Hello, I’d like to get your opinion.I’m currently living and working in Japan (outside Tokyo) with a standard weekday office job from 9 to 6. This is my second year working, and I’ve started thinking about investing here. The main option I’ve heard of so far is NISA.
At the moment, I don’t have a lot of cash on hand. I have about ¥150,000 in savings that I haven’t touched, and I usually manage to save around ¥30,000 per month (sometimes less). My question is: should I wait until I’ve built up 3–6 months’ worth of emergency savings before I start investing?
My initial plan was to start tsumitate NISA and invest less than ¥20,000 per month in stocks or bonds. But honestly, I’m a complete beginner. I don’t really know what to buy, or when to buy or sell. I prefer the idea of investing long term without touching it so I can sleep peacefully, rather than constantly checking the stock market.
If I were to invest for just a year, would it actually grow much? How does that work? Most of the information I’ve found about NISA only explains the tax benefits and the ¥1.2 million annual limit, but not much about what to actually invest in, or the differences between bonds, stocks, domestic vs. overseas funds, etc.
Also, I opened my NISA account through MUFG. Should I consider switching to SBI or another provider?
Any advice would be very much appreciated. Thank you in advance!
by Dense-Alps-601