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Robo NISA
Posted: Fri Dec 11, 2020 6:44 am
by fools_gold
Wealthnavi have just announced a roboadvisor NISA for 2021.
https://www.wealthnavi.com/nisa/teaser
It's an interesting development but can't be recommended due to its use of US ETFs and a silly 1% management fee.
Re: Robo NISA
Posted: Fri Dec 11, 2020 7:14 am
by RetireJapan
Probably better than nothing though, for the people that just don't want to deal with anything...
Re: Robo NISA
Posted: Fri Dec 11, 2020 7:15 am
by Kanto
fools_gold wrote: ↑Fri Dec 11, 2020 6:44 am
Wealthnavi have just announced a roboadvisor NISA for 2021.
https://www.wealthnavi.com/nisa/teaser
It's an interesting development but can't be recommended due to its use of US ETFs and a silly 1% management fee.
1. Strangely it is Regular-> New NISA not Tsumiate. Tsumitate would probably be more suited to a Roboadvisor.
2. That fund example....55% bonds? Geez, that is conservative.
3. If this was attractive to someone they probably should just do Tsumitate with an 8-asset class fund. Not my cup of tea though I did consider it initially.
Re: Robo NISA
Posted: Fri Dec 11, 2020 7:26 am
by fools_gold
Kanto wrote: ↑Fri Dec 11, 2020 7:15 am
1. Strangely it is Regular-> New NISA not Tsumiate. Tsumitate would probably be more suited to a Roboadvisor.
2. That fund example....55% bonds? Geez, that is conservative.
3. If this was attractive to someone they probably should just do Tsumitate with an 8-asset class fund. Not my cup of tea though I did consider it initially.
They use US ETFs which is probably why you can't do the Tsumitate. Emaxis have a series of roboadvisor like funds that do the same job and can be bought in a Tsumitate, but the fees on those are quite high too.