RetireJapan

Hi all. I (foreigner) have a NISA and my Japanese partner keeps telling me they’d like to start a NISA but she wants to fully understand it first. Great thinking in my humble opinion. However, she doesn’t seem to be making any headway. When I ask she just says I’ll check next weekend. Next weekend rolls around and she just looks at Instagram all weekend long.

Before I go and do the leg work and find her a bunch of YouTube videos and websites to check out to introduce NISA, does anyone know of any fantastic, easy to access online resources for introducing a Japanese person to NISA? Basically the Japanese Retire Japan!

I can’t be the only one who has had to persuade a significant other to look after their future…

All help and advice will be greatly appreciated.

It might be worth wandering into a bookstore and finding a book on the subject, there are bound to a few beginner-friendly ones with lots of cartoons and easy-to-understand diagrams (I've got one, albeit for the old NISA).

For videos, I somehow came across this channel: https://www.youtube.com/@fuyuko_money/videos and find the info useful and easy to understand (may not be everyone's cup of tea and the advice contained therein is of course not to be followed blindly).

CluelessToshika wrote: ↑Sat Mar 02, 2024 11:34 am
For videos, I somehow came across this channel: https://www.youtube.com/@fuyuko_money/videos and find the info useful and easy to understand (may not be everyone's cup of tea and the advice contained therein is of course not to be followed blindly).

Damn, she's crushing it

Maybe I should start a Japanese language channel...

RetireJapan wrote: ↑Sat Mar 02, 2024 11:43 am

CluelessToshika wrote: ↑Sat Mar 02, 2024 11:34 am
For videos, I somehow came across this channel: https://www.youtube.com/@fuyuko_money/videos and find the info useful and easy to understand (may not be everyone's cup of tea and the advice contained therein is of course not to be followed blindly).

Damn, she's crushing it

Maybe I should start a Japanese language channel...

The brutal demographic reality means It's where the money is, so to speak...

I explained the Boglehead approach to my wife, using historic data. I explained why the Bubble in Japan happened, and how it would have gone for use with a diversified portfolio, vs one concentrated in Japanese real estate and/or Japanese securities.

I also explained the superiority of active vs passive and showed clips of Buffett recommending a passive index fund.

She bought in, as she has a high understanding of statistics.

From there Nisa and Ideco were easy sells, as the tax was her concern. (She initially thought tax on capital gains worked like regular income tax).

--------

She did not want to invest in the All Country {She distrusts Chinese corporations}
She did not think 100% US was prudent.
She went Kokusai, and seemed strangely indifferent about it being ex-Japan.

--------

Moneyforward tracks everything for us, it is all set and forget.

(However, she agreed that moving things from her taxable into her New Nisa is a good call, we are doing it in 80 man tranches).

She has outperformed me and rolled her eyes when I bought crypto 3 years ago as she remembered my stated strategy and pointed out I was being a hypocrite. Which....she was 100% correct about.

My Japanese brother-in-law believes that pensions and the stock market are a scam and the only way going forward is to save every penny in the bank. I've bought those NISA books RJ had recommended before and sent them to him. His wife is more receptive but I realize how difficult it is to convince Japanese people who grew up through the bubble bursting and the associated trauma around that especially because its financial advice and you don't really want to be too pushy about it.