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bouph12
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Posts posted by bouph12
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I use this in the malted multi-grain loaf which is the standard bread I make. The shop has most items an aspiring home baker requires.
The Youtube channels of John Kirkwood and Chainbaker have both been good sources for educating me.
I haven't bought bread for years.
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I received the email. Here is the link for information:
What are people using in place of this?
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If you're stepping up from instant coffee, I can recommend the Aeropress.
Available on Lazada but better details here:
The aforementioned James Hoffman made some videos about it recently. I tried both a drip filter coffee maker and a french press for travel . I gave them away after getting this a few years back.These beans are my current favourites:
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I opened an account with AJBell two years ago. I have lived in Thailand for 10 years and they were made aware of this from the start. Some additional documents had to be scanned and verified, but they were happy to accept me as an overseas customer.
I was transferring a SIPP, but I did ask if I could also open an investment account and was told that I could. I know that they have a range of in-house funds with various degrees of risk from cautious to adventurous.
I ended up opening an investment account with Internaxx (now Swissquote) to avoid an eggs-in-one-basket scenario, but I am happy with AJBell's service and the low cost to operate the account - to the extent that I have had JSIPPS for my grandsons opened with them as well.
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19 hours ago, Oxx said:
It's not churning and they make no money from it.
HL simply ensures that investors are invested in the lowest cost version of a fund available. Sometimes new classes of a fund are issued, or HL negotiates a special discount and does the decent thing to ensure the existing funds are transferred to the new class.
The faulty quote function didn't include the post that was being replied to. Had it done so, it would have been clear that it was AJ Bell who moved me into a lower cost class of fund.
Not HL.
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I'm with AJ Bell. Within a month of them finally getting my SIPP from Hl, they had identified a cheaper version of one of my funds and moved my units to it. I appreciate that sort of attention.
They've been quick to respond to my queries.
I'm saving hundreds of pounds a year on fees.
I'm happy with them so far.
5 hours ago, BritManToo said:Hargreaves Lansdown ..... nobody else comes close..
Nobody else comes close to them for incompetence and indifference.
If they learn you are outside the UK/EEA, they:
Won't give you the 25% tax free amount.
Won't allow you to go into drawdown.
I closed my Share and Fund account with them several years ago because they wouldn't accept money into it from someone in Thailand. The fact that the money would be coming from a UK bank account funded by a UK pension made no difference. I regret not transferring my SIPP back then, but better late than never.
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This might be the thread you're looking for:
A married couple can have a simple will registered and kept at the local Amphur for minimal cost without involving a lawyer. You could ask there if they'll do the same for you and your partner.
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17 hours ago, BritManToo said:
Plenty of old fools who walk around town proudly announcing to their banks, DWP, Doctor they are moving permanently to Thailand. Then they all cry when they don't get pension increases, have no financial protection, lose their bank accounts, and can't get NHS treatment for free anymore.
Hard to see how any future 'consequences' could be worse, than the immediate effects of that.
Here's a different perspective to consider:
Everyone relevant is aware that I live in Thailand.
Pension increase?
I agree that I won't get it, however:
A UK resident pays tax over their Capital Gains Tax limit. Residents here don't.
A UK resident's estate pays 40% tax on amounts over their Inheritance Tax limit of c. £450k.
Residents here pay 5% tax on amounts over the Inheritance Tax limit of 100 million THB.
Lots of people who would be caught in the UK won't have to pay anything if they establish Thailand as their Domicile of Choice. It's quite a pleasant future consequence.
Those tax savings are of more value to many than a couple of hundred pounds pension increase a year.
Financial protection?
My Internaxx investment account is based in Luxembourg. They have full bank status and deposit protection of 100,000 Euros – more than a Hargreaves Lansdown account.
Loss of bank account?
I still use the same Nationwide account I've had for thirty years.
Free NHS treatment?
If I needed it that badly, I'd go to the UK and declare that I was back for good.
I'm not sure I'd want to, though:
https://www.theguardian.com/society/2015/jul/14/avoidable-deaths-nhs-hospitals-study
I've been in Thailand for the last decade and not one of your “ Immediate “ effects has kicked in yet.
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^^^ These checks are more stringent now so they probably will require proof - you could find out for sure by asking them.
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1 hour ago, chang50 said:
Nationwide told me when I tried to report in branch I was moving to Thailand that they wouldn't send new debit cards to Thailand so I should use a UK address which I did with the help of a relative.I suppose I will continue on that basis until they want me to do things differently..
Is this a recent thing?
I ask because the last 2 Nationwide visa debit cards (2011 and 2016) I've had have been sent to the thai address I am registered at with Nationwide.
The one I'm using now was not able to be activated until I called their Fraud Operations team to confirm the card's safe arrival.
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^^^ Sorry, the last figure for AJ Bell should be £1260, not £1040, so it's only a saving of £900 a year. I miscalculated the extra discount they have for amounts over £200k.
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On 2/21/2019 at 4:21 PM, jkthai said:
topt , hi, had a look at Hargreaves and they only take customers based in UK
Tried A J Bell and they were a bit of a pain , asking for various documents /forms which I duly sent , then at the last moment they said everything had to be notarised , I felt they were a bit amateurish so did not pursue it
as for the expatsipp the charges are about .9% as far as I can see , do you think that is excessive ?
any advice welcome
I also had some initial reservations about AJ Bell, but I'm glad I persevered with them and transferred my SIPP. They've made improvements to account opening for expats which suggest they're becoming more expat-friendly. As for their customer service, I had to make an unusual enquiry recently. I got an email in the morning saying they didn't have the answer at hand but were working on it. I received the answer later that day. I'm happy enough so far.
On the matter of the fees, it's possible to make a direct comparison using the funds in the "Growth Portfolio" as an example.
For a SIPP of £100k, annual fees with Myexpatsipp will be 0.5% + £150 + 0.22% = £870
For a SIPP of £100k, annual fees with AJ Bell will be 0.25% + 0.22% = £470
If you manage to get a SIPP of £300k, the annual fees are £2160 for Myexpatsipp and £1040 for AJ Bell.
I suppose it comes down to the level of extra service; how often do you think you'll need that personal account manager?
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I tried to log in on the gateway site this morning. The code was sent to my phone without a problem but after clicking the option to remember the code for 7 days, I only get the sign in page reloading when I hit the green sign in button. It may be website issues.
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On 11/13/2018 at 11:01 AM, no deal said:
ok she can see you tomorrow at her office,she charge 1000 tb for one page,told her you get her number from ying phone number: 0874358548 good luck!
Unfortunately, they wouldn't budge from asking 1500 baht for one page when I went there this morning.
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19 hours ago, marcodigio said:
Wow, that would drive me nuts! And to think that a big part of their marketing is proposing to people that wants to build a SIPP to retire abroad. Just last week I downloaded their brochure about retiring abroad, and they have clearly omitted about not being able to use the drawdown facility.
Were you able to find a provider that lets you use that facility?
I am transferring to A.J. Bell. They assure me that a SIPP's drawdown conditions will be applied as if I were in the U.K., as per the Pensionwise guidelines. It's a nice bonus that it will be cheaper to maintain.
HL have taken thousands of pounds in fees over the last 8 years I've been living abroad. if they weren't going to provide a full service, they really should have made that information available to me.
12 hours ago, KittenKong said:That's Internaxx for anyone wanting to search for them.
Like ii, they should work out a lot cheaper than HL for most investors.
I have an account with Internaxx which I opened earlier this year. There is no access to popular U.K. funds from the likes of Lindsell Train or Baillie Gifford, but there are fund options from Invesco, Jupiter, Morgan Stanley, et al. If ETFs are your preference, there are several thousand available, including the Vanguard range. Share dealing covers 18 different exchanges.
It's a useful option for an expat.
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5 hours ago, marcodigio said:
I'm currently a customer of Hargreaves Lansdown. On top of a shares account I have a SIPP with them too. I will be more than happy to carry on using them if I move abroad, but after being reading all of their terms and conditions (sigh!), it's not entirely clear if you can carry on dealing as normal. I have contacted them, but still waiting for a reply. The last thing I would need is for my account to be frozen if I wasn't following their terms and condition. But surely there must be a lot of their SIPP customers who retired abroad?
When I asked HL about the 25% tax free amount from my SIPP they sent the forms to my home in Thailand where they know I've been living for several years.
After I completed all the documentation and returned it, they refused to pay (without any prior warning) because of "New legislation".
Both the Pension Advisory Service and the Financial Conduct Authority were unaware of any such legislation.
When I challenged HL on this, their story changed and their final response was:"As you reside outside of the EEA, I am afraid that we cannot offer partial withdrawals from your HL SIPP, such as Drawdown.
The options available to access your pension are taking a full withdrawal to close the account or transferring to a provider who can offer the service that you require.
Please accept my apologies for any inconvenience this may cause."The "Inconvenience" of closing the account would have cost me ten of thousands of pounds in tax.
I won't go into the ongoing problems I've experienced trying to wrest my SIPP away from them, but at least I'll be saving plenty on fees with the company that will be getting my business.-
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Their offices:
https://www.msig-thai.com/en/contact-us/msig-branches
I've been with them for nearly 4 years. Not had to claim yet, but the service and price have been good. I don't know if he's still there, but there was a helpful English chap in the head office last time I called.
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23 hours ago, KhunBENQ said:
There are many special products that are hard or impossible to find in shops/markets.
Not everyone finds it fun to run from here to there in scorching heat.
Not everyone lives in Bangkok/has endless megamalls close by.
Certain products are way overpriced e.g. in home/DIY stores.
If one tells me where I can buy a genuine swiss army knife (Victorinox Evogrip S17) in a 100 km radius from my home, I will go there.
Otherwise I will order it online via Lazada from a dealer in Bangkok.
The best deal I could find for the Victorinox Rangergrip I bought a few months ago was on ebay. Even being delivered from France it was close to half the Thailand price.
For the op, Piyanas have some decent quality speakers. They deliver any where in Thailand.
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On 6/18/2018 at 4:44 PM, simoh1490 said:
It's been a while now so I can't be precise but as I recall the total charge is 2.2% although there is an exit fee of about 1%. I hold investment funds in the UK and I pay up to 1.7% there for a well-managed fund which typically returns around 12%, Lindsell Train Global, Baillie Gifford Int. and Fidelity Asia are three that spring to mind. I don't mind paying the charges as long as the returns are solid, which they are. I specifically invested in LTF's onshore because I wanted an onshore investment in THB rather than a hedged return on a foreign exchange. I don't buy trackers because there's only downside protection, there's no upside, all my funds beat the indices by a substantial margin which is something a tracker can never do - plus I like to have an on the ball fund manager who can swap out of a diversified holding at short notice and compensate for losses in other areas, again, a tracker can't do that.
Thank you, so,
100,000 put in that passive Lyxor tracker 3 years ago would now be worth 126,531
100,000 put in your managed fund here 3 years ago would now be worth 115,927
That 2.2% is making money -just not for you.
There's an interesting article on why people choose managed funds:
A global equity fund gives the broadest area over which a fund manager can demonstrate his skill.
A 10 year range gives him the chance to show how "on the ball" he is in different situations- any manager can get lucky for a year or two.
Data from the Spiva Europe Scorecard 2006-2016 suggests that 98% of the global equity funds marketed in Europe over this period failed to beat the global index.
If you think that your fund doing well this year will continue to do so, sorry but the chances aren't great. Data from the Index Fund Advisors suggests that of the 100 top performing funds in any year, only 9 of them are likely to be present in the top 100 the next year. The year after that it's likely to be 9 again - but not the same 9.
Changing every year to the best performing funds doesn't work, either. "Past performance is not a guarantee of future returns" is the most honest sentence in the Investment business.
"But my Fund manager's different!" may be true, I don't know. I'm sure I've heard something similar in Thailand before though.......
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27 minutes ago, simoh1490 said:
I've held CG-LTF for some time, even without making use of the tax advantage it's still returned 15% over the year: http://siamchart.com/fund-compare/LTF_EQ
I couldn't make a direct comparison between the FIF I hold and the ETFs as it hasn't been running long enough. The fund you've kindly provided a link for has been running long enough though, and suggests that your fund has averaged 7.25% pa over the last 3 years - no major difference in performance to the passive trackers.
The fact sheet on the company's own website for your fund is a perfect example of the opacity that concerns me:
Management Fee ≤1.6050% p.a.
Trustee Fee ≤0.1605% p.a.
Registrar Fee ≤0.1284% p.a.
Other Fees ≤3.4561% p.a.
That adds up to 6.35% pa they could be taking from you. I'm sure it isn't that much, but do you actually know how much you're paying them to get you roughly the same return as the foreign company charging 0.45%?
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I'm sure there are exceptions, but Thai funds generally aren't a good deal.
An ETF passive tracker is usually one of the cheapest ways to invest in funds.That may be true here but there is a disconcerting opacity to the phrase "Charges not to exceed..."
A Thailand bank I won't name has a tracker following the top 50 companies on the SET. Current charge is 0.51% but if you take an ETF with them you are agreeing to potential charges of 3.77% pa and a staggering potential 1.5% charge on the front and back ends. Bloomberg reports that it's averaged a return of 6.32% pa over the last 3 years
In comparison, an ETF from Lyxor on the Paris exchange investing in exactly the same 50 companies on the SET charges 0.45% pa . That's it. It's averaged a return of 8.61% pa over the same period.
A personal example is that I have a holding in a Foreign Investment Fund here whose main job is to buy units in a Global Equity Fund based in Luxembourg. They charge 1.5% pa for this. This FIF went up by 8.06% in the last year, which is better than a term deposit...... however:
The Fund in Luxembourg who are doing the actual research and choosing stocks charge 0.75% pa. That Fund went up by 13.98% in the last year.
Currency deviations might make a difference either way, but the bottom line is that Funds here are comparatively expensive.
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I made my first transfer with Transferwise yesterday. They charged £12.43 to transfer £2,000. The rate after deductions was 43.277 baht.
There were no charges made at this end when the money arrived today (Bangkok Bank).
I will use them again.Thanks from me also.
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http://www.thaifundstoday.com/en
This is a useful research tool. You can set the graph NAV to %age and time span to1 year to make it clearer.
You don't have to restrict yourself to Thai companies.
Try putting B-GLOBAL or SCBPGF into the search box.
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Not enough room in the trough for the extra snouts.
The Covers (musical, you idiot) Thread - Great. Good. Indifferent. So bad they're good!!
in ASEAN NOW Community Pub
Posted
A couple from the exquisite Rachael Price: