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Post by rgs2001uk on Dec 10, 2019 11:21:08 GMT 7
^^^^^^Moobin, sorry poor grammar on my part, I meant to say stick with the LTFs until you can find a replacement for them, if you have already identified alternatives, go for it.
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chiangmai
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Post by chiangmai on Dec 10, 2019 12:22:49 GMT 7
Thanks for the additional input. All appreciated. Chiangmai, I do tend to sit on funds and am definitely not switching regularly. I can accept the ups and downs of the funds I am holding for the most part, although there are a couple that I will divest or switch out of. So far the only fund I have sold out is the RMF and I am now re-investing that. Interesting that rgs2001uk recommends sitting on the LTFs even though I can now switch a couple of them. I would have thought I could get higher returns from other funds. I don't know who said it, but.....there's been more money lost chasing yield than any other action.....sometimes it's just better to sit on things and do nothing.
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Post by rgs2001uk on Dec 10, 2019 20:14:40 GMT 7
Thanks for the additional input. All appreciated. Chiangmai, I do tend to sit on funds and am definitely not switching regularly. I can accept the ups and downs of the funds I am holding for the most part, although there are a couple that I will divest or switch out of. So far the only fund I have sold out is the RMF and I am now re-investing that. Interesting that rgs2001uk recommends sitting on the LTFs even though I can now switch a couple of them. I would have thought I could get higher returns from other funds. I don't know who said it, but.....there's been more money lost chasing yield than any other action.....sometimes it's just better to sit on things and do nothing. I belong to the school of thought thats says, if you dont know what to do, do nothing.
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Moobin
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Post by Moobin on Dec 10, 2019 20:29:55 GMT 7
^^^^^^Moobin, sorry poor grammar on my part, I meant to say stick with the LTFs until you can find a replacement for them, if you have already identified alternatives, go for it. Ah, I understand now. Actually, that is what I am doing. I will not sell out until I have decided what I will re-invest them in.
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chiangmai
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Post by chiangmai on Dec 11, 2019 7:48:51 GMT 7
^^^^^^Moobin, sorry poor grammar on my part, I meant to say stick with the LTFs until you can find a replacement for them, if you have already identified alternatives, go for it. And you going to a grammar school too, tsk.
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Moobin
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Post by Moobin on Mar 14, 2020 17:25:23 GMT 7
Well with Covid-19 and the markets tanking, overall my investments are now running at a loss. I will just have to grin and bear it for the coming months. Hopefully things will improve and when I retire in three years, my investments should at the worst be breaking even.
I still intend to cut down the number of funds I am holding, but switching has been put on hold for a while.
Money I had put aside for further investing was used to buy land on which my I will build (actually hire someone else to build) a house to which I will retire. Caused a few raised eyebrows at the Land Department office when it was made clear that I would be joint owner of the land with my wife. They had never come across a westerner with a Thai ID card before.
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AyG
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Post by AyG on Mar 14, 2020 18:01:29 GMT 7
"Markets tanking"? No, just a modest correction, albeit not helped by having a clueless moron as Cheeto-in-Chief in the United States. With any luck President Snowflake will be gone by the end of the year and will be replaced by someone vaguely competent.
These things bounce back pretty quickly - particularly if you include dividend income which is typically not overly affected by market dips.
As for "Hopefully things will improve and when I retire in three years" I think you should be looking at your investments for long past that. The days of selling up on the day you retire and buying an annuity should be well behind us.
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Post by rgs2001uk on Mar 14, 2020 22:13:38 GMT 7
Well with Covid-19 and the markets tanking, overall my investments are now running at a loss. I will just have to grin and bear it for the coming months. Hopefully things will improve and when I retire in three years, my investments should at the worst be breaking even. I still intend to cut down the number of funds I am holding, but switching has been put on hold for a while. Money I had put aside for further investing was used to buy land on which my I will build (actually hire someone else to build) a house to which I will retire. Caused a few raised eyebrows at the Land Department office when it was made clear that I would be joint owner of the land with my wife. They had never come across a westerner with a Thai ID card before. Ha ha ha, balls of steel, a better than than me, if you aint bald now, you will be by the time its finished.
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Moobin
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Post by Moobin on Mar 16, 2020 21:19:51 GMT 7
"Markets tanking"? No, just a modest correction, albeit not helped by having a clueless moron as Cheeto-in-Chief in the United States. With any luck President Snowflake will be gone by the end of the year and will be replaced by someone vaguely competent. These things bounce back pretty quickly - particularly if you include dividend income which is typically not overly affected by market dips. As for "Hopefully things will improve and when I retire in three years" I think you should be looking at your investments for long past that. The days of selling up on the day you retire and buying an annuity should be well behind us. Actually I do not intend to sell out my investments, but once my 400 day severance pay is used up I will need to start living off the returns on my investments. I am hoping that I can go on living off the returns until I die, but realize at some point I may have to dip into the investment capital. The idea is to leave enough for my wife and son when I pop off. I will be living upcountry so do not expect to need a lot of money to live a comfortable, healthy and happy life. Even in Bangkok our current monthly expenses are only 45k. Because of possible inflation, I calculated my monthly expenditure at 70k and expect to live to about 85. According to those calculations, based on current investments (but not including the current house I own which is valued at 5m), and savings over the next three years up to retirement, there should be plenty left.
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Moobin
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Post by Moobin on Mar 16, 2020 21:36:25 GMT 7
Well with Covid-19 and the markets tanking, overall my investments are now running at a loss. I will just have to grin and bear it for the coming months. Hopefully things will improve and when I retire in three years, my investments should at the worst be breaking even. I still intend to cut down the number of funds I am holding, but switching has been put on hold for a while. Money I had put aside for further investing was used to buy land on which my I will build (actually hire someone else to build) a house to which I will retire. Caused a few raised eyebrows at the Land Department office when it was made clear that I would be joint owner of the land with my wife. They had never come across a westerner with a Thai ID card before. Ha ha ha, balls of steel, a better than than me, if you aint bald now, you will be by the time its finished. Hopefully, things will turn out okay. But my wife and I have already discussed this and both agree that there are going to be a lot of arguments during the build. So it is not as if it is not expected. It will keep me busy after retirement anyway, but maybe shorten my life by a few years with the stress.
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Moobin
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Post by Moobin on Mar 15, 2021 21:17:50 GMT 7
Well Back in December 2020 my total portfolio hit bottom with accumulated interest of only Baht 6K, but it has now readjusted to just over 2M. Switched out one LTF to increase my holding in another fund and switched another LTF to a better performing LTF.
Now I am waiting for approval from Bualuang Streaming for Mutual Funds, and will start looking into other mutual funds. At the moment I am still only with BBL, TMB-ES and UOB, but some of the others are performing better so want to get in there too. Worst investment so far was TMBPIPF, which I invested in December 2019, just before covid hit and still down 116K. B-INNOTECH has proved my best investment to date.
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Post by rgs2001uk on Mar 16, 2021 20:43:47 GMT 7
^^^ your honesty is refreshing, a report from the coal face, unlike the rubbish I read elsewhere.
Personally, I am down about 10% from this years earlier highs, but still up from this time last year.
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Moobin
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Post by Moobin on Mar 19, 2021 16:24:54 GMT 7
Anyone looked into investing in ARK-Funds? They look interesting but don't seem to have anything solid at the other end of the funds so seem a bit risky to me. But then I know nowt.
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AyG
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Post by AyG on Mar 19, 2021 16:50:56 GMT 7
^^^
And it's more than "a bit risky" - it's bet everything on red at the casino risky.
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Post by rgs2001uk on Mar 20, 2021 21:54:10 GMT 7
Anyone looked into investing in ARK-Funds? They look interesting but don't seem to have anything solid at the other end of the funds so seem a bit risky to me. But then I know nowt. Take a deep breath, walk away from the computer screen, walk to the balcony via the kitchen after having poured yourself a strong one, light up a cigarette and ask yourself, what the eff do I know about this shit? Go back to the computer via the kitchen, after pouring yourself another strong one, and hit delete on every link that mentions ARK funds. You will thank me for it later, 55555.
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