This article is a reprint from “Toushiru” provided by Rakuten Securities, “Understanding in TOP 3 Minutes! Today’s Investment Strategy”. Today’s point High-yield stock investment, 33.8% of tax-saving accounts will sell NISA in 2020, NISA not doing NISA and NISA overview comparison NISA or NISA. The tax-exempt quota is extinguished. Shares held in a specific account cannot be transferred to an NISA account. Regarding these six points, we would like to introduce the views of Mr. Masayuki Kubota, Director and Chief Strategist of Rakuten Securities Economic Research Institute. I’ve written about high-yield stock investment many times in this column with a tax-saving account, but the author says that even with a Nikkei average of 30,000 yen, Japanese stocks are cheap, and it is possible to invest in Japanese stocks while diversifying time. We believe that it will contribute to long-term asset formation. We believe that we should aggressively invest not only in growth stocks but also in large-value value stocks with high dividend yields. For long-term investment in high-yield stocks, I think it is better to use a NISA (Nippon Individual Savings Account) account, which exempts trading profits and dividends. Although tax-exempt investment is possible with Tsumitate NISA, only investment trusts can be invested with Tsumitate NISA. To buy individual stocks, you need to choose NISA.