RetireJapan

Hi
I am presently using 60/40 Stock and Bond fund in my NISA as follows:

Stock
三菱ＵＦＪ国際－ｅＭＡＸＩＳ　Ｓｌｉｍ　全世界株式（オール・カントリー）
三菱ＵＦＪ国際－ｅＭＡＸＩＳ　Ｓｌｉｍ　先進国株式インデックス
Bond
ニッセイ－＜購入・換金手数料なし＞ニッセイ外国債券インデックスファンド

I would like to add an additional Bond fund, not that I have any problems with the above Bond fund, just want to diversify across multiple funds in case for some reason one fund fails. I guess an International Bond fund would be best not be dependent on one country, does anyone have any recommendations?
Thanks

ｅＭＡＸＩＳ Ｓｌｉｍ 先進国債券インデックス ?
Probably similar to your Nissay fund though.

From I've read, evergrande bonds are pretty steeply discounted...

(please do NOT buy evergrande bonds!)

beanhead wrote: ↑Sun Sep 19, 2021 11:42 pm ｅＭＡＸＩＳ Ｓｌｉｍ 先進国債券インデックス ?
Probably similar to your Nissay fund though.

Thanks! Beanhead for this

captainspoke wrote: ↑Mon Sep 20, 2021 5:13 am From I've read, evergrande bonds are pretty steeply discounted...

(please do NOT buy evergrande bonds!)

Noted Captainspoke on evergrande

Have to wonder though considering countries such as US, UK, Japan have massive debts and are basically bankrupt will government bonds ends looking like evergrande at some stage...

concerned wrote: ↑Mon Sep 20, 2021 6:25 am Have to wonder though considering countries such as US, UK, Japan have massive debts and are basically bankrupt will government bonds ends looking like evergrande at some stage...

For Japan at least, almost all of the government bonds are held domestically, so there is much less cause for concern.
Japanese public have assets far exceeding all government debt.
Seems manageable for now.

RetireJapan wrote: ↑Mon Sep 20, 2021 6:36 am
For Japan at least, almost all of the government bonds are held domestically, so there is much less cause for concern.
Japanese public have assets far exceeding all government debt.
Seems manageable for now.

Thanks! RetireJapan, good to know

RetireJapan wrote: ↑Mon Sep 20, 2021 6:36 am

concerned wrote: ↑Mon Sep 20, 2021 6:25 am Have to wonder though considering countries such as US, UK, Japan have massive debts and are basically bankrupt will government bonds ends looking like evergrande at some stage...

For Japan at least, almost all of the government bonds are held domestically, so there is much less cause for concern.
Japanese public have assets far exceeding all government debt.
Seems manageable for now.

What does manageable mean? 250%+ debt to gdp. I understand that the locals buy the debt but I don’t understand how this is manageable. I’ve read Keltons book on MMT and I understand it until she tries to explain the international implications and then I’m lost.

I’m concerned. I think printing money to cause inflation to eliminate debt is silly. Population is declining, wages here are unrealistically low and I’m not sure how the public have assets exceeding gov’t debt. Who’s assigning prices to those assets? The same people that are saying a 1LDK in my building in Shinagawa goes for $700K? It’s a bit of a Ponzi scheme. And maybe that’s the system.
I am concerned and most of our assets are out of Japan. I also have concerns about the opacity of financial reporting here. However, I do suffer from any ability to read Japanese which is sort of the pot calling the kettle black.

I don’t believe you!
You can’t read what I’m writing!

I suppose the question the OP posed is itself a tip-off to his/her risk-aversion levels, but [UNSOLICITED ADVICE WARNING] 40% bonds as an asset allocation in this day and age can/will severely handicap your portfolio. Unless your investment horizon is short term, bonds literally offer nothing over equities, and in fact equities have been shown to provide more volatility protection than bonds over the long term (source: one of Canada's leading fee-only FPs: https://edrempel.com/high-risk-of-bonds/).

mighty58 wrote: ↑Wed Oct 20, 2021 11:40 am I suppose the question the OP posed is itself a tip-off to his/her risk-aversion levels, but [UNSOLICITED ADVICE WARNING] 40% bonds as an asset allocation in this day and age can/will severely handicap your portfolio.

I’m of the same thinking and have trimmed my bonds to a very small % and those are in TIP.