Search found 7 matches
- Sun Dec 19, 2021 12:39 pm
- Forum: Banking
- Topic: Wiring money from Japan - some thoughts
- Replies: 7
- Views: 782
Re: Wiring money from Japan - some thoughts
Thought about that. Looks like there would have been a slight currency impact, around 3,800 yen. In this case, still doesn't affect the overall calculus concerning Platinum status maintenance. However, if one had more money to transfer regularly, needed to do so faster, and occasionally speculated i...
- Sat Dec 18, 2021 1:12 pm
- Forum: Banking
- Topic: Wiring money from Japan - some thoughts
- Replies: 7
- Views: 782
Re: Wiring money from Japan - some thoughts
I'd think a single wire transfer for that amount from most any bank would be cheaper than ~10 transactions via Wise. Of course, I assumed as much as well for many years. And as I said, I did 5M in one transfer from Shinsei and 5M in 5 transfers via Revolut to compare the amounts received. As I wrot...
- Sat Dec 18, 2021 7:24 am
- Forum: Banking
- Topic: Wiring money from Japan - some thoughts
- Replies: 7
- Views: 782
Re: Wiring money from Japan - some thoughts
You 'only' needed 300,000 yen in a foreign currency to keep Shinsei Gold As I don't have Gold, I couldn't check what the costs for the wire transfer would be. However, some Redditors suggest it is not really competitive with Wise/Revolut. Only Platinum would be. https://www.reddit.com/r/JapanFinanc...
- Sat Dec 18, 2021 6:44 am
- Forum: Banking
- Topic: Wiring money from Japan - some thoughts
- Replies: 7
- Views: 782
Wiring money from Japan - some thoughts
Our family recently reorganized our finances in Japan and we decided to move a chunk of our investments to the US. This necessitated a transfer of more than 10M yen to USD to a Schwab brokerage account. I used the opportunity to compare some of the costs, and came to a perhaps surprising conclusion....
- Thu Sep 23, 2021 12:03 am
- Forum: RetireJapan for Dummies
- Topic: Short-term setup with a financial adviser?
- Replies: 5
- Views: 1038
Re: Short-term setup with a financial adviser?
I appreciate the advice and, like I said, would prefer the long-term to avoid AUM-based fees. Perhaps my tougher tone arose because I understand the overall tone in this forum is critical of AUM so I wanted to challenge that by asking under what conditions / in what context would an AUM / full servi...
- Tue Sep 21, 2021 7:14 pm
- Forum: RetireJapan for Dummies
- Topic: Short-term setup with a financial adviser?
- Replies: 5
- Views: 1038
Re: Short-term setup with a financial adviser?
Just as a test, I looked up the possibly relevant advisers at XY Planning and I have to say -- the pickings are slim, with only 1 or possibly 2 candidates who have any knowledge about Japan. Furthermore, if I just look at it purely from a cost perspective, it doesn't seem very promising. For example...
- Tue Sep 21, 2021 2:43 pm
- Forum: RetireJapan for Dummies
- Topic: Short-term setup with a financial adviser?
- Replies: 5
- Views: 1038
Short-term setup with a financial adviser?
I understand the general consensus of this forum is that one should take financial management into one's own hands, and I'm generally a proponent this approach. And with the advice I've gained from reading these forums as an outsider for years, I'm in good shape regarding many of the topics that are...