Simple Q&A - NISA

[putafeche]

1-3 million hiding under our mattress

I guess it depends on the performance of the mattress.

Gotta love traditional investing.

[Bubblegun]

1-3 million hiding under our mattress

Sometimes the old ways are the best. I expect with actually having to "PAY" to put coins into the banks and post office this is probably the best way. I've got bottles filled with coins, that have just sat there for years and years.I come home and empty my pockets into them. It's probably becoming a liability now. Ironically it seems in these tough times, even people in the UK are switching back to cash and away from pay apps/cards. Seeing it leave your hands can be psychologically painful, and yet a powerful way to save.

[KCLenny]

1-3 million hiding under our mattress

Sometimes the old ways are the best. I expect with actually having to "PAY" to put coins into the banks and post office this is probably the best way. I've got bottles filled with coins, that have just sat there for years and years.I come home and empty my pockets into them. It's probably becoming a liability now. Ironically it seems in these tough times, even people in the UK are switching back to cash and away from pay apps/cards. Seeing it leave your hands can be psychologically painful, and yet a powerful way to save.

While that’s true, isn’t that how millions of yen was lost forever during the tsunami?
Obviously if you live in an area with minimal natural disaster risk, go for it. But in Japan, anything could happen at any time. I would worry about stashing massive amounts of cash anywhere for prolonged periods of time.
I keep a jam jar of 1 yen coins, and a tin of a few stray man notes just for cash emergencies (as usually pay everything on card or emoney systems). But that’s all.

[RetireJapan]

a tin of a few stray man notes just for cash emergencies

Keep some thousands in there too. After 3-11, while the power was out, it was cash only and hard to get change

[KCLenny]

a tin of a few stray man notes just for cash emergencies

Keep some thousands in there too. After 3-11, while the power was out, it was cash only and hard to get change

That’s true. I do actually have a few as of this month so covered there.

[adamu]

a tin of a few stray man notes just for cash emergencies

Keep some thousands in there too. After 3-11, while the power was out, it was cash only and hard to get change

That’s true. I do actually have a few as of this month so covered there.

You might want to get the new ones in July

https://www.npb.go.jp/en/news/20220114_ ... index.html

[KCLenny]

Will do.

Keep some thousands in there too. After 3-11, while the power was out, it was cash only and hard to get change

Weird coincidence given the ishikawa earthquake yesterday. Felt it here in Kyoto. Longest earthquake I’ve felt!