Automatic monthly investments through Rakuten

[beanhead]

I know that tsumitate with Rakuten can be either for NISA or just regular investment in a tokutei account.
I also understand that the maximum points available are based on spending 50,000 per month.

My question: is it possible to do 2 x tsumitate with the Rakuten card? So the tsumitate NISA and also to a tokutei account?
I am not sure if the 50,000 yen per month limit is for receiving points, or it is the max allowed from Rakuten card to Rakuten Securities. Anyone know?

[EmaxisSlim Cultist]

I know that tsumitate with Rakuten can be either for NISA or just regular investment in a tokutei account.
I also understand that the maximum points available are based on spending 50,000 per month.

My question: is it possible to do 2 x tsumitate with the Rakuten card? So the tsumitate NISA and also to a tokutei account?
I am not sure if the 50,000 yen per month limit is for receiving points, or it is the max allowed from Rakuten card to Rakuten Securities. Anyone know?

50,000 is the monthly amount limit, not just the point limit.

The best thing to do would be to open a Monex/SBI account and get a Sumitomo/Monex credit card and set up another Tsumitate (non-nisa) with them.

[zeroshiki]

I know that tsumitate with Rakuten can be either for NISA or just regular investment in a tokutei account.
I also understand that the maximum points available are based on spending 50,000 per month.

My question: is it possible to do 2 x tsumitate with the Rakuten card? So the tsumitate NISA and also to a tokutei account?
I am not sure if the 50,000 yen per month limit is for receiving points, or it is the max allowed from Rakuten card to Rakuten Securities. Anyone know?

The 50,000 is the maximum you can use your credit card to buy tsumitate funds for regardless whether its NISA or tokutei or a combination. In fact, with T-NISA you can only buy 33,333 a month so you'd have to buy in tokutei for 16,667 to get the max value of card/points.

[beanhead]

Thanks zeroshiki, EMS Cultist,
I thought so.

Mrs Head has a Rakuten card too, so I guess we could just start a tsumitate in her name as well to make sure we have the regular, automatic investments going in.

[RetireJapan]

As a reformed air miles/hotel points addict, I would just gently point out here to be careful that you are not making decisions based on earning points, instead of making decisions and then maybe picking up some extra points if convenient.

After all, the points exist to manipulate your behaviour

[beanhead]

As a reformed air miles/hotel points addict, I would just gently point out here to be careful that you are not making decisions based on earning points, instead of making decisions and then maybe picking up some extra points if convenient.

After all, the points exist to manipulate your behaviour

Yes, understood. Thanks.
I think regular automatic investing is a great idea. If I can do it and get a few posts as well, that's a bonus.
I can't be bothered to open 3 brokerage accounts with 3 companies (and get new credit cards) just for the points. That is too much effort!

[EmaxisSlim Cultist]

As a reformed air miles/hotel points addict, I would just gently point out here to be careful that you are not making decisions based on earning points, instead of making decisions and then maybe picking up some extra points if convenient.

After all, the points exist to manipulate your behaviour

Yes, understood. Thanks.
I think regular automatic investing is a great idea. If I can do it and get a few posts as well, that's a bonus.
I can't be bothered to open 3 brokerage accounts with 3 companies (and get new credit cards) just for the points. That is too much effort!

Consider getting another account eventually.

Only 1000万 is ensured in a securities account, (the same goes for Japanese bank accounts).

So if you have your iDeco/Nisa and taxable in one account this amount can be exceeded by most investors within a decade or so. (Hopefully!).

[adamu]

Only 1000万 is ensured in a securities account, (the same goes for Japanese bank accounts).

Worth mentioning that customer assets are legally required to be managed separately to broker assets. So if a broker declares bankruptcy, customer assets are theoretically protected (although it doesn't mean you will be able to trade or get your investments back in a timely manner). The 1000万 is to cover cases where there separate management of assets was not carried out as required by the law.

Good English overview here: https://jipf.or.jp/en/introduction/index.html

The FAQ is helpful too: https://jipf.or.jp/en/qa/index.html

[beanhead]

Only 1000万 is ensured in a securities account, (the same goes for Japanese bank accounts).

Worth mentioning that customer assets are legally required to be managed separately to broker assets. So if a broker declares bankruptcy, customer assets are theoretically protected (although it doesn't mean you will be able to trade or get your investments back in a timely manner). The 1000万 is to cover cases where there separate management of assets was not carried out as required by the law.

Good English overview here: https://jipf.or.jp/en/introduction/index.html

The FAQ is helpful too: https://jipf.or.jp/en/qa/index.html

So, who is concerned enough about this that they have either divided assets into 2 or more brokers, or are planning to do so?

[RetireJapan]

So, who is concerned enough about this that they have either divided assets into 2 or more brokers, or are planning to do so?

I don't think it is remotely likely that one of the big brokers will have problems. I think there is a better chance of my account getting hacked somehow. Like adamu says, I think the most likely problem is not having timely access to your assets, and not losing them altogether.

I have Monex and Rakuten accounts, and my wife has SBI and Rakuten. The main reason for this is so that I could get access to the websites in order to help clients

But it is not a huge problem to have multiple accounts, especially if you are just buying and holding as we are. Our Rakuten accounts both have over 1000万 though, while Monex and SBI have much less, so I guess I am not that concerned.

I also have some investments outside Japan (this is my paranoid side showing, just in case we need to leave in a hurry for some reason)