SBI: US stocks and ETFs

[Kiyora999]

Hi everyone,

I bought the VT Vanguard ETF to finish this year allocation of NISA to try out the Foreign stocks allocated panel.
I didn't have an fx account on SBI so I paid in yens, and I realized they took a lot of fees....
Well my mistake, next time I'll convert in USD first so that I know better in advance how much it'll be traded for.

Anyway, my ETFs are appearing in the Global website, but not in my portfolio in the menu. Is it because I officially receive them on december 10th? Will they appear in the portfolio with Japanese stocks, etfs, mutual funds REIT etc too later?
Because I like to have a look there to control all my NISA at one time and the global website is so badly done...

Also, I'm planning to buy some US dividend stocks next year with 30% of my NISA allocation. Could someone explain me how the dividends will be reflected in the panel? I think we have to pay the US taxes, but the JP taxes are tax-free in NISA right? Will the US tax be automatically deducted beforehand from the dividend? Or will I have to fill some papers at the tax office? (actually same question with Vanguard ETF)

I also wanted to buy some EU good dividend stocks but it seems they don't have anything which is quite sad.... That's why I'm opting for 30% of US good dividend stocks JP ones.

Thank you very much in advance for your help!

[mule96]

I didn't have an fx account on SBI so I paid in yens, and I realized they took a lot of fees....

The fees are the same, whatever you use. If you pay in JPY they keep quite a large margin for currency fluctuations compared if you convert to USD, but that gets adjusted after 1-2 days, so your remaining JPY balance will usually go up. If you want to spend all your money in the sbi account, it is usually better to convert it first (but even that doesn't happen immediately).

If you don't like the fees (which are the lowest within Japanese Brokers You could also buy Japanese Funds that cover the world. There you dont have any fees - and dividends get usually reinvested. There is a large discussion about that in the Forum.

Also you don't need an FX account for that, you can convert within the normal menu.

Anyway, my ETFs are appearing in the Global website, but not in my portfolio in the menu. Is it because I officially receive them on December 10th? Will they appear in the portfolio with Japanese stocks, etfs, mutual funds REIT etc too later?

The Portfolio only works for the Japanese Stocks and Funds. I never look at it anyway, the Japanese and International overview are enough for me.

Could someone explain me how the dividends will be reflected in the panel? I think we have to pay the US taxes, but the JP taxes are tax-free in NISA right? Will the US tax be automatically deducted beforehand from the dividend?

They US Dividends get deducted automatically. You will get a PDF for every dividend paid out where you can see what was deducted. For Nisa that Japanese Deduction will be 0.　I think the deduction for Dividens outside NISA accounts happens even if you dont use a Tokutei Kouza with witholding Tax, but I am not a 100% sure about it.

I also wanted to buy some EU good dividend stocks but it seems they don't have anything which is quite sad.... That's why I'm opting for 30% of US good dividend stocks JP ones.

Currently it seems none of the online brokers has access to the European stock market unfortunately.

[Kiyora999]

Hi mule96, thank you very much for your help!!!

I feel better now that I know that the rate will be readjusted! When I tried to pay in USD it didn't worked so I guessed I needed the fx account first, but I'll try again next year thank you!

If you don't like the fees (which are the lowest within Japanese Brokers You could also buy Japanese Funds that cover the world. There you dont have any fees - and dividends get usually reinvested. There is a large discussion about that in the Forum.

I'm actually usually doing this, but since I want to buy good dividend US stocks from next year on my NISA, I thought it was a good idea to try out first to see how will the dividends be reflected with a few units of an ETF!
And I would also like to try comparing the evolution of 1550 and VT with profit/loss and dividends paid all together.

The Portfolio only works for the Japanese Stocks and Funds. I never look at it anyway, the Japanese and International overview are enough for me.

Oh I see... That's a pity I like to see everything at one time especially because I feel like I miss some money from the NISA in the total ahah...
But I guess I'll get used to it to if there's no other way to change that display option

They US Dividends get deducted automatically. You will get a PDF for every dividend paid out where you can see what was deducted. For Nisa that Japanese Deduction will be 0.　I think the deduction for Dividens outside NISA accounts happens even if you dont use a Tokutei Kouza with witholding Tax, but I am not a 100% sure about it.

OK thank you very much!! Seems to work how I expected that's nice that we don't have some paperwork to do!

[adamu]

I didn't have an fx account on SBI so I paid in yens, and I realized they took a lot of fees....

The fees are the same, whatever you use. If you pay in JPY they keep quite a large margin for currency fluctuations compared if you convert to USD, but that gets adjusted after 1-2 days, so your remaining JPY balance will usually go up. If you want to spend all your money in the sbi account, it is usually better to convert it first (but even that doesn't happen immediately).

If you don't like the fees (which are the lowest within Japanese Brokers You could also buy Japanese Funds that cover the world. There you dont have any fees - and dividends get usually reinvested. There is a large discussion about that in the Forum.

I second the advice to use domestic funds instead of US ETFs and documented at length in other posts.

One point about the currency conversion. I don't know the lastest figures, but you can pay hugely (6x) less fees by converting the money in a linked SBI bank account, rather than doing it in the trading account.

viewtopic.php?p=951#p951

[mule96]

Very interesting! But can you transfer money between the Sumishin SBI Bank account and the SBI Investment account in USD? I don't see a way to do that.

[mule96]

Correction: The transfer has to be initiated from the SBI Shoken website and it works as described (入出金・振替→外貨入出金/外貨入金)