Investment in Thai Lottery "Fund" through a bank

[CrossBones]

21 hours ago, chickenslegs said:

I have too much time on my hands ...

 

Surely, the highest 7-digit number is 9,999,999 - so there are a possible 10 million combinations (including 0,000,000). Then there are 42 Thai letters (if they use them all), giving a total of 420,000,000 combinations.

 

I'm standing by to be corrected.

is correct but if you can have all zeros as the number then its 10,000,000 X 42

[simoh1490]

16 minutes ago, CrossBones said:

Thanks for sharing. Thats 4.4 percent over 2 years so 2.2pc a year. Someone was telling me of one where you get one percent a month. Sounds a bit unrealistic I know

Maybe with a mutual fund yes, but not with any savings or deposit product - LTF's can produce that sort of number but there's SET risk to go with it.

[CrossBones]

8 hours ago, jackdd said:

Because a Ticket for this lottery here "costs" (it's not even a real cost) just 50 THB for 36 drawings, so just a bit more than 1THB per drawing. I assume a Ticket for the french lottery costs a bit more than 1THB per drawing.

ive got a few million to invest which I want to be able to liquidate quickly to later buy into something like the SET. (ie im sitting on sidelines).  I dont want to expose risk to any stock market now.  What can I do any ideas? (already invested in gold need to diversify, nice if I can keep half way up with the rate of inflation with low risk)

[simoh1490]

1 hour ago, CrossBones said:

ive got a few million to invest which I want to be able to liquidate quickly to later buy into something like the SET. (ie im sitting on sidelines).  I dont want to expose risk to any stock market now.  What can I do any ideas? (already invested in gold need to diversify, nice if I can keep half way up with the rate of inflation with low risk)

There are no good choices right now, especially if you want to be able to liquidate quickly, a twelve month time deposit at 1.70% is the best I can think of, can be cashed in at any time with a loss of interest.

[chickenslegs]

2 hours ago, CrossBones said:

is correct but if you can have all zeros as the number then its 10,000,000 X 42

I thought that's what I wrote.

[Brunolem]

2 hours ago, CrossBones said:

is correct but if you can have all zeros as the number then its 10,000,000 X 42

This has been discussed in some posts above.

It depends whether a same digit can be drawn multiple times or only once, something that until now hasn't been clarified.

Odds of 1/420,000,000 would be ridiculously low and really not worth playing against...

[Brunolem]

2 hours ago, CrossBones said:

ive got a few million to invest which I want to be able to liquidate quickly to later buy into something like the SET. (ie im sitting on sidelines).  I dont want to expose risk to any stock market now.  What can I do any ideas? (already invested in gold need to diversify, nice if I can keep half way up with the rate of inflation with low risk)

Regarding the SET and stock markets in general, you may have to sit on the sidelines for quite some time...who knows when the bubble is gonna pop? And who knows how long the purge is gonna take?

 

Beside gold, there are some commodities that are worth a study, notably those involved in the process of battery production...cobalt has done very well lately, there is also lithium...

[me4175]

3 hours ago, CrossBones said:

ive got a few million to invest which I want to be able to liquidate quickly to later buy into something like the SET. (ie im sitting on sidelines).  I dont want to expose risk to any stock market now.  What can I do any ideas? (already invested in gold need to diversify, nice if I can keep half way up with the rate of inflation with low risk)

You could consider a fixed income fund. E.g. google for KFAFIX from Krungsri. Decent, stable return of around 3% annually. There are many similar funds. A good source of information is Wealthmagik website, unfortunately only in Thai, but Google Translate may help.

[simoh1490]

6 hours ago, me4175 said:

You could consider a fixed income fund. E.g. google for KFAFIX from Krungsri. Decent, stable return of around 3% annually. There are many similar funds. A good source of information is Wealthmagik website, unfortunately only in Thai, but Google Translate may help.

Red lights should be flashing in the brains of people thinking about fixed income at a time of rising interest rates, not all bonds are inversely correlated to equities and great care is needed when picking them. They're certainly a long-term proposition and not a short-term one, the OP says he wants a product that can be liquidated quickly, presumably without loss!

[me4175]

2 hours ago, simoh1490 said:

Red lights should be flashing in the brains of people thinking about fixed income at a time of rising interest rates, not all bonds are inversely correlated to equities and great care is needed when picking them. They're certainly a long-term proposition and not a short-term one, the OP says he wants a product that can be liquidated quickly, presumably without loss!

The fund can be bought and sold daily, so that would satisfy the quick liquidation aspect IMHO. OP also said he wants to keep up with inflation, which is definitely the case. And if you run across a financial product which guarantees interest with no risk of loss, let me know!

[Brunolem]

16 hours ago, CrossBones said:

ive got a few million to invest which I want to be able to liquidate quickly to later buy into something like the SET. (ie im sitting on sidelines).  I dont want to expose risk to any stock market now.  

The bull just got a fresh injection of steroids and may still have some legs to run longer, and higher...

New record highs in 2018 can't be excluded, which would postpone for a while longer the day of reckoning...

 

https://northmantrader.com/2018/02/26/its-raining-money/

 

 

[Aussieroaming]

On 26/02/2018 at 9:39 AM, Brunolem said:

So you actually won the lottery...when you married!

 Actually her sister in an investment advisor with Maybank, so she gets a lot of advise. The SET is driven, forget the company economics, the prices are driven up and down by the investors pushing volume buys and trades. I earn my own income, i dont need a lottery.

[sirwilly]

Say you deposit 800000  Baht in this account. Can it be used for the yearly retirement extension at immigration, anyone know Thanks . William