Seeking advice on portfolio

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#41
Hi Guys
It's funny how our mind/attitude works..earning more money from stocks,bonds etc. Think that the best risk free investment given cschua's scenario is to pay off bank mortgage first ! A $ saved (in interest) is more than a $ earned.Stocks/bonds move in cycles but mortgage interest don't
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#42
(16-11-2013, 12:54 PM)Patrick Lim Wrote: Hi Guys
It's funny how our mind/attitude works..earning more money from stocks,bonds etc. Think that the best risk free investment given cschua's scenario is to pay off bank mortgage first ! A $ saved (in interest) is more than a $ earned.Stocks/bonds move in cycles but mortgage interest don't

His current mortgage interest should be pretty low, likely around 1-1.5%pa. It should be relatively easy to beat that rate.

Maybe when the mortgage interest raise above 4%, then I will consider whether should I pay off my own mortgage, or continue with investment.
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#43
Depend on the investment experience and time/effort
of individuals.

If cannot make 2.6% pa consistently, better pay off mortgage.
Or no time to do homework on investments.

Although having fully paid house does helps a bit on investment
psychology. Eg your mortgage won't screw with your mind when mkt crashes.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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#44
(16-11-2013, 02:04 PM)opmi Wrote: Depend on the investment experience and time/effort
of individuals.

If cannot make 2.6% pa consistently, better pay off mortgage.
Or no time to do homework on investments.

Although having fully paid house does helps a bit on investment
psychology. Eg your mortgage won't screw with your mind when mkt crashes.
Agree psychology is very important.
My psychology:-
My maths is elementary. So as far as possible i try to be debt free. i feel in this way everything i own or have is really mine- now. And not the banks or some debtors. If i can not make more than 2.6% in my investment, so be it.
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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#45
(15-11-2013, 08:42 PM)pianist Wrote: What documents is required to open Thai baht deposit account in Thailand? I have rmb deposits and FD accounts opened in various parts of china some years ago enjoying the appreciation and higher rate. But because our dear ica now shortened our passport expiry to 5 years. Dunno next time I go back with my new passport, will they recognise me?

As a foreigner on a tourist visa, you need a Thai citizen to vouch for you. However, the account will be in your name only.

  1. Passport
  2. NRIC (make sure they record it down and photocopy it because passport number changes)
  3. Thai Citizen (with identity card)
  4. Thai Baht

There is an application fee of 200 baht for ATM card.
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