Investing: Lump Sum or Spread Out Over Time?

Disclaimer: I'm a novice in investment, so please forgive me if I'm wrong about anything.

To the best of my knowledge, the biggest reason for the last couple of years of yen depreciation has been the increasing interest rates around the world to tackle inflation, which was a result of stimulus packages given by governments, etc.

There have been indications that the US central bank might start cutting rates soon. If this happens, I think the yen might get a bit stronger, possibly around 130 ~ 140ish. I'm definitely not trying to time the market or anything, and I've learned my lesson not to touch FX trading lol.

I've been maxing out the tsumitate part of the NISA. I recently got some money (bonus, etc.) and currently have ~4M yen that I'm thinking of investing in the growth NISA. If I invested the full amount in one go, would that be a bad idea if the yen gets stronger? Should I also do the tsumitate route and spread the 4M over several months?

Any advice would be appreciated! Thanks

by wakaokami

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