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So the interest rates in Japan are really low, so I'm not really interested in opening up a "high interest rate" account because the interest rates aren't high enough.
I should have invested in a Vanguard account before leaving the US but I didn't.
I'm wondering if I open up a NISA account...would it be best to invest in Japanese stock specifically since it will be labelled yen to avoid losing money on exchange rate fluctuations?
I see that they offer a 5 year and a 20 year plan, which my Japanese friend helped explain to me a little. I'm still going to do more research on this.
If anyone on here has invested in NISA or stock here in Japan, do you invest in Japanese companies in yen or do you take chances investing in overseas companies in the US, England, Switzerland, Germany, etc regardless of the exchange rates?
I realize that this is a lot riskier than just investing in a low interest rate bank account, which will definitely increase in money but the amount I could make in stock is just so much higher.
I'm planning on investing in big companies that are well-established, since they are less likely to suddenly go out of business or suffer huge losses...then again I know these things happen to even the biggest companies.
Here is a link to a page about NISA for anyone interested: http://www.jsda.or.jp/en/activities/research-studies/html/NISA.html
Anyway, I would appreciate any help if anyone on here has experience with investing here in Japan.
I should have invested in a Vanguard account before leaving the US but I didn't.
I'm wondering if I open up a NISA account...would it be best to invest in Japanese stock specifically since it will be labelled yen to avoid losing money on exchange rate fluctuations?
I see that they offer a 5 year and a 20 year plan, which my Japanese friend helped explain to me a little. I'm still going to do more research on this.
If anyone on here has invested in NISA or stock here in Japan, do you invest in Japanese companies in yen or do you take chances investing in overseas companies in the US, England, Switzerland, Germany, etc regardless of the exchange rates?
I realize that this is a lot riskier than just investing in a low interest rate bank account, which will definitely increase in money but the amount I could make in stock is just so much higher.
I'm planning on investing in big companies that are well-established, since they are less likely to suddenly go out of business or suffer huge losses...then again I know these things happen to even the biggest companies.
Here is a link to a page about NISA for anyone interested: http://www.jsda.or.jp/en/activities/research-studies/html/NISA.html
Anyway, I would appreciate any help if anyone on here has experience with investing here in Japan.