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Posted

I'm American and as a result I can't get an account with Aberdeen, which seems to be the best option. I only have a Kasikorn bank account. I want some low cost index funds and/or bonds, I'd like something similar to the vanguard index bonds and funds but it appears there are only mutual funds available (which always lose out to passive management, low fee funds). Which is the best index options available within KBK? Or, perhaps there is another option to look into?

Posted

Can I get one of those accounts with a Kasikorn bank account ? I only have Kasikorn bank funds.

NO

you said you were an American...assumed you still had a US bank account and knew people in the US who's address you could use.wub.png ......both a US address and Bank account are required to open a stock trading account with a US brokerage firm.....maybe they have international branches ....google it. Schwab apparently has one ....but don't know its requirements.

Posted (edited)

Try reading the fund fact sheets. Most of Kasikorn's funds are actually managed passively, though some allow active intervention when it seems prudent.

If you pay tax here you should consider LTFs and RMFs since these will give you a tax advantage that no other financial investment in Thailand has.

Edited by AyG
Posted

Open an account with a stock broker like Tisco or Kim Eng and trade in NVDR stocks like we have to here. Look out though. There is good money to be made but it has currency risks. There are a range of ETFs listed on the SET.

Posted

Try reading the fund fact sheets. Most of Kasikorn's funds are actually managed passively, though some allow active intervention when it seems prudent.

If you pay tax here you should consider LTFs and RMFs since these will give you a tax advantage that no other financial investment in Thailand has.

This is about the worst advice ever. Seriously dude do a little research before commenting.

There is no financial benefit for Americans investing in LTF and RMF, and secondly they create a lot of extra paperwork and form filing at tax time.

Americans are never advised to invest in foreign (nonUS) registered mutual funds because of the tax issues and the filing requirements. Better to either invest directly into foreign stocks or invest in a foreign fund that is registered in the US.

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