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

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Taking a pay cut to return to the nest

  • Published: | Viewed: 1,570 | Comments: 1
  • Newspaper section: Business
  • Writer: Thai Financial Planners Association
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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%.

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