J-Tech & Fintech
KBank partners with NH Investment
‘Stock Collecting’ to be launched on the 19th
Invest in domestic and overseas stocks and ETFs
on a daily, weekly, and monthly basis
Upbit’s ‘Coin Collecting’ service
order total exceeding 8 billion won,
Photo=Getty Images Bank,
, ‘Many investors struggle to find the right timing for buying and selling. Everyone wants to buy at the bottom and sell at the top, but no one knows where the bottom and top are. That’s why many experts recommend dollar-cost averaging. Benjamin Graham, Warren Buffet’s mentor and value investing pioneer, advised in his book “The Intelligent Investor” that “investing in stocks for the long term using the dollar-cost averaging method can yield stable returns higher than bank interest rates”‘,
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, ‘Dollar-cost averaging refers to investing a consistent amount in assets such as stocks or cryptocurrencies at regular intervals, similar to depositing money monthly. This method helps in diversifying investment risks through gradual purchasing. However, it can be quite tedious to buy specific assets weekly or monthly. If you are interested in dollar-cost averaging, it is worth paying attention to services offered by banks, securities firms, and cryptocurrency exchanges that support such investments. Investors can automate dollar-cost averaging according to pre-set intervals and amounts through these services.’,
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, ‘KBank partnered with NH Investment Securities to launch the ‘Stock Collecting’ service on the 19th. Customers can invest in domestic stocks, overseas stocks, and domestic and overseas listed index funds (ETFs) traded by NH Investment Securities through KBank’s app. After selecting the desired asset to invest in, customers can set the frequency and amount for their investments. The frequency can be daily, weekly, or monthly, and the quantity can be adjusted from one share to fractional shares. When applying for overseas stock collection, customers can automatically exchange currencies at the exchange rate set by NH Investment Securities on the trading day.’,
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, ‘The leading player in stock collecting services is Toss Securities. Toss Securities’ stock collecting service, launched in March 2022, had been used by a cumulative 1.56 million customers by the end of July this year. The total number of transactions reached 300 million. Starting last month, Toss Securities waived the transaction fees for the stock collecting service. According to Toss Securities, individual investors are focusing their investments on Tesla, Apple, NVIDIA, Microsoft, and the Schwab US Dividend Equity ETF (SCHD) through the stock collecting service.’,
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, ‘If you want to invest in cryptocurrencies like Bitcoin through dollar-cost averaging, using the ‘Coin Collecting’ service provided by Upbit, South Korea’s largest cryptocurrency exchange, is also an option. Currently, the cryptocurrencies available for investment through ‘Coin Collecting’ are Bitcoin, Ethereum, and Ripple. Users can create regular automatic orders on a daily, weekly, or monthly basis. One notable feature is that investment time slots are divided into 5-minute intervals.’,
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, ‘According to DooNaMu, the company operating Upbit, the total monthly order amount for ‘Coin Collecting’ exceeded 8 billion won on the 19th. This translates to an average daily investment of 280 million won. DooNaMu plans to expand the range of cryptocurrencies available for investment through ‘Coin Collecting’.’,
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