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Post by eldivino on Jul 23, 2021 15:56:39 GMT 7
I’m not particularly good at reading the economy. I’m also generally cautious of the apocalyptic scenarios in social media. Yet still the bits and pieces we see at the moment and the Covid situation doesn’t look too pretty.
Is anyone here considering moving out some of his investment to another country? I would have to sell some LTF/SSF at loss and paying back the tax benefits so it’s not something I wanna do if not absolutely necessary.
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AyG
Crazy Mango Extraordinaire
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Post by AyG on Jul 23, 2021 17:21:30 GMT 7
Attempting to market time is a mugs' game. It simply isn't possible.
Over one year the SET is up 16.6% (source: Bloomberg). Seems pretty good to me. (You need to add dividends of about 3% on top of that.)
Personally, I'm not going to reduce my investments in Thailand, but again, I'm not going to increase them.
I'd say hold the course, and keep your fingers crossed for (a) regime change, and (b) the widespread rollout of effective vaccines. Both are going to happen, albeit not as soon as they should.
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AyG
Crazy Mango Extraordinaire
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Post by AyG on Jul 23, 2021 18:58:07 GMT 7
Is anyone here considering moving out some of his investment to another country? An additional thought: if you're switching from investments in Thailand (i.e. ultimately invested in Thai companies) to those in another country (presumably not invested in Thailand), you're instantly exposing yourself to FX risk. Currency pairs can, and often do, swing by 30% in a matter of months. You'd potentially be taking on a lot of uncontrollable risk - probably not what you want to do if your objective in switching offshore is reducing risk. |
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Post by rgs2001uk on Jul 23, 2021 21:38:29 GMT 7
I’m not particularly good at reading the economy. I’m also generally cautious of the apocalyptic scenarios in social media. Yet still the bits and pieces we see at the moment and the Covid situation doesn’t look too pretty. Is anyone here considering moving out some of his investment to another country? I would have to sell some LTF/SSF at loss and paying back the tax benefits so it’s not something I wanna do if not absolutely necessary. My best advice to you, ride the storm out, there is no guarantee you will get better returns elsewhere. Personally I hold no investement money in Thailand, and I cannot think of a time when I ever will, thats nothing to do with Covid. |
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Post by rgs2001uk on Jul 23, 2021 21:40:34 GMT 7
Attempting to market time is a mugs' game. It simply isn't possible. Over one year the SET is up 16.6% (source: Bloomberg). Seems pretty good to me. (You need to add dividends of about 3% on top of that.) Personally, I'm not going to reduce my investments in Thailand, but again, I'm not going to increase them. I'd say hold the course, and keep your fingers crossed for (a) regime change, and (b) the widespread rollout of effective vaccines. Both are going to happen, albeit not as soon as they should. I know people who would bite their arm off to get returns like that, without knowing the holdings and losses involved, my best advice is to hold not fold. |
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Moobin
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Post by Moobin on Jul 24, 2021 19:47:20 GMT 7
I’m not particularly good at reading the economy. I’m also generally cautious of the apocalyptic scenarios in social media. Yet still the bits and pieces we see at the moment and the Covid situation doesn’t look too pretty. Is anyone here considering moving out some of his investment to another country? I would have to sell some LTF/SSF at loss and paying back the tax benefits so it’s not something I wanna do if not absolutely necessary. As AyG says, things are likely to improve, unless there's another coup. I've got about 120K thaied up in this country of which half is LTFs bought for tax purposes. I haven't been able to sell out any LTF this year because of the tax I would have to repay (I do not believe it is worth it and defeats the purpose of the investment to begin with). However, whenever possible I sell them and invest in something with better returns. Starting from next year, I will again be able to sell approx 15k a year until I'm no longer holding any. They will have already served their purpose of tax savings. The reason for not being able to sell this year, is the change from holding from 5 to 7 years. |
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