■ Wealth management for those with net assets over 3 billion I have some acquaintances who manage their asset portfolios like this, so I’d like to introduce them. " After making one property (which I consider a solid investment) my primary residence without any loans, I utilized my existing available funds of 300 million won + a mortgage of 200 million won to purchase 500 million won worth of U.S. stocks. (Mostly index ETFs and large-cap stocks) Conceptually, I think of Seoul apartments as emerging market assets (in won) and U.S. stocks as dollar assets. The idea is to convert dollar assets into won when an economic crisis hits, using that money to invest in quality domestic stocks or to switch to housing. I’ve managed this for just over a year and have seen an increase of about 60 to 70 million won. (That’s capital gains) The plan is to invest all available funds in U.S. stocks every month, continuing to invest about 100 million won each year. Currently, Seoul apartments are around 2.7 to 2.8 billion won, so I think I need to build up to 1 billion won in dollar assets in the long term." In the end, it’s a combination of dollar assets (like U.S. stocks) + won assets (a solid property), and after making the won asset debt-free, I can continue to increase the proportion of dollar assets. Of course, for this to be possible, I need to set up a decent apartment by the time I’m at least fifty.