After many years in Japan, I finally found myself in a position to start investing in NISA. My wife and I have just about finished raising our 3 kids, and we were never able to save much while they were growing up. Now I am 50 and we have a 10-15 year window to try and grow a retirement nest egg. I am in the English education industry and wasn't part of the pension system until our company was forced to join a few years ago. It's safe to say I am in a bit of panic mode…
So this year we made a plan to start NISA. A few weeks ago I checked in on it and it was doing pretty well. 7% seemed like an OK return. However, I checked again today and I am down to 3 percent.
My S&P500 and All Country have both taken big hits in the past few days, and it has me worried.
With so little savings I am really risk averse and not sure what to do. Any suggestions from any of you that are more experiences in all this?
Thank you for your time.
by GingaNingaJP