WEALTH CARE
Holiday investing, Retiring on the cheap and splitting up
- Published: 26 Nov 2012 at 00.00
- Newspaper section: Business
I've heard a lot of financial products being introduced for the LTF/RMF shopping season. I have hundreds of thousands of baht as a budget, can bear risk at a certain level and can invest long-term. Can you advise me?
_ NarongANSWERED BY...Teera Phutrakul, CFP, Chairman, TFPA Procrastination is a difficult disease to cure. During the first 10 months of this year, the SET index rose by almost 25%. I often wonder why investors wait until December to buy these funds. A better way to invest is to adopt a dollar cost averaging (DCA) technique, whereby you invest a fixed amount every month. There's no point in trying to time the market. People in your income bracket should make full use of the tax deduction limits of 15% of your gross income or a combined limit of 30% if you buy both LTF and RMF funds.
I plan to retire in Uthai Thani. I have US$70,000. How do I make a return that will allow me to live moderately?
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