This one I'm much less proud of...
After our Junior NISA and THEO progress reports, today we take a look at my NISA account.
I opened my NISA account with Rakuten Securities in 2014, so this was my third year using the service.
I'm not particularly satisfied with how I have done, because I am still not 100% clear on what I should be doing.
I started off with a plan to buy dividend paying shares, reinvest the dividends, and eventually take the income and not sell anything.
Along the way I got distracted and ended up making a lot of mistakes. I bought gold miner ETFs when they crashed (they've gone nowhere in the meantime) and 'net-net' Japanese stocks on the advice of some random newsletter (they went nowhere either, and just used up my 2015 allowance to no purpose). I bought Santander on a 'dip', just before the shares went on to lose 60% of their value (they haven't recovered).
I also made the huge mistake of buying small amounts of foreign stocks on Rakuten, which you can see in the 60,000 yen plus worth of fees I paid over the years ($27 per purchase).
Today my account looks like this:
So it's not terrible but it's not particularly good either. However, this does confirm that just starting, even if what you are doing isn't perfect, is better than not starting. After all, I have almost 700,000 more yen than I would have had otherwise because of that.
And hopefully I'll have more of a clue in the future.
I'm somewhat torn now. Intellectually I understand that I'm likely to see better results by investing in broadly diversified ETFs instead of individual shares, but I still like the idea of building up a steady dividend income so I don't have to worry about selling things.
I will definitely continue maxing out my NISA allowance, but I think I will move towards a hybrid model buying both ETFs and individual shares.
I also have my THEO account which is more diversified, and my wife's investments are all in indexes, so this is just one part of our overall portfolio.
Anyone else have NISA accounts? What are you doing with them?