RetireJapan

Couple of questions

I am (I think, hard to tell in Japanese) in the midst of getting a Rakuten CC and bank account. I believe they are just in the process of validating my info. I plan to put money into that account to purchase mutual funds. I know I need to setup a seperate account for this with Rakuten but am wondering if having a Rakuten back account will make anything easier. Like should I just wait for the bank account to be setup and then I wont have to go through so many steps to setup the securities account? Or should I just get on it now cause I am going to have to go through all the steps anyway.

Next questions does anyone know if there are low risk/return NISA options within Rakuten? Or even better something like a GIC in Canada or like a certificate of deposit in the U.S.?

You will need a Rakuten Shoken / Securities account to set up a NISA and/or buy mutual funds. Start the process today.

Next questions does anyone know if there are low risk/return NISA options within Rakuten? Or even better something like a GIC in Canada or like a certificate of deposit in the U.S.?

What is your objective? How old are you? What is the timeframe that you will need this money?
What do you mean by 'Low risk'?

amellon wrote: ↑Sun Jun 02, 2024 7:10 am
Next questions does anyone know if there are low risk/return NISA options within Rakuten? Or even better something like a GIC in Canada or like a certificate of deposit in the U.S.?

As far as I can see there are no low risk/return NISA options at Rakuten.

Over in their iDeCo section they do offer Mizuho DC 1-year Time Deposit which might be the closest in concept to what you might be looking for (ie total preservation of deposited funds, for a modest return).

However, because the Bank of Japan has only recently exited from their zero interest rate policy and is still only testing the waters with positive interest rates, you are unlikely to keep pace with inflation with these low risk instruments.

https://dc.rakuten-sec.co.jp/pdf/teiki01.pdf

Interest rates on these are currently around the 0.025% a year mark…
https://dc.rakuten-sec.co.jp/pdf/kinri01.pdf

Kinda what I was expecting to hear. Thanks for the reply!