PoodThaiMaiDai Posted February 9, 2022 Share Posted February 9, 2022 3 hours ago, ChrisP24 said: I agree that this is excellent advice, however a new self-investor has got to be mentally prepared for the inevitable downturns, with a strategy in place to either ride it out, have cash-equivalent reserves to draw instead of cashing out at market lows, and be able to do some prudent (not kneejerk) rebalancing from time to time. I agree. I tell my clients you do not lose money when the market has a downturn. They only lose money during a panic sell. Link to comment Share on other sites More sharing options...
it is what it is Posted February 9, 2022 Share Posted February 9, 2022 14 hours ago, Robin said: Talk to your bank; They will have an 'asset management' department that will look after your money. I did this with my UK bank when I inherited my parents house. Sold it and out money in the bank. Since then they have achieved capital gain of about 4% p.a + dividends. They should also be able to tell you how to get income from your money with minimum tax payment. Cannot speak for OZ tax rules, but I know from experience in UK that there are experts in this field who do a good job. Nott too sure if any are regular contributors to Thai Visa. Remember: "If it sounds too good to be true, it most probably is." i would seriously advise you not to speak to your bank, far better speak to an independent financial advisor, preferably someone recommended by a friend. 2 Link to comment Share on other sites More sharing options...
GrandPapillon Posted February 9, 2022 Share Posted February 9, 2022 14 hours ago, Robin said: Sold it and out money in the bank. Since then they have achieved capital gain of about 4% p.a + dividends. that doesn't sound very effective, should be avoided like the plague ???? 1 Link to comment Share on other sites More sharing options...
GrandPapillon Posted February 9, 2022 Share Posted February 9, 2022 25 minutes ago, it is what it is said: i would seriously advise you not to speak to your bank, far better speak to an independent financial advisor, preferably someone recommended by a friend. amen to that, banks have a terrible record managing assets for their clients, 1 Link to comment Share on other sites More sharing options...
Don Chance Posted February 10, 2022 Share Posted February 10, 2022 14 hours ago, ChrisP24 said: I agree that this is excellent advice, however a new self-investor has got to be mentally prepared for the inevitable downturns, with a strategy in place to either ride it out, have cash-equivalent reserves to draw instead of cashing out at market lows, and be able to do some prudent (not kneejerk) rebalancing from time to time. Dollar cost average invest 1/4 of the money every 6-12 months. Wait for the dips. I like this guys channel, i've got some good tips from him. Very conservative and safe investing with Chuck, Link to comment Share on other sites More sharing options...
Paulaew Posted February 10, 2022 Share Posted February 10, 2022 3 minutes ago, Don Chance said: Dollar cost average invest 1/4 of the money every 6-12 months. Wait for the dips. At least one recent reputable study, reported by CNBC, has shown that lump-sum investing is a more successful strategy than dollar-cost averaging. Here is the reference: https://www.cnbc.com/2021/08/12/which-investment-strategy-is-better-lump-sum-or-dollar-cost-averaging.html Paul Laew 1 Link to comment Share on other sites More sharing options...
Don Chance Posted February 10, 2022 Share Posted February 10, 2022 (edited) btw, if you looking for a brokerage to join you can try Interactive Brokers. I think is the best with low commission. Then watch some video on how to trade. There is an office in Australia. Edited February 10, 2022 by Don Chance Link to comment Share on other sites More sharing options...
KannikaP Posted February 10, 2022 Share Posted February 10, 2022 15 hours ago, GrandPapillon said: amen to that, banks have a terrible record managing assets for their clients, And so does my experience with an I F A . All they want is their commission. 1 Link to comment Share on other sites More sharing options...
KannikaP Posted February 10, 2022 Share Posted February 10, 2022 I reply to the Headline..........SPEND IT, you do not know what is, or isn't round the corner! Link to comment Share on other sites More sharing options...
Popular Post Stocky Posted February 10, 2022 Popular Post Share Posted February 10, 2022 (edited) Strewth, I'm surprised BitCoin Bob hasn't already hijacked this thread and urged you to put it all on Splodgecoin or whatever. Personally I'd think long and hard, taking in any professional advice you can get. The global economy is in a serious dither at the moment, so ignore anyone saying boats or trains are leaving soon. . Edited February 10, 2022 by Stocky 1 3 Link to comment Share on other sites More sharing options...
steevjee Posted February 10, 2022 Share Posted February 10, 2022 I've put my hard earned with (PM me) back in Oz, 12 month term pulling around 3.85% currently. A good buddy who was in banking recommended that fund and you can elect to draw down the mthly interest Link to comment Share on other sites More sharing options...
KannikaP Posted February 11, 2022 Share Posted February 11, 2022 On 2/9/2022 at 7:05 PM, Don Chance said: A dividend of 5%-8% could easily fund your retirement Depending of course on how much your pot is to start with. 8% of £200,000 isn't that much. Link to comment Share on other sites More sharing options...
BritManToo Posted February 11, 2022 Share Posted February 11, 2022 4 minutes ago, KannikaP said: Depending of course on how much your pot is to start with. 8% of £200,000 isn't that much. 16,000GBP ....... I'm living quite happily on 12,000GBP with my family (45KBht/month). 1 Link to comment Share on other sites More sharing options...
KannikaP Posted February 11, 2022 Share Posted February 11, 2022 1 hour ago, BritManToo said: 16,000GBP ....... I'm living quite happily on 12,000GBP with my family (45KBht/month). Actually, so am I. 1 Link to comment Share on other sites More sharing options...
Kenny202 Posted February 11, 2022 Author Share Posted February 11, 2022 1 hour ago, KannikaP said: Depending of course on how much your pot is to start with. 8% of £200,000 isn't that much. I dunno, 16k is not much? 1 Link to comment Share on other sites More sharing options...
KannikaP Posted February 11, 2022 Share Posted February 11, 2022 33 minutes ago, Kenny202 said: I dunno, 16k is not much? Isn't that what I said? Link to comment Share on other sites More sharing options...
Kenny202 Posted February 11, 2022 Author Share Posted February 11, 2022 Just now, KannikaP said: Isn't that what I said? Question mark at the end of my statement. I was asking you if you really thought 16k was not much. I do.... I think you were saying 8% of 200k not much. Wish it would fall in my lap right about now 2 Link to comment Share on other sites More sharing options...
john donson Posted October 17, 2023 Share Posted October 17, 2023 all the experts here boosting how much they get or little, but zero actual information, what fund, what ETF, or is that all secret or can actually be fact checked... I have too much money in the bank, my home country give peanuts, and thai banks , a lot of THAI ONLY crap, even when I lived here 10+ years and banking with them, still wanting a certificate from immigration or embassy, for opening a savings account, like... wth Link to comment Share on other sites More sharing options...
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