Decimal investment in foreign stocks, there was a reason for "dust and dust"

<Anchor>

When investing in foreign stocks these days, you can split the stock and buy only a portion of it instead of buying all of it.

For example, it is said that you can buy a stock worth 1 million won a week by cutting only 200,000 won or 500,000 won worth of stock, but there are not many things to improve on.

First, let's look at the report of reporter Kim Hye-min, and then we will continue the story.

<Reporter>

Investing in foreign stocks is a common thing these days.

But Tesla in the US costs 1 million won a week, and Google's Alphabet is over 3 million won.

So these days, 'decimal point investment' is in vogue, but decimal point investment doesn't mean that you buy a full share, but you buy it in 0.2 shares, 0.3 shares, and so on.

Although only overseas stocks are available yet, just last year, more than 1 million people already invested in this decimal point.

And more than 70% of them were the MZ generation.

However, recently, some investors have stopped investing in this decimal point because of the high commission rate.

[Hyun Kim / Office worker in their 30s: (decimal point investment) You would think that the commission is actually lower, but I think the reason why I didn't do it was to keep charging a much higher commission than the existing stock trading.

] We have collected decimal investment fees.

0.25% is the default, and only some companies are holding events for a limited time.

Considering that the general trading fee for buying one share is usually 0.07%, the difference is up to three times or more.

[Dahee Choi/University Student: The point when I felt that this was a bit expensive was when I was not making a profit like this even though I invested hard with a decimal point investment. So, when I collected the dust, it was dust.]

There is another disadvantage.

It is a shareholder, but not a shareholder with voting rights.

[Kim Dae-jong / Professor of Business Administration at Sejong University: The depositary collects all these hydrogen point stocks and can exercise voting rights in the direction they want.

As a public corporation, it is a very big disadvantage because there is a very high possibility that they will exercise their voting rights in search of their own interests

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] -

<Anchor> 

Here is reporter Kim Hye-min, who just delivered the report. 

[Reporter Hyemin Kim: Yes, that's right.

The US has been investing in decimals for a long time.

However, unlike Korea, there are places that pay little or no such fee at all.

For example, have you heard of the Robinhood app, which is used by many young people these days?

Let's talk.

You can do decimal trading here, but there are virtually no fees.

Some say this was included in the asking price, but even if this is included in the asking price, it is much lower than the 0.25% paid by Korean investors.] 

[Reporter Hyemin Kim: Yes.

Investing in domestic stocks is not yet available, and from September this year, domestic stocks can also trade with this decimal point.

Even at this time, in fact, you will receive a much higher decimal investment fee than this fee that brokers buy each week.

But, people who invest in decimals like this, as I said before, people in their 20s and 30s account for more than 70%, and there are also many low-income earners.

I wonder if the government should just keep reporting that fees are constantly being high like this.] 

[Reporter Hyemin Kim: I heard the explanation.

“Since we are dealing directly with a foreign securities company, the commission is higher, it costs more,” he explained.

However, the income this brokerage company earns is amazing.

Last year, domestic securities companies recorded the highest net profit ever, and among them, the proportion of commission income paid by investors is the largest.

It is good to advertise something like 'You can buy emperor wine for the price of a cup of coffee', but it seems more important to enable investors to accurately and quickly provide information such as how much is the transaction fee and cannot exercise voting rights. ]