Ben gets the last word!

[captainspoke]

Retiring in Japan? Be prepared to foot your own bills

I think this is the japantimes article someone was soliciting people for a while back--I'd kind of forgotten about it since it has taken quite a while.

Banner is of course there with "Seniors should have an independent adviser (like us!)... look into their circumstances." And then being up front with the apparent universal need for "... income-generating investments, such as carefully selected shares which give regular dividends and funds — a good financial adviser can explore these options." Yeah, so you need hire and pay banner (a good advisor?) to 'help' you do that.

But Ben gets the last, best word on it.

[RetireJapan]

Banner is of course there with "Seniors should have an independent adviser (like us!)... look into their circumstances." And then being up front with the apparent universal need for "... income-generating investments, such as carefully selected shares which give regular dividends and funds — a good financial adviser can explore these options." Yeah, so you need hire and pay banner (a good advisor?) to 'help' you do that.

But Ben gets the last, best word on it.

Thanks CS

It's funny, because I have seen a number of those 'carefully selected portfolios' put together by Banner for their customers, and they were shocking.

Not that Japanese banks are any better, unfortunately.

Caveat investor!

[Tsumitate Wrestler]

Banner is of course there with "Seniors should have an independent adviser (like us!)... look into their circumstances." And then being up front with the apparent universal need for "... income-generating investments, such as carefully selected shares which give regular dividends and funds — a good financial adviser can explore these options." Yeah, so you need hire and pay banner (a good advisor?) to 'help' you do that.

But Ben gets the last, best word on it.

Thanks CS

It's funny, because I have seen a number of those 'carefully selected portfolios' put together by Banner for their customers, and they were shocking.

Not that Japanese banks are any better, unfortunately.

Caveat investor!

How bad is it?

High fee, front-loaded funds?

"Ebisu Fund"

ETFs chosen at near random based on their fee distrubution?

[RetireJapan]

How bad is it?

High fee, front-loaded funds?

"Ebisu Fund"

ETFs chosen at near random based on their fee distrubution?

All that, but also stuff seemingly chosen at random because it was hot at the time (years or decades ago). I generally recommend people schedule a talk with their 'advisor' and give them some basic questions to ask:

1) why do I own this?
2) what's the performance compared to a global index while I have held it?
3) can I move my money to a lower fee product?

I don't think the advisors like me very much

[Tsumitate Wrestler]

How bad is it?

High fee, front-loaded funds?

"Ebisu Fund"

ETFs chosen at near random based on their fee distrubution?

All that, but also stuff seemingly chosen at random because it was hot at the time (years or decades ago). I generally recommend people schedule a talk with their 'advisor' and give them some basic questions to ask:

1) why do I own this?
2) what's the performance compared to a global index while I have held it?
3) can I move my money to a lower fee product?

I don't think the advisors like me very much

Selling funds based on past performance is such an easy trick for these weasels. Recency bias is responsible for so much pain.

They will probably be shoveling Nivida and post-IP Niantic into customers' portfolios at the peak of the bubble.