High Volatility Market, Which ETFs to Hold?

Domestic nuclear power related companies, such as Doosan Enerbility, act as foundries responsible for manufacturing. They provide products based on orders received. In contrast, US companies are the primary entities that directly bear the licensing risks and higher costs to advance their projects. Due to these structural differences, the potential for stock price rebound in domestic companies may be greater from a short-term perspective.

Pure-play ETFs like SMRs (Small Modular Reactors) are highly volatile and risky, similar to global nuclear and US nuclear-related ETFs. These products clearly state their high risk, as seen in names like 'Pure Nuclear SMR Focus'. On the other hand, ETFs related to power equipment, power infrastructure, and utilities tend to be relatively stable. It was noted that investors must choose appropriate ETF products according to their risk tolerance.

A strategy of holding index ETFs as the core of every portfolio and operating other sector ETFs as satellites is effective. Especially in periods like the present, with high market volatility and AI-related stocks fluctuating, it's crucial to approach with phased buying. For actively pursuing profits, domestic nuclear power or power equipment related ETFs are advisable, while for a long-term perspective, overseas ETFs are recommended.

It was recommended to trade domestic nuclear power or power equipment ETFs in a general account. This is because these domestic ETFs are eligible for tax exemption on capital gains. It was pointed out that putting them into a retirement pension account to aim for short-term profits is a strategic mistake. In contrast, overseas ETFs, such as US power infrastructure, can receive tax benefits when utilizing a pension account, making them advantageous from a long-term perspective.

It was analyzed that approaching companies within themes that follow industrial cycles, such as power and construction, through ETFs is efficient. The target investor groups differ between an ultra-aggressive trading strategy for individual stocks and portfolio management through ETFs. Individual stock investment requires detailed analysis, but ETFs offer an advantageous approach from a portfolio management perspective across specific themes or sectors.

This strategy involves adding these sector-specific ETFs assuming an index ETF as a baseline. For software investment, using Big Tech Top 10 ETFs was recommended. Considering the characteristic rotational trading between hardware and software, a balanced strategy including both in the portfolio is necessary.

While shipbuilding carries a policy theme, AI is categorized as a technology theme, distinguishing their natures. Investors were advised to accumulate undervalued stocks based on earnings and employ a selling strategy when stock prices surge.

It was noted that doing nothing might be best during a period where unnecessary trading could exacerbate losses or make it difficult to determine direction. A strategy focused on blue-chip ETFs with high cash reserves and solid earnings is needed. However, it was assessed that with the US economy not being poor, it's not the time to significantly reduce overall stock exposure.

Covered call ETFs are not inherently designed to target high returns. Their purpose is different, so it's normal for their returns to be lower than the underlying index. Therefore, covered call ETFs that consistently incur principal losses need to be reevaluated. It was emphasized that investors should choose products with high total converted returns from a long-term perspective, such as dividend growth stocks.