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The story
During a livestream, GACKT made a remark about NISA (Japan’s tax-free investment program): “Can you tell me its market cap? Is the dividend yield 8%? There are tons of those out there.” NISA isn’t an individual stock — it’s a system that makes investment gains from small-scale investing tax-free — so terms like “market cap” and “dividend yield” simply don’t apply to it. A clip of the remark was reposted to 5channel’s Nanademo Jikkyo G board, and a wave of replies pointed out the misuse of the terms. At the same time, some replies added genuine explanations of how NISA works and what realistic yields on high-dividend stocks actually look like, keeping the thread from being pure mockery.
5:55~
Source: youtu.be / Original clip here
What people said
Leveraging both a long and short position like that is pointless
Wait, can't you buy stuff like SOXL inside a NISA account?
This stopped making sense a while ago, lol
It's "invest through NISA," not "invest in NISA"
He came off so sharp on shows like Kakuzuke Check (the New Year's special where celebrities spot real luxury goods from fakes) and as a stage actor, but saying stuff like this is going to wear that sharpness thin
An 8% dividend yield on Orican? That'd be insane, lol
Sure, part of Orican (which tracks the ACWI index) does come from company dividends, but that's under 2%
Most of the rise in Orican/ACWI's net asset value comes from share price gains, not reinvested dividends
GACKT: "Out of 100 people, how many do you think could actually answer that? lol 😏"
I love this part
You're the dangerous one here
That boomerang didn't just come back, it's made like three round trips
Classic Gakkun (GACKT's nickname)
Telling it like it is, so cool lol
If 8% dividend yields were really everywhere, that'd be amazing
It used to be around 7%, but the stock price has climbed so much the yield isn't even 5% anymore
The payout ratio itself hasn't changed, and sales have grown steadily too (mainly in Russia and Ukraine), but it got so popular the share price shot way up
Most high-yield cases are actually just stocks that crashed, which pushed the yield up on its own
Background and Key Points of This Discussion
NISA (Nippon Individual Savings Account) is a tax-free “system” for stock and mutual-fund gains and dividends up to a certain amount — it is not an individual stock or product. That’s why phrases like “NISA’s market cap” or “NISA’s dividend yield” describe something that doesn’t actually exist. Much of the thread’s criticism centered on this basic misunderstanding. As for the 8% dividend-yield claim, commenters noted — citing specific stock names — that even JT, known as a high-dividend stock, currently yields only around 5%, making it hard to say 8%-plus yields are “everywhere.” It was also pointed out that for index funds like Orican (an All Country fund), most of the rise in net asset value comes from share-price appreciation rather than dividends, so yield alone doesn’t tell the whole story. While much of the thread was amused by the factual errors in the remark, some replies offered accurate explanations of the terminology, keeping the discussion from being pure personal mockery.
*This article is excerpted and summarized from the 5channel (Nanademo Jikkyo G) thread “[Sad News] GACKT: “Can you tell me NISA’s market cap? Is the dividend yield 8%? There’s tons of those”.”
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