I notice the price dropped a lot. I’ve held back on the ¥1m I have to invest. I was planning on Emaxis sp500. Part of the reason I was holding back was I was so disappointed because I was ready to invest in January, but a bunch of glitches with Rakuten online delayed it for months. During which time the stock price jacked up. Iiuc, now it seems to be about back to the January levels. So it seems like nice timing to buy it now (i’d be satisfied if I can buy it near the initial offering price back in January).
Perhaps another way to ask the question: would it have been better to buy this fund last week, or today? Exactly how much extra am I getting by doing so (indeed, is this the best price now since the new Nisa was offered in January)? For arguments sake, let’s say I’m getting an extra 10% initial investment by buying this dip today. What difference would this extra percentage (10%?) make if this fund is cashed out say in 10 years?
To be clear, I’m not asking whether “timing the market is better than time in the market” or other such generalities. This is a specific question for people in my situation, and will help to understand more of how this specific form of investing works.
As a side, I do plan on holding the bulk of my NISA as long as I can, which will hopefully be at least 10 years.
by eggplantwas