sickofit Posted December 15, 2010 Share Posted December 15, 2010 I'm planning to purchase LTF. Where should I buy? Any recommendation? I have very limited knowledge about investment. Does everywhere have the same deal?? I'm just buying it for tax purpose and little extra cash... not looking for big investment. Link to comment Share on other sites More sharing options...
hhgz Posted December 15, 2010 Share Posted December 15, 2010 What is an "LTF"? Link to comment Share on other sites More sharing options...
givenall Posted December 15, 2010 Share Posted December 15, 2010 What is an "LTF"? Hummm, Must be a code, and if you don’t know it you can’t answer Link to comment Share on other sites More sharing options...
CWMcMurray Posted December 15, 2010 Share Posted December 15, 2010 I believe the OP is talking about "Long Term Fund" ... basically if you invest in this type of investment fund you can deduct the amount invested from your taxable income upto 15% or 150,000 thb (if memory serves me right) This means if you are in one of the upper tax brackets...like 30%... you will get a tax refund of 30% of what ever you buy... and I believe you are only required to keep your money in for 5yrs to qualify. Basically buy up to 150,000 thb worth of mutual funds and get a refund of up to 45,000 thb a few months later when you file your taxes. All -in - all a pretty good deal... As for the OP's question, you should be able to pick them up at any Bank... I believe Bangkok Bank has quite a few different options for mutual funds Link to comment Share on other sites More sharing options...
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