RetireJapan

adamu wrote: ↑Thu Aug 04, 2022 7:30 am

mikele3 wrote: ↑Thu Aug 04, 2022 7:09 am

adamu wrote: ↑Wed Aug 03, 2022 1:25 pm Worth keeping in mind that Rakuten charge ¥0.25 to convert every USD, in addition to the exchange rate. So $1000 costs you ¥250, etc.

25% !!!


so, rounding, if I buy $100.00 using ¥13,500 , and I immediately revert back to JPY I would get ¥10,125 ?

$100 costs ¥25 so it would cost you ¥50 for the round trip, plus whatever the exchange rate spread is.

Butterball wrote: ↑Fri Aug 05, 2022 9:38 am
Read the figures again. ¥0.25, not ¥25 or $0.25.

yep. thanks!
I realized that not long after posting my reaction... and I have actually been wanting to come here and correct me ever since.

do I get it right this time, saying that the fees are more like 0.19% ?

The fees are really small.
Relevant if you are trying to do day-trading, but for buy-and-hold investments, I wouldn't worry about a couple of hundred yen.

beanhead wrote: ↑Mon Aug 08, 2022 1:21 am The fees are really small.
Relevant if you are trying to do day-trading, but for buy-and-hold investments, I wouldn't worry about a couple of hundred yen.

absolutely!

so, on the same topic.. in Rakuten Securities, what is the difference in between buying USD from here: (which I did)

or from here: (haven't tried yet, it seems like I need to apply for permission to use that function)