Started investing in dividends at age 43.
He was convinced that investing in US stocks, especially dividend ETFs, was the path to becoming "unwaveringly wealthy." He sold his financial products and apartments to raise initial investment funds, and has since achieved a cumulative dividend performance of 100 million won.
Currently, I receive 4 million won in dividends into my account every month.
The book explains how to quickly reinvest your investment principal, how to diversify your investments to preserve your principal even in the face of economic crises, and how to use exchange rates as leverage.

As you know, investing in US stocks means investing in the world's top companies in each sector using the US dollar, the world's most stable currency.
While Korean companies' competitiveness won't suddenly decline, given their aging population and the world's lowest birth rate, it's unclear whether Korean companies will continue to grow and share the fruits of their labor with shareholders in the next 10 or 20 years.
This is why I started investing in US stocks, especially dividend stocks.
So far, I have invested a total of 500 million won in US dividend stocks, and the period of investment is about 4 years.
In the meantime, the dividend I received was 94.35 million won.
--- p.21

I reinvest at least half or a third of the dividends I receive each month.
Dividends may arrive between 10:00 AM and 12:00 PM, or between 2:00 PM and 6:00 PM.
When dividends are paid, they are repurchased on the same day at the pre-market.
However, if you are buying a large quantity at once or buying and selling simultaneously to change your portfolio, you should trade 1 hour or 30 minutes before the regular market closes.
--- p.44

Even if dividends don't increase or stock prices don't rise, applying the Rule of 72 shows that with just a 4% dividend yield, your assets will double every 18 years.
Even if you are a coward and only reinvest 4% of the dividends each year to increase your stock holdings without investing any additional money, your assets will double in less than 10 years.
This will make a huge difference when it comes time to retire.
--- p.65

If the exchange rate of 1,100 won rises by 27% to 1,400 won, then 7 dollars will be equivalent to 9,800 won in Korean won.
That is, although the stock price fell by 30%, the value in Korean Won only fell by about 11%, from 11,000 won to 9,800 won.
In dollar terms, that's a 30% drop, but in won terms, it's an 11% drop.
This difference in investor fear is quite significant.
So, even if an economic crisis occurs and stock prices plummet, if the exchange rate rises, Korean Won investors can protect themselves from the price fluctuations.
This is called the 'cushion effect'.

--- p.71

In times of high exchange rates, such as now, when the U.S. base interest rate is high and the interest rate gap between Korea and the U.S. is large, leading to significant exchange rate fluctuations, investing in dividend stocks can be considered investing in dollars (because dividends are paid in dollars).
Exchange rates, when used wisely, act like leverage, allowing you to recover losses or, conversely, double your performance.
When investing in US stocks, it is better to convert the amount you plan to invest in advance, at least once a month, rather than converting it every time you trade.
--- p.72

Warren Buffett once said, “The stock market is a tool for moving money from the impatient to the patient.”
The biggest difference between those who make a lot of money from investing and those who don't is the patience to set investment principles and stick to them.
Investing is not a race to see who can win.
Only by enduring and enduring can you gain sufficient understanding and wisdom about the market.
--- p.93

We briefly looked at the investment thoughts of world-renowned investors such as Warren Buffett, Andre Kostolany, and Peter Lynch, and their thoughts on the stock market crash.
They all advised against trying to predict the market and instead to be patient and stay in the market for a long time.
He emphasized that when a market crash hits, ordinary investors sell their stocks and leave the market out of fear, but it is important to observe the market closely and wait rather than giving up.
--- p.105

So far, we have introduced the top 10 US ETFs by market capitalization.
What insights did you gain from this? While organizing this data, a thought suddenly occurred to me: the top 10 ETFs all employ passive, not active, strategies.
It is not an active ETF with difficult strategies such as leverage or covered calls, but a passive ETF with a low management fee of less than 0.1% and a dividend yield of 1% to 3%.
--- p.130

Looking at the top 10 monthly dividend ETFs by market capitalization, eight of them are bond ETFs.
Perhaps due to the post-COVID interest rate cuts, investment funds flowing into bond ETFs appear to be increasing.
A large market capitalization means that a lot of investment money is flowing into the market, and there is always a reason for this influx of money.
--- p.160

So far, I've shared the eight investment habits of Golden Star.
Actually, there's nothing special.
I am an ordinary investor who did not major in economics and has no experience in securities or finance.
Because I don't have a lot of relevant knowledge and experience, I'm investing humbly in safe dividend stocks and good ETFs.
In some ways, it can be said to be the investment closest to the principles.

Good investments are incredibly boring.
Don't be overly swayed by short-term results. Instead, cultivate the discernment to select good stocks, invest consistently and in a lump sum, and become a successful investor who stays in the market for a long time.
--- p.182

In 1998, three economics professors at Trinity College in the United States published a research paper that stated that if you invested 100% of your retirement funds or investments in stocks or 75% in stocks and 25% in bonds and withdrew only 4% each year, there was a more than 98% chance that your retirement funds would not be depleted for 30 years.
It is said that even though the inevitable annual inflation rate was reflected, there was no shortage of money or loss.
--- p.186

I plan to continue managing my portfolio by focusing on dividend stocks, as I always have.
So, investors who have been successful in short-term trading have been investing in dividend ETFs, which are difficult to understand, for more than five years.
I may not become rich overnight, but I want to slowly build wealth and take a leisurely stroll, like taking a walk, without being obsessed with achieving results every day.
--- p.210

For young investors just starting out or those preparing for retirement later in life, it can take years just to build up seed money for dividend investing.
In the process, most investors give up boring and dull dividend investing and try to take shortcuts by investing in volatile growth stocks or double or triple leveraged investments.
Let me reiterate: dividend investing is synonymous with time and patience.
It is a long process of investing the seed money (investment capital) saved from earned or business income in dividend stocks, and then reinvesting the dividends received every month to accumulate stocks.
This process is necessary to create a plausible cash flow.
--- p.212

It is important to gain indirect experience by creating various dividend portfolios based on dividend yields and running simulations.
Whether you have a portfolio that yields 3-4% or 9-10%, the key is to stay in the market for a long time and receive dividends.

--- p.214