6 trillion won was received. During the same period, the amount of money (credit loans) that individuals borrowed from securities companies for stock investment increased by 1.758.6 billion won, and the total balance is 20.98 trillion won. In fact, only real ammunition (investment deposit + credit loan) that an individual can immediately put into the stock market amounts to 100 trillion won.
–
Stock market’waiting fund’ exceeded 70 trillion won. Graphic = Reporter Park Kyung-min [email protected]
– In addition, 2,588 negative bankbooks of the five major commercial banks have been opened this year. Only the negative bank account balance increased by KRW 1.56.2 trillion. These funds are also estimated to be money that can flow into the stock market in case of emergency.
As money is rushing into the stock market, concerns are growing. Young-moo Cho, a researcher at the LG Economic Research Institute, said, “The liquidity is raising the index as the funds released in the market are overflowing,” he said. “The stock market has risen sharply in a short period of time,” said Bin Ki-beom, a professor of economics at Myongji University. “In the stock market adjustment phase, the’debt investment (investing in debt)’ investors should not avoid excessive losses. You have to limit it,” he advised.
Reporters Yeom Ji-hyun and Yoon Sang-eon [email protected]
–
