Krungsri Interest Rates

[Keeps]

48 minutes ago, CallumWK said:

 

Another investor who has only winners

Anyone who claims they have only winners is full of BS (unless tracker in the US market). 

 

I'm still sitting on some absolute shockers but luckily, small(ish) punts (sub £5k) and I'll let them ride for a while and hope for bounce back (with a combination of not worth selling, and nobody likes to admit they made a mistake after investing after doing supposed due diligence). Some were looking good then they go tits.

 

Some of the 'shockers' I've got are Seeing Machines, Strix Group and Synththomer. Well down but not going to kill me. 

 

However, I've had some fantastic results with larger investments. I started buying into Next PLC around 2000 when the price was around £7. Reinvested Divis and occasionally topped up with work bonuses and the price now is around £100. Also have a few 4 timers and 5 timers through US smaller company funds, UK smaller company funds (which are probably worth a punt now in my humble opinion with reducing interest rates and the election out of the way) and Global equity funds. In addition, have the UK individual shares paying high dividends.

 

Certainly can't win them all but diversification is the key. And I keep at least 3 years cash for when times are not great. Everything bounces back eventually and normally rises. 

[CallumWK]

1 hour ago, proton said:

 

Never said I did, the new one is the online account. You open the Mee Tai Dai in branches. They are different accounts.

 

Keep arguing mate, I gave you correct information.

 

Mee Tae Dai has a branch version that pays 0.9% , and an online version that pays 1.5%, and can only be opened by Thai nationals.

 

 

First you said it had the same name, but was online, then you changed it to it has another name.

 

Since you obviously don't appreciate any help, you're now on my ignore list.

 

 

 

 

 

[proton]

4 hours ago, CallumWK said:

 

Keep arguing mate, I gave you correct information.

 

Mee Tae Dai has a branch version that pays 0.9% , and an online version that pays 1.5%, and can only be opened by Thai nationals.

 

 

First you said it had the same name, but was online, then you changed it to it has another name.

 

Since you obviously don't appreciate any help, you're now on my ignore list.

 

 

 

 

 

 

You must be pretty bored, I am not arguing with anyone, I cannot help you if you do not understand English. I have a good idea what the WK stands for  Some of the snowflakes on here!

[scubascuba3]

3 hours ago, proton said:

 

You must be pretty bored, I am not arguing with anyone, I cannot help you if you do not understand English. I have a good idea what the WK stands for  Some of the snowflakes on here!

Something wrong with that guy, another one always looking to argue

[NedR69]

16 hours ago, Foxx said:

 

This is an oft repeated fallacy.  You need to factor in exchange rates.  It wouldn't take much of a shift in the GBP/THB exchange rate to wipe out any potentially higher returns from investing offshore.  In fact, the existence of arbitrage means that you would expect to get exactly the same return from both onshore and offshore deposits.

That exchange rate goes both directions. Transfer in when favorable.

[john donson]

19 hours ago, scubascuba3 said:

That's why it's better to leave money abroad where rates are higher, I'm currently getting 4% in UK, higher available

 

GREAT ADVISE. as you will lose at least  2% when moving your money back, so a year for nothing...

[john donson]

18 hours ago, CallumWK said:

 

The difference is that the 1.5% one is for Thais only

 

disgusting, ...  dirty farang money, right...   but the 0.9%  was better then the 0.05% kbank gave for years for my 800k

[john donson]

so great investors, where to you keep your money (investments) that give magical 3,4,5, 10% return a year

 

it always stays quiet when it comes to give answers to that...

 

my home country give only 2.8% on a santander account, while in the UK it is 4 or 5

 

how the hell is that even possible or legal ?

[Liquorice]

20 hours ago, scubascuba3 said:

That's why it's better to leave money abroad where rates are higher, I'm currently getting 4% in UK, higher available

As opposed to only 2% in Thailand.

Now, just remind me how much the agent fees are for your annual extension because you don't keep sufficient funds in Thailand to meet the criteria.

[CallumWK]

6 hours ago, scubascuba3 said:

Something wrong with that guy, another one always looking to argue

 

How much are baked beans these days?  Still not affordable at 59 baht?

 

[jphasia]

I have one of this Mee Tai Dai account since few years. Open in the branch, not online. I am not to remember but I think when I open it that time, the interest were up to 1.5% for max 1 million, then drop to 0.9% above 1 million.

I went to the branch recently and they me that now, for this account (not online), the 1.5% interest is for max 100k balance. The online one is restricted to Thai only.

At the meantime, i have the similar online account with SCB (I think it's easy something) when you get 1.5% up to 2M. No bank book. The interest are paid monthly. Better than nothing...

[Hamus Yaigh]

17 hours ago, Foxx said:

Oh, please pay attention.  It isn't 2.2% - it's gone down to 2.0%.  And as for S&P 500 funds, the S&P is trading at a P/E ratio of 27 suggesting it's seriously overpriced, and it is heavily invested in a very narrow range of tech companies.  NVIDIA 7.2%, Apple 6.7%, Microsoft 6.2% are the top three holdings.   NVIDIA's P/E ratio is 68.6, Apple's 36.8, and Microsoft 34.7.  The level of growth implied by these figures is almost certainly unobtainable.

And finally there's the foreign exchange risk.  So, whilst the S&P has done very well over the last few years, there's no reason to assume that that level of performance will continue, and plenty of reasons to assume it won't.

Try not to be so condescending in your replies, with the "Oh, please pay attention"s.  Whether or not the S&P is overpriced or not (at the moment) does not matter a jot. Back-test any period of time in recent history over your lifetime and the returns are always better in the stock market and more capital efficient than fix term deposits.

[AndreasHG]

21 hours ago, Foxx said:

What is odd is that the rates for 24 month and 26 month deposits are the same 2%

 

I guess you meant 24 and 36 months. This happens because a further decline in rates is expected further down the line.

[scubascuba3]

3 hours ago, john donson said:

 

GREAT ADVISE. as you will lose at least  2% when moving your money back, so a year for nothing...

don't be silly, you must go to the BM Foxx school of economics

[scubascuba3]

2 hours ago, Liquorice said:

As opposed to only 2% in Thailand.

Now, just remind me how much the agent fees are for your annual extension because you don't keep sufficient funds in Thailand to meet the criteria.

I don't pay agent fees, anyway it's only 12,500 baht, can't you afford that?

[scubascuba3]

2 hours ago, CallumWK said:

 

How much are baked beans these days?  Still not affordable at 59 baht?

 

you don't understand price elasticity of demand, go back to school