Investment Question

For those wiser the me, thats a lot of people.

Today at SCB Bank I was approaced by the branch manager to place funds is a 90 day mutual fund. At 3.5% tax free

Minimum Investment 10K baht No guarentee.

Good Deal?

What are the pit falls?

Read the prospectus Ray.

I have money invested through Ayudhya Fund Management. It is linked to my savings account at Ayudhya Bank. I can buy and sell on the internet. Ayudhya Funds (AYF) has dozens of mutual funds: money market funds, bond funds, stock funds and mixes of them. EVERYTHING YOU INVEST IS AT RISK. Many of the funds are doing better than 20% this year.

What the manager at SCB probably offered you was a time deposit that is available at all the banks. It's probably as safe as the money in your savings account, but he should be able to explain the risks and advantages to you. For something with no guarantee I'd opt for greater gains, but I'm a bit of a gambler.

Good luck!

Thanks

I get 2% tax free on any amount over 5000bht with instant assess at Tisco Bank in Udon. It used to be 3% but the bank reduced the bank rate.

I spotted a poster in the SCB (Siam Commercial Bank) today quoting an interest rate of 2.6%.

But with Uk offshore banks and building societies 6.50% - 6.60% gross is readily obtainable on deposits in pounds sterling. For dollar denominated accounts I note that the rate is about 4.80 - 5.10% (Nationwide Dollar tracker account).

Or if you are into Euros - 4.35 - 4.05%.

Arjay
It was just for the ready here I was referring to.

Investment with a small i.