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S&P 500 Index Fund review final This is the final summary of the previous three posts of the S&P 500 index fund review. The data were collated based on the information available as of August 30th, from both free and personal paid services. I will briefly describe each point and conclude the post. Market Capitalisation (Market Cap): It represents the total value of a company in the stock market. This value is calculated by multiplying the stock price by the number of shares issued. Funds don't directly represent a company's value, so they might have an adjusted market cap. But when discussing the three types of S&P 500 ETFs mentioned above, you needn't worry about the market cap. Personally, when looking at US stocks, I consider those with a market capitalization of over 1 billion dollars as small-cap stocks, which might be more volatile. This roughly translates to approximately 1.4 trillion KRW, but the exact amount may vary due to exchange rates. Vanguard has the highest market cap, followed by SPY and IVV. There are also S&P 500 index funds listed domestically. It's okay to invest in them, but do check their fees and fund sizes. Also, verify the experience level of the manager. Overall Evaluation: This information was referenced from market consensus, so you don't need to take it too seriously. Dividend Yield: While they offer similar yields, do note that the dividend yield changes annually. RSI (Relative Strength Index) 14 days: When comparing S&P 500 ETFs, analyzing the RSI might not be very relevant. RSI is a technical analysis indicator used in stock, futures, and forex markets. It's crucial for those who make trades based on trading or timing. It calculates the rise and fall of prices over a typical period of 2 weeks, with values between 0-100. Over 70 suggests overbought conditions (potential price decline) and below 30 indicates oversold conditions (potential price increase). Performance Over 1 year & 5 years: As they track the same index, there's not much difference in returns. Beta Coefficient: This is a measure of risk and returns. It indicates how sensitive an individual stock or portfolio is to market-wide volatility. Beta = 1: Moves with the market. Beta > 1: More sensitive than the market. Beta < 1: Less sensitive than the market. Beta = 0: No correlation with market returns. S&P 500 ETFs can be considered to move almost in line with the market. Conclusion: If you are a long-term investor looking for a product with relatively high dividends and low fees, Vanguard's VOO might be a good pick. IVV also has low fees, so you might wonder why anyone would choose IVV or SPY. While I have limited experience with options and no experience with index options, SPY offers more flexibility for those who trade options. So, if you trade indices frequently or need options trading, SPY or IVV might be more suitable. Personally, when I didn't know much about stocks, I bought SPY on impulse. Later, as I learned more, I got to know about Vanguard and Blackrock, and also about VOO and IVV. Lately, I have been investing more in VOO. I plan to introduce funds that categorize S&P 500 stocks into themes like dividend stocks and growth stocks soon. I wish you all success in your investments.

As a dedicated user of Apple's products and services, from the Mac mini and Mac Air to the iPad, iPhone, and various accessories, my affinity for the brand extends beyond mere consumption. I've consistently invested in Apple shares, and thus far, the returns have been commendable. However, with Apple's market cap now hovering around the 3 trillion USD mark, I'm grappling with a conundrum: Does Apple still have room to grow, or has it become too colossal to achieve significant further expansion? One thing I know for sure is assessing the future trajectory of a stock's price is a complex task and inherently uncertain, as it depends on a multitude of factors, both internal (company-specific) and external (market and macroeconomic factors). However, there are several methods you can employ to gauge the potential future movement of Apple's stock and determine if it's overvalued or undervalued. Hence, I am doing research on Apple’s investing model and want to learn and review it as a reference. Today’s model is, DDM Multi-Stage or Multi-Stage DDM. The Dividend Discount Model (DDM) is a fundamental valuation method used to estimate the value of a stock by considering the present value of expected future dividends. The basic premise behind the DDM is that the intrinsic value of a stock is equal to the present value of all its future dividends. As the name suggests, the Multi-Stage Dividend Discount Model is an extension of the basic DDM, designed to account for varying dividend growth rates. Many companies don't have a constant growth rate of dividends; instead, they might experience high growth for a few years before settling into a more stable, mature growth rate. The Multi-Stage DDM can capture this. Types of Multi-Stage DDM: Two-Stage DDM: This is the most commonly used version. In this model, a firm is expected to have an initial phase of high growth followed by a perpetual phase of stable growth. The model first calculates the present value of dividends during the high growth phase and then calculates the present value of dividends from the stable growth phase (often using the Gordon Growth Model for the stable phase). Three-Stage DDM: This model adds an additional transitional growth phase between the high growth and stable growth phases. The transitional phase represents a period where the growth rate is declining but is not yet at its perpetual, stable level. Now, we can ask questions – Does it make sense to apply this model to Apple stock? While it would not be the best model, it will be worthwhile to apply this model as one of the references. Apple started paying dividends over the last 10 years, and growth and capital allocation are well-known to the public. Given these factors, if you decide to use a DDM for Apple: Two-Stage DDM: This could be a reasonable approach if you believe Apple is transitioning from a high growth phase to a stable growth phase. The high growth phase would capture the current growth spurred by its product ecosystem, while the stable growth phase would reflect its position as a mature tech company. Three-Stage DDM: This might be more appropriate if you believe Apple will experience an intermediate phase of decelerating growth between its high growth and stable growth phases. For instance, you might think that Apple's current innovations will spur growth for a few years, after which it will transition to a phase of slower (but still significant) growth before finally settling into a long-term stable growth phase. In conclusion, two or three-stage DDM is also based on your assumptions and perspectives to see the company. What is the price based on multi-stage DDM? Multi-stage DDM price is around USD 157 DDM stable growth model price is around USD 140 These prices are just references, the stock price has a lot more factors to consider such as sentiment and economics industry forecasts, etc. Apple stock has a good potential imo!

Like the previous two posts about S&P 500 ETF, I want to open the door with a short introduction of Blackrock which manages IVV. The Genesis of Blackrock Founded in 1988, from a small room with 8 people. Blackrock emerged from a need to provide secure and transparent asset management. Larry Fink, Rob Kapito, and other founders left the investment bank First Boston to embark on this noble journey. Little did they know, this fledgling company would evolve to become the world's largest asset manager. The Value Proposition Blackrock's primary distinction is its client-centric approach. They emphasize 'fiduciary duty,' ensuring that their clients' interests always come first. Leveraging cutting-edge technology, they provide unmatched clarity and insight into investments, ensuring that every decision is data-driven and sound. Fun Facts A Titanic Foundation - With assets under management exceeding $8 trillion by the end of 2020, if Blackrock were a country, its assets would rival the GDPs of major economies! Not Just Equities - While Blackrock is renowned for its equity portfolios, it also manages assets ranging from real estate to renewable energy. The Name: Ever wondered about the name 'Blackrock'? It originates from the literal meaning of “black rock” or “obsidian,” a dark, hard volcanic glass. The founders aimed to convey the firm's strength, stability, and protective essence through its nomenclature. If you visit Blackrock's webpage, you will find the message. Actually, It's About You Now, let us move on to IVV - one of the major ETFs following IVV. The iShares Core S&P 500 ETF, popularly known by its ticker IVV, is one of the most prominent ETFs in the financial market. Managed by Blackrock, it's designed to closely track the performance of the S&P 500 Index, which comprises 500 of the largest U.S. publicly traded companies. Historically, IVV has demonstrated a commendable track record, largely mirroring the performance of the S&P 500. This means investors gain broad exposure to the U.S. large-cap segment. Over the years, the ETF has seen steady growth with periods of appreciation mirroring bullish markets and demonstrating resilience in downturns. One of IVV's standout features is its low expense ratio. The expense ratio stands at 0.04%. This competitive rate underscores Blackrock's commitment to offering value to its investors, ensuring that costs are minimized. Here is the point that you may already compare the expense ratios among the three ETFs. SPY vs VOO vs IVV - I will do summarize three ETFs in my next posts. Dividend Yield is also one notable point. In addition to its performance, IVV is also notable for its dividends. The ETF had a dividend yield around the range of 1.3% - 1.8%. This year's dividend is 1.2%. It's essential to note that dividend yields can fluctuate based on several factors, including the performance of the constituent companies and broader market dynamics. Now, you have three options. Which one will you pick and what would be most suitable for your trading and investment strategy?

In the vast universe of investment, Vanguard stands out as one of the preeminent money managers globally. Their commitment to quality and integrity has positioned them at the forefront of investment management. Today, I'll delve into one of Vanguard's premier offerings: the S&P 500 ETF, popularly known as VOO. Understanding Vanguard: Before diving into the specifics of VOO, let's take a moment to understand the philosophy behind Vanguard. A cursory look at Vanguard’s website gives a clear indication of what the company stands for. Words like 'owner' and 'ownership' are prominently featured, which aren’t just mere words to Vanguard but are foundational to its approach. At Vanguard, customers aren’t merely considered clients; they are regarded as owners. This perspective uniquely aligns the interests of Vanguard with its investors, creating an environment where the primary focus is on the investors and their financial aspirations. Greater Conviction: Vanguard isn’t swayed by transient market trends. Instead, it stands firm in its investment convictions, keeping a keen eye on themes of importance to its investors. Long-term Perspective: The quarterly grind? It doesn’t dictate Vanguard's moves. Being investor-owned allows the company to maintain a long-term view, a rarity in today's fast-paced financial world. Low Costs: Arguably, one of Vanguard's biggest strengths is its ability to keep costs low. When you're the owner, there isn't a pressing need to maximize short-term profits. This alignment of interests translates to significant cost savings for investors. Economies of scale are consistently passed along, ensuring that investors retain more of their hard-earned returns. One cannot underscore the importance of low costs in the world of investing. Vanguard’s dedication to this principle is evident in the expense ratio of its S&P 500 ETF, standing impressively low at 0.03%, making it one of the most cost-efficient options compared to its peers. I assume that's the reason why Warren Buffet recommended the S&P 500 ETF from Vanguard. The VOO Experience - Vanguard's VOO, A Benchmark of Excellence VOO, as an ETF, tracks the S&P 500 index, making its sectoral shares quite analogous to the index itself and other similar ETFs. Investing in VOO is akin to placing your bet on the broader U.S. large-cap equity market. The consistency of its performance and its adherence to the index is commendable. What sets VOO apart? Two things: its incredibly low 0.03% expense ratio and its slightly elevated dividend yield of 1.6% this year. It's worth noting that, like all investments, dividends can vary based on a myriad of factors. However, having a slightly higher dividend yield, even if momentarily, can be an added advantage for those looking for periodic income from their investments. In the complex landscape of investing, having a trusted partner can make all the difference. Vanguard, with its unwavering commitment to its investors and offerings like VOO, stands out as an invaluable ally for both novice and seasoned investors. As the world of finance continues to evolve, one can be assured that with Vanguard's VOO, they're placing their trust in a time-tested, value-driven vehicle. *This is Vanguard's VOO dividend is 1.6%, which is slightly higher than the most of S&P 500 ETFs from its competitors. Audio file for the blog posting

In the universe of investment options, ETFs (Exchange-Traded Funds) have emerged as both versatile and accessible tools for investors to gain exposure to the stock market. Among these, S&P 500 ETFs are undeniably the most popular, capturing the essence of the U.S. equity landscape. Let's delve into four of the most well-regarded S&P 500 ETFs: SPY by SPDR, VOO by Vanguard, SSO by ProShares, and IVV by iShares. Each boasts its unique advantages and considerations. The first option is SPY by SPDR. When diving into the world of ETFs, particularly SPY, it's crucial to start with an understanding of its backbone – the fund manager. In this case, that manager is SPDR, or State Street Global Advisors' brand for ETFs. Recognizing the role and reputation of the fund manager is pivotal because they govern the strategy, operations, and overall management of the ETF. SPDR stands for State Street Global Advisors' Standard & Poor's Depositary Receipts. It represents a series of ETFs managed and marketed by State Street Global Advisors (SSGA). Founded in 1978, SSGA is one of the world's largest investment managers, known for its corporate philosophy of focusing on its clients' most significant challenges and then innovating to solve them. Street State Global Advisor: Championing the Power of Indexing for Over Four Decades In the intricate world of investing, the selection of an astute manager can be the linchpin determining prosperous growth or detrimental losses. Since 1978, Street State Global Advisor has been that beacon of reliability and innovation. Our unwavering mission? To offer investors a transparent, efficient, and cost-effective path to indexing returns, bypassing potential pitfalls or unforeseen biases. From our formative days, our firm hasn't just been establishing a foundation, but has consistently spearheaded the management of some of the world's foremost index funds. But time isn't the only measure of our success. Our legacy also lies in our pioneering spirit. When the investment milieu was treading traditional pathways, we envisioned a different trajectory. We didn't merely embrace the indexing model; we transformed it. By meticulously curating institutional-grade index funds, we fulfilled a market void. Today, this innovation is evident as indexed assets substantially dominate our Assets Under Management (AUM) and revenue channels. Our affiliation with State Street Corporation, a behemoth in the global financial sphere, further bolsters our capabilities. Representing a monumental 10% of global assets, State Street Corporation's alliance substantiates our credentials. This partnership not only emboldens our credibility but also amplifies our capacity to perpetually invest in our commitment: evolving symbiotically with our clients. Whether through avant-garde product offerings, honing our methodologies, or fortifying our infrastructural prowess, our focal point remains unaltered - to be at the forefront of innovation and adaptation amidst a dynamic investment climate. A deeper foray into our metrics elucidates our unmatched expertise: Catering to an expansive base of 1,800+ global institutional indexing clients. A formidable AUM, with indexing assets surpassing the $2.5 trillion mark. A holistic approach encapsulating over 800 tracked indices. These metrics are more than mere numbers; they resonate with our relentless zeal for serving our clients and mastering our domain. As the investment sector is in a state of perpetual flux, the essence of a nimble, seasoned, and inventive ally is paramount. Street State Global Advisor, fortified by its 45-year odyssey and an indomitable spirit of innovation, is poised to seamlessly navigate its clientele through the intricate maze of financial endeavours. Then, now we can move onto the SPY SPDR S&P 500 ETF (SPY) Description: The SPDR S&P 500 ETF (often referred to as "SPY") is one of the most popular and heavily traded exchange-traded funds (ETFs) in the world. It was launched in 1993 and is designed to track the S&P 500 Index, which comprises 500 of the largest publicly traded companies in the U.S. Objective: The primary aim of the SPY ETF is to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P 500 Index. Dividend Yield: As of the data you provided, the SPY has a dividend yield of 1.5%. This yield represents the annual dividends paid out by the ETF as a percentage of its share price. It's important to note that dividend yield can fluctuate over time based on the ETF's share price and the total dividends it distributes. Liquidity: SPY is known for its high liquidity, making it a preferred choice for both individual and institutional investors. Its high trading volume ensures that the bid-ask spreads are typically tight, allowing for efficient entry and exit. Expense Ratio: Like all ETFs, the SPY comes with an expense ratio, which is a fee for managing the fund. Historically, SPY's expense ratio has been relatively low, but it's always a good idea to check the current rate. Usage: Given its broad exposure to the U.S. equity market, many investors use SPY as a core holding in their portfolios. Additionally, traders may use it for short-term trading strategies due to its liquidity and tight spreads. Lastly, kindly find the table of quick comparison of S&P 500 ETF options

The long-term investment retirement pension is in U.S. stocks, specifically the S&P 500 One of the best options for your retirement preparation - A long-term investment retirement pension is in U.S. stocks, specifically the S&P 500 We often hear, "Worried about my retirement pension with the stock market crash"... One of the Korean articles I read, was well summarized overall, so it might be good to read. “To summarize very briefly, when analysing the top 1% based on the IRP (Individual Retirement Pension) return rate, there were mostly foreign ETFs. About 70% was invested in U.S. ETFs. If you buy a foreign ETF listed in Korea, you get a tax deduction on trading profits. To conclude, I largely agree with the content of this article. Of course, it's true that in recent downturns, much of the previous profits were given back. Nevertheless, I've invested a significant portion in U.S. ETFs, especially those composed of the S&P 500. There might be other good ETFs, but if you can't decide on a single good fund and don't want to worry about it, just go with a passive fund - S&P 500!" Even Warren Buffett said at the 2020 Berkshire Hathaway annual meeting that the best investment method for most people is investing in the S&P 500. I strongly agree. I think it's an excellent choice, especially if you're looking at it as a long-term investment like IRP. Looking at the figures since 1993 from Investopedia, there have been ups and downs, but it shows a stable upward trend. I won't specifically include the annual average calculation as it can change depending on when you calculate. On the other hand, let's look at KOSPI. Comparing the two indices directly might be a bit of a stretch, but it's good for reference. You'll probably see a similar chart if you look at KOSPI 200. So, why U.S. ETFs, especially the S&P 500? It contains 500 of the world's most prestigious companies. Investments are made automatically based on their proportions. If a company falls out of or enters the top 500, it automatically flows into my fund. The fees aren't that high. (You should look into this part carefully; I chose the SPDR (SPY) fund from the S&P 500. Warren Buffett chose Vanguard's S&P 500 VOO). My retirement pension account can only purchase-related ETFs listed in Korea (banking sector). So, please inquire directly with your IRP company or check online. If you're unsure or can't be bothered, consider the S&P 500. If it's an IRP individual retirement account, I think investing in the S&P 500 is perfectly fine. You can invest up to 70% or adjust the ratio as you see fit. I've struggled a bit because of the retirement pension return rate. Thanks to well-chosen ETFs, there were times when the annual return exceeded 10%. However, during market fluctuations, I ended up giving back profits. And then, I switched to the S&P 500. It might not be as thrilling as a roller coaster, but you can sleep well at night and wait comfortably. "This is not for the sale or solicitation of a specific product, nor for investment advice. Investment depends on the wise judgment of the investor."

Basic methods to determine the timing of buying and selling stocks. When trading stocks, one often wonders how to generate better profits or how to determine the right timing for buying and selling. While it seems impossible to pinpoint these timings perfectly from a technical perspective, there are some indicators that can be used for reference. Here are a few simple ones to consider. 1. Trend Lines: Trend lines are used to identify certain patterns in stock prices. In an upward trend, the price shows a continuous rising pattern, while in a downward trend, it shows a continuous falling pattern. 2. Moving Averages: Moving averages calculate the average stock price, helping to determine its trend. If the moving average is rising, it indicates an upward trend, and if it's falling, it indicates a downward trend. 3. Relative Strength Index (RSI): RSI is an indicator that determines whether a stock is overbought or oversold. Typically, an RSI above 70 indicates an overbought condition, while an RSI below 30 indicates an oversold condition. 4. MACD (Moving Average Convergence Divergence): MACD determines the direction of a stock by comparing the difference between its short-term and long-term moving averages. If the MACD is rising, it predicts that the stock price will rise, and if it's falling, it predicts a price drop. 5. Bollinger Bands: Bollinger Bands measure the volatility of a stock. When the stock price touches the upper band, it's considered overbought, and when it touches the lower band, it's considered oversold. 6. Pivot Points: Pivot points calculate expected support and resistance levels using the stock's low, high, and closing prices. This helps determine the stock's trend and decide the timing for buying and selling. Among these, I mainly use moving averages and RSI. In my next post, I will share some case studies based on my analysis.

Basic Methods to Determine the Timing of Stock Buying and Selling (2) - Analysis with Moving Averages In the previous post, I introduced various basic methodologies to determine the timing for buying and selling stocks. Among them, I would like to provide more detailed examples of the two indicators I often refer to. To jog your memory, I primarily use the Moving Averages and the Relative Strength Index (RSI). Moving Averages: Moving Averages calculate the average price of a stock, helping to identify its trend. If the moving average is rising, it's interpreted as an upward trend, and if it's falling, it's seen as a downward trend. Relative Strength Index (RSI): RSI is an indicator to determine if a stock is in an overbought or oversold state. Typically, an RSI above 70 indicates an overbought condition, and below 30 indicates an oversold condition. You can easily see the moving average on any stock-related website, so there's no need for calculations. Just by the moving average, you can somewhat consider the timing for buying and selling. Simple Moving Average (SMA): SMA is the average stock price over a specific period. If the stock price rises above the SMA, it's a signal of an upward trend, and you might consider buying. Conversely, if the stock price falls below the SMA, it's a signal of a downward trend, and you might consider selling. Exponential Moving Average (EMA): EMA is a moving average that gives more weight to recent data. It reflects price changes more quickly, so it can detect trend reversals faster than SMA. The method to determine buying and selling times using EMA is the same as with SMA. Moving Average Crossover: This method observes the crossover of short-term and long-term moving averages. Typically, when a short-term moving average (e.g., 50 days) crosses above a long-term moving average (e.g., 200 days), it's interpreted as a buying signal. The opposite is seen as a selling signal. However, just looking at the moving average makes it hard to determine if it's overbought or oversold. Therefore, I look at both the moving average and the RSI. The timing for buying and selling can vary somewhat when considering both the moving average and the RSI compared to just looking at the moving average alone.

Considering the Timing for Stock Buying and Selling - Backtesting My Model Creating a model for stock buying and selling guidance requires considerable effort. However, once a model is established, it's essential to adjust the variables within it to find the optimal model. For instance, while one might primarily use the 50-day and 200-day moving averages and RSI for analysis, it's possible to incorporate shorter durations. As the chart becomes more complex, the timing for buying and selling varies depending on the weights. Ultimately, which model you choose and when you decide to buy or sell is up to your analysis and selection. There are commonly used analyses, and one reason for this is the frequent use of the 50-day and 200-day moving averages. Now, you need to decide on a model. Which model will guide your buying and selling decisions? This is where backtesting comes into play. What is backtesting? Backtesting in stocks refers to analyzing the effectiveness of an investment strategy using past data. Through backtesting, investors can verify how their investment strategy performed in past markets and measure the strategy's returns, risks, and risk metrics. Additionally, backtesting can assist investors in optimizing their investment strategy and making decisions for future investments. While backtesting is a useful tool for analyzing the effectiveness of an investment strategy, it does not guarantee future market performance. Investors should consider backtesting results to optimize their investment strategy and make decisions for future investments, but they should also be prepared for market volatility. Which model should you choose during backtesting? It's probably rational to select the model that had the best returns or showed a similar market trend. However, one must be wary of #overfitting. If a model fits too perfectly, consider the following: Increase the size of the data or the analysis period. Diversify the indicators. Validate the investment strategy. Buying and selling are divine territories, and I firmly believe that long-term value investing is beneficial. Nevertheless, I think it's crucial to continuously refer to technical analysis. I hope everyone has successful investments.

Independent thinking means making decisions based on one's own subjective judgment. It refers to thinking and acting according to one's own standards and principles without being swayed by the opinions of others or societal pressure. The reasons why independent thinking is important in everyday life are as follows: Self-directed decision-making: People with independent thinking can make decisions based on their own judgment and principles without being influenced by others. This gives them a sense of responsibility for their choices, allowing them to make more firm decisions. Creative ideas: Those with independent thinking can break free from conventional thoughts and propose new ideas or solutions. This enhances problem-solving skills and allows for flexible responses in various situations. Confidence: Acting with conviction in one's own thoughts and judgments instills confidence. This confidence can positively influence relationships with others. Personal growth: Through independent thinking, one can continuously reflect on their thoughts and values, providing opportunities for growth. Societal impact: People with independent thinking can lead societal changes and innovations. Instead of accepting given situations, they pursue change and create new values. In conclusion, independent thinking plays a crucial role in personal growth and driving societal change. Creating new values and changes through one's own thoughts and judgments can have a positive impact not only on the individual but also on society as a whole. Moreover, independent thinking becomes even more critical during times of crisis. There's a proverb that says, "Even if bitten by a tiger, if you keep your wits about you, you'll survive." I believe this proverb emphasizes the importance of independent thinking. Historically, there have been cases where lives were sacrificed by merely following the majority's opinion during crises. Why is that? Several reasons make independent thinking even more crucial during crises: Quick decision-making: In crisis situations, decisions often need to be made quickly. Those with independent thinking can make swift decisions without being influenced by external pressures. Objective judgment: It's easy to react emotionally in a crisis. People with independent thinking can judge situations objectively without being swayed by personal emotions or biases. Creative solutions: Conventional methods or solutions might not work in a crisis. Those with independent thinking can think outside the box and find new methods or solutions. Self-directed actions: Leadership is vital in a crisis. People with independent thinking can act according to their judgment and lead others. Stress management: Those with independent thinking might have a stronger resistance to external pressures and stress. Being confident in their judgments allows them to handle crises more calmly. Societal impact: Crises might require societal changes and innovations. People with independent thinking can pursue change and create new values rather than accepting the given situation. In conclusion, in times of crisis, quick decision-making, objective judgment, and creative solutions are essential, and these abilities are more likely to be found in those with independent thinking. Therefore, independent thinking becomes even more crucial during crises.

Last Friday, August 3rd, was the Friday when the Q2 earnings report was released. In fact, the earnings were not bad compared to expectations. Nevertheless, it seems to reflect concerns about the slowed business performance. Since October 2021, there hasn't been a day when the stock price fell after the earnings announcement. And the fact that the price drop was 5.5% shows how disappointed the market was. 5.5% of 3 trillion dollars. So, should we buy more Apple? Or should we wait and see The stock price of Apple? The answer seems to depend on the stock price trend for the time being, as well as the reactions to the new products that will be released soon. First of all, Apple has raised the price of its cloud service. It's not pleasant as a consumer, but I think I'll just use it. I'm not sure what impact it will have as a shareholder. It doesn't seem to have a price advantage compared to Google or OneDrive. To summarize August 3rd, the market reacted with concern to a relatively not-bad earnings announcement. At the same time, while not hugely influential, there was a downgrade of Fitch's U.S. credit rating, a rise in bond interest rates, and various other factors overlapped. I still plan to accumulate more Apple stocks when I see an opportunity, but I'll have to take a close look.

위에서 보시는 것처럼 거의 모든 코인들 간의 상관관계가 붉은 빛을 보이고 있습니다. 그 의미는, 아주 가까운 상관관계를 보이고 있다는 의미입니다. 우리가 알고 있는 것처럼, 비트코인 혹은 이더의 향방에 따라 전체 코인 시장이 움직이고 있습니다. 일부 특정 이벤트를 제외한 상황에서는 이런 현상이 지배적인 것 같습니다. 몇 가지, 상관관계에 변화를 줄 만한 이벤트들이 생길 수도 있을 것 같습니다. 리플과 SEC의 소송 결과 발표 후에 XRP의 움직임. 전체 가상화폐 시장을 끌어올릴 것인지 아니면, XRP의 나홀로 상승이 될 것인지를 살펴보려고 합니다. 리플과 SEC의 소송 결과에 따른 가격의 단기적인 상승폭은 얼마나 될 것인지? 다소 허황된 숫자가 연일 유투브에서 쏟아져 나오는데, 우선 1 달러 회복이 최우선 과제가 되어야 할 것 같습니다. 비트코인 저항선과 지지선 내에서의 지루한 등락이 언제 깨질 것인지? 챗 GPT가 불러일으킨 AI 돌풍이 여전히 계속되고 있습니다. 다양한 솔라나 블록체인드 챗GPT플러그인 통합 및 탑재를 준비해 왔고, 5월 23일 출시했습니다. 과연 이런 변화들이 어떤 의미를 시장에 가져올 지 궁금합니다.