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Published 8/18 (Tue) 7:00 AM
withnews by The Asahi Shimbun
Every time I meet up with friends, investing comes up. Scroll through social media and you’ll see posts like “I’m putting away tens of thousands of yen a month.” Maybe I’m missing out by not doing it too — but then again, just getting through each month isn’t exactly easy either.
Source: news.yahoo.co.jp / Read the original article here
40 years from now — the odds Japan even still exists, let alone that you're sitting pretty thanks to NISA gains, aren't even 50%, are they?
>>53
Sounds like the type who'd say 'I won't get my pension anyway so why bother paying into it'
Sounds like the type who'd say 'I won't get my pension anyway so why bother paying into it'
>>53
If you really think Japan's going under, all the more reason to get your capital flight going
If you really think Japan's going under, all the more reason to get your capital flight going
>>53
Unlike iDeCo, you can withdraw from this anytime
Unlike iDeCo, you can withdraw from this anytime
Bottom line, NISA's a service for the wealthy — regular folks straining themselves to get in on it is the real mistake
>>79
It only caps out at 18 million yen. NISA's a system for poor people, honestly — the allowance is nothing much. Most of my holdings are in a regular taxable account anyway
It only caps out at 18 million yen. NISA's a system for poor people, honestly — the allowance is nothing much. Most of my holdings are in a regular taxable account anyway
>>79
18 million yen is way too small for the truly wealthy. It's really just an allowance sized for ordinary people redirecting a chunk of the tens of thousands of yen a month they used to save for retirement. And if you can't even manage a few tens of thousands a month in retirement savings to begin with, you should be on welfare
18 million yen is way too small for the truly wealthy. It's really just an allowance sized for ordinary people redirecting a chunk of the tens of thousands of yen a month they used to save for retirement. And if you can't even manage a few tens of thousands a month in retirement savings to begin with, you should be on welfare
Come to think of it, you rarely hear about old-money landowners living comfortably off rental income investing in NISA… Guess they just don't need to?
>>128
Probably because 18 million yen is chump change to the seriously rich? NISA's a tax-saving investment scheme for ordinary people
Probably because 18 million yen is chump change to the seriously rich? NISA's a tax-saving investment scheme for ordinary people
>>128
Or it's such small change to them they just don't bother mentioning it — probably doing it as a matter of course
Or it's such small change to them they just don't bother mentioning it — probably doing it as a matter of course
>>147
Horiemon (entrepreneur Takafumi Horie) said the same — a good system, but not one he personally needs
Horiemon (entrepreneur Takafumi Horie) said the same — a good system, but not one he personally needs
>>153
Can that guy even hold assets under his own name? Seems like they'd get seized instantly
Can that guy even hold assets under his own name? Seems like they'd get seized instantly
>>153
Can you actually carry forward a capital-loss deduction for that many years?
Can you actually carry forward a capital-loss deduction for that many years?
Feels like a lot of people aren't doing it, but come on, it's not like it makes you poor. My new NISA holdings are sitting on 6 million yen in unrealized gains. Everyone's making about that much lol
>>155
Well, conservatively speaking, it's probably grown at least 1.5x by now
Well, conservatively speaking, it's probably grown at least 1.5x by now
>>155
I'm up more than 10x that, but I always tell people around me I'm barely scraping by. That's pretty much how it goes — nobody admits in real life that they do NISA or invest
I'm up more than 10x that, but I always tell people around me I'm barely scraping by. That's pretty much how it goes — nobody admits in real life that they do NISA or invest
The pension system isn't going to collapse. As long as you're alive, it pays back what you put in, in installments — whether you can live on that alone is up to you. It was always meant to be a supplementary system, but somehow everyone got brainwashed into 'can't live on pension alone → the whole system's broken'
>>167
You can live on pension alone, though. Most people are on the employee pension (kosei nenkin). Can't speak for the future, though
You can live on pension alone, though. Most people are on the employee pension (kosei nenkin). Can't speak for the future, though
>>167
Have you never even looked at your pension statement?
Have you never even looked at your pension statement?
Say a NISA account holder dies and nobody knows the account details or PIN — can anyone besides them withdraw the money?
>>176
It can be withdrawn, but the moment the person dies it should convert to the heir's designated account or a regular taxable account — the NISA tax-free allowance itself can't be inherited
It can be withdrawn, but the moment the person dies it should convert to the heir's designated account or a regular taxable account — the NISA tax-free allowance itself can't be inherited
>>188
So if the heir withdraws it, it's no longer tax-free and they get hit hard with taxes instead?
So if the heir withdraws it, it's no longer tax-free and they get hit hard with taxes instead?
>>214
Hey, withdraw it without authorization and you're no longer considered an heir — that meets the disqualification requirements for inheritance, so it all goes straight to the national treasury
Hey, withdraw it without authorization and you're no longer considered an heir — that meets the disqualification requirements for inheritance, so it all goes straight to the national treasury
>>214
If you get cancer, you sell off your stocks bit by bit and cash them out in advance — same with bank deposits. Because once you're dead, inheritance tax takes a massive cut. Makes you wonder how Mr. Kiriya (the famous shareholder-perks investor) handles this…
If you get cancer, you sell off your stocks bit by bit and cash them out in advance — same with bank deposits. Because once you're dead, inheritance tax takes a massive cut. Makes you wonder how Mr. Kiriya (the famous shareholder-perks investor) handles this…
'NISA-poor' is such a weird term. Mutual funds can be cashed out quickly, so it's not like you're actually poor. I'd get it if they said 'NISA-frugal' or 'NISA-austere,' but poor means genuinely having no money, doesn't it? You clearly have money. The hatred this country has for anyone trying to build up assets is next-level 😅
>>190
The mass media ('masugomi,' i.e. media garbage) are idiots lol
The mass media ('masugomi,' i.e. media garbage) are idiots lol
>>190
There used to be a term 'savings-poor' too — someone who prioritizes saving above everything, so their food and clothes end up shabby. Basically someone who gives up a rich, full life just to save
There used to be a term 'savings-poor' too — someone who prioritizes saving above everything, so their food and clothes end up shabby. Basically someone who gives up a rich, full life just to save
Talked about NISA at the Obon family gathering — the younger ones were all investing seriously, while the older generation didn't look too pleased about it
>>210
A lot of old folks still think stocks equal gambling
A lot of old folks still think stocks equal gambling
>>210
I mean, what good is an 18-million-yen allowance to old geezers at this point lol
I mean, what good is an 18-million-yen allowance to old geezers at this point lol
Lost quite a bit myself — loaded up on Nissan at 1,000 yen, bought some Russian stocks too. The forced liquidation after 5 years with no ability to offset gains and losses was brutal on top of that
>>221
Nissan at 1,000 yen, lol. Back then Nissan was THE go-to high-dividend stock
Nissan at 1,000 yen, lol. Back then Nissan was THE go-to high-dividend stock
*This article is excerpted and summarized from the 5ch (News Speed+) thread “Why Does ‘NISA-Poor’ Happen? Started It for ‘Future Peace of Mind,’ But… Rethinking Our Relationship with Investing.”
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