Masakazu Sato, the foreign-exchange adviser at Gaitame, which runs seminars on currency trading techniques for individuals, including many housewives. (Bloomberg)
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On top of inflation, the sales tax increase is a double whammy and individuals can’t afford to simply leave their money in bank accounts. We’re seeing the number of applications for our seminars incre
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gaijinfo
One of my students, who is a single mom, has a high school education and a blue collar factory job, told me she recently traded some yen for dollars in hopes of staying ahead of the game.
Currency trading is a dangerous con, and the only people that make money are the brokers, and people that put on seminars on how to trade currencies.
This is NOT going to end well.
some14some
it will be a triple blow : inflation, tax hike and exchange loss !
FizzBit
gaijin...sounds to me like she's just taking precautions for hyperinflation. Not a bad idea. Or is she actually FX trading?
YaThink
I feel I could make a fortune in currency trading. But the brokers snap it all up in fees. What they charge is ridiculous. In fact, its outright thievery even if it is supposedly legal.
Stocks might be a good option if not for the fact that that is also a scam in Japan.
FizzBit
I agree. Lots of insiders. You can money on stocks here, I did. But you have to understand the way the system works. No long term holdings IMO. Buy cheap and sell high always works.
badsey3
http://www.gaitameonline.com/en/index.html
Mostly a toy for people interested in Forex and even for businesses that need to balance money liability. I don't really see many negatives other than the gains and losses are very small and the leverage is probably too small for this type of trading to really make much. =Good for housewives that have an interest in paper (fiat) money. Only do-able because there is no fee on trades.
Kabukilover
A safer idea. Get rid of Abe.
kurisupisu
The game is rigged in currency trading-look at the disclaimers of any trading platform.
Hard assets are the way to go!
The 1% put their money in art,gold,silver,cars,land,wine etc.
Even if you are not of the 1% it is possible to invest in bullion or proof coins,even an acre of land can produce a return
I have made x10 back on my hard investments in as little as three years-you can too
The poor watch as their expensive tvs and stereos become worthless and buy another of the same............