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Post by rgs2001uk on Mar 27, 2018 21:05:19 GMT 7
You mentioned before about liquidating funds and the time lapse.
On 7 March I instructed Alliance to sell and put the proceeds to my bank.
Downloaded instuction details from website, went to PO in the Mall Bang Kapi, was offered two choices, express (900 baht) or normal (40 baht) service, I chose the latter.
Yesterday, 26 March, my bank informed me, money had been depostited into my bank account, in the interim AT also kept me informed.
Just about to do an online tx of the proceeds to my Thai bank account, should be here by Friday.
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Post by Fletchsmile on Mar 28, 2018 17:25:00 GMT 7
 What was the investment? Is it not something you could do online? Nearly 3 weeks ?? Have sold a fair few Thai based investments recently - all unit trusts held in our daughters names with Tisco as I was fed up with them. Basically everything I'd set up over the last 12 years was stuffed up by Stan Chart not being "here for good". For the sales, those automatically credited to the account took about a week. The annoying ones they send a cheque to us for because of issues with Tisco's systems took a bit longer. All within 2 weeks though. |
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Post by Fletchsmile on Mar 28, 2018 17:27:05 GMT 7
BTW I'm still waiting to finish my online order for IPE, after selling HDIV. I still have managed only 1 share Not to be underestimated on investment trust bonds - the hassles of getting a decent price and lack of liquidity. What might be the case on the bond investment trusts like HDIV and IPE is that because the funds are small at c. 150mn pounds, liquidity is poor. At the moment I think people buy and just hold. That's why they trade at a premium. Not particularly because they are low cost - they aren't, or because they have stellar performance, but just liquidity is thin and at the moment as people seek yield there are few sellers compared to buyers. Would be interesting to know what would be the case if the bond market crashes |
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Post by rgs2001uk on Mar 28, 2018 21:19:48 GMT 7
What was the investment? Is it not something you could do online? Nearly 3 weeks ??Have sold a fair few Thai based investments recently - all unit trusts held in our daughters names with Tisco as I was fed up with them. Basically everything I'd set up over the last 12 years was stuffed up by Stan Chart not being "here for good". For the sales, those automatically credited to the account took about a week. The annoying ones they send a cheque to us for because of issues with Tisco's systems took a bit longer. All within 2 weeks though. I offloaded 14,000 shares in Alliance Trust, correct, almost 3 weeks, thats becuase I was too tight to pay the 900 baht express fee. On receipt of the sale instruction, it took about one week for the sale to go ahead and the proceeds deposited into my bank account. On line, , have you seen how "anal" some of these comapnies are, eg two addresses, their inhouse system cant handle it. |
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