Personal Finance for Residents of Japan
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Currency movements perhaps?JimNasium wrote: ↑Thu May 12, 2022 12:32 pm I was just looking up the current downturn in that market, and I saw that the S&P 500 over one year is in the red at -3.15%. But when I check the emaxs slim S&P fund, it’s actually up 15.94% over the same year period. What causes the difference? Does the emaxis fund not track the full S&P index, and instead pick and choose the companies it includes?
Emaxis S&P 500 is Yen denominated. The Price is measured in yen.JimNasium wrote: ↑Thu May 12, 2022 12:32 pm I was just looking up the current downturn in that market, and I saw that the S&P 500 over one year is in the red at -3.15%. But when I check the emaxs slim S&P fund, it’s actually up 15.94% over the same year period. What causes the difference? Does the emaxis fund not track the full S&P index, and instead pick and choose the companies it includes?
What has happened to Yen/USD -> https://www.xe.com/currencycharts/?from=JPY&to=USDYou buy in Yen. They take your Yen and exchanged it for USD and buy USD assets.
When you sell, they sell the USD assets and covert it to yen.
That would be very welcome indeedTkydon wrote: ↑Fri May 13, 2022 11:05 am I'll just go on the record as calling the Bottom for the Yen. It's already turned. It's only going to get stronger from here.
Don't see any sign of 150 Yen to the Dollar...
And so that I can't be accused of hindsight, I'll just go on the record as calling the Bottom for the US Market in August 2022. It's going to continue down from here...
Hopefully the US Bottom will combine with a much stronger Yen to provide us with a once in a decade buying opportunity low price on the Emaxis Slim All Country and Emaxis Slim S&P in August / September 2022...
I may push that out a bit further, but it's still in the future...
Well you heard it here folks, bottom is officially in!Tkydon wrote: ↑Fri May 13, 2022 11:05 am I'll just go on the record as calling the Bottom for the Yen. It's already turned. It's only going to get stronger from here.
Don't see any sign of 150 Yen to the Dollar...
And so that I can't be accused of hindsight, I'll just go on the record as calling the Bottom for the US Market in August 2022. It's going to continue down from here...
Hopefully the US Bottom will combine with a much stronger Yen to provide us with a once in a decade buying opportunity low price on the Emaxis Slim All Country and Emaxis Slim S&P in August / September 2022...
I may push that out a bit further, but it's still in the future...