I'm going to have to disagree here...ToushiTime wrote: ↑Thu Aug 31, 2023 10:54 amThe links I gave you from SBI show we have an option of receiving distributions from funds, including Tsumitate NISA funds, instead of reinvesting them. If they are not reinvested, and are received instead, by definition that means paid out.TokyoBoglehead wrote: ↑Thu Aug 31, 2023 2:22 amCan you please link a source that shows these dividends being paid out at any time? All sources seem to state dividends are calculated annually, but reinvested in the fund. I see no records or distributions with emaxis funds.ToushiTime wrote: ↑Thu Aug 31, 2023 1:04 am
I was under that impression that too, until I checked yesterday.
Internal reinvestment is not the only option, even for Tsumitate NISA-approved eMaxis funds. See the second link above. The distributions are untaxed under Tsumitate NISA and you have three options: reinvest them in your Tsumitate NISA account, reinvest them under your tokutei account, or just receive them (presumably as cash into your sogo account). Again, I don't know why anybody would want the 2nd and 3rd options.
I don't know what you mean by "it", and I am not sure which eMaxis you have, but the left column of the eMAXIS Slim 全世界株式(オール・カントリー) page on SBI shows
分配金受取方法
金額:受取または再投資 (receive or reinvest)
https://site0.sbisec.co.jp/marble/fund/ ... rch_result
The distribution 分配金 for that eMaxis fund is paid once a year, according to the prospectus.
SBI has a list of mutual funds from which you cannot opt to receive distributions.
https://search.sbisec.co.jp/v2/popwin/i ... ketori.pdf
BTW, which brokerages offer DRIP/automatic reinvestment, other than reinvestment of mutual fund distributions?
The only one I could find was Monex for US ETFs.
Many people on this forum have accidentally checked "distribution course" with Rakuten for emaxis funds. Over the years no distribution has been made.
....
ETF drips...Monex is the only one I know but I think Shintaro Money may have mentioned another. Matsui possibly?
https://site2.sbisec.co.jp/ETGate/WPLET ... etori.html
https://site2.sbisec.co.jp/ETGate/WPLET ... nvest.html
If other people on here have accidentally ticked "receive" but have not received anything, I can't explain that.
They could be like me and have rectified their wrong setting before the annual payment was due, or they didn't find the payment record, or the fund didn't make enough to pay a distribution, which the eMaxis prospectus mentions is possible.
eMaxis is not listed as one of the funds that does not allow you to receive the distribution
https://search.sbisec.co.jp/v2/popwin/i ... ketori.pdf
Thanks for the Matsui lead. I'll check it out.
https://akademeia.info/?p=8617
つみたてNISAでは受取型から再投資型に変更できないとして、どういう対応を取るべきか
選択肢①…次回から再投資型を買う
選択肢②…そのまま受取型のまま積み立てる
どの選択肢を選んでも構いません。
選択肢①を選ぶと、ポートフォリオの行が増えてしまいますが、それさえ気にしなければそれでよいでしょう。
つみたてNISAで買えるファンドのほとんどは再投資型でも売取型でも実質的に変わりがありません。よって、選択肢②でも通常は問題ありません。
避けるべき選択肢は、気持ちが悪いからといって、受取型で積み立ててきたファンドを売ってしまうことです
例外的に、積立し始めて1,2ヶ月しか経っていなければ、間違えたファンドを売却してしまい表示をきれいにするのもありでしょう(20年間気持ち悪い感じを受けるぐらいであれば)。
What should we do if we are not allowed to change from a pay-as-you-go type to a reinvestment type in a savings NISA?
Option 1...Buy reinvestment type next time
Option 2: Continue to accumulate the same amount as the payout type
It does not matter which option you choose.
If you choose Option 1), the number of lines in your portfolio will increase, but if you do not mind that, it is fine.
Most of the funds that can be purchased through the NISA are essentially the same whether they are reinvested or sold. Therefore, option (2) is usually fine.
The alternative you should avoid is to sell the funds you have accumulated in the Receivable type just because you feel bad about it.
The exception to this is if you have only been accumulating for a month or two, you may be able to sell the wrong fund and clean up the display (if only enough to feel sick for 20 years).
Translated with DeepL https://www.deepl.com/app/?utm_source=a ... ranslation