Monthly Thai investing for a luddite simpleton.

[Dragonfly]

Lulu, you are going to get rip off

please come back in this thread crying, after we told you so

[Luigi]

please come back in this thread crying, after we told you so

Will do.

[raycarey]

Lulu, you are going to get rip off

i don't think he's going to get ripped off, but it could be argued that he's entering at a frothy, high point.

[OhOh]

You may wish to "invest" a percentage in gold bars. Easily bought/sold in every Thai city, town and village. No papers, no taxes. Buy a selection, 5 or 10baht to 1kg. There is a cost of course. Currently the buy sell difference is 100THB on a 20,000 (1baht weight) probably less than thr share buy sell difference and no taxes.

Stocks are at all time highs on multiples never seen before. The risk of a collapse if not worth the possible continuing of the bull. But one can never time it.

Possible USD problems ahead, possible YUAN/Gold linkage. All point to a item to be considered.

Gold has kept "value" for many years. 10 %, 20% ....... I
suggest you may be surprised.

All I can say is owning gold has allowed me to dump 800,000 baht into my bank when needed and back into gold to when not required.

Bitcoin is showing promise but more risk and difficulties in buying, selling and taxation means it's not my choice.

[Luigi]

Cheers.

Started buying Thai gold around 2010, think it was around 18k a baht when I started. Sold up at around 26k 2 years later by sheers luck and complete coincidence.


It then plummeted to around 20k within a few months and barely moved in the 5 yrs since.


Will look into it again though and could be an option for part of the investment. Cheers.

[redhaze]

Stocks are at all time highs on multiples never seen before. The risk of a collapse if not worth the possible continuing of the bull. But one can never time it.

I would say it requires close monotoring and a clearly defined exit point. Cut your losses but run up the gains. Just be able to live with a loss if you get in at just the wrong time. Makes it a much more appealing risk/reward

Worst case with this plan is a flash crash, then nothing can save you excess losses really. But that isn't usually the way it happens...and chances are people would just start running up the prices the next day anyway in this market

Be long cash though, I think that makes a lot of sense with these prices. But put some in the market to hedge against misssing out on the gains

I'm personally about 80% cash right now, just to show where my head is at with this market

[tomcat]

Will look into it again though and could be an option for part of the investment.

...holding physical gold (as opposed to shares in gold mining companies) is more speculation than investment: useful if you need to escape a war-torn area in a boat with a store of value that others (e.g., boat owners) will accept...additionally, some gold bars can be easily stashed in a willing anus (or other body cavity) when fleeing warlords...however, the cost of storing physical gold safely in peace time may reduce its ultimate return...

[OhOh]

^^
Good luck "monitoring" stocks 24/7. Even if you do you will never beat the algos. Your stops will be taken out in milliseconds. But as we have seen "the market can only go up" :

If you are 80% cash why are you suggesting stocks?

^
I'm not sure paying somebody to "take care" of your gold bars is wise. A bird in the hand .....

[redhaze]

If you are 80% cash why are you suggesting stocks?

I'm not suggesting anything, just chatting...

Good luck "monitoring" stocks 24/7. Even if you do you will never beat the algos. Your stops will be taken out in milliseconds.

I just said a flash crash can blow you up. That's not normal though, and its silly to plan for something you can't control anyway. Certainly not a once every 10-15 year event. Plus why would you be monitoring anything 24/7 if you set a stop loss? That's the whole point of setting one in the first place

[buriramboy]

UK utilities have been hammered of late due to threats of price caps and an unfounded fear Labour will gain power and nationalise them all even monopolies like National Grid now dropped so much it is paying a circa 5% divi at current SP. Good bet for growth and income at current levels for UK utilities.

[redhaze]

That's good to know BB. Its tough to find value in this market. Any names of particular stocks you would recommend or that interest you?

[OhOh]

I'm not suggesting anything, just chatting...



I just said a flash crash can blow you up. That's not normal though, and its silly to plan for something you can't control anyway. Certainly not a once every 10-15 year event. Plus why would you be monitoring anything 24/7 if you set a stop loss? That's the whole point of setting one in the first place

Surely by diversifying one hopes to mitigate losses,isn't that a plan? You may be correct but as we are at a 10/15 year high in stocks and you yourself are 80% cash, just enquiring.

Try claiming a stop when the market bypasses your stop request and your broker can't find a bid.

[redhaze]

Try claiming a stop when the market bypasses your stop request and your broker can't find a bid.

You're aware you can set a range with your stop right? Set a stop limit where your stop kicks in at a specified value then give it room to run. Not many circumstances where you are going to run through a stop like that if you set it up correctly, and again more to the point why would you worry about a situation that you can't do anything about anyways? Makes no sense...you're talking about a flash crash.

Surely by diversifying one hopes to mitigate losses,isn't that a plan?

Its not really a plan for when the whole market crashes, which sounds like the situation you are describing. Its certainly not a plan when you own an index fund that may be diversified across the entire market or a broad sector but still drops all at once as one collective value during a fast moving downturn

[tomcat]

I'm not sure paying somebody to "take care" of your gold bars is wise

well, you could stuff the gold into a fish and put it in your freezer. Or keep it in a safety deposit box...I didn't mean giving it to your brother-in-law in Khon Kaen for safe-keeping...

[jabir]

I would say it requires close monotoring and a clearly defined exit point. Cut your losses but run up the gains. Just be able to live with a loss if you get in at just the wrong time. Makes it a much more appealing risk/reward

Worst case with this plan is a flash crash, then nothing can save you excess losses really. But that isn't usually the way it happens...and chances are people would just start running up the prices the next day anyway in this market

Be long cash though, I think that makes a lot of sense with these prices. But put some in the market to hedge against misssing out on the gains

I'm personally about 80% cash right now, just to show where my head is at with this market

Gonna dive right in when it hits new highs?

[OhOh]

Stuffing it food not a good idea. My wife would think Budha had answered her prayers.

Ever tried getting to your "safety" box when the bank doors are shut, either out of hours or government decreed closure, all at the expense of the customer. Cyprus/Greece might come to mind and those are allegedly developed countries

"If you can't hold it, you don't own it"

[tomcat]

"If you can't hold it, you don't own it"

I think a number of thieves would find that notion enticing...

[redhaze]

Gonna dive right in when it hits new highs?

No. Think you've kind of missed the point. Gonna go ahead and bold it below

I'm personally about 80% cash right now, just to show where my head is at with this market

[redhaze]

Ever tried getting to your "safety" box when the bank doors are shut, either out of hours or government decreed closure, all at the expense of the customer. Cyprus/Greece might come to mind and those are allegedly developed countries

"If you can't hold it, you don't own it"

Buy a fireproof safe, bolt it into concrete. Problem solved.

[stroller]

We have a large garden, gold doesn't dissolve during the rainy season floods.

[redhaze]

Note to self: Buy digging equipment

[OhOh]

^^^

You've seen Thai concrete floor construction?

^^
Physical no, certificates of ownership, yes.

Watch out for nesting dragons.

[tomcat]

Physical no, certificates of ownership, yes.

...better idea...assuming those who honor the certificates are open for business when you need them...

[stroller]

lulu...if you do go that route, i recommend that you confirm whether or not there is deposit insurance.

With our local farmers coop, there is the word of the district chief that it's sound and audited yearly...
I don't trust it, but missus got a savings plan with them. She's frequently called upon to 'guarantee' when someone wants to borrow from the fund, as she seems to be one of the few members not already in debt well over their ears. She doesn't own a pot to piss in...

It has worked fine so far and will as long as they make their payments within a reasonable time.


Oh, and I just sold an Aberdeen Asian fond, because it wasn't going anywhere.

[Pragmatic]

It has worked fine so far and will as long as they make their payments within a reasonable time.

With farmers cooperatives borrowers use their land paper to guarantee payback. Whereas with the teachers, police, nurses etc cooperatives the loan is taken directly from their monthly salary until the loan's paid off.