Simple Q&A - NISA

[beanhead]

Maybe dumb question but can I keep NISA after I move overseas??

Sadly no.

[tim]

I currently have Tsumitate NISA and I have a question.

Tsumitate NISA is 20 years right? And after 20 years can I choose General NISA?
Or you can only choose one?

There is this option in Rakuten that I can change to Tsumitate or General NISA

[goran]

I currently have Tsumitate NISA and I have a question.

Tsumitate NISA is 20 years right? And after 20 years can I choose General NISA?
Or you can only choose one?

There is this option in Rakuten that I can change to Tsumitate or General NISA

You can change every year.
Please read first couple dozen posts in this thread.
viewtopic.php?t=1898

Also, the rules are going to change. General expectation is that time limit (5 yrs/20yrs) could be removed or made longer than that. Upper limit of per year contribution to NISA system is also expected to increase.

[entdark]

Quick question:

I configured my つみたてNISA account to submit daily instead of monthly. Is there any fee I should aware of?

If it is detrimental vs monthly statements then I will switch to monthly, though.

[TokyoBoglehead]

Quick question:

I configured my つみたてNISA account to submit daily instead of monthly. Is there any fee I should aware of?

If it is detrimental vs monthly statements then I will switch to monthly, though.

The Daily tsumitate nisa is new but I use the daily regular tsumitate at Monex.

It's important to remember that they sweep your account once for the full amount, hold it in your MMF and buy from that for the month. No extra costs, but the money sits uninvested in your account for a month worth of market days.

My conclusion is it's mostly a gimmick. I thinks it's better to go with a credit card sweep via
A. SMBC - SBI
B. Rakuten Card, Rakuten
C. Monex - Monex Card (hard for foreigners with long names to get)

[goran]

Quick question:

I configured my つみたてNISA account to submit daily instead of monthly. Is there any fee I should aware of?

If it is detrimental vs monthly statements then I will switch to monthly, though.

I don't have an answer to your question, but I have following questions:

Which broker do you use?

Is this possible in Rakuten securities too?

[entdark]

Quick question:

I configured my つみたてNISA account to submit daily instead of monthly. Is there any fee I should aware of?

If it is detrimental vs monthly statements then I will switch to monthly, though.

The Daily tsumitate nisa is new but I use the daily regular tsumitate at Monex.

It's important to remember that they sweep your account once for the full amount, hold it in your MMF and buy from that for the month. No extra costs, but the money sits uninvested in your account for a month worth of market days.

My conclusion is it's mostly a gimmick. I thinks it's better to go with a credit card sweep via
A. SMBC - SBI
B. Rakuten Card, Rakuten
C. Monex - Monex Card (hard for foreigners with long names to get)

I'm using Rakuten Securities with SPU, for points. I don`t have a credit card yet, only debit.

I set up the daily submissions because if not I would have to wait a month indeed. It didn't mention at first sight any difference between monthly and daily instalments, but I wanted to make sure I have not misread it. Dividends reinvested.

Quick question:

I configured my つみたてNISA account to submit daily instead of monthly. Is there any fee I should aware of?

If it is detrimental vs monthly statements then I will switch to monthly, though.

I don't have an answer to your question, but I have following questions:

Which broker do you use?

Is this possible in Rakuten securities too?

Yes, using Rakuten Securities (楽天証券).

[TokyoBoglehead]

Quick question:

I configured my つみたてNISA account to submit daily instead of monthly. Is there any fee I should aware of?

If it is detrimental vs monthly statements then I will switch to monthly, though.

The Daily tsumitate nisa is new but I use the daily regular tsumitate at Monex.

It's important to remember that they sweep your account once for the full amount, hold it in your MMF and buy from that for the month. No extra costs, but the money sits uninvested in your account for a month worth of market days.

My conclusion is it's mostly a gimmick. I thinks it's better to go with a credit card sweep via
A. SMBC - SBI
B. Rakuten Card, Rakuten
C. Monex - Monex Card (hard for foreigners with long names to get)

I'm using Rakuten Securities with SPU, for points. I don`t have a credit card yet, only debit.

I set up the daily submissions because if not I would have to wait a month indeed. It didn't mention at first sight any difference between monthly and daily instalments, but I wanted to make sure I have not misread it. Dividends reinvested.

Quick question:

I configured my つみたてNISA account to submit daily instead of monthly. Is there any fee I should aware of?

If it is detrimental vs monthly statements then I will switch to monthly, though.

I don't have an answer to your question, but I have following questions:

Which broker do you use?

Is this possible in Rakuten securities too?

Yes, using Rakuten Securities (楽天証券).

Here are the specifics. The money needs to be in your Sec. Account. So you need to setup a sweep yourself.

積立指定日

［証券口座］
毎月1日～28日の中から選択できます。また、つみたてNISAの場合は毎日を選択できます。
［楽天キャッシュ（電子マネー）］
毎月1日～28日の中から選択できます。
［楽天カードクレジット決済］
積立指定日があらかじめ指定されているために変更はできません。

[Bubblegun]

Not a question but a thought and maybe some can share their thoughts.
Its quite hard at the moment to be dropping in 10万yen into the NISA every month knowing that the s&p is sinking and may sink further into the red.(western color) (green Japanese color) having to wait patiently for any returns, but not seeing how much that will return. I know they say everything is on sale right now, just like the winter, Xmas sales, but at least at those times I can see how much I’ve saved and at the same time use what I bought. I suppose that the instant gratification part and the NISA might be the delayed gratification part. Before when I dropped money into my previous savings I never wanted to see it, and never followed it, I just dropped in the money and forgot about it. But now, in the days of the open internet, everything is there in front of our eyes and a simple click away. Pretty difficult just to wait, watch, and not have a known outcome.
I even tried to find a calculator to see if I had DCA in 2008, and waited 2 years, to see what the returns were.
Pretty hard to just watch.
Thanks.

[TokyoBoglehead]

Not a question but a thought and maybe some can share their thoughts.
Its quite hard at the moment to be dropping in 10万yen into the NISA every month knowing that the s&p is sinking and may sink further into the red.(western color) (green Japanese color) having to wait patiently for any returns, but not seeing how much that will return. I know they say everything is on sale right now, just like the winter, Xmas sales, but at least at those times I can see how much I’ve saved and at the same time use what I bought. I suppose that the instant gratification part and the NISA might be the delayed gratification part. Before when I dropped money into my previous savings I never wanted to see it, and never followed it, I just dropped in the money and forgot about it. But now, in the days of the open internet, everything is there in front of our eyes and a simple click away. Pretty difficult just to wait, watch, and not have a known outcome.
I even tried to find a calculator to see if I had DCA in 2008, and waited 2 years, to see what the returns were.
Pretty hard to just watch.
Thanks.

Are you buying a low-cost broad market index fund? Then the answer is simple. Stop watching.

Setup your account to auto invest monthly. Turn off the broker alert. Delete the stock ticker app.

Update you books semi-annually and spend your energy on something that benefits you or your loved ones.