mikey88 Posted August 22, 2018 Share Posted August 22, 2018 Hi... I’m interested in encouraging my partner (Thai national) to start investing....perhaps in an Index fund. A old friend recommended Vanguard.....but it seems impossible for a Thai to open a trading account online with them. Does anyone with experience in this area know of a reputable big company that’s available for Thai nationals to open online investment accounts for index funds. Many thanks for the help... Link to comment Share on other sites More sharing options...
Airalee Posted August 22, 2018 Share Posted August 22, 2018 I guess you missed the fabulous “ethical” investment opportunity that Thaivisa is now touting ? But seriously... Perhaps just a trading account such as Charles Schwab from from which you can invest in Vanguard funds. http://international.schwab.com/public/international/us_investing Link to comment Share on other sites More sharing options...
mikey88 Posted August 23, 2018 Author Share Posted August 23, 2018 Thanks for that information...much appreciated....I’ll look into it. Any other recommendations from other forum people... Link to comment Share on other sites More sharing options...
Oxx Posted August 24, 2018 Share Posted August 24, 2018 Why look overseas? There are ETFs and index funds available onshore, and they don't have the additional costs of converting THB to a foreign currency. Documentation and support are both provided in Thai, too. (Of course, a well run actively managed fund will always outperform a comparable tracker, so one could ask why the obsession with mediocre performance?) Link to comment Share on other sites More sharing options...
mikey88 Posted August 25, 2018 Author Share Posted August 25, 2018 On 8/24/2018 at 8:09 AM, Oxx said: Why look overseas? There are ETFs and index funds available onshore, and they don't have the additional costs of converting THB to a foreign currency. Documentation and support are both provided in Thai, too. (Of course, a well run actively managed fund will always outperform a comparable tracker, so one could ask why the obsession with mediocre performance?) Ok thanks ...good....I’m just exploring and looking for advice. i know very little about the matter to be honest. Who or what company would I approach in Chiang Mai about starting an onshore index fund.. Link to comment Share on other sites More sharing options...
mikey88 Posted August 25, 2018 Author Share Posted August 25, 2018 Wouldn’t an onshore index fund have exposure to Thai listed stock though...? Or am I wrong? Preferably I’d like my partner invested in a wide range of international stock. Link to comment Share on other sites More sharing options...
Oxx Posted August 25, 2018 Share Posted August 25, 2018 49 minutes ago, mikey88 said: Wouldn’t an onshore index fund have exposure to Thai listed stock though...? Or am I wrong? Preferably I’d like my partner invested in a wide range of international stock. The range of offshore index funds isn't great, but they are there. Perhaps something like this would be of interest? https://www.tmbam.com/home/en/mutual-fund-detail.php?f=144&accept=1 Incidentally, if your partner is working, there are great tax advantages in investing in LTFs and RMFs - another possible reason not to go offshore. Link to comment Share on other sites More sharing options...
Monomial Posted August 25, 2018 Share Posted August 25, 2018 Opening an investment account overseas is easy for a Thai. There are dozens of options. *Funding* an overseas investment account can be impossible unless the Thai national already has an overseas bank account. The BOT does not allow outward SWIFT remittances for this purpose. Thais are supposed to use approved Thai funds for this purpose, all overseen and approved by the SEC and central bank. Honestly, unless you know a sympathetic banker who will help your partner avoid the restrictions on outgoing SWIFT transfers, just use a domestic investment company and select from whatever they are willing to offer. You may find yourself ultimately disappointed if you try to do what you are doing. There is a reason it is not common for a Thai to do this. It is actually against BOT regulations. Link to comment Share on other sites More sharing options...
mikey88 Posted August 26, 2018 Author Share Posted August 26, 2018 On 8/25/2018 at 3:25 PM, Monomial said: Opening an investment account overseas is easy for a Thai. There are dozens of options. *Funding* an overseas investment account can be impossible unless the Thai national already has an overseas bank account. The BOT does not allow outward SWIFT remittances for this purpose. Thais are supposed to use approved Thai funds for this purpose, all overseen and approved by the SEC and central bank. Honestly, unless you know a sympathetic banker who will help your partner avoid the restrictions on outgoing SWIFT transfers, just use a domestic investment company and select from whatever they are willing to offer. You may find yourself ultimately disappointed if you try to do what you are doing. There is a reason it is not common for a Thai to do this. It is actually against BOT regulations. Ok...thanks for the advice. Its always good to hear from people who have experience in the area. My superannuation fund in Australia has investments that cover cash of course, bonds, Australian shares And international shares.. I just wondered if there was a managed fund in Thailand that had the same scope.....and what name would I look for. Link to comment Share on other sites More sharing options...
mikey88 Posted August 26, 2018 Author Share Posted August 26, 2018 On 8/25/2018 at 1:06 PM, Oxx said: The range of offshore index funds isn't great, but they are there. Perhaps something like this would be of interest? https://www.tmbam.com/home/en/mutual-fund-detail.php?f=144&accept=1 Incidentally, if your partner is working, there are great tax advantages in investing in LTFs and RMFs - another possible reason not to go offshore. thank you very much....very helpful. Link to comment Share on other sites More sharing options...
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