Insight #1 – Stock speculation is becoming popular among Korean teenagers

Speculation in Korean stocks is getting crazier by the day. Reuters interviewed a 12-year old trading guru called Kwon Joon who made a 43% return in 2020. His portfolio includes technology companies Samsung Electronics and Kakao as well as car manufacturer Hyundai Motor. Reuters also reported that teenage investors now make up 2/3 of total value traded among retail investors vs 2019’s 50%. In other news, ARK Invest’s founder Cathie Wood has started to become revered as a god, earning the nickname “Money Tree” (돈나무) due to her Midas touch when it comes to picking stocks. The big question is how long the current environment will last. A major challenge comes in May 2021 when short-selling will be allowed once again. It’s also possible that momentum could end on its own as fund flows start to reverse. We shall see. One early signs of weakening momentum is that the daily value traded in ARK’s most popular ETF “ARKK U…