Hi everyone, I have searched through old threads but still had some questions. I’m a canadian guy (39 years old) and I’ve been living here for 7 years. I’m paying the japanese pension, around 60,000¥ per month.
I’m a bit worried about the J economy and the demographic collapse to come. I feel like it would be a better option to cash out what I’ve paid and just dump everything in SPY. That would mean convert it in USD first so I wouldn’t do it now but when the exchange rates comes back to a healthier state in America… as in when the interest rate come back down and inflation get back under control.
What do you ppl think ? Is it a bad idea ?
(By the way, I’m also paying the canadian pension system – around 40,000¥ per month – and yes that’s weird to say the least ?! But I wouldn’t touch this one).
by ImportantLog8