RetireJapan

banders wrote: ↑Sun Jun 16, 2024 10:20 am I didn’t give it much thought and planned to sell old NISA at the end of each year and buy in the new. Any reason not to do that right now if we don’t need the buying capacity in the growth portion for the rest of the year?

banders wrote: ↑Mon Jun 17, 2024 3:25 am That’s if you sell more than will fit in this year’s allowance, right? But if I have half a million spread over 2020~2023, moving that all into the new NISA (and knowing I won’t use any more of this year’s allowance) makes no difference, I think? They will be able to grow in the new NISA and I won’t have to worry about them growing too much for a future year’s allowance.

However, All Country is rising just about every day so there's a big chance I will have to buy fewer units than I sell. But if I move some money in to the new NISA I will be able to buy and sell on the same day.

banders wrote: ↑Mon Jun 17, 2024 4:54 am The half million total is in the old non-tsumitate NISA. So they would be transferred at the next 4 year-ends. However, transferring them now would be (hopefully!) at a lower cost.

Bubblegun wrote: ↑Wed Jun 19, 2024 2:38 am I have a question which is linked to this. So hopefully not hijacking the thread. Please delete if so.

I have a large amount of yen in the TAXABLE Investments in the NASDAQ. The reason is we have used up all our annual amount.
So should I in January 2025, sell it, Pay the tax on the profits, and rebuy the same fund but in the tax efficient section? Or just let the whole thing run. I probably have about 6 to 10 years before I retire. My head says, mathematically, sell in January and then repurchase immediately.

zeroshiki wrote: ↑Wed Jun 19, 2024 3:07 am

Bubblegun wrote: ↑Wed Jun 19, 2024 2:38 am I have a question which is linked to this. So hopefully not hijacking the thread. Please delete if so.

I have a large amount of yen in the TAXABLE Investments in the NASDAQ. The reason is we have used up all our annual amount.
So should I in January 2025, sell it, Pay the tax on the profits, and rebuy the same fund but in the tax efficient section? Or just let the whole thing run. I probably have about 6 to 10 years before I retire. My head says, mathematically, sell in January and then repurchase immediately.

The answer to that would be if you have enough money to fill up the allowance without selling. If no, then selling seems like a better option IMO.

Bubblegun wrote: ↑Wed Jun 19, 2024 5:40 am
I certainly won’t be able to fill up next years allocation. So thanks for confirming my initial thoughts. Always good to double check. At the moment I seem to be getting drunk on the NISA returns from the s&p500 and the NASDAQ. When will the party end. .