More of the same
You can see last year's NISA progress report here, and the Junior NISA one here. From this year I will combine both into one post.
This is my fourth year using NISA, which means that the investments I bought in year one will come out of the NISA wrapper at the end of 2018. Right now I am planning to just have them moved into my regular broker account.
In today's post, I will talk about the following points:
- NISA progress 2017
- Junior NISA progress 2017
- Future plans
1. NISA 2017
In last year's post I talked about lots of mistakes I made with my NISA account. Happily none of them were too damaging, and the account looks like this today:
As you can see, 2015 was my major screw-up year, where I was messing around trying to buy Japanese 'net-net' stocks. That didn't end well and I ended up selling out. 2016 looks great mainly because I bought Apple when it was a lot cheaper than it is now ;)
Let's take a closer look at 2017:
Basically this year I just bought world stock funds, which is my default option. If I don't have any better ideas I will buy the market. I figure they will probably do okay going forward.
2. Junior NISA 2017
This was the first year running a Junior NISA account for my granddaughter -we tried to get it running last year, but it took a lot more time than I thought it would due to the requirements to have a parent open the account (my daughter is not particularly great at paperwork etc.).
We finally got it running earlier this year and got various family members to contribute so we could fully fund it (you can put up to 800,000 yen a year into a Junior NISA).
The account currently looks like this:
So the account currently holds 920,294 yen's worth of mutual funds (junior NISA accounts can only buy Japanese equities and mutual funds) and 10,000 yen's worth of cash.
I wanted to keep this account extremely simple, as my granddaughter will get control of it when she is twenty, and my daughter might end up managing it if anything happens to me.
It currently only holds one mutual fund, a world equities one. This means the only options are buy more of this or sell some of it ;)
I figure world stocks over the next 15-20 years should do okay. We're planning to continue funding this as long as we can (the current Junior NISA legislation expires in 2023 but I'm hoping it will be renewed or replaced with something similar).
3. Future Plans
I'm planning to buy some dividend stocks in my NISA account next year. Will start looking for them over the winter break with a view to buying one or two stocks in January. I split my NISA investing in two as I use my bonuses to pay for it, so end up buying half my allowance in January and half in July each year.
If you need some help getting started with NISA you can still get The RetireJapan Guide to NISA for the launch price of 1,000 yen. The latest edition (a couple of updates and a well-needed redesign) will be sent to everyone who bought the guide soon.
How about you? Do you have a NISA account? How are you using it? Anyone planning to go with the Tsumitate NISA next year?