[Edaily Reporter KWON HYE-ME ] John Lee, CEO of John Lee’s School of Wealth, offered advice to investors starting out with 100 million won in spare cash, introducing them to exchange-traded funds (ETFs).

On the 12th, a video titled “100 million won for retirement: How should I invest it? Investment strategies for people in their 50s and 60s, as explained by CEO John Lee” was posted on the YouTube channel “Saemet TV.”

In the video, a viewer identified as Mr. A, who introduced himself as being in his late 60s, asked, “It’s quite late, but I’m not sure how to make the most of my spare funds. If I put 100 million won into a retirement savings account, how should I diversify my investments?”

In response, CEO John Lee said, “If you have 100 million won and can live comfortably for about five years without it, then you should invest it.” He added, “However, if you’re in your late 60s, you’re close to 70, aren’t you? In that case, you need to reduce your allocation to stocks a bit.” CEO John Lee emphasized to Mr. A, “If it were me, I’d allocate 30% to 35% of the 100 million won to stock ETFs, 30% to bond ETFs, and the remainder to REITs that pay high dividends. It would also be a good idea to continue investing your spare funds consistently.”

Another investor, Mr. B, said, “I’m 43 years old. I had to quit my job due to health issues,” and asked for advice: “I want to start saving my 100 million won in spare funds starting now, but I haven’t done anything yet. How much should I invest, and where? I don’t even have a retirement savings account.”

CEO John Lee encouraged Mr. B, saying, “Since you’re 43, you still have time. Don’t give up under any circumstances.” He then added, “Similarly, if you can afford to be without that 100 million won for about five years, go ahead and invest; if not, don’t invest.”

He continued, “Open a retirement savings fund account first, and if you’ve never invested before, it’s best to start with about 50 million won,” emphasizing, “But isn’t the annual limit only 18 million won? You can spread out your investments by putting in 18 million won before the end of this year and another 18 million won next year.”

CEO John Lee recommended the S&P 500 and KOSPI 200 ETFs, responding, “I don’t think you’ll have any major problems if you invest in just those two. Since you’re young, you can withstand market volatility.”

Another investor asked, “I’m asking because I’m worried that if I keep investing, I’ll end up going to heaven without ever saving any money. I’m curious about how long the management team plans to keep investing and when you plan to use the funds.”

In response, CEO John Lee stated, “We mistakenly believe that we must spend money to be happy. We feel like we’re missing out if we don’t spend, or that we have to go out and have fun. But what’s more important than that is being free from the burden of money,” adding, “Once you’ve prepared sufficiently for retirement and are truly free from financial worries, you can spend as much as you want.”

He shared his thoughts, saying, “Many people think, ‘We only live once, so why not live moderately, spend some money, and then die?’ But that’s a very misguided lifestyle.” He continued, “First, achieve financial independence; then, if you have the means, you can spend. It’s wrong to think that if you invest beforehand, you’ll feel cheated when you die. You can live a joyful life while investing as much as you want.”