Why Japan’s Top Fund Manager Says Older People Shouldn't Invest in Japan

or hold any stocks for that matter...

Please note: This article is for informational purposes only and is not intended as investment advice. The mention of specific stocks is not a recommendation to buy or sell any securities.

My parents are both getting close to their 70s, and thanks to me, they have a lot of Japanese equities. Now I am questioning if I should ask them to sell everything…

I recently read a deeply fascinating interview in Diamond.jp featuring Tatsuro Kiyohara, a man often described as Japan’s legendary salaryman investor. Over a 25-year career, he turned a single fund into 93 times its original value, amassing a personal fortune of over 90 billion yen in the process. He is a master of bottom-fishing and finding deep value where others see nothing.

However, his core message in the Diamond.jp piece is surprisingly doompilled: If you are over 70 years old, you have absolutely no reason to hold Japanese stocks right now.

Kiyohara summed up his view of the current Japanese stock market with one phrase: “A star shines brightest before it burns out.”