A good investment for Thai Baht?

[Nereus]

As this appears to have turned into "find a bank' discussion the following should be noted.
The original Bangkok Bank near Soi 55 is the same as many old Bangkok Bank buildings around Thailand.
It is built over an underground carpark, and the only way to get inside is up endless stairs, which I, and many others, can no longer manage.

There is another "branch" outside of Boonthavon, which also has stairs, but just a couple, which even I can manage. The last time that I was in there a very good English speaker was only too happy to help me.

[HHTel]

That's one of the reasons I hated going to the main BKK bank branch. Having gone down the slope and maneuvered your car into a space, then it was a real trek to get into the bank.

[handdrummer]

Go to the main branch of Bangkok Bank in Hua Hin and ask - also ask to give you the paper work to open an account with their stockbrokers in Bangkok named Bualuang Securities PCL. They did all this for my wife andn sent the papers onto Bualuang.

Do you mean the branch next to MV?

No, the the one in town about opposite Kasikorn Bank after soi 55 Chomsin Road coming from south

Thank you.

[handdrummer]

As this appears to have turned into "find a bank' discussion the following should be noted.
The original Bangkok Bank near Soi 55 is the same as many old Bangkok Bank buildings around Thailand.
It is built over an underground carpark, and the only way to get inside is up endless stairs, which I, and many others, can no longer manage.

There is another "branch" outside of Boonthavon, which also has stairs, but just a couple, which even I can manage. The last time that I was in there a very good English speaker was only too happy to help me.

Thank you, the stairs would be an issue for my wife.

[buksida]

Something to be aware of for JASIF investors ...

All eyes on AIS after JASIF resolution
Advanced Info Service's (AIS) plan to acquire fixed broadband provider Triple T Broadband (TTTBB) and invest 19% in Jasmine Broadband Internet Infrastructure Fund (JASIF) is now shrouded in uncertainty after JASIF unitholders rejected AIS's proposed amendments to optical fibre cable (OFC) rental agreements between TTTBB and JASIF.

The market is watching AIS's response to the resolution, following a meeting of JASIF's unitholders on Tuesday.

https://www.bangkokpost.com/business/24 ... resolution

Thailand loves its monopolies ...

[handdrummer]

Jasif is also investing in one of the NFT's and that has brought down Jasif's value.

[buksida]

Bumping this ... does anyone have any other investment tips for THB (can PM if you don't want to post)?

Interest rates here are non-existent so savings are a waste of time, gold/commodities markets appear manipulated, and property is illiquid and restricted. Haven't dabbled in Thai stocks, but they too appear manipulated and controlled by insiders and whales.

Having money in Thailand does appear to be a devaluing dead duck.

[berlinmichael]

Another option for investment is property with a guaranteed return. I've looked at the Carapace development on Khao Tao beach. They have studio apartments at 3.1M baht with a 5% return guaranteed for five years. The project is complete and operates also as a hotel managed by Best Western. The return is certainly attractive when compared to interest rates from banks, for example, though how solid the actual guarantee is and what happens after five years are open questions...

[buksida]

Very skeptical about promises made by property developers. The returns are dependent on a guaranteed rental market ... which is not guaranteed. Another problem with property (aside from the ownership/legal issues being a farang) is that it is illiquid - how many condos are there for sale in Hua Hin?

[Dannie Boy]

Can you invest back in the UK?

[Nereus]

The best investment that you can make with Thai Baht is to go to a shipping company and hire a container for you goods and chattels; then a travel agent and buy an air ticket out!

[buksida]

Can you invest back in the UK?

Sort of ... sending THB to WISE to take advantage of their interest rates on GBP and USD is a good option.

The best investment that you can make with Thai Baht is to go to a shipping company and hire a container for you goods and chattels; then a travel agent and buy an air ticket out!

[Benroon]

Another option for investment is property with a guaranteed return. I've looked at the Carapace development on Khao Tao beach. They have studio apartments at 3.1M baht with a 5% return guaranteed for five years. The project is complete and operates also as a hotel managed by Best Western. The return is certainly attractive when compared to interest rates from banks, for example, though how solid the actual guarantee is and what happens after five years are open questions...

Aren't those 'guaranteed returns' added to the price you purchased at, they're simply giving you your money back whilst earning interest on all of it themselves up front. I mean why not just reduce the price by that amount?

I looked at those Carapace appartments and the ones on the bottom with pool access were all snapped up by one guy I was told! Dozens of them.

Back on track anyone holding those JASIF investments, how are they performing now?

[Benroon]

Can you invest back in the UK?

Yep - Bonds now paying 6%+.

[Dannie Boy]

Can you invest back in the UK?

Yep - Bonds now paying 6%+.

I wasn’t sure whether you had to be “UK Resident” to invest?