RetireJapan

Hello everyone. Apologies in advance as this is going to read like a 9 year old asking about the aerodynamics of a rocket.

I’ve got 9 shares of VTI in the old NISA and 9 in the new NISA. I misunderstood and probably still misunderstand the tax being deducted. I know I’m paying 10 percent on dividends. That said, it’s not much money with so few stocks. It’s about 10 percent of my total portfolio and I also have some emaxis S&P 500 so it’s overlapping somewhat. About 50% of my stuff is emaxis slim all country as well.

I’m not sure if I should sell it or keep it. I’m not planning to add to it. If I do sell it am I going to take a 10 percent hit like I am on dividends?

Any advice would be greatly appreciated.

You cannot replace anything in the old NISA if you sell it so I certainly suggest leaving that where it is.
The new NISA portion. I would also be inclined to say leave it for now and just focus on eMaxis Slim for all new money you invest.

If it is a small amount of money it won't really make much difference in the grand scheme of things.

Tanekuma wrote: ↑Thu Jul 04, 2024 10:20 am If I do sell it am I going to take a 10 percent hit like I am on dividends?.

No.

The 10% on dividends is US witholding tax.

As the stocks are in a NISA, there will be no capital gains tax when you sell.

If the stocks were in a taxable account, you'd pay 20.315% Japanese tax on any gains when selling.