Search found 86 matches

by cocacola
Tue May 14, 2024 2:40 am
Forum: Stock market investing
Topic: Need advice: take profits?
Replies: 6
Views: 161

Re: Need advice: take profits?

Well, gosh darn it... I will look into creating accounts at Monex for my kids. It will beat having to keep track of things on a spreadsheet. Thanks for the advice on this. Through the MUFG online banking portal, there are a couple of options to invest, but they don't allow anyone under 18 to partake...
by cocacola
Tue May 14, 2024 12:45 am
Forum: Stock market investing
Topic: Need advice: take profits?
Replies: 6
Views: 161

Re: Need advice: take profits?

:?: I invest in the eMaxis Slim All-Country fund in both of my children's regular accounts now that the JNISA is no more... No issues at all. What bank/institution are your kids' regular accounts with? We made bank accounts for the kids specifically at MUFG in order to purchase the eMSAC easily, bu...
by cocacola
Mon May 13, 2024 7:40 am
Forum: Stock market investing
Topic: Need advice: take profits?
Replies: 6
Views: 161

Need advice: take profits?

Hello, I have a bit of a complicated situation (in my mind, at least) and would appreciate any advice. I received an inheritance a while ago and have done all of the usual max'ing-out of NISA (so far), as well as max-out my kids' Junior NISAs. I have put the rest of the inheritance mostly into the e...
by cocacola
Tue Apr 30, 2024 1:29 pm
Forum: Taxes
Topic: Family loan (USD) repayment. Taxes?
Replies: 5
Views: 193

Re: Family loan (USD) repayment. Taxes?

I would not try to split up the transactions into multiple chunks. This could raise all kinds of red flags for money laundering etc. Transferring the money to your Canadian bank account first is a good idea though. Then you can bring it to Japan and if asked simply explain the truth, it is a transf...
by cocacola
Tue Apr 30, 2024 11:08 am
Forum: Taxes
Topic: Family loan (USD) repayment. Taxes?
Replies: 5
Views: 193

Re: Family loan (USD) repayment. Taxes?

Good points and advice from both @beanhead and @captainspoke. Yes, there was no agreement/contract... kind of wish I had made one... will do next time. Since the transfer was done from my Canadian bank account to their US bank account, could I avoid complications by having them transfer the funds ba...
by cocacola
Tue Apr 30, 2024 2:09 am
Forum: Taxes
Topic: Family loan (USD) repayment. Taxes?
Replies: 5
Views: 193

Family loan (USD) repayment. Taxes?

Hello, I had loaned a family-member a sum of money about 5-years ago and they are preparing to return the sum back to me. I am wondering if there may be tax implications on this. I will describe the situation below. About 5-years ago, I loaned $10,000 USD to a family member. This was converted from ...
by cocacola
Mon Apr 15, 2024 8:13 am
Forum: New NISA (2024~)
Topic: Is monthly purchase mandatory in tsumitate part of NISA?
Replies: 13
Views: 645

Re: Is monthly purchase mandatory in tsumitate part of NISA?

Japanese get two bonuses a year, but you can add a bonus contribution any time you like, subject to the following limit... What's the source for the Japanese/non-Japanese difference? I don't believe NISA cares about nationality. I think Tkydon meant that, in Japan, salaried workers (usually) get 2 ...
by cocacola
Mon Apr 15, 2024 8:10 am
Forum: General
Topic: Not Japanese, no entry
Replies: 14
Views: 952

Re: Not Japanese, no entry

RetireJapan wrote: Mon Apr 15, 2024 6:39 am Sounds like a group of workers from that description (Chinese or otherwise).
Hmm, could be. Maybe I am just turning into a suspicious-of-everything oyaji.
by cocacola
Mon Apr 15, 2024 6:00 am
Forum: Small Business/Self-employment
Topic: Bank recommendations for small business (GK)
Replies: 21
Views: 1473

Re: Bank recommendations for small business (GK)

KyushuWoozy wrote: Mon Apr 15, 2024 3:44 am We are a GK with Rakuten and there are no monthly fees
Ah, great, saves me giving them a call with the wife!

Thank you so much for the reply.
by cocacola
Mon Apr 15, 2024 3:24 am
Forum: Small Business/Self-employment
Topic: Bank recommendations for small business (GK)
Replies: 21
Views: 1473

Re: Bank recommendations for small business (GK)

Yossarian wrote: Mon Apr 15, 2024 12:39 am I set up a Rakuten business account. It's free. But I'm a freelancer so not sure if it'd be the same for a GK.
Ah, okay, I will do more poking around and see if the rules are different for a GK.

Thanks very much!