Options to Invest 10M Baht in Thailand other than a normal Deposit Account ?

[pattayapip]

Serious Question, What options like government Bonds or something of that like to invest 10,000,000 Baht already in Country earning a measly 1% in a Bank ?
Yes i know i need financial advise, just thought there may be guys already investing and getting a better than 1% return without too much risk ?

[bkk6060]

Buy a nice Pattaya condo.

[OneeyedJohn]

Someone with 10M to invest and dumb enough to ask advice on an anonymous forum.

 

You must be effin bonkers.

[Mavideol]

marry a Thai lady 555 (joke intended)

[pattayapip]

2 hours ago, bkk6060 said:

Buy a nice Pattaya condo.

Got one already

[pattayapip]

2 hours ago, Mavideol said:

marry a Thai lady 555 (joke intended)

Got one of those too ????

[pattayapip]

2 hours ago, OneeyedJohn said:

Someone with 10M to invest and dumb enough to ask advice on an anonymous forum.

 

You must be effin bonkers.

Ahhh always someone too smart for ThaiVisa ????

all suggestions/advice is appreciated

it was an honest question, I did not say I would run to throw money away on something stupid, just wondered if anyone had similar experience to share that is all

what is so dumb about that ?

nevermind .........

[rvaviator]

Look for a business to invest in ?

[Matzzon]

Why not government bonds? Seems to me that they thai economy survives everything. ???? 

[nobodysfriend]

There are many funds in many banks to invest in ...

Here are some SCB funds : https://www.scbam.com/en/fund/index-fund/fund-information/scbset50

My banker says that now is a good time to invest in the SCB SET 50 index fund , as stock market is low now , but will recover ...

Up to you ... Me , no , I do not as I do not like to take the risk . I hang around with a meager 1% return , but at least , this is secured .

Good luck , if you ever find a secure investment that gives a better return , please keep us informed ...

 

[Oxx]

4 minutes ago, nobodysfriend said:

My banker says that now is a good time to invest in the SCB SET 50 index fund , as stock market is low now , but will recover ...

 

But when? Given the government's economic ineptitude, recovery could be many years away.

[khunnat]

buy 4 condos to let (not more than 4, starting 5 condos there's legal hassle)

 

and buy in Bangkok, not Pattaya

Edited June 29, 2020 by khunnat

[Brickbat]

Patience. There’s a crash due , then buy REITs and SET index. KBank and CIMB have REITs that have returned double digits last 5 years. 
for now, I’d be appreciating the 1% in safe ready cash . Cash will be King soon. 
 

[fxe1200]

Read this before you invest:

http://www.dpa.or.th/en/articles/view/who-is-protected

 

[jomtienisgood]

16 hours ago, bkk6060 said:

Buy a nice Pattaya condo.

Just put it into my account. 555555

[robertson468]

I read on one of the Financial Forums that Amazon, which is already rock solid are expanding into media etc and are well worth investing in.

[Max69xl]

16 hours ago, bkk6060 said:

Buy a nice Pattaya condo.

That's not a very good advise at the moment if you want to earn money.

[Max69xl]

14 hours ago, pattayapip said:

Got one already

What's the reason for the 10 million baht investment? I think during the situation we are in at moment investing loads of money isn't a very good idea unless you're a financial wizard. 

[CM Dad]

If you have extra money, why not do something to benefit Thailand and those Thais who are often forgotten.  Help fund a school for the rural poor.  Donate money to a worthy cause.  Give something back to the country you have chosen to live in that will make a difference to many, not just bring you more money.

[PatOngo]

Judging by the huge number of beer bars in Pattaya, it's obviously a highly successful growth industry, might be worth a shot! 

[Peterphuket]

You are to late now to invest in gold.

I have not regretted it.

Edited June 29, 2020 by Peterphuket

[peterpop]

I invest on the Thai stock market.  There are some good safe companies paying good dividends too but it is much more volatile than the LSE or NYSE.  Never the less money can be made but you must work at it and invest slowly, feeling the water if you are a beginner.

[Mavideol]

15 hours ago, pattayapip said:

Got one of those too ????

all sounds good then, with a little bit of luck you just got rid of half of it... if not all of it 555 

[Mavideol]

government is thinking about legalizing prostitution, maybe it's a worth a long term investment, these type of business are the last ones to suffer from market variations/flutuations

[jomtienisgood]

1 hour ago, CM Dad said:

If you have extra money, why not do something to benefit Thailand and those Thais who are often forgotten.  Help fund a school for the rural poor.  Donate money to a worthy cause.  Give something back to the country you have chosen to live in that will make a difference to many, not just bring you more money.

A good idea would be to sponsor the local bars so we all can benefit of it....55555

[khunPer]

18 hours ago, pattayapip said:

Serious Question, What options like government Bonds or something of that like to invest 10,000,000 Baht...

If it's for investment visa I think to remember that condo(s) – which you already have on of – bank deposit, and government bonds, are the options.

 

If it's for other investment than visa and extension of stay, then you could look into mutual funds, the so-called Fund Books, which are managed portfolio offered by most of the banks in a variety of options from cash, to bonds, to equity, and a mix of several. Some funds are dividend paying with dividend tax withheld, others are only accumulating. However, you pay for the management, no matter if gain or loss, often 1.5+ percent a year.

 

You might have a better investment profit if you look at SET (Stock Exchange of Thailand) and open a trading account with one of the banks. If you pick the right dividend paying portfolio you can have both a running income, with only 10 percent tax withheld, and a tax-free capital gain (SET gains are free from income tax). In average – looking at the past few years experience – a portfolio could give you 3+ percent in net dividend when placed in low risk stocks, and you might have a nice capital gain on top. Without any recommendation or predictions about future performance, I had in my portfolie stocks that both gained 50+ percent, and doubled, in capital within the past three years; until the Covid-19 crisis – they might come back up again, in total no loss apart from previous gain, so a good time to invest – however some are still 50 percent up in three years. My experience is that SET is not worse than other stock markets, and if you are going to spend the savings in baht, it's save for currency fluctuation, so in the way SET is better than foreign stock markets...????

[Oldie]

Give it to a Thai lady and her water buffalo. Your reward will be an unforgettable experience. 

[donmuang37]

Hi,

Look into Aberdeen Asset Management. A British company with SEA HQ in Singapore, and they have a Bangkok office.

 

Forget about bonds, CDs and other fixed interest.  Check out equities, specifically high quality mutual funds that have been around for a while and have a good track record. Avoid individual stocks, such as Apple, etc.  They are for more experienced investors. 

 

PM me if you have any questions.

Regards,

Don 

[natway09]

Would need to sit down & talk to get a much better picture of your circumstances before could possibly advise.

My pretty safe investments are getting an average 1.9% at present mostly tax free.

[Thomas J]

20 hours ago, pattayapip said:

Serious Question, What options like government Bonds or something of that like to invest 10,000,000 Baht already in Country earning a measly 1% in a Bank ?

Pattayapip,

 

Check with Bangkok Bank and Citibank Thailand.  They do have funds that you can invest in.  If you are a foreigner not Thai you can even have in foreign currency like USD.