“I lost all the money I made this year”... Kim Gu-ra checks his stock account

[Financial News]  TV personality Kim Gu-ra said he had lost all the profits he made from stock investments this year amid a recent market downturn. He said the value of his stock account had fallen to the level it was at in November last year, and that he had suffered substantial losses compared with this year’s peak.
Kim Gu-ra discussed his stock investments in a video released on the 9th on the YouTube channel “GreeGura,” titled “Economic Stories to Listen to While Lying in Bed, Kim Gura’s Economic Lab EP. 123 Full Version.”
The video was filmed on the 1st. Speaking about the recent market downturn, Kim Gu-ra said, “It’s upsetting. I’ve now given back all the substantial gains I made, and I’m back where I was around this time last year. I’ve given back all the gains,” adding that the value of his stock account had fallen significantly.
He also answered a viewer who asked whether he had incurred investment losses, saying, “I have losses too.”
Kim Gu-ra said that although his cumulative returns were fairly good after investing in stocks for more than a decade, he had taken a major hit in the recent downturn. “I’m not saying this to brag just because I’ve been investing in stocks for over a decade. My cumulative returns are good, but in any case, I’ve suffered tremendous losses compared with this year’s peak,” he said.
He added, “My account has actually gone back to its valuation in November last year. I’ve lost all the money I made this year,” saying he had given back all the paper gains accumulated as stock prices rose this year.
The losses Kim Gu-ra described mean that the value of his stock account has fallen substantially from its peak this year. They do not mean that he has lost all his investment principal. Kim Gu-ra also said that his cumulative returns from investing in stocks for more than 10 years remain fairly good.
Kim Gu-ra also addressed a recent remark by his son, singer Gree (Kim Dong-hyun), who estimated his wealth at between 5 billion and 30 billion won.
Kim Gu-ra stressed that his son does not know the actual size of his wealth. “Our Dong-hyun doesn’t know how much money I have. He doesn’t even know how much I’m paid for appearances,” he said, adding, “He just thought that since Dad had worked a lot, he must have about that much.”
He said his son had estimated his wealth based on examples such as other celebrities buying property. Kim Gu-ra said, “He heard that even celebrities who haven’t been in broadcasting for long buy apartments worth that much, and said, ‘Wouldn’t my father have about that much?’”
Kim Gu-ra said that after his son’s remark was reported as if it reflected the actual size of his wealth, he called him directly to complain. He said he asked, “You also said you wouldn’t talk about me after you were discharged. Why do you keep talking about me?” Gree reportedly apologized and replied that he would not talk about his father’s wealth again.
Earlier, on the 31st of last month, Gree said on his YouTube channel that he thought Kim Gu-ra’s wealth might be “in the 5 billion–10 billion won range, or the 10 billion–30 billion won range.” This was a personal guess, not an estimate based on checking Kim Gu-ra’s actual wealth.
At the time, Gree shared his view, saying, “My father worked for a long time without taking a break. I don’t know the exact size of his assets, but I think he was also smart and good at managing his finances.”


[email protected] Han Seung-gon Reporter