I’m 28 (turning 29 this year) and have been doing papa-katsu (compensated dating in Japan) for just under a year.
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After saving all the allowances I’ve received from my papas, I’m on track to have over ¥10 million in savings by next month.
I’d like to continue papa-katsu (compensated dating in Japan) while I’m still in demand, but is it okay to just leave this ¥10 million in the bank? I feel like this might be a good time to start investing, but I know so little that I haven’t been able to take the plunge. I’ve bought and read several books, but I still don’t really understand it…
Even when I ask my papas, they all have different opinions, so I don’t know what to believe.
I’d really appreciate everyone’s advice. Thank you.
👤Asked byGuest👩GenderFemale🎂20s👑Universe female member
There’s always someone doing better, but that’s still a pretty good pace.
You might consider putting part of it into stocks or forex. Just keep in mind that 90% of people lose money. Still, even a ¥1 million loss can teach you something.
By the way, I’ve multiplied my principal by 50 over the past three years. I’ve studied fairly hard, but I think the key is whether you can find a good mentor. Knowing when to cut your losses is also a talent, in my opinion. Conversely, putting the money you’ve made to good use takes talent too.
Something happened this year that really knocked me down, so I’m taking a break from investing for now. The Rugby World Cup is being held in France in September, so I’m thinking of wandering around for about a month and getting back into it toward the end of the year.
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Everyone has different opinions, so you don’t know what to believe, yet you want to hear from people who haven’t even met you in person.
Honestly, I don’t understand the point.
If you have ¥10 million, the easiest option—and one I’d recommend—is to invest in the IPOs Fuu mentioned or the shareholder-benefit stocks Seattle mentioned.
Just head to the magazine section of a bookstore, and you’ll find plenty of magazines on that subject.
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If you don’t want to reduce it, then maybe IPOs, or for long-term investing, a NISA or iDeCo savings plan.
I can teach you if you date me—I used to work in securities sales and have a Level 2 FP certification—but I can’t give away my knowledge for free.
Even if it’s just pocket money, it’s still my know-how, lol.
Be careful, though—if you do it wrong, you could lose money on both.
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I think it’s best to leave it as it is.
It may seem like a lot of money right now, but ¥10 million can disappear quickly once you make a major purchase—such as a car, a down payment on a home, tuition, or a watch. It’s better to keep it saved in case something happens.
As an emergency living fund, it would cover three to four years if you lived modestly. How about using it for that purpose?
When I had ¥10 million, I didn’t do anything in particular. I just thought, “Since ¥10 million is the deposit insurance limit, I’ll have to put anything above that in another bank.”
Also, to be blunt, if you read books but still barely understand investing, you’re highly likely to suffer a major loss or get scammed. In that case, leaving the money in the bank is the safest option.
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You should immediately put that money to work as if it didn’t exist.
Since you seem to be a beginner, why not invest in everything your papa recommends?
Nothing is guaranteed to hit every time, so if one or two of your investments turn out to be winners and your total returns exceed the amount you initially invested, I’d say the investment was successful.
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④That’s a perfectly reasonable question.
It’s fine even if you don’t invest it. When a recession hits, keeping it in a regular savings account is the right move.
If you do want to invest, I’d recommend stocks with shareholder perks you actually like. Don’t put all your money into them—keep it to around ¥2 million at most.
P.S.
Fuu, were you a former securities broker? I make my living from stocks, so I feel a sense of familiarity.
If you make an offer to any of the female respondents appearing in the questions posted by Representative Kida for immediate display, I’d like to invite you to the LINE group we’re connected through.
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I think I’d be around #4.
If it’s about ¥10 million, you’re better off just keeping it in savings. “Investing” may sound sophisticated, but in reality, it’s basically a coin toss. The only way to guarantee that you won’t lose money is not to invest it.
You never know what life has in store, so the best thing to do is keep it as a rainy-day fund and safety net for when you really need it.
P.S.
That said, inflation is probably going to get worse, so I’m not sure what to do about that. I converted all my foreign currency back into yen when the yen was weak last fall, but I have no idea what stocks to hold. Maybe I should put it into a gold ETF or something.
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But that’s only something worth worrying about when you’re talking in the hundreds of millions of yen. Whatever happens to ¥10 million is basically within the margin of error.
I’ve never invested less than ¥100 million, nor have I ever needed to. Anything below that is just a game, like poker.
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You again. Definitely #2.
Asking here will only make it even harder to know what to believe, so I think you’d be better off doing your own research. And honestly, whether you should use it or not isn’t something you should be asking other people about.
P.S. I initially thought it was #3, but since it’s the usual person, I’m going with #2.
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