Recently, my friend who lives in Japan asked my dad and I (both Americans who live in the US) for investing advice because he wants to start investing for the first time. If he were American/a US resident, I would be quick to recommend US index funds because they generally follow the market and are a safer option, especially for a beginner
With a quick Google search, I saw that someone said that Interactive Brokers Japan was the only place offering American index funds in Japan. Is this still true now? And would those be a viable option for a Japanese resident, or do you think it’s more trouble than it’s worth? (I know I personally only buy/sell foreign stocks in my Roth IRA because it’s too much trouble to have to sort out potential international taxes and such)
Do you think there is a better option for investments for him? I wanted to ask a Japan specific sub in case there’s things I’m not taking into account and to get advice from people more knowledgeable about the country
Thank you!
by Classic-Asparagus