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    1. 45

      Reasons of change

      Your logic is a bit odd, bro. What you are talking about is like feeding stray dogs that expect everyone to give them roast beef sandwiches without doing anything. I downloaded Grab one day after my now wife and I asked 10 taxis to take us home (30 minute trip) and use the meter. Now I only use Grab or Bolt. If a taxi stops and asks me where I am going, I ignore them. If they are persistent, I tell them to F off. It's funny because it's true! I totally agree. How does that work?
      keysersoze276 in Pattaya
    2. 45

      Reasons of change

      Admittedly, I took a regular taxi today. Only because I was standing outside a hopsital on crutches with a broken leg. One of the hospital staff members told the driver where I was going and helped me into the car. Foolishly, I assumed it was legit. two blocks down the road I notices he hadn't turned on the meter. He asked for 500 baht. I refused. He begged and also begged to take the tollway which cost 110 baht and took 12 minutes longer than taking the main roads. They are required by law to use the meter. If most of them are breaking the law and overcharging, why use their service. And why in the h@!! would you tip them? I rarely tip because they rarely use the meter with no questions asked. In those rare circumstances, I let them keep the change or give a small tip. With the driver today the total was 322. NOT 500. As I was transferring the money and he demanded and begged for 400, so I tipped him the exact amount. Regular taxis should be grateful to even have a passenger. Not overcharging and refusing to use the meter or denying people rides. Both actions are illegal and the public has been encouraged to report the drivers.
      keysersoze276 in Pattaya
    3. 93

      Why Are You Even Here? The Surprising Attitudes of Some Expats in Thailand

      Erm, no!
      JamesPhuket10 in ASEAN NOW Community Pub
    4. 45

      Reasons of change

      This is exactly why taxis and grab drivers have been in so many very violent brawls. The Grab drivers must do their job according to the price. They get to choose to accept and pick you up or not. You can tip them if you like, but they cant overcharge or demand tips like taxi drivers do almost every time.
      keysersoze276 in Pattaya
    5. 93

      Why Are You Even Here? The Surprising Attitudes of Some Expats in Thailand

      Oh no, not another one please, no it is not standard for Thai women to be the dominant partner, that job is left up to American women as I saw on the two occasions I worked in the USA. My Thai partner cooks both Thai and Farang food at home and she and I decide ourselves what we each want to eat. Have you not noticed a large number of Western restaurants all around Thailand, they are frequented by Thais mostly as they are well outside of the tourist areas.
      JamesPhuket10 in ASEAN NOW Community Pub
    6. 112

      Thai Police Bust Multi-Million Baht Sex Toy Smuggling Ring

      did they smuggle it in the country through varioud bodily orifices?
      digbeth in Thailand News
    7. 45

      Reasons of change

      Your logic is a bit odd, bro. What you are talking about is like feeding stray dogs that expect everyone to give them roast beef sandwiches without doing anything. I downloaded Grab one day after my now wife and I asked 10 taxis to take us home (30 minute trip) and use the meter. Now I only use Grab or Bolt. If a taxi stops and asks me where I am going, I ignore them. If they are persistent, I tell them to F off. It's funny because it's true! I totally agree.
      keysersoze276 in Pattaya
    8. 45

      Reasons of change

      Your logic is a bit odd, bro. What you are talking about is like feeding stray dogs that expect everyone to give them roast beef sandwiches without doing anything. I downloaded Grab one day after my now wife and I asked 10 taxis to take us home (30 minute trip) and use the meter. Now I only use Grab or Bolt. If a taxi stops and asks me where I am going, I ignore them. If they are persistent, I tell them to F off. It's funny because it's true! I totally agree.
      keysersoze276 in Pattaya
    9. 6

      Thai woman sends husband to prison for raping 13 year old niece

      Her actions in reporting the crime will (hopefully) result in him being sent to jail, so not totally inaccurate.
      shy coconut in Isaan News
    10. 45

      Reasons of change

      Your logic is a bit odd, bro. What you are talking about is like feeding stray dogs that expect everyone to give them roast beef sandwiches without doing anything. I downloaded Grab one day after my now wife and I asked 10 taxis to take us home (30 minute trip) and use the meter. Now I only use Grab or Bolt. If a taxi stops and asks me where I am going, I ignore them. If they are persistent, I tell them to F off.
      keysersoze276 in Pattaya
    11. 112

      Thai Police Bust Multi-Million Baht Sex Toy Smuggling Ring

      hmmm
      fondue zoo in Thailand News
    12. 10

      Why Doesnt "Me Too" Apply to Democrats?

      He doesn't deny it happened https://nypost.com/2024/10/11/us-news/doug-emhoff-brushes-off-reports-he-forcefully-struck-ex-girlfriend-as-a-distraction-in-first-public-response-to-allegations/
      Yagoda in Political Soapbox
    13. 123

      Why Do You Even Drink?

      I'm pretty much done with alcohol and coffee now. Neither of them do much for me anymore.
      shdmn in ASEAN NOW Community Pub
    14. 93

      Why Are You Even Here? The Surprising Attitudes of Some Expats in Thailand

      You are right to a certain extent, the funny thing is according to the majority of Thais we all come from the same country, which is "farangLand", it does not matter if we are Russian, English, American, etc we are all farangs, we all have the same culture, I find it funny so don't take it as I am complaining. Also, the article is a little bit simplistic, there are lots of overlapping cultures in Thailand, the Thais in the south see themselves as completely different culturally to say the people from Isaan and vice versa, they even have completely different dialects and languages and would not understand each other if they were speaking in their local dialects to each other. I laughed once as I knew an Australian in Phuket for a few years and he went to Thai language school a few times a week, after a year he said he had learned a lot of standard Thai but it was not much use with his wife and her friends as they all spoke Laos (Isaan) to each other. Well-off Educated Thais do not mix with the less educated ones unless they are "conchies" (spelling?) working for them, even then, they eat at different tables as is the case when they are on a car trip with a Thai full time driver and they stop to eat. I have seen that firsthand on many occasions. In the late 1980's I was sitting in a very large house in Bangkok, it was owned by the ex-vice-president of Thailand, we were there to invite him to our upcoming marriage ceremony in Bangkok, a "conchie", came into the room with a tray of refreshments for us but saw we were sitting down so she got on her knees, walked on her knees across the large room and presented us with the drinks, I was shocked but the ex-president took it as being normal. Do Thais become very British for example when they live in the UK for decades, do they fit in and learn how to talk straight, become orderly and logical, do they heck like, they take what suits them just as the rest of us do, I have also seen this first-hand many times. So as long as we accept we will never be seen as or be accepted as a Thai, have to continue to get annual visa extensions, and 90-day reporting then all is fine but I do not intend to sit and look through rose-tinted glasses thinking I have been accepted as a local, that will never happen. But as I said I have accepted this as a fact, nowhere in the world is perfect, 99% of life here is great. Leave your wealth, and money in your home country as it is almost guaranteed we will have to go back there when very old, don't do as many do and burn the bridges to the only country which will look after them to some level when that old age point arrives.
      JamesPhuket10 in ASEAN NOW Community Pub
    15. 0

      How to I get rid of this new left hand sidebar?

      I don't like it and don't want it.
      shdmn in Forum Support Desk

Dropped by financial adviser (according to Transact)

AyG
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AyG Platinum Member

AyG

Posted
Posted

I've just received a letter from Transact (fund wrapper) that I no longer have a financial adviser and that they are going to increase their commissions dramatically. I've had no communication from my financial adviser to that effect.

Has something similar happened to anyone else recently? And can anyone explain why this might have happened?

I know there have been a lot of silly changes recently brought about by government meddling. Rather ludicrously, rebates from fund managers are now no longer credited as cash, but as investments in cash or gilt funds. Now to reinvest these I have to sell the investments, wait a few days, and then make a purchase. Could similar meddling be responsible for my losing my financial adviser?

I'm a bit perplexed.

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fletchsmile Platinum Member

fletchsmile

Posted
Posted

I'm not that familiar with Transact AyG. The difference I see compared to the platforms I use is that they also target financial advisors at the same time as customers.

Did you have a financial advisor before or were you your own FA and just using the platform?

What I can say though is that since they brought in all these RDR rules there have been a lot of irritating changes such as you mention. I use Hargreaves Lansdown for their platform as well as linking to stockbroking great service, and being able to discount initial charges to zero and receive loyalty bonuses. I manage accounts for myself, brother and sister-in-law and mum. All the changes seem to just have created annoying extras to the time I spend on things, eg

-Instead of receiving a small loyalty bonus as a % of the annual management charge being rebated, I now get charged a fee (about 0.45%) to my income account, but get a higher loyalty bonus, but end up net net with the same or a bit better rebate. So instead of say 0.6% fee going to HL and them passing on 0.15%, I get 0.6% and pay a fee.

-Annoying that the fee comes out of my income account affecting divs I want to reinvest, instead of the capital account, so I have to mess around a bit. If not enough cash they will sell units of the largest fund etc.

- Fund managers are creating different classes of units for the same fund "inclusive" = old style and unbundled = "new style" with the main diff.

One by one they're just annoying little time wasters and inconveniences. I was quite happy as an educated investor before RDR. There are also a few teething problems sometimes, eg messes up performance histories and stats, as well as timing diffs between paying fees and receiving rebates

Likely that Transact are also going thru similar adjustments.

I'm just monitoring things to see how it goes and how HL deal with it. Not their fault and they seem to be doing their best to be fair but it ends up more work for me. If someone comes up with a simpler and cheaper option I'll consider it. But given 20+ years with HL I have some loyalty and prepared to give them a chance, and have already given feedback which they always accept constructively.

Cheers

Fletch :)

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