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Post by rgs2001uk on Jan 15, 2020 20:45:45 GMT 7
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AyG
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Post by AyG on Jan 16, 2020 9:52:13 GMT 7
Not sure if it was I who mentioned MWY, but I do hold it. It's managed by Baillie Gifford which for me is a big plus. I rate them over Henderson (manages BNKR) and Alliance (BUT). Incidentally, at a cursory glance it appears that BNKR and BUT are very similar both in terms of top holdings and performance. Not sure it makes sense to hold both. Anyway, out of curiosity I attach a chart of the three trusts' performance. Attachment DeletedAs for plans, I'm considering ditching my holdings in TIPS and index-linked Gilts. I'd really thought that inflation would have kicked in by now given governments' profligacy. It's looking like that's not going to happen for a few more years. I do have some inflation protection in a hefty allocation to infrastructure/property. I'm also considering cutting back my allocation to Thailand. Things have been pretty grim under the jackboot of the military, and that's not going to change for at least 4 or 5 years (and probably longer - I can't see the military wanting to allow democracy any time soon). |
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Post by Fletchsmile on Jan 16, 2020 20:13:26 GMT 7
For me this year is more of the same. No significant changes in strategy. I decreased my weightig to Thailand a bit last year and increased Asia. That will likely be for the foreseeable. I also see the UK as more interesting and GBP strengthening as Brexit get further sorted. We sold our condo least year, which I was happy to do. SO basically can sit back and chill more on the money front, as we paid most of the mortgage off on our "new" house  The mortgage was really just bridge financing while we bought one and sold another. Have a small amount left but will pay it off when the promotion period finishes - just avoiding the penalty. Last year I also simplified our investments in Thailand. Got rid of Aberdeen. The stuff we have now in Thailand is mostly Thai equity funds here and Thai property funds here. Makes sense as Thailand has the best Thai equity funds and Thai property funds. Nothing outside Thailand compares. Thailand isn't the best for overseas investments, overseas is  . As we're no longer accumulating investments/adding to savings here, just using what we have already, there's no reason to do it short term either So yes, basically more of the same too |
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Post by Fletchsmile on Jan 16, 2020 20:18:43 GMT 7
.... I'm also considering cutting back my allocation to Thailand. Things have been pretty grim under the jackboot of the military, and that's not going to change for at least 4 or 5 years (and probably longer - I can't see the military wanting to allow democracy any time soon). I did that last year as just mentioned.
The cause isn't really the government, though they don't help either.
Regardless of government I don't see the same level of potential as 10 / 20 years ago.
Part of that is that Thailand has come a long way and now will struggle to develop much further relatively in world.
It's challenged by cheaper competition contries in many areas, and at the same time can't compete on quality with the level above
Demographics are also not good from 2020 onwards. No government will change that.
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Post by rgs2001uk on Jan 16, 2020 20:55:47 GMT 7
Not sure if it was I who mentioned MWY, but I do hold it. It's managed by Baillie Gifford which for me is a big plus. I rate them over Henderson (manages BNKR) and Alliance (BUT). Incidentally, at a cursory glance it appears that BNKR and BUT are very similar both in terms of top holdings and performance. Not sure it makes sense to hold both. Anyway, out of curiosity I attach a chart of the three trusts' performance. As for plans, I'm considering ditching my holdings in TIPS and index-linked Gilts. I'd really thought that inflation would have kicked in by now given governments' profligacy. It's looking like that's not going to happen for a few more years. I do have some inflation protection in a hefty allocation to infrastructure/property. I'm also considering cutting back my allocation to Thailand. Things have been pretty grim under the jackboot of the military, and that's not going to change for at least 4 or 5 years (and probably longer - I can't see the military wanting to allow democracy any time soon). 1, never had them to begin with. 2. I came to that conclusion a few years ago,would rather have growth overseas and take the hit on the exchange rates, have mentioned it before. |
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pathumseb
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I found you at last!
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Post by pathumseb on Jan 25, 2020 16:08:16 GMT 7
Finish the course, 2/3 essays down and one distinction so far, hoping to keep that score going.
Actually this week I need to decide if I want to stay in Mongolia next week or not. Love Mongolia but love my respiratory system too, it's pretty damn useful
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Post by eldivino on Feb 9, 2020 14:37:33 GMT 7
I’ll mostly keep what I’ve been doing:
1) World ETF: Most of my savings will still go to my ETF portfolio back home. It’s just the easiest and cheapest way for someone who doesn’t have much time and knowledge.
I might reconsider my EM position — thanks for the hints in the other thread. Then that portion will just go into the existing MSCI World and/or MSCI World ACWI IMI.
I’ll also transfer money more frequently back home to be invested more.
2) Thai holdings: Unfortunately I was late with Thai LTF. They don’t seem to perform too well but at least I got the tax benefit. Let’s see where they stand in 4-5 years when I can sell them.
I won’t buy that new thing, but increased the contribution to my company’s provident fund a bit for tax benefits. I can choose what percentage goes into Thai equities vs. bonds and so far have been going all equities. Unfortunately, my employer doesn’t match my contribution, so I’ll get their x% nevertheless.
3) Actively managed funds: I’m still trying to find a way how to invest in some of the actively managed funds frequently discussed here. While I’m more of a passive funds guy, I always wanted to build a small position (say 20%) in what I consider more risky. I thought this would be either single stocks or specialized ETF (industry, theme etc.), but I’m now considering trying some of the actively managed funds discussed here.
4) Savings ratio: I wanna try to save more money. I put this on the last point of the list because I’ll probably not be able to achieve that haha.
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Post by rgs2001uk on Feb 10, 2020 21:56:16 GMT 7
I’ll mostly keep what I’ve been doing: 1) World ETF: Most of my savings will still go to my ETF portfolio back home. It’s just the easiest and cheapest way for someone who doesn’t have much time and knowledge. I might reconsider my EM position — thanks for the hints in the other thread. Then that portion will just go into the existing MSCI World and/or MSCI World ACWI IMI. I’ll also transfer money more frequently back home to be invested more. 2) Thai holdings: Unfortunately I was late with Thai LTF. They don’t seem to perform too well but at least I got the tax benefit. Let’s see where they stand in 4-5 years when I can sell them. I won’t buy that new thing, but increased the contribution to my company’s provident fund a bit for tax benefits. I can choose what percentage goes into Thai equities vs. bonds and so far have been going all equities. Unfortunately, my employer doesn’t match my contribution, so I’ll get their x% nevertheless. 3) Actively managed funds: I’m still trying to find a way how to invest in some of the actively managed funds frequently discussed here. While I’m more of a passive funds guy, I always wanted to build a small position (say 20%) in what I consider more risky. I thought this would be either single stocks or specialized ETF (industry, theme etc.), but I’m now considering trying some of the actively managed funds discussed here. 4) Savings ratio: I wanna try to save more money. I put this on the last point of the list because I’ll probably not be able to achieve that haha. Keep the faith young grasshopper, it will come. Been there done that. Bloody hell, small, 20% of your portfolio, I never went above 10% and that was always with my dividends, suppose it depends on what you consider risky. Heres one I did very well out of, www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/p/polar-capital-global-technology-class-i-gbp-income As mentioned before, I have gone for profit taking, the above cannot continue. You are doing the right thing, at least you aint one of these mugs who spunk their hard earned away on rubber plantations or coffee farms, the latest not so long back was, homestay, , another bright spark thought he was going to be knocking out pizzas in his wifes back kitchen, , I kid you not, you couldnt make this shit up. PS, no offence intended, have you popped your cherry yet? Have you been through a downturn in the markets? It aint for the faint of heart, sleepless nights fuelled by coffee and cigarettes, , that sorts out the men from the boys, and the appetite for risk, not recommended. |
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chiangmai
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Post by chiangmai on Feb 21, 2020 13:12:24 GMT 7
I had to sell 100k of CG-LTF in December because I ran out of THB, bad timing on my part since the maturity dates on my fixes all clustered around the same time, silly me. But the timing wasn't bad and I'm now glad I did reduce my holdings, even if it wasn't planned! I'm off to the Lakes again end May, Mrs CM is seeing her baked goods business boom so she's only coming over in July for a month, what a tough life eh! But I'm thinking of selling Lancaster and moving up to Kendall which is altogether a nicer proposition plus I've got some spare Pounds, we shall see....probably back again around September. I'm extremely pleased with the way my small SIPP has performed, thanks almost entirely to Fletch for his kindness, I shall have to think harder how I can repay this. Lindsell Train Global is looking dull, too big now to move with any agility they say, more likely a bad patch. I've been looking into rgs's UT choices trying to make sense of them, Monks, F&C, SM, BT and now Brunners and Mid-Wynd, there's a small tweak in the air.  ) The garden sprinkler system's all complete and working like a champ, we're approaching end Feb. and I've still got twenty metres of water, must think of a new project for next September. The diet is holding well at 83 kilo's and I feel better than I have in years, I can highly recommend. |
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Post by rgs2001uk on Feb 21, 2020 22:17:42 GMT 7
I had to sell 100k of CG-LTF in December because I ran out of THB, bad timing on my part since the maturity dates on my fixes all clustered around the same time, silly me. But the timing wasn't bad and I'm now glad I did reduce my holdings, even if it wasn't planned! I'm off to the Lakes again end May, Mrs CM is seeing her baked goods business boom so she's only coming over in July for a month, what a tough life eh! But I'm thinking of selling Lancaster and moving up to Kendall which is altogether a nicer proposition plus I've got some spare Pounds, we shall see....probably back again around September. I'm extremely pleased with the way my small SIPP has performed, thanks almost entirely to Fletch for his kindness, I shall have to think harder how I can repay this. Lindsell Train Global is looking dull, too big now to move with any agility they say, more likely a bad patch. I've been looking into rgs's UT choices trying to make sense of them, Monks, F&C, SM, BT and now Brunners and Mid-Wynd, there's a small tweak in the air. ) The garden sprinkler system's all complete and working like a champ, we're approaching end Feb. and I've still got twenty metres of water, must think of a new project for next September. The diet is holding well at 83 kilo's and I feel better than I have in years, I can highly recommend. No offence, how does moving to the uk affect your tax status? I phoned and spoke to Newcastle years ago, the main questions were, name, address, ni number, when did you leave the uk, do you own a house and do you get income from uk properties, from what i remember i would be limited to the number of days I could spend in the uk. LT, I offloaded, it was only a small holding, F&C, I will not be investing anymore with them same as Witan, they made sense at the time, and if I ever needed cash, these would be the first to offload. We are back to, not all markets will behave the same way at the same time. For me Bankers and Brunner are the unsung heroes, you aint going to get rich overnight, but you aint going to lose your ass overnight, depending on your circumstanes, you may wish to consider, www.hl.co.uk/shares/shares-search-results/c/caledonia-investments-plc-ordinary-5pwww.hl.co.uk/shares/shares-search-results/l/law-debenture-corporation-ordinary-5pI held them both a while back, they were too defensive for me. |
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GavinK
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Post by GavinK on Feb 21, 2020 22:19:12 GMT 7
The garden sprinkler system's all complete and working like a champ, we're approaching end Feb. and I've still got twenty metres of water, must think of a new project for next September. That's on my project list for this year, ideally using 'waste' water from the fish pond. Need to think the mechanics through of moving water from the pond into storage and ready for the garden. |
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chiangmai
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Post by chiangmai on Feb 22, 2020 5:33:29 GMT 7
I had to sell 100k of CG-LTF in December because I ran out of THB, bad timing on my part since the maturity dates on my fixes all clustered around the same time, silly me. But the timing wasn't bad and I'm now glad I did reduce my holdings, even if it wasn't planned! I'm off to the Lakes again end May, Mrs CM is seeing her baked goods business boom so she's only coming over in July for a month, what a tough life eh! But I'm thinking of selling Lancaster and moving up to Kendall which is altogether a nicer proposition plus I've got some spare Pounds, we shall see....probably back again around September. I'm extremely pleased with the way my small SIPP has performed, thanks almost entirely to Fletch for his kindness, I shall have to think harder how I can repay this. Lindsell Train Global is looking dull, too big now to move with any agility they say, more likely a bad patch. I've been looking into rgs's UT choices trying to make sense of them, Monks, F&C, SM, BT and now Brunners and Mid-Wynd, there's a small tweak in the air. ) The garden sprinkler system's all complete and working like a champ, we're approaching end Feb. and I've still got twenty metres of water, must think of a new project for next September. The diet is holding well at 83 kilo's and I feel better than I have in years, I can highly recommend. No offence, how does moving to the uk affect your tax status? I phoned and spoke to Newcastle years ago, the main questions were, name, address, ni number, when did you leave the uk, do you own a house and do you get income from uk properties, from what i remember i would be limited to the number of days I could spend in the uk. LT, I offloaded, it was only a small holding, F&C, I will not be investing anymore with them same as Witan, they made sense at the time, and if I ever needed cash, these would be the first to offload. We are back to, not all markets will behave the same way at the same time. For me Bankers and Brunner are the unsung heroes, you aint going to get rich overnight, but you aint going to lose your ass overnight, depending on your circumstanes, you may wish to consider, www.hl.co.uk/shares/shares-search-results/c/caledonia-investments-plc-ordinary-5pwww.hl.co.uk/shares/shares-search-results/l/law-debenture-corporation-ordinary-5pI held them both a while back, they were too defensive for me. I am now officially UK tax resident once again, I became so almost two years ago when I bought the flat in Lancaster. Earnings in my name are now less than 18k Pounds per year which means I don't pay UK tax, if I do cross the magic line I just make a contribution to a second SIPP I set up. 18K comprises 12.5 personal allowance and 6k allowed for tax free savings/divi. income. I could have played around counting days and making the case that I'm not UK tax resident but what's the point, I took the easy way out and said I'm back right from day one. A lot of my old finance is now in my wifes name plus the properties are paid for, we don't need much for living expenses any longer. And Mrs CM's bakery business has taken off like a bat out of batley, she turned over 60k baht last month in her second month of operation and the profit margin is huge, it took me by surprise....and it didn't cost me anything, that's the real surprise. She enjoys it very much, finally she's the real boss! I've got my eye on what's likely to happen to the markets also, I'm thinking it probably wouldn't hurt if I was a bit more defensive so a Witan or similar might be a useful addition. Fundsmith and LT Global seem almost redundant to me since all my profits are coming from other products plus the loss of geographic spread if I did drop them would be negligible. Ballie Gifford International is a fund I've held for many years, ever since my pension was first constructed, in the past year it's done exceptionally well. Witan is another that was there in the beginning but I dropped it and became more adventurous, perhaps time to go back to my roots. So Witan, Bankers and MidWynd are currently being looked at closely, Monks and SMT seems too big now. |
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chiangmai
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Post by chiangmai on Feb 22, 2020 5:45:57 GMT 7
The garden sprinkler system's all complete and working like a champ, we're approaching end Feb. and I've still got twenty metres of water, must think of a new project for next September. That's on my project list for this year, ideally using 'waste' water from the fish pond. Need to think the mechanics through of moving water from the pond into storage and ready for the garden. I am one of the few people in Thailand to have earned a self taught PhD in garden sprinkler systems . We have two deep wells plus klong access, one 2k liter storage tank, three pumps and 14 discharge heads along with over 200 metres of pipe work. My tips for the day include: map out your TOTAL system for performance before you start to run pipe; use the biggest pipe you can afford, nothing smaller than one and a half inch otherwise the friction loss is too great; pump to interim storage before pumping to distribution; a 2k litre tank costs 150% of a 1k litre tank, get the biggest you can afford; protect your foot valve with a filter box, especially if using dirty water; beware the effect of iron deposits on painted surfaces and equipment. Subscribe now for a useful weekly newsletter containing many tips and hints, PM for bank payment details. ) More seriously, shout if I can help in any way. |
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The mortgage was really just bridge financing while we bought one and sold another. Have a small amount left but will pay it off when the promotion period finishes - just avoiding the penalty.
. As we're no longer accumulating investments/adding to savings here, just using what we have already, there's no reason to do it short term either
