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18 minutes ago, Brewster67 said:

The pound bounced back once Thailand closed its borders to all foreigners. Massive drop in demand for the THB.

 

I don't mean to be nit picky but the Pound didn't move, USD fell.

EDIT: sorry I'm wrong, I read your post incorrectly, my error.

57 minutes ago, Brewster67 said:

I was watching the Keiser report the other day and Max Keiser (and he knows economics) suggested that this could see virtually the whole world hit the print button.

This would be a great opportunity to have a global reset because most governments are over extended by conventional standards and most will suffer a hit to GDP.

20 minutes ago, Oxx said:

Back in early 2016 I designed a portfolio for an elderly woman living in Thailand.  It was designed to be "invest and leave", and conservative.  At the time I backtested it for 5 and 10 years.  The weighted 5 year annualised return then was 10.5%.  It now yields 3% - a bit less than the OP wants, but as a non-UK resident, there's no capital gains tax to pay, so functionally capital gains are equivalent to income.  The extra return (taking the yield up to 4%) was to be taken from annual rebalancing.  It's all Investment Trusts and ETFs available on the London Stock Exchange, so easy to invest in.

 

I attach the details as something to provoke thought.  Note that I've updated the yield and Morningstar ratings, but not the comments (which are now a bit inconsistent).

 

Whilst I might make minor adjustments to the individual instruments (e.g. these day I tend to use Lyxor, rather than iShares) I believe the basic idea is still sound.

 

Sample Portfolio.pdf 56.37 kB · 3 downloads

I hold only two of your ten, JPM EM and Witan, both are very sound holds for me personally although I have a 15% stake in JPM EM.

I also hold L&G US Index which is all I need to cover off the US market and saves lots of time trying to find US funds that have consistently outperformed the benchmark.

My best performer and long term favorite hold is Baillie Gifford Int which I've held since 2004 and is very reliable, it's also top of my recovery pack at present and is only 2.5% down. The joint FM's are two of the best in the business and the level of global diversification means they can switch between key regions easily.

On the bonds front I opted for  Royal London Sterling EY and Man GLG strategic, both took a hammering in the past few weeks but Mann less so than RL.

For Asia coverage I use First State Asia which has an excellent reputation and track record.

I wouldn't swap any of the above for any reason I can see, I have a couple of others that need reconsideration but not the above, LT and Fundsmith being two, both of which seem to have become too big and unwieldy.

I would add that I am by no means even close to talented in this area, the above recommendations to me came by way of a trusted and highly respected friend.

13 hours ago, Brunolem said:

There is going to be a run on these banks... by the people waiting in long lines to collect their 5,000 baht. 

 

I have seen it many times in the past, and it lasts for days. 

 

Meanwhile the bank tellers enjoy a well deserved break, because next week is gonna be very hard for them. 

The term, "run on a bank" has a specific meaning and I don't think you mean that, it means account holders queuing to empty their accounts because they think the bank may go out of business.

All flight arriving as per the schedule, the airport is NOT closed.

https://www.chiangmaiairportonline.com/flight-status-arrivals-departures/

As I recall only emergency treatment is free of charge at anywhere other than the patients designated hospital, once stabilized the patient is I believe then required to have any follow up consultations or work done at their designated hospital...how the refund process works I don't know.

24 minutes ago, bert bloggs said:

I am sure they are heartbroken when their currency goes up and ours goes down 

What I had intended to convey was that other posters would want to know the reason why "the Pound shot up" as you  put it, in fact the Pound didn't do much at all, the Dollar sank. People care about that because it's good to know if in fact your own currency is getting stronger or whether it's in the pan already and the other half of the pair just sank further, that sort of knowledge is more than just a little bit useful in making sound financial decisions.

That is truly scary.

1 minute ago, bert bloggs said:

Pound has shot up against the dollar this weekend

The US Dollar Index fell by over 1% so USD weakened.

1 hour ago, darksidedog said:

I think you missed my biggest point being that whether they are any good or not, doesn't matter when there aren't any to buy. It matters not if it is 1% effective or greater when you can't get one due to insufficient supplies and people buying every one they can find, preventing others from being able to do so.

Makro are aware there is a shortage, so not the wisest of moves it could be argued.

As for suggesting it was a Thai bash, I disagree. A Makro bash and a bash at the global stupidity with what is seeming more and more like, just another flu, only not as lethal as previous variants. It is just another example of extreme over reaction.

Anyone who says they can't find a mask has not been trying or looking hard enough, you may have to pay more than you should but they are out there. We got so tired of paying over the odds for them that my wife made a few heavy duty cotton ones that have removable insert filters, 3M Filtrette works well and is rated for PM 2.5.

2 minutes ago, scubascuba3 said:

During the previous financial crisis, in the UK it took 3 months for me to get refunded for money i had at Icesave, so it's not a quick process

In post 158 above I refer to an article that states:

In outline the article says that DPA can refund money to depositors within 30 days using PromptPay. 

I did some digging on the issue of refunds from DPA and came across an article in the newspaper whose name cannot be mentioned, google, DPA Pursues BOT nod to process refunds if you want to read it.

In outline the article says that DPA can refund money to depositors within 30 days using PromptPay. 

8 minutes ago, gk10002000 said:

Jesus you love to attack people.  You are guessing on the process.  You are presuming it is similar to tax refunds.  Many if not most Retiree expats probably are not working so trying to compare to a tax refund system is pure conjecture. So whether one understands the process or not, and you certainly do not understand it because the process is unknown is a valid reason to think it could be a loss.  Do you think any part of Thailand infrastructure strongly favors Foreigners?

There's no attack there I'm simply commenting on what you wrote, are you feeling delicate and fragile this morning or what!

Yes I'm guessing on the process, I said it was at the start so that dimwits would know it was guess and not a statement of fact. I offered my GUESS as to how DPA refunds might be issued using the current Thai tax refund method which works equally as well for foreigners as it does for Thai people, it's just a GUESS, if you have a different guess let's hear it.

4 minutes ago, Winders67 said:

Divorce her in the uk id be mad she wants to live here and get free money from me 

What if she divorces you in the UK, that would be the same thing and she could do that. And since the child has a UK passport I guess her getting residency is not a far fetched idea.

17 minutes ago, gk10002000 said:

and exactly how would one get the money?  800k baht direct deposited in some bank account you give them?  Would you get a paper check?  What if not in country at the time or for a while?  I think it would be a loss for many more than one might think

My guess is that refunds would work in a similar manner to tax refunds, the customer is sent a notice which they then take to a bank to confirm their identity and a money card is issued, that card is then used to withdraw funds from the card via an ATM. If a person is not in the country to receive that letter they will probably need to contact DPA, provide evidence of who they are and get a copy of the letter that way. 

Just because you don't understand precisely how the refund process would work is not really a valid reason to think it would result in loss, is it? 

It sounds as though the wife does have a visa to remain in the UK and is on holiday there yet the child has a UK passport?

Also, when you say you're married does that mean you were legally married at an Amphur in Thailand or something else?

If those things are true:

You could divorce the wife under UK law but then there's the issue of custody which would be complex I reckon, either way you would loose up to 50% of your UK assets and possible child support as well, assuming you don't get custody.

Your wife could divorce you under UK law and the same would apply, custody and maintenance would be big issues, she only needs a tourist visa to get to the UK to begin that process or perhaps it could be done remotely, I don't know.

Thai divorce laws are not dissimilar to UK divorce laws, assets are split 50/50 and maintenance is required for young children.

Don't think for one second that you can ship her back to Thailand, divorce her in the UK and that will be the end of the matter because she has plenty of options.

Not your business, move on and forget.

13 minutes ago, Chazar said:

its  not as  dangerous  as  driving daily  in Thailand if I check the death rate for  both in the next 6  months, theyre  gonna  need  at least 12000 deaths

A person has a choice whether to drive on the roads or not, they have little choice in whether they frequent places where others are.

4 minutes ago, Nakdontree said:

arrrrrrgh, there are still people around who believe that today's banking system works as it did 200 years ago. ????‍♂️????????‍♀️

Lending money nowadays has nothing to do with money deposits. These are two completely isolated types of transactions.

With all due respect, please learn about Fractional-reserve Banking and about Money Creation

then come back here and try again.

We're all aware of what fractional reserve banking is, that's not the issue being described here. The issue is the spread between the rate of interest paid to retail banking customers and the rate of interest charged to them to borrow funds for mortgages etc, in Thailand that spread is massive.

5 minutes ago, Brunolem said:

When this pandemic will be over, they will discover that they have destroyed the world economy for a virus no more lethal than the flu...

 

A typical example of "act first, think later" which has become the motto of our civilization.

 

Do you really think that just because the corona virus is no longer classified in the same category as ebola or lassa fever that it is not a massive danger to life, as such  do you really think the current actions are not warranted......really, you really believe that!

7 minutes ago, BritManToo said:

It's not as if the Thai banks books are full of defaulting home loans and repossessed properties still valued at the full outstanding loan amounts is it.

 

There's so much outstanding credit in Thailand, that something could very easily give IMHO.

Non-performing loans Thailand, including consumer mortgages.

https://www.nationthailand.com/business/30382364