“Reason for the action” column currently published on TOYO KEIZAI ONLINE

Good morning, this is Matsushita.

Yesterday's NY Dow fell slightly,

it appears to be hovering around a high level.

The Shanghai Composite Index fell back.

USD/JPY continued to fall, in the low 113s.

NY Gold was little higher.

Investment actions require a reason.

Because investment is an act that can cause money to

decrease.

An act that could cause money to decrease without a reason

is not possible to undertake.

The actions you take from now on are

you think will lead to profit,

there is a reason for that,

you are willing to expose yourself to the risk

that money may decrease.

When written like this,

you may think,

“Hmm, that’s right,”

yet, a surprisingly large number of people

buy and sell without a clear reason.

“Without a reason” may come off as a bit rude.

When all investors buy or sell,

they think, “I want to make money, it might go up,”

and trade accordingly.

But this is not a reason; it is a wish.

Without a wish, profits do not rise.

If you do not have a clear reason,

investment actions are inherently scary and not something you would do.

Today I will be unusually brief,

and end here.

In your investment actions, is there always a reason that profits will rise?

Please consider it.

If there isn’t, it’s a little scary, isn’t it.