February 2024 Overseas Stock Net Purchase Ranking and Investment Strategy

Top 10 Overseas Stocks with Net Purchases (as of February 2024)

SOXL (Semiconductor 3x Leverage ETF) – 21.7%
NVIDIA (NVDA) – 17.3%
DIREXION DAILY SEMICONDUCTOR BULL 2X ETF (SOXXL) – 13.9%
Tesla (TSLA) – 7.1%
TSLL (Tesla 2x Leverage ETF) – 5.3%
Broadcom (AVGO) – 3.6%
TSMC (Taiwan Semiconductor Manufacturing) – 2%
Corporation Power Generation Company – 1.6%
QQQ (Nasdaq Index ETF) – 1.6%
Nvidia Covered Call ETF – 1.4%

Based on the data above, semiconductor and AI-related stocks are showing strong performance. In particular, NVIDIA and Tesla are attracting investor attention.

1. NVIDIA and Tesla Investments: Should We Watch and Wait?

🔹 Current Situation Analysis

NVIDIA and Tesla are top-ranking overseas stocks with net purchases, with Tesla ranking 4th-5th and several NVIDIA-related stocks included in the TOP 10.
Despite recent corrections, many investors are engaging in bargain hunting.
They are the leaders in the AI semiconductor and electric vehicle industries, with high long-term growth potential.

🔹 Investment Strategy

Even if corrections occur, they should be seen as opportunities rather than major crises.
The AI industry is still expanding, and the investment cycle of companies is accelerating.
While charts mentioning the possibility of NVIDIA's decline are circulating on social media, simple comparisons are unreliable.
There are analyses comparing it to Cisco during the dot-com bubble in 2000, but the current AI industry is characterized by faster and stronger growth.
Due to the spread of AI investment and the development of cloud computing, not only hardware but also software is growing rapidly.
In the mid-stage of the AI supercycle, an additional buying strategy during adjustments is effective.

🔹 Most Attractive Stocks

Oracle (ORCL)
NVIDIA (NVDA)
Broadcom (AVGO)
Tesla (TSLA)

2. US vs. China: Trump's Tariff Policy and Investment Impact

🔹 Strengthening of Trump's Tariff Policy

There is a possibility that the US-China trade war will escalate again.
Increased pressure to devalue the Chinese Yuan & concerns about decreased corporate profits.
The US 10-year Treasury yield is expected to remain at 4.5-5%.

🔹 Possibility of a Financial Crisis from China (within 2-5 years)

Continued stimulus measures → Short-term stock market gains possible (opportunity for stock price rebound).
However, China's leverage ratio is at a dangerous level.
The possibility of a financial crisis increases when foreign exchange reserves decrease.

🔹 Investment Strategy

Rather than worrying about a financial crisis originating in China right now, active investment is necessary until the supercycle ends.
AI industry and major growth stocks are likely to rise even higher before a crisis hits.

3. Palantir (PLTR) Stock Price Increase and AI Software Investment

🔹 Reasons for Palantir's (PLTR) Surge

Rapidly emerging as a leading company amid strong AI software performance.
178% increase after turning to profit (Comparison: Tesla rose 30 times after turning to profit).
Although PSR reached 50x and PER reached 150x, growth may continue as the AI market expands.

🔹 AI Supercycle and Future Prospects

As in the case of Tesla in the past, a full-scale upward pattern may be possible after turning to profit.
The AI supercycle is still underway → Software-related stocks are also expected to be strong.
However, stock selection is most important due to high volatility.

< Summary >

AI and semiconductor-related stocks such as NVIDIA and Tesla maintain strength
There is a possibility of renewed US-China trade war, but the supercycle is stronger than an immediate financial crisis
AI software companies such as Palantir (PLTR) are also expected to show strong growth
Currently, the AI investment expansion phase is underway, and an additional buying strategy during adjustments is advantageous

[More…]

View related latest analysis:
1️⃣ AI Semiconductor Market Outlook
2️⃣ Tesla Stock Price Analysis

*YouTube Source: [유동원의 성공투자]

– 딥시크, 관세 전쟁 악재. 엔비디아 팔아야 할 때?

Was the Apollo 11 Moon Landing Faked?

1. Was the Apollo 11 Moon Landing Fake?

On July 20, 1969, NASA's Apollo 11 became the first mission in history to land on the moon.
Neil Armstrong and Buzz Aldrin stepped on the lunar surface, and the event was broadcast live around the world.

However, some people claim that this event was fabricated. Key points of doubt include the following:

2. Main Arguments and Rebuttals of Conspiracy Theories

① The flag appears to be waving in the wind.

There is no atmosphere on the moon, so there is no wind.
However, NASA inserted a steel rod into the flag to make it spread out.
Also, the flag only appeared to be waving because the astronaut moved it by hand when planting it.

② The sky is completely black, and no stars are visible.

Even when looking at the night sky from Earth, stars are difficult to see under bright lights.
The lunar surface directly reflects sunlight, making it very bright, and the cameras used by astronauts were set for bright environments, so faint stars were not captured.

③ The shadows look strange.

Conspiracy theorists argue that the shadows extending in multiple directions suggest that there were filming lights.
However, the lunar surface is uneven and has high reflectivity, which can cause shadows to blur and distort in multiple directions.

④ Why haven't people gone back to the moon?

In the 1960s and 70s, space exploration was a competition between the United States and the Soviet Union, so a lot of budget was invested.
However, after the end of the Cold War, NASA focused on more realistic projects (space stations, Mars exploration, etc.) than lunar exploration, resulting in a decrease in manned exploration.
Recently, NASA, China, Japan, and others are preparing for manned lunar exploration again. In particular, NASA plans to resume manned lunar exploration after 2024 through the 'Artemis Project.'

⑤ Would it have been possible with 1960s computer technology?

The computers of that time were less powerful than current smartphones.
However, space exploration was based on tremendous mathematical calculations and engineering technology, and NASA successfully completed the mission by combining humans and computers.
Moreover, since then, not only the United States but also Russia, China, India, etc., have independently conducted lunar explorations and confirmed the same components as the samples brought by the Apollo mission.

3. Conclusion

The Apollo 11 moon landing has been historically and scientifically proven to be true.
The reason why conspiracy theories spread is that some photos and videos were difficult to understand intuitively, and NASA and various research institutions are continuously providing reasonable explanations for this.
Recently, as various countries are conducting lunar exploration, evidence that the moon landing was not fabricated continues to accumulate.

< Summary >

Although there are conspiracy theories that doubt the Apollo 11 moon landing, it has been proven by scientific evidence that it was not fabricated.
Explanations are possible for the reasons why the flag waves, why stars are not visible, the direction of shadows, and the limitations of computer technology in the 1960s, and subsequent explorations by various countries support this.
Currently, NASA and other countries are planning lunar exploration.

[More…]

Artemis Project: NASA's New Lunar Exploration Mission
https://nextgeninsight.net/?s=%EC%95%84%EB%A5%B4%ED%85%8C%EB%AF%B8%EC%8A%A4

China and Russia's Lunar Exploration Plans, Will a New Competition Begin?
https://nextgeninsight.net/?s=%EB%8B%AC%ED%83%90%EC%82%AC

*YouTube Source: [Jun’s economy lab]

– 아폴로는 달에 갔을까?

Let's get straight to the point.

OpenAI Deep Research Launch and Potential for Achieving AGI

What is OpenAI Deep Research?

Deep Research launched by OpenAI is an AI model that performs advanced research and analysis.
Capable of conducting in-depth research and report writing at a human level.

Deep Research Performance and Benchmarks

Achieves more than double the performance of existing models (O3 Mini).
Demonstrates outstanding results in various tests, including the 'Humanity Test EX'.

How to Use and Pricing Plans

Requires subscription to the OpenAI Pro plan (₩300,000 per month).
Allows users to ask up to 100 questions per month.
Can be used by selecting and activating on the website.

Expert Evaluations and Real-World Examples

Professor Ethan Mollick at the University of Pennsylvania

Can generate research results at the level of a first-year Ph.D. student.
Unable to reference paid papers but can produce high-quality research results.

Philip Millon, an OpenAI employee

Requested Deep Research to research breast cancer treatment methods.
Reflected opinions from oncologists and cited in-depth information from papers.
AI's analysis helped make treatment decisions with greater confidence.

AI drafted a patent draft, generating a 25-page report.
The level is sufficient even after expert review.

Actual Use Cases of Deep Research

Creating an NVIDIA Investment Report

Requested the AI to generate a report related to NVIDIA.
AI asked questions about investment goals, report format, and key focus areas before conducting research.
Completed a comprehensive investment analysis report in 13 minutes by collecting vast amounts of data.
Transparently disclosed the data collection process.

Changes and Prospects due to Deep Research

Increased possibility of knowledge workers' roles being replaced by AI.
Potential for changes in professions such as doctors, stock analysts, and consultants.
The speed of technology diffusion is expected to be much faster than in the past.

Conclusion

Deep Research has deeper research capabilities than existing AI.
Can bring significant changes to the knowledge labor market.
As the use of AI increases, there is a possibility that the role of humans will change.

OpenAI launched Deep Research, showcasing AGI-level AI.
The pricing plan is ₩300,000 per month, capable of producing expert-level reports.
Experts, including professors from MIT and the University of Pennsylvania, are amazed by AI's research and analytical abilities.
Achieved faster and more accurate results than humans in practical tests, such as NVIDIA stock analysis.
The possibility of replacing knowledge labor jobs is increasing, marking a turning point in the AI era.

[More…]

1. OpenAI Deep Research, Will AI Replace Human Researchers?
👉 https://nextgeninsight.net/?s=%EC%98%A4%ED%94%88AI

2. NVIDIA AI Investment Strategy, Future Predicted by AI Analysis
👉 https://nextgeninsight.net/?s=%EC%97%94%EB%B9%84%EB%94%94%EC%95%84

*YouTube Source: [내일은 투자왕 – 김단테]

– 새로운 괴물 인공지능이 나타났다! 딥 리서치! 당신의 직업을 ‘삭제’ 합니다 ㄷㄷㄷ

Abolition of Dividend Tax Benefits for ISA and Pension Savings Accounts: What's the Investment Strategy Going Forward?

Details and Background of the Dividend Tax Benefit Abolition

1. Existing Dividend Tax Benefits

In tax-advantaged accounts such as ISA (Individual Savings Account), pension savings, and IIP, dividend income tax (15.4%) was not immediately withheld when receiving dividends from foreign ETFs.
Dividends were paid in full (100%), and taxes were incurred upon account termination or pension receipt.
In the case of pension accounts, the tax rate was reduced to 3.3~5.5% when withdrawing pension funds, resulting in significant tax savings.
Tax deferral benefits allowed maximizing the compound interest effect by paying taxes later.

2. Dividend Tax Reform Details from January 2025

The government announced changes to the refund procedure for foreign ETF dividends through the 2021 tax revision.
Previously, the National Tax Service refunded the dividend tax (15%) withheld from the U.S. to investors first and then withheld it later.
However, starting in 2025, this method will be abolished, and dividend income tax will be immediately withheld.

Impact of the Tax Reform

1. Abolition of Tax Deferral Benefits

Previously, 100% of dividends were received, and taxes were paid later, but now, a 15% tax is deducted immediately when dividends are paid.

2. Loss of Low Tax Rate Benefits

Pension accounts were subject to pension income tax (3.3~5.5%) upon withdrawal, resulting in tax savings, but now, general dividend income tax (15.4%) is immediately imposed.

3. Possibility of Double Taxation

15% tax is withheld in the U.S. when receiving dividends.
Additional tax burden (3.3~5.5%) may occur when withdrawing from the pension account later.
In other words, a double taxation controversy arises, and the government is discussing countermeasures for this.

Government's Response and Outlook

1. Government's Discussion of Countermeasures

The Korea Financial Investment Association and pension providers are in discussions to prepare countermeasures.
Adjustments to the double taxation problem and tax system are necessary, but it is not easy to resolve in the short term.
It is unlikely that countermeasures will be announced within 2024, and investors need to approach carefully until a separate adjustment plan is released.

2. Considering a Shift to Direct Overseas Investment?

Many investors are considering directly purchasing foreign ETFs (direct overseas investment).
However, in the case of overseas investment, there are additional considerations such as exchange rate volatility and overseas stock capital gains tax.
Until the tax changes for ISA and pension accounts are confirmed, it may be more reasonable to watch the government's announcements rather than prematurely changing investment strategies.

< Summary >

✅ Abolition of Foreign ETF Dividend Tax Benefits from 2025
✅ Tax deferral and low tax rate benefits of existing tax-advantaged accounts disappear
✅ 15% tax withheld when receiving dividends, concerns about double taxation when withdrawing from the account
✅ The government is discussing solutions, but it is difficult to resolve in the short term
✅ Overseas direct investment (direct investment) can be considered, but a cautious approach is needed
✅ Waiting for the government's announcement of additional countermeasures is a reasonable choice

[More…]

📌 Investment Strategy According to ISA Account Changes
👉 https://nextgeninsight.net/?s=ISA

📌 Analysis of the Impact of Foreign ETF Dividend Tax Reform
👉 https://nextgeninsight.net/?s=ETF

*YouTube Source: [이효석아카데미]

– ISA, 연금저축, IRP 로 받던 세제혜택이 이제 사라집니다! 미국 주식으로 국민들이 돈 버는 꼴을 보고 싶지 않은 대한민국 정부? #한나

Analysis of Trump's Economic Policy Changes and Market Impact

Key Changes in Trump's Second Term Policies

Change in the Stance on Tariff Hikes
- Unlike expectations, a large-scale tariff hike policy is not expected to be introduced during Trump's second term.
- Instead, there is a high possibility of adjusting tariffs through individual negotiations with specific countries (China, Canada, Mexico).
- Developments that differ from previous market expectations are impacting interest rates and economic policies.
Focus on Managing Inflation
- Trump has targeted the Biden administration's inflation as a major criticism and aims for price stability as a policy goal.
- Indiscriminate tariff hikes can stimulate prices, so there is a high possibility of refraining from tariff increases.
- It is expected that he will take a strategy to boost the US economy by leading interest rate cuts.

Impact of Policy Changes on Financial Markets

Changes in Interest Rate Policy
- The Trump administration will focus on creating an environment to lower interest rates.
- The Fed's interest rate cuts were difficult due to high inflation, but maintaining price stability will increase the possibility of interest rate cuts.
- Accordingly, US Treasury yields are falling preemptively.
Impact on the Foreign Exchange Market (Exchange Rate)
- Decline in Treasury yields → Decline in the dollar index → Increased possibility of a decline in the KRW/USD exchange rate.
- It is predicted that the existing strong dollar trend will ease.
- If Trump's protectionism and national-centric policies continue, a weakening dollar trend may form.
Impact on the Stock Market
Stock markets are likely to show a positive trend due to increased expectations of interest rate cuts.
In particular, a rebound is possible, mainly in consumer staples, finance, and energy-related stocks.
On the other hand, as eco-friendly policies regress, the growth momentum of ESG (Environmental, Social, and Governance) related companies may weaken.

Energy Policy and Market Changes

Strengthening Energy Hegemony Strategy
- There is a high possibility of implementing policies to expand the production of shale oil and gas in the United States.
- Expected increase in exports of crude oil and LNG (Liquefied Natural Gas).
- Cooperation with the Korean shipbuilding industry may be strengthened for this purpose.
Factors Fluctuating International Oil Prices
- If the US trend of increasing crude oil production is maintained, downward pressure on oil prices will increase.
- As international crude oil prices stabilize, inflation rates are likely to slow down.
- Based on this, the possibility of the Fed's interest rate cuts increases.
Changing Climate Change Response Stance
Trump is likely to withdraw from the Paris Climate Agreement and regress on eco-friendly policies.
The ESG (Environmental, Social, and Governance) management philosophy is weakening, and support for eco-friendly policies is expected to be reduced.
Accordingly, the growth prospects of green energy, electric vehicle-related industries, and related companies may be somewhat weakened.

Changes in Global Trade and Business Environment

Impact of Weakened Eco-Friendly Policies on Corporate Management
- There is an increasing possibility of easing greenhouse gas reduction regulations.
- Easing regulations related to the environment → Cost reduction for companies → Possibility of increased factory attraction in the US.
- If regulations related to carbon emissions are relaxed, the competitiveness of existing fossil fuel-based industries may increase relatively.
Changes in the International Trade Environment
- Trump is expected to re-strengthen the 'America First' policy.
- Negotiations will be conducted in a direction that maximizes the interests of the United States in trade negotiations with major trading partners.
- There is a possibility that the global supply chain will be reorganized around the US again, so there is a possibility of relocation of production bases within specific industries.

< Summary >

Changes in Trump's Second Term Economic Policy
- Possibility of limited adjustments instead of large-scale tariff hikes, contrary to previous expectations.
- Strategy to maintain price stability and induce interest rate cuts.
Impact on Financial Markets
- Decline in Treasury yields, weakening of the dollar → Stabilization of the KRW/USD exchange rate.
- Rising expectations of interest rate cuts → Possibility of stock market rebound.
Changes in Energy Policy

Increased production of shale oil and gas → Possibility of falling oil prices.
Strengthening the US energy hegemony strategy and expanding crude oil and gas exports.

Retreat of Climate Policy and Industrial Impact
- Possibility of reducing ESG (eco-friendly) policies.
- Expanding the competitiveness of fossil fuel-based industries.
Changes in the International Trade Environment
- Strengthening of America First, possibility of changes in trade negotiations with major trading partners.
- Possibility of global supply chain reorganization centered on the US.

[More…]

▶ Trump's Economic Policies and Market Outlook
👉 https://nextgeninsight.net/?s=%ED%8A%B8%EB%9F%BC%ED%94%84

▶ Possibility of US Interest Rate Cuts and Economic Impact
👉 https://nextgeninsight.net/?s=%EA%B8%88%EB%A6%AC

*YouTube Source: [경제 읽어주는 남자(김광석TV)]

– ‘관세전쟁’ 시작도 안했는데 여파는 이곳저곳에… 트럼프의 진짜 경제 전략은? | 클로즈업 – 경제 기초 강의 3편

Okay, here's the English translation, maintaining the format and converting "Next-Korea.com" to "nextgeninsight.net/":

Three Economic Crises Facing South Korea: Tariffs, Inflation, and AI

1. Tariff Issues: Strengthening US-Centric Protectionism

Trump's Strong Tariff Policy
Since taking office, the Trump administration has imposed high tariffs on both allies and adversaries, and this trend is likely to continue.
South Korea's Trade Structure
South Korea has an export-oriented economic structure, and the United States is one of its major markets.
- In particular, the US export share is high in major industries such as semiconductors, secondary batteries, steel, and automobiles.
- If tariffs are imposed in the US, the price competitiveness of Korean companies will decline, and the trade surplus will be at risk of decreasing significantly.
Increased Establishment of Factories in the US
The US provides tax breaks to companies that build factories in the country, which is increasing the number of Korean companies relocating to the US.
- As South Korea's core industries gradually move to the US, the possibility of domestic job losses and economic weakening increases.
- As a response, the government and companies should prepare more active support measures.

2. Inflation: Impact of the US Strong Dollar Policy on the Korean Economy

US Interest Rate Policy and Rising Prices in South Korea
As the US maintains high interest rates and a strong dollar policy, capital is concentrated in the US.
- As a result, exchange rates in emerging countries, including South Korea, are rising, and the prices of imported raw materials are also soaring.
- In particular, if the prices of essential raw materials such as grains, crude oil, and steel rise, the rate of inflation in South Korea accelerates.
Limitations of Corporate Exchange Rate Defense Strategies
Some companies hedge against exchange rate fluctuations to reduce risk, but rising raw material prices increase cost burdens.
- As cost burdens increase, consumer goods prices also rise in series, negatively impacting consumer prices.
Negative Impact of Inflation on Consumer Sentiment and Economic Growth
The faster prices rise, the more consumers reduce consumption, weakening the engine of economic growth.
- The lives of the common people become difficult due to a decrease in real income, and the relative deprivation caused by rising real estate prices causes social unrest.

3. South Korea's Lack of Response in the AI Hegemony Competition

National Competitiveness in the AI Era
Looking at the history of mankind, countries or civilizations that have fallen behind in technological revolutions have declined.
- Only companies and countries that properly utilize AI can have future competitiveness.
AI Military and Industrial Revolution
- In the military field, countries with next-generation weapon systems such as AI drones and unmanned fighter jets will have overwhelming superiority.
- In the manufacturing sector, AI technology will explosively increase productivity, reduce production costs, and improve development speed.
- Countries with rapid AI innovation will dominate the global market, and latecomers are likely to become obsolete.
South Korea's Lack of AI Investment and Weakening Competitiveness
In the past, South Korea held a leading position in internet infrastructure and the IT industry, but it is lagging behind in the AI field.
- South Korea's private AI investment ranking fell to 9th place in 2023, indicating a lack of investment.
- On the other hand, the US and China are expanding AI's military and industrial applications, strengthening their global competitiveness.
Solutions for AI Industry Development
- Establishment of an AI data center is urgent.
  - Infrastructure needs to be strengthened so that domestic AI companies can utilize data to learn and develop technologies.
- Expansion of national support for AI manufacturing innovation.
  - Policy support such as deregulation, robot technology development, and AI-based manufacturing conversion is essential.

4. SK Group's AI Response Strategy

SK Group is pursuing a large-scale business portfolio reorganization to prepare for the AI era.
- Chairman Chey Tae-won sees 2027 as the era of AI expansion and is proceeding with a reorganization centered on artificial intelligence.
- Securing AI investment capacity at the group level and reorganizing core businesses around AI.
SK Hynix's Proactive Investment Case
- SK Hynix has been developing HBM (High Bandwidth Memory) since 2013 in preparation for the AI era.
- Mass production began in earnest in 2020, securing global competitiveness in AI chip technology.
- This proactive investment has enabled cooperation with global AI companies such as Nvidia.
Changes in SK Group's Management Strategy
- Efficiently adjust the existing business structure and focus on core businesses by reorganizing unnecessary affiliates.
- Strengthened financial soundness by reducing more than 10% of affiliates within the group during 2023.
- Prepare a financial base for expanding investment centered on AI technology.
SK Group's case can serve as an important reference for Korean companies preparing for the AI era.

5. Future Response Directions and Policy Recommendations

The government, companies, and citizens must work together to develop AI competitiveness.
- It should be recognized that securing AI technology is not simply an industrial development issue, but a matter of national survival.
- Public-private cooperation should be strengthened for AI-based manufacturing innovation.
Need to expand government-level AI infrastructure investment
- Support technology development and industrial application by expanding AI data centers.
- Strengthen policy support to promote the convergence of manufacturing and AI technology.
AI talent development and research and development support
- Increase education and R&D investment to foster talent that will lead AI technology.
- Prepare active support measures so that domestic AI companies can compete with global companies.

Since South Korea is an export-oriented economy, it is directly affected by changes in US tariff policy, and there is a high possibility that companies will relocate to the US, which risks weakening the domestic industrial base.
In addition, domestic inflation is intensifying as exchange rates and raw material prices rise due to the US high interest rate policy.
In particular, South Korea is gradually falling behind in the AI industry, and if it is pushed out of the AI hegemony, it could have a serious impact on the overall Korean economy.
In response, SK Group is proactively pursuing an AI-centered management strategy, and the construction of an AI data center, manufacturing innovation, and AI talent development are essential.
For South Korea to overcome future economic crises, it is necessary to actively foster the AI industry and provide strategic support at the national level.

[More…]

"Korean Economic Crisis Tariff Policy Change" : https://nextgeninsight.net/?s=Tariff
"Response Strategy of Korean Companies in the AI Era" : https://nextgeninsight.net/?s=AI

*YouTube Source: [Jun’s economy lab]

– 한국경제에 3가지 위기가 오고 있습니다