Sadly never got around to opening a Foreign Currency Account and been here a few years working for an International Company in Asia, salary paid directly into UOB Thailand bank Account
(Used to be sent to UK but Barclays ripped off so much in conversion that i changed it to my UOB account and stopped losing maybe $500+ per Month in rate exchages)
Been very wary of all financial people after losing 40% of my QROP Pension transfer invested in a Fund that went broke !!
(LM Investment Management Managed Performance Fund Global Bond Portfolio )
Anyway, Long story short, have ended up with just cash deposited in savings account, paying very little interest, have been working on a plan using just drawdown as the criteria . . .
Am sure people here have multiple methods for creating a bit more interest than just a fraction of a % ?
Money seems to be trapped here as has been drip fed from Salary payments, and never in one go with the TT3 or whatever it is that you can then use to transfer back out, although i do have 1 TT3 for around 6M that was used to buy a Condo
I obviously am not interested in anything high risk (its enough it is here already) and considering options for part of the savings (Maybe 10/15M Baht) that is safe (ish-er) that would give me a little better return ?
Sure a few will think it is crazy to post something like this here, but also possible from reading replies and advice i may be able to pick something suitable that will help.
I really do welcome sensible replies please and am asking for help/thoughts that might help me with this, it is a genuine situation seeking genuine helpful replies
Thankyou