uncletiger

Hi Neeranam. Thank you for your suggestion. I actually have sufficient exposure to both Bitcoin and XAU at this point in my portfolio. At this point, I am really looking to hedge my exposure to a USD collapse without increasing exposure to other assets. I view Bitcoin and gold for long term wealth preservation. What I am trying to do now is protect future cashflow.

Hi Buick. Thank you for your reply. Yes, I do have a derivatives account from a broker here in Thailand that allows me to buy and sell USD futures. And if I was going to long the dollar I would understand how this works. I just don't have any experience at shorting an asset, and I am trying to understand the basic concept. Clicking on a button to buy is easy, but how do I short a TFEX symbol when it isn't in my portfolio?

Hi Husker. Thanks for your opinion. I don't buy insurance because I expect to have an accident though. I buy it in case there is a catastrophe. This is no different. I'm looking to protect myself in case the worst really does happen. The argument stands irrespective to the probability of it becoming reality. So I'm still looking to protect myself against this possibility.

I am currently working on a project that is specified in USD, and I don't expect payment until around September. The amount is around $25K USD. I am concerned the USD will not survive that long. By "not survive" I mean lose 80% of its value or more vs. the Thai Baht. I'm not asking anyone to agree with me, and I don't believe this is a certainty by any stretch, but I think the chance of this happening in today's environment is high enough that I need to take it seriously. My question: What options are there, from Thailand and only using Thai financial instruments, to hedge $25K for 6-9 months? I do have a derivatives account with a brokerage here in Thailand that I use for gold futures. But hedging against a falling USD is well beyond my limited financial experience. In particular, I've always gone long on things. I've never been in a position where I wanted to short anything in my life, but it seems like that is what I need to do now. Can anyone recommend the best and cheapest way to lock in today's exchange rate on USD that I don't expect to receive for at least another 6 months? Assuming derivatives are the answer, the kind of information I am looking for is what products I should be interested in trading, what those symbols are, what is the minimum value and margin of the contracts, do I need to do anything like set up stop losses and if so how, etc. I know that going long on a future is as simple as typing in a symbol and pressing "buy". What is involved in the opposite process? Do I simply type in a symbol and press sell for something that isn't in my portfolio? Please phrase your responses as if you are speaking to someone who is not stupid but is inexperienced and somewhat naive about the details. Also please remember my ultimate goal. I'm not trying to get rich through high risk activities. The goal is merely to lock in today's exchange rate and no longer worry about fluctuations. You may assume for the sake of this discussion that it is certain I will receive this money before the end of the year, and I am OK if the USD appreciates against the THB and I wind up losing out on the value of any appreciation vs. today's exchange rate. Thank you for any information .

In May of 2021 I purchased a new Emaux SSC25 salt water cholorinator from Winwin Pools. I thought it came with a 2 year warranty, but now Win Win is telling me it was only 12 months. In any case, in what is clearly a manufacturing defect, the silicon rubber protecting the iron terminals fell off, leaving the iron exposed directly to the salt water. The iron terminal subsequently disintegrated, leaving me with a useless cell. Winwin pools will not accept any responsibility for this, and I do not have 20k+ to pay for a new cell that would be in perfect condition if not for the defect. Leaving aside my anger at Winwin for this situation, is there any way to repair the damage to the cell? The iron disintegrated all the way up inside the plastic cap, so it is not clear to me that it can be welded. Does anyone have any experience with this, or can you suggest a way I can use this chlorinator? I didn't sign up to pay 25,000 baht every 20 months for faulty equipment. Does anyone know anything about Emaux? Do they have a reputation for caring about their customers, or am I just SOL? Any advice is appreciated.