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Post by Deleted on Aug 30, 2015 16:37:54 GMT 7
I wouldn't mind transferring some cash into Thailand, and using it to play the Western stock markets, in partic the UK. I have an account with BKK Bank, and I read they have a share dealing service.
It's also in my mind to open another account with HSBC Hong Kong which will handle international payments I receive. I could just go ahead and use their service, but I like the idea of having money spread around ( Singapore is also in my thoughts ). However - as I spend a fair bit of time in Thailand, I like the idea of having a wee bit of capital in the country, hopefully making me money. ( I'm prepared to invest £25,000 - £50,000 in the Thai account, nothing that will break the bank ).
What d'ya think? Stoopid idea? or is there are reliable Thai service I can use?
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Post by Fletchsmile on Aug 31, 2015 9:01:04 GMT 7
If you're going to invest in Western markets in individual shares then Thai stockbrokers are not really a good way to do it. The number of Thai stockbrokers offering decent access to western equity markets is limited. Services are also targeted at Thais invested over seas and not always easy to open for foreigners. In addition trading fees for western markets tend to be higher than you would pay in UK or Singapore.
So in summary: If you want to invest in Thai stocks then Thai brokers make sense. If you want to invest in unit trusts/mutual funds with exposure to foreign and western markets then Thai asset managers/brokers/ banks can also make sense. But for individual shares western equity markets it's usually best done from outside Thailand.
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Post by Fletchsmile on Aug 31, 2015 9:19:53 GMT 7
Both Singapore and HK are decent places to keep money outside the UK and invest in western equity markets. I currently use my bank Standard Chartered to invest in: Australian, Singapore, European (Germany and France), US and UK share markets. Stan Chart's platform isn't that great - very crude - and their back office service isn't great if needed either. The main advantages for me is that trading can all be done online and importantly I can link it to AUD,EUR,GBP,SGD,USD bank accounts and shift money back and forth easily on line. Also I use Standard Chartered as a bank in Thailand and this helps a little with some things, although Thailand knows nothing about Singapore equity trading Commission fees are decent and suit the amounts you mention ball park 0.2% with no minimum. So reasonable up to trades GBP 5k or 10k a time. If dealing say 50k a time then somewhere doing flat fees could be more cost effective. For US stocks they've stopped their service of allowing you to take advantage of tax treaties (via W8-BEN forms) to reduce witholding tax (WHT) on dividends - could previously be reduced from 30% to 15% as a UK or Thai resident. So I wouldn't recommend the for US shares which pay reasonable dividends. It handles the basics though. It's OK for basic investment to buy and sell mid -longer term, not for day trading where timing and decent platforms are critical. here's a link to Stan Chart Singapore's website on equity trading: www.sc.com/sg/invest/equities-trading.html?pid=S:SCBMN:N:SG-P:IEQ-M:O-R:NA-L:NA-O:NA-D:141101-10002167HSBC also offer a share dealing service but not all available online and some needs phone orders from Singapore. They no longer have decent retail banking in Thailand www.hsbc.com.sg/1/2/personal/investments/securities-trading-servicesUOB Singapore are worth a look. You could again open bank accounts as well as share trading with UOB as a solid Singaporean bank. UOB also have bank branches in Thailand which could help a little if transferring money from Singapore to Thailand or getting them to look at a global relationship. Thailand will no nothing about Singapore equity trading tho' www.uob.com.sg/personal/investments/securities/overview.htmlCheers Fletch  |
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Post by Deleted on Aug 31, 2015 13:54:40 GMT 7
Excellent stuff - thanks very much, Fletch
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