Investing in SET with TSD foreign investor portal

[CrossBones]

Hi

Im still trying to figure out if now is a good time to invest 10 to 15 percent of my net into the SET.

 

Ideally I want to buy a basket of shares, forget about them and receive dividends and the price going up. I understand its free of tax for Thai residents.

 

How can I do this? Through a Bank? ETFs dont usually pay dividends though right?

 

I came across this https://www.set.or.th/tsd/en/tsd.html

 

Thanks

[simoh1490]

Perhaps take a look at LTF's (Long Term Funds) and you can buy these directly from the banks, the target is to double in value every seven years. They are managed funds comprising up to 50 different holdings that are traded daily, you can offset fund fees against Thai tax but if you do that you'll get hit if you sell within seven years,  if you don't take the tax deduction there's no liability to tax period. Here's a site that ranks LTF's, I hold UOBCG-LTF which has done very well. Note: Fees are higher here by comparison to the West. http://siamchart.com/fund-compare/LTF_EQ

[Oxx]

2 hours ago, CrossBones said:

ETFs dont usually pay dividends though right?

 

Not sure where you got that idea from.

 

You might be interested in the ETF "1DIV".  It currently yields 7.5% and pays dividends monthly.

 

https://www.set.or.th/set/companyprofile.do?symbol=1DIV&ssoPageId=4&language=en&country=US

http://www.morningstarthailand.com/th/etf/snapshot/snapshot.aspx?id=0P0000TY2D&ClientFund=0&LanguageId=en-TH&CurrencyId=THB&UniverseId=ETEXG$XBKK&BaseCurrencyId=THB

[CrossBones]

On 11/03/2018 at 4:08 AM, simoh1490 said:

Perhaps take a look at LTF's (Long Term Funds) and you can buy these directly from the banks, the target is to double in value every seven years. They are managed funds comprising up to 50 different holdings that are traded daily, you can offset fund fees against Thai tax but if you do that you'll get hit if you sell within seven years,  if you don't take the tax deduction there's no liability to tax period. Here's a site that ranks LTF's, I hold UOBCG-LTF which has done very well. Note: Fees are higher here by comparison to the West. http://siamchart.com/fund-compare/LTF_EQ

im confused. There are no taxes for funds based on thai stocks right?

[Oxx]

1 hour ago, CrossBones said:

im confused. There are no taxes for funds based on thai stocks right?

 

Wrong.  Income tax is payable on dividend income.  This can either be withheld (10%) when the dividend payments are made, or declared on your annual tax return.

 

See, for example, https://www.set.or.th/en/regulations/tax/tax_p1.html