Thank you for confirmation. Makes sense. I was just curious if I will be able to set up the purchase with NISA allowance already at the start of the year.beanhead wrote: ↑Tue Dec 27, 2022 2:42 amYes, in theory. Bear in mind that markets will be closed on Jan 1st, though.
Mutual funds (eMaxis Slim etc) take a few days to process orders so if you are buying funds it may be Jan 5th or 6th or something before you can actually buy the funds.
A few days does not make much difference, of course, most of the time.
Simple Q&A - NISA
Re: Simple Q&A - NISA
Re: Simple Q&A - NISA
Yes, exactly. You can place the orders.
Aiming to retire at 60 and live for a while longer. 95% index funds (eMaxis Slim etc), 5% Japanese dividend stocks.
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Re: Simple Q&A - NISA
Actually, you can order starting tomorrow for spot purchases with a General Account. https://www.rakuten-sec.co.jp/web/info ... ml#skip06
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Re: Simple Q&A - NISA
Hello,
I just started a few weeks ago so I am very new to NISA or stock market investing in general. Is there anything else I need to do or everything is already set and I just leave it and check once in a while?
I just started a few weeks ago so I am very new to NISA or stock market investing in general. Is there anything else I need to do or everything is already set and I just leave it and check once in a while?
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Re: Simple Q&A - NISA
Looks good!styxomaniac wrote: ↑Tue Dec 27, 2022 4:40 am Hello,
I just started a few weeks ago so I am very new to NISA or stock market investing in general. Is there anything else I need to do or everything is already set and I just leave it and check once in a while?
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Re: Simple Q&A - NISA
Thanks!
I really wish SBI has a NISA My Account page that breakdown everything including your deposits(investments) and how much they are currently valued, how they are doing etc. more like a quick glance dashboard.
I really wish SBI has a NISA My Account page that breakdown everything including your deposits(investments) and how much they are currently valued, how they are doing etc. more like a quick glance dashboard.
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Re: Simple Q&A - NISA
Sorry if this has been asked already, but can you change from Tsumitate NISA to Regular NISA halfway through the year? And if so, will the Tsumitate account funds built so far enter the Regular account tax-free?
It's just we seem to have too much spare yen at the moment doing nothing. Adding an extra 200 man (120 x 2 minus contributions so far) to NISA might be a good idea, despite the risk of it being worth less five years from now.
It's just we seem to have too much spare yen at the moment doing nothing. Adding an extra 200 man (120 x 2 minus contributions so far) to NISA might be a good idea, despite the risk of it being worth less five years from now.
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Re: Simple Q&A - NISA
Nope. You can only change types mid-year if you haven't used it at all yet.northSaver wrote: ↑Tue May 16, 2023 8:41 am Sorry if this has been asked already, but can you change from Tsumitate NISA to Regular NISA halfway through the year? And if so, will the Tsumitate account funds built so far enter the Regular account tax-free?
It's just we seem to have too much spare yen at the moment doing nothing. Adding an extra 200 man (120 x 2 minus contributions so far) to NISA might be a good idea, despite the risk of it being worth less five years from now.
You'll have to wait for the New NISA (7.2m yen a year for the two of you).
English teacher and writer. RetireJapan founder. Avid reader.
eMaxis Slim Shady
eMaxis Slim Shady
Re: Simple Q&A - NISA
Yes, this is the solution.
https://retirewiki.jp/wiki/Japanese_global_index_funds
All of these funds reinvest internally and can be purchased in exact yen denominations.
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Re: Simple Q&A - NISA
Yes, no rollovers.JohKun wrote: ↑Tue May 16, 2023 2:33 pm Great, thanks!
Not easy to find the info.
For all other funds I’ll then just set it to not reinvest for the old NISA - and not make the same mistake again for the new one!!
Wondering what will happen with the old NISA, as the reinvestment for the ones I bought already won’t work starting next year. Maybe these will go into the taxable one for the next 5 years…let’s see let’s see
Any expiring NISAs will be dropped into a taxable account and their/your cost basis reset to the current price on that day.
This change makes tsumitate a better option for most in retrospect.