RetireJapan

ChapInTokyo wrote: ↑Mon Jul 22, 2024 11:19 pm Does anyone use Monex' ワン株 system to control risk exposure to each stock in their Japanese stock portfolio?

I'm considering adding some individual stocks to my portfolio but because some of the stocks are like 3,000 yen and others are like 10,000 yen per stock, if I buy them in 100 stock lots there'll be massive imbalance in risk exposure to some companies. I am guessing I can even out the yen cost exposure to each stock by buying ワン株 odd lots for the more expensive companies but am wondering whether there are any big downsides to this other than the somewhat highter trading cost which I am OK with since I intend to hold the stocks for 5 to 10 years.

If you have individual Japanese stocks in your portfolio and have used ワン株 (or similar), please let me know whether you've found anything to dislike about the system apart from the higher fees in taxable accounts, and the inability to sell at a particular point in time. Thanks.

Tsumitate Wrestler wrote: ↑Tue Jul 23, 2024 12:24 am

ChapInTokyo wrote: ↑Mon Jul 22, 2024 11:19 pm Does anyone use Monex' ワン株 system to control risk exposure to each stock in their Japanese stock portfolio?

I'm considering adding some individual stocks to my portfolio but because some of the stocks are like 3,000 yen and others are like 10,000 yen per stock, if I buy them in 100 stock lots there'll be massive imbalance in risk exposure to some companies. I am guessing I can even out the yen cost exposure to each stock by buying ワン株 odd lots for the more expensive companies but am wondering whether there are any big downsides to this other than the somewhat highter trading cost which I am OK with since I intend to hold the stocks for 5 to 10 years.

If you have individual Japanese stocks in your portfolio and have used ワン株 (or similar), please let me know whether you've found anything to dislike about the system apart from the higher fees in taxable accounts, and the inability to sell at a particular point in time. Thanks.

Index funds, especially those structured in mutual funds, basically solve this problem. You can buy the entire market, or some subset of it, for 100 yen.

By using this system you are restricting yourself to market price for purchase/sale. It is not a good way to go about portfolio building. Rakuten does have a superior version that allows for live trading of single share. However, generally it is still not a great idea.

Unusually for a major online securities company, it supports real-time trading , and for around 750 stocks, trading is possible at real-time prices during trading hours. There are no trading fees, but a separate 0.22% spread is charged for real-time trading (no spread for donation transactions). They also offer Kabutsumi, which allows you to make stock savings with a minimum of 3,000 yen, starting from just one share . You can also use the NISA quota, so you can make investments that take advantage of the tax-free benefits.
*The figures in parentheses are the spreads for real-time trading. There is a trading fee of 0 yen, but buying and selling is done at the transaction price with the amount in the table (0.22% spread) added or subtracted.

Tsumitate Wrestler wrote: ↑Wed Jul 24, 2024 1:19 am I still would recommend Rakuten then if you are buying single shares, their system seems far superior with about half of listed shared trading live, while SBI and Monex are market price at 1-3 times a day.

Unusually for a major online securities company, it supports real-time trading , and for around 750 stocks, trading is possible at real-time prices during trading hours. There are no trading fees, but a separate 0.22% spread is charged for real-time trading (no spread for donation transactions). They also offer Kabutsumi, which allows you to make stock savings with a minimum of 3,000 yen, starting from just one share . You can also use the NISA quota, so you can make investments that take advantage of the tax-free benefits.
*The figures in parentheses are the spreads for real-time trading. There is a trading fee of 0 yen, but buying and selling is done at the transaction price with the amount in the table (0.22% spread) added or subtracted.

https://diamond.jp/zai/articles/-/234937

RetireJapan wrote: ↑Wed Jul 24, 2024 2:57 am I believe you don't get shareholder benefits with single shares (not sure about dividends).

AreTheyTheLemmings? wrote: ↑Wed Jul 24, 2024 1:19 am Is this system unique to Monex, or do other companies offer a similar thing?