Moobin
Crazy Mango
Posts: 81
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Post by Moobin on Sept 1, 2022 19:18:20 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. Well I certainly dodged that bullet. Thanks for the suggestion to avoid it. AyG too.
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Moobin
Crazy Mango
Posts: 81
Likes: 46
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Post by Moobin on Sept 1, 2022 19:45:42 GMT 7
Now I've got to decide what to do with my Provident Fund when I retire at the end of this year. I can have it transferred to an RMF, cash-out, or just sit on it and pay an annual fee of Baht 500 (will still earn interest depending on the market). Obvioulsy RMF is not the way to go as I would not benefit from tax rebates being retired and it would tie up my money, and cashing out immediately without first knowing where or in what I am going to invest it is a no-no, especially as bank interest is an absolute joke. So I think it will be best to leave it where it is until I know where I want to invest it. It will be a tidy sum of nearly Baht 9 mil but based on my past investment experience I am not confident in my making good investment choices.
If you hear of any interesting mutual funds available through Thai Fund companies, a heads up would be appreciated. At the moment I am still with BBL, UOB and Eastspring, but will to invest via others. However, I am not going to offshore any of my savings so I can invest via an overseas fund manager.
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Post by rgs2001uk on Sept 5, 2022 21:03:04 GMT 7
Now I've got to decide what to do with my Provident Fund when I retire at the end of this year. I can have it transferred to an RMF, cash-out, or just sit on it and pay an annual fee of Baht 500 (will still earn interest depending on the market). Obvioulsy RMF is not the way to go as I would not benefit from tax rebates being retired and it would tie up my money, and cashing out immediately without first knowing where or in what I am going to invest it is a no-no, especially as bank interest is an absolute joke. So I think it will be best to leave it where it is until I know where I want to invest it. It will be a tidy sum of nearly Baht 9 mil but based on my past investment experience I am not confident in my making good investment choices. If you hear of any interesting mutual funds available through Thai Fund companies, a heads up would be appreciated. At the moment I am still with BBL, UOB and Eastspring, but will to invest via others. However, I am not going to offshore any of my savings so I can invest via an overseas fund manager. I concur.
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Moobin
Crazy Mango
Posts: 81
Likes: 46
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Post by Moobin on Sept 6, 2022 20:54:53 GMT 7
Well at least someone answered. I can now blow my nose and throw away my used tissues.
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AyG
Crazy Mango Extraordinaire
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Post by AyG on Sept 7, 2022 8:17:58 GMT 7
If you hear of any interesting mutual funds available through Thai Fund companies, a heads up would be appreciated. At the moment I am still with BBL, UOB and Eastspring, but will to invest via others. However, I am not going to offshore any of my savings so I can invest via an overseas fund manager. I have been very disappointed with the performance of my Thai mutual funds (specifically funds investing in Thai equities and in predominantly Thai property). Of course, that's not helped by the high charges. The 3 year annualised return has been 1.13%. Of course, one shouldn't judge these things by such short term performance. The 10 year annualised figures for the three equity funds are 6.0%, 5.6% and 10.6%. That's actually better than the SET TR return over the same period of 5.0%. At the weekend I was looking at other Thai equity funds, trying to work out whether I want to switch or not. I really couldn't find anything that looked more attractive. You can look at FIFs (Foreign Investment Funds) which would give you access to a much wider range of investments, but you end up paying a double layer of charges: the local fund manager's charges and the overseas fund manager charges. Such charges would be a significant drag on performance. Incidentally, when looking at FIFs, be very cautious about newly launched funds. They are very often based upon foreign funds which have had a short period of spectacular performance - performance which will not continue. A typical example is Krungsri Disruptive Innovation A which invests 100% in Nikko AM ARK Disruptive Innovation A. (The ARK bit should sound familiar to you.) It is down 56.6% YTD. It was launched in April of last year. Caveat emptor. You could consider opening a brokerage account here that would let you invest in stocks and ETFs overseas. Personally I make a lot of use of London-listed investment trusts which gives the opportunity to invest in a large range of sectors (but unfortunately (for me at least) not Thailand - the only Thai investment trust disappeared a year or two ago). However there would be FX transactions (THB/GBP) on purchase, sale and dividend income. The broker would handle all that for you, but each transaction would incur an additional cost.
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Moobin
Crazy Mango
Posts: 81
Likes: 46
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Post by Moobin on Sept 7, 2022 17:30:01 GMT 7
If you hear of any interesting mutual funds available through Thai Fund companies, a heads up would be appreciated. At the moment I am still with BBL, UOB and Eastspring, but will to invest via others. However, I am not going to offshore any of my savings so I can invest via an overseas fund manager. I have been very disappointed with the performance of my Thai mutual funds (specifically funds investing in Thai equities and in predominantly Thai property). Of course, that's not helped by the high charges. The 3 year annualised return has been 1.13%. Of course, one shouldn't judge these things by such short term performance. The 10 year annualised figures for the three equity funds are 6.0%, 5.6% and 10.6%. That's actually better than the SET TR return over the same period of 5.0%. At the weekend I was looking at other Thai equity funds, trying to work out whether I want to switch or not. I really couldn't find anything that looked more attractive. You can look at FIFs (Foreign Investment Funds) which would give you access to a much wider range of investments, but you end up paying a double layer of charges: the local fund manager's charges and the overseas fund manager charges. Such charges would be a significant drag on performance. Incidentally, when looking at FIFs, be very cautious about newly launched funds. They are very often based upon foreign funds which have had a short period of spectacular performance - performance which will not continue. A typical example is Krungsri Disruptive Innovation A which invests 100% in Nikko AM ARK Disruptive Innovation A. (The ARK bit should sound familiar to you.) It is down 56.6% YTD. It was launched in April of last year. Caveat emptor. You could consider opening a brokerage account here that would let you invest in stocks and ETFs overseas. Personally I make a lot of use of London-listed investment trusts which gives the opportunity to invest in a large range of sectors (but unfortunately (for me at least) not Thailand - the only Thai investment trust disappeared a year or two ago). However there would be FX transactions (THB/GBP) on purchase, sale and dividend income. The broker would handle all that for you, but each transaction would incur an additional cost. I think my earlier post lacked a bit of clarity. I actually have only a few investments in mutal funds for Thai equities, i.e. BTP, DIF, and UTSME, all of which are still in the black but not by much. All my other mutual funds are FIFs bought through Thai banks/investment companies. Like you, I have also mentioned before that these companies only start really pushing or introducing new FIFs when they are already on the up so haven't fallen for the bait. However, I did seriously mistime an investment in China. I thought it had already dropped a lot and it was probably near the bottom but it continued on its downward spiral (UCHINA down 31.14% as of 2 September (-Baht 622,893.34) and still on the way down ). I realize that there are quite a lot of fees involved when investing in these FIFs as you are paying double handling charges. However, having lived and worked in Thailand for 40 years, all my savings are here and I am wary of opening an offshore account. Anyway, I will look into what other options are available, particularly opening a brokerage account here for ETFs (thanks for the suggestion).
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