RetireJapan

ｅＭＡＸＩＳ Ｓｌｉｍ 先進国債券インデックス cannot be set up in the Tsumitate portion at SBI. (Nor can the Domestic bond index.) I wanted to get some bonds under my belt. I could set up a tsumitate, but luckily noticed that it was to the Growth part. There is no option to put it in the tsumitate part. Am I missing something? Is there an alternative developed world bond fund anyone recommends (that I can buy in the tsumitate part)?

Edit: there don't seem to be any developed world bond indexes in the tsumitate part.

Looks like bond funds aren’t included in the funds permitted by the FSA for purchase in the Tsumitate bracket.

https://www.fsa.go.jp/policy/nisa2/products/

I was reading Tomoya Asakura’s book about the old tsumitate nisa, and one of the things he said was that tsumitate didn’t really have much benefit for investing in bond funds. (Different story for equities.)

You can certainly have some bonds by going with the growth bracket for now, and if you fill your growth bracket up in future, sell the bond fund and rebuy it in taxable account to free up your growth allocation from the following year.

I've filled up our growth allocations with Apple stock. We had quite a big 'rollover' with that, so I can't use the growth part. Maybe this is the universe telling me not to invest in bonds.

It's not a good idea to buy bonds in a NISA anyway, because they're like a leaky bucket. Every time they pay out, that money is no longer tax-protected.

adamu wrote: ↑Sun Feb 18, 2024 4:35 pm Every time they pay out, that money is no longer tax-protected.

How do you mean? I thought anything paid out would be treated like stock funds and reinvested?