Photo = Getty Image Bank
In the new year, as the stock market shows an unprecedented rise, the flow of investment is sharply diverging from generation to generation. The ‘2040’ generation broke bank deposits and savings and started making direct investments by pulling out a mortgage mortgage loan, while middle-aged asset owners are continuing the wait and see tax. Depending on the age group, the investment behavior is divided into’Money Move’ and’Money Parking’ (reserved as if parking for a while). Some people in the financial sector say that when the stock market enters the adjustment phase, the youth with smaller assets will be hit harder, so caution is needed.
○ Cancel the deposit and go to the stock market
According to the financial sector on the 12th, the balance of term deposits on the 11th of the four major banks, including Shinhan Kookmin Hanauri, recorded 497 trillion 649.8 billion won, a decrease of 1.327.9 billion won from the end of last year (December 31). This means that there were more people who found or canceled money at maturity than those who signed up for a new deposit. A large bank also lost 500 billion won in deposits in one day on the 8th. An official from this bank said, “There is no way to explain the phenomenon other than a 20% jump in the stock market this year.
The savings balance of the four major banks also recorded 36,966 trillion won on the 11th, down 66.7 billion won from the 4th (36.16 trillion won). It is the opposite of the increase in monthly installment savings subscribers and the increase. The balance of demand deposits, representing floating funds, decreased by 19.58 trillion won from the end of last year.
Most of the lost funds were sucked into the stock market, and banks explained that this phenomenon was led by the ‘2040’ generation. At branches where there are many main clients of office workers, such as Yeouido and Gangnam, Seoul, the work is paralyzed while handling the cancellation of the deposit. An official at the Yeouido branch of a large bank explained, “There are many cases of visiting the counter during lunch time to find a deposit and making a loan and transferring it to a stock account.” “Even a bank employee can’t stop investing in stocks.”
There have also been an increasing number of cases where first-time workers, who only buried deposits and savings, subscribe to a stock-type fund for the first time in their lives, and then subtract money from the existing stock-type fund and convert it to’direct investment’. An official from the bank said, “If you recommend starting with a stock-type fund, you will often hear a dismissal saying that you can earn 5% or 10% a day.”
Photo = Yonhap News
○ Traditional asset owners are ‘Sinjung Mode’
Unlike the younger generation, who are rapidly moving their funds to the stock market, the common explanation of bank private bankers (PBs) is that among middle-aged asset owners, there is a high proportion of the government tax. It means that the stock market is showing an uptrend, which means that he is reluctant to jump on risky assets in the first place. Jeong Seong-jin, head of the Yangjae PB Center, Kookmin Bank, said, “Customers who use PB centers are often called through business and real estate instead of stocks,” he said. “It is rare to ask for money to be transferred to stocks.”
In the case of stockholders, it is said that they increased their share of stocks during the’crisis market’ last year, and there are many cases that are currently viewed as’profit-taking period’. The head of a bank’s PB center said, “Some of our customers received a loan of 1 billion won as collateral for their assets right after the corona crisis and invested in a Samsung Electronics stock and made a big profit recently. Even if there is, there are few cases where investments are moved from place to place like the 2040 generation.” Kim Yong-ho, head of Hana Bank’s Club One PB Center, said, “We recommend diversifying purchases of dollars to customers who made profits from stocks last year. This is because the risk of exchange rate fluctuations can be reduced and foreign exchange gains are exempt from tax.”
PBs agree that it is necessary to refer to the movement of traditional asset prices to diversify the risk. Hee-jeong Kim, head of the NH All-Baek Advisory Center of Nonghyup Bank, said, “In many cases, asset prices are looking for technology stock funds or related ETFs (listed index funds) with better prospects than individual stocks. “We need a safety device such as selling.” Park Seung-an, head of Woori Bank’s TCE Gangnam Center, said, “When investing in, asset owners think and act in the order of whether they can liquidize immediately, risk, and return. Recently, ants are investing exactly the opposite. He stressed that if the marketplace that invested in it enters the adjustment phase, it will be frustrating.”
Reporters Oh Hyuna/Jeong Soram/Kim Daehoon [email protected]