Prestia / SMBC Trust: buying mutual funds

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Tkydon
Sensei
Posts: 1398
Joined: Mon Nov 23, 2020 2:48 am

Re: Prestia / SMBC Trust: buying mutual funds

Post by Tkydon »

As for the Buy-In, this is not the same as a Load, which they also do charge for most of their funds, but unlike Brokerages, NISA and iDECO Providers from whom you can buy any small number of units of a particular fund from the beginning, Prestia requires that you buy a minimum of $Xk, like $5,000 or $7,500, or whatever, worth of Minimum number of Units. Once you have that minimum buy-in number of units, you can then buy additional units in as small or as large blocks as you like.

But the barrier to entry is high. Unlike Brokerages such as Rakuten, SBI, Monex, etc..
:
:
This Guide to Japanese Taxes, English and Japanese Tai-Yaku 対訳, is now a little dated:

https://zaik.jp/books/472-4

The Publisher is not planning to publish an update for '23 Tax Season.
ToushiTime
Veteran
Posts: 307
Joined: Sat Feb 06, 2021 9:39 am

Re: Prestia / SMBC Trust: buying mutual funds

Post by ToushiTime »

Thanks for the clarification
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