Hi all
I’m 24 and new to investing with NISA. I’ve just opened my SBI account and would appreciate some general guidance.
Some general questions I have:
- I’m planning to contribute ¥100k/month(with card) to a Tsumitate NISA starting May, and I’ve already bought ~¥400k in a Growth NISA. However my colleagues who use Rakuten tell me I should try to max out my Tsumitate. But are there general advantages to maxing out Tsumitate? If iI buy ¥400k in a Growth NISA does it not make up for it? And does it make sense for someone early in their career to attempt maxxing out the full ¥3.6mil NISA limit if it's possible?
- How does timing usually work for NISA withdrawals? Is it typical to leave investments untouched for decades, or are there common situations where people cash out earlier?
- How do people generally approach timing contributions for Growth vs. Tsumitate NISA? Is there a difference between lump-sum vs. gradual investing? Is there such a thing as "waiting" for the ETF to drop based on the current geopolitical climate?
- Is it a good idea to only invest in eMAXIS Slim All Country? Is it the "safe" option?
- For someone with cash from previous investments in a U.S. brokerage account, are there general considerations for wiring it over to a Japanese bank account? If I wire the $ to my ¥ account, would it make sense to do so now since the yen is weak(I plan to live here atleast another 5 years)
by Sergeant_Fish