RetireJapan

Bubblegun wrote: ↑Wed Mar 29, 2023 4:38 am Bubblegun wrote: ↑

beanhead wrote: ↑Wed Mar 29, 2023 12:07 pm
We all have different attitudes to risk and different investing experiences.
Your experience is that this fund has done well for you, whereas the S&P500 fund has not. As you said, it was all that was available, so you did what you needed to do to take care of your family.
If your S&P500 investment is fairly recent, then poor performance can be explained by the drop in value of most markets over the last couple of years. Many of us have seen the same fall in values. After around 2 years, my iDeCo is slightly negative.

Is it worth selling them? Only you can decide.
I would be inclined to initially move all new investment money to eMaxis Slim in the NISA. Once you trust that this is a good strategy for you, then maybe it makes sense to sell the other funds to add to your NISA.

*New NISA is not unlimited. You will be able to invest 3.6M yen per year, up to a maximum of 18M per person in the NISA account.

Owly wrote:Wed Mar 29, 2023 1:49 pm

Bubblegun wrote: ↑Wed Mar 29, 2023 4:38 am Bubblegun wrote: ↑

Thank you Bubblegun - that is very useful info.
I think I will probably keep my current Saison NISA for the time being and open a new tsumitate NISA with Rakuten for my wife with a different broker. I will probably also open a JNISA and put the maximum Y800 000 in there. Then open a couple of new NISA accounts next year and put whatever funds are available into those.

beanhead wrote: ↑Wed Mar 29, 2023 12:07 pm
We all have different attitudes to risk and different investing experiences.
Your experience is that this fund has done well for you, whereas the S&P500 fund has not. As you said, it was all that was available, so you did what you needed to do to take care of your family.
If your S&P500 investment is fairly recent, then poor performance can be explained by the drop in value of most markets over the last couple of years. Many of us have seen the same fall in values. After around 2 years, my iDeCo is slightly negative.

Is it worth selling them? Only you can decide.
I would be inclined to initially move all new investment money to eMaxis Slim in the NISA. Once you trust that this is a good strategy for you, then maybe it makes sense to sell the other funds to add to your NISA.

*New NISA is not unlimited. You will be able to invest 3.6M yen per year, up to a maximum of 18M per person in the NISA account.

As far as I understand, the maximum will be 2.4M and not 3.6M per year for a regular NISA up to 18M. Or am I wrong about that?

I was thinking along the same lines - from next year invest as much as possible in the something like eMaxis Slim in the new NISAs and then move other funds in there at a later date if it seems wise.

I have another question. I understand the rationale for a tsumitate NISA being the best bet if you are opening a NISA in 2023. But am I right in saying that in the new NISA in 2024, the regular type seems like the best bet if you have the money sitting around and want to maximize returns in the long-term? Also there is a wider variety of investment products available for consideration in a regular NISA compared to a tsumitate NISA, right?

Bubblegun wrote: ↑Wed Mar 29, 2023 4:38 am So my next question would be...is it worth selling them, and putting the money into the Emaxi S&p500?

TokyoBoglehead wrote: ↑Wed Mar 29, 2023 1:53 pm
You have it a bit twisted.

The results you got so far sound better than a nasty gakushi hoken product that I was made to pay into.

I guess your kids may be getting close to uni age now too, so if that money is gonna pay for it then bond heavy seems like a decent idea for that purpose.

TokyoBoglehead wrote: ↑Wed Mar 29, 2023 1:53 pm

Owly wrote:Wed Mar 29, 2023 1:49 pm

Bubblegun wrote: ↑Wed Mar 29, 2023 4:38 am Bubblegun wrote: ↑

Thank you Bubblegun - that is very useful info.
I think I will probably keep my current Saison NISA for the time being and open a new tsumitate NISA with Rakuten for my wife with a different broker. I will probably also open a JNISA and put the maximum Y800 000 in there. Then open a couple of new NISA accounts next year and put whatever funds are available into those.

beanhead wrote: ↑Wed Mar 29, 2023 12:07 pm
We all have different attitudes to risk and different investing experiences.
Your experience is that this fund has done well for you, whereas the S&P500 fund has not. As you said, it was all that was available, so you did what you needed to do to take care of your family.
If your S&P500 investment is fairly recent, then poor performance can be explained by the drop in value of most markets over the last couple of years. Many of us have seen the same fall in values. After around 2 years, my iDeCo is slightly negative.

Is it worth selling them? Only you can decide.
I would be inclined to initially move all new investment money to eMaxis Slim in the NISA. Once you trust that this is a good strategy for you, then maybe it makes sense to sell the other funds to add to your NISA.

*New NISA is not unlimited. You will be able to invest 3.6M yen per year, up to a maximum of 18M per person in the NISA account.

As far as I understand, the maximum will be 2.4M and not 3.6M per year for a regular NISA up to 18M. Or am I wrong about that?

I was thinking along the same lines - from next year invest as much as possible in the something like eMaxis Slim in the new NISAs and then move other funds in there at a later date if it seems wise.

I have another question. I understand the rationale for a tsumitate NISA being the best bet if you are opening a NISA in 2023. But am I right in saying that in the new NISA in 2024, the regular type seems like the best bet if you have the money sitting around and want to maximize returns in the long-term? Also there is a wider variety of investment products available for consideration in a regular NISA compared to a tsumitate NISA, right?

You have it a bit twisted.

https://www.retirejapan.com/blog/tag/nisa/

Bubblegun wrote: ↑Wed Mar 29, 2023 4:38 am So my next question would be...is it worth selling them, and putting the money into the Emaxi S&p500?

Are these retirement funds?
How old are you, how many years until retirement?
What is your risk tolerance?
What are your other sources of income in retirement?

If you're younger than 50 I think most people here would recommend a heavy stock allocation in a lower-fee, diversified fund.

You Emaxis Slim s&p500 / Developed countries or All countries.

I favor the later.

Bubblegun wrote: ↑Wed Mar 29, 2023 3:15 pm One work pension starts at 60.Only about £1500
The second work pension starts at 60. Only about £1500.

adamu wrote: ↑Thu Mar 30, 2023 12:53 am

Bubblegun wrote: ↑Wed Mar 29, 2023 3:15 pm One work pension starts at 60.Only about £1500
The second work pension starts at 60. Only about £1500.

You could consider rolling these up into a SIPP. Old work pensions tend to be invested in strange funds and have high fees. You might get better performance by choosing low-cost index funds on a (lowish) fee platform. However, I've not seriously looked into the options for a non-resident.

Bubblegun wrote: ↑Thu Mar 30, 2023 3:12 am Really? I was under the impression that the old government superannuations were better than say a fund.

adamu wrote: ↑Thu Mar 30, 2023 3:54 am

Bubblegun wrote: ↑Thu Mar 30, 2023 3:12 am Really? I was under the impression that the old government superannuations were better than say a fund.

Ah sorry I was assuming you had a private pension. Don't know anything about superannuation!