You need to avoid the big losses especially when you’re in retirement. Those invested in Japan are taking a beating. Never mind all those “smart guys” on margin.
Tokyo stocks booked their fourth major fall in the last eight sessions Monday on the back of weakness in the dollar, with domestic retail investors among those leading the selling, pushing the benchmark Nikkei Stock Average to a six-week low.
The Nikkei dropped 3.7% to 13261.82. Since the selloff began May 23, the index has lost more than 17%, a reversal of gains of more than 80% that the market has seen since Prime Minister Shinzo Abe began his campaign to revive the nation’s economy.
“Retail investors—particularly those on margin—closed out positions as a result of both the recent sharp market falls and the overall uncertain investing environment,” said Okasan Securities strategist Hideyuki Ishiguro.