Taking a pay cut to return to the nest | Bangkok Post: business

Business > Finance

Taking a pay cut to return to the nest

  • Published: | Viewed: 1,571 | Comments: 1
  • Newspaper section: Business
  • Writer: Thai Financial Planners Association
- +

I was very interested in the bond laddering strategy you recommended to the gentleman with a 40-million-baht problem last week. I was wondering if you could advise me on an issue. 

I am a young corporate executive in Bangkok and considering returning to work for my family business in August or maybe year-end. I make 160,000 baht a month (120,000 after taxes and 90,000 after expenses and 60,000 after automatic LTF purchases), plus some commission. I have 3.5 million in liquid assets (cash and stocks not including LTF). Should I wait to return at year-end, when I have 5 million baht saved up?

I'd also like your advice on where I can invest my money so that once I leave this job, I will have enough to live off so I do not have to draw on family funds. I am comfortable with 30,000 baht a month but can get by on 20,000 as well. It seems I will need a return somewhere in the range of 7-10%.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

1 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments