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All Index Funds Sufficient (article in Japanese)
Posted: Thu Sep 21, 2023 3:42 pm
by beanhead
Decent article.
https://toyokeizai.net/articles/-/686918
The writer mentioned that financial planners don't like index funds because of the low fees.
Also says that they are ridiculed as only for beginners.
In general a sensible article. In Japanese, so use google or Chat GPT or some other newfangled technology if you need help translating.
(I like Rikai.com for those who know Japanese but aren't so hot with the kanji)
Re: All Index Funds Sufficient (article in Japanese)
Posted: Thu Sep 21, 2023 4:16 pm
by Tkydon
Yeah, if you worked in sales and were paid on commission, you wouldn't recommend stuff that doesn't pay for your time either, and you'd say anything to get the commission -)
Re: All Index Funds Sufficient (article in Japanese)
Posted: Thu Sep 21, 2023 4:57 pm
by adamu
A bit of the monevator active investing is a zero sum game article
https://monevator.com/is-active-investi ... -sum-game/
Mixed with an explanation of the new nisa
https://retirewiki.jp/wiki/NISA
Mixed with the advice to use an online broker (no good wiki page for this one)
Mixed with the advice to simply buy a global index fund
https://retirewiki.jp/wiki/Japanese_global_index_funds
Re: All Index Funds Sufficient (article in Japanese)
Posted: Fri Sep 22, 2023 3:16 am
by beanhead
Oh yeah, nothing revolutionary. Just simple and sensible. Much of the Japanese FIRE literature seems to be about surviving on cup ramen for years, or about dividend stocks or real estate as the only way to build wealth.
I liked the fact that this writer just says buy one fund and ignore the rest of the noise.
Re: All Index Funds Sufficient (article in Japanese)
Posted: Mon Sep 25, 2023 1:32 pm
by zeroshiki
Don't forget about all the recommendations of doing side jobs like buying and selling on mercari or being a youtuber (from a FIRE youtuber too!)
Re: All Index Funds Sufficient (article in Japanese)
Posted: Mon Sep 25, 2023 11:55 pm
by RetireJapan
zeroshiki wrote: ↑Mon Sep 25, 2023 1:32 pm
Don't forget about all the recommendations of doing side jobs like buying and selling on mercari or being a youtuber (from a FIRE youtuber too!)
I can confirm that being a YouTuber in Japan is not always lucrative
The RJ channel now makes about 5,000 yen a month, far below the running costs...
Re: All Index Funds Sufficient (article in Japanese)
Posted: Sat Nov 09, 2024 9:10 am
by beanhead
I had an interesting chat with a banker last night, from a European bank which offers investment products.
I asked him if they just deal with high net worth individuals, since they don't have NISA etc so aren't really competing against the low-fee brokers.
He explained that no, they target regular investors as well.
He then proceeded to tell me that NISA and iDeCO are for beginners, not 'real investors'. My response was that they are, instead, for people who do not like to pay tax. I asked him if he invested in either scheme, and he dodged the question.
He then proceeded to try and explain how their active management was better than passive index funds. And that his clients, if using funds from the 'right' fund manager, were always able to beat the market.
Leveraged CFD blahblahblah lots of other babbling.
I hope he doesn't follow his own advice
Re: All Index Funds Sufficient (article in Japanese)
Posted: Sat Nov 09, 2024 10:05 am
by RetireJapan
beanhead wrote: ↑Sat Nov 09, 2024 9:10 am
I had an interesting chat with a banker last night, from a European bank which offers investment products.
I asked him if they just deal with high net worth individuals, since they don't have NISA etc so aren't really competing against the low-fee brokers.
He explained that no, they target regular investors as well.
He then proceeded to tell me that NISA and iDeCO are for beginners, not 'real investors'. My response was that they are, instead, for people who do not like to pay tax. I asked him if he invested in either scheme, and he dodged the question.
He then proceeded to try and explain how their active management was better than passive index funds. And that his clients, if using funds from the 'right' fund manager, were always able to beat the market.
Leveraged CFD blahblahblah lots of other babbling.
I hope he doesn't follow his own advice
Classic
