Zyzz wrote:Guess nobody knows chances of cambodian banks crashing again

khmerhamster wrote: ↑Fri Feb 16, 2024 2:49 pm

YaTingPom wrote: ↑Fri Feb 16, 2024 12:43 pm

khmerhamster wrote: ↑Fri Feb 16, 2024 11:22 am

Roryborealis wrote: ↑Fri Feb 16, 2024 8:06 am

ressl wrote: ↑Fri Feb 16, 2024 7:36 am Interesting question. For $200k with a proper interest rate, you can have a very relaxed life here on the interest itself. The problem I see is in the lack of safety mechanisms, so if the Bank or whatever blows up, your money vaporizes as well. Therefore you would need to split up very carefully. However the question remains, if one blows up, is the interest return of the remaining ones high enough to cover this loss in a reasonable amount of time.
Personally I am very conservative when it comes to money and would never, ever go into real estate. But since this bubble has just bursted, this isn't a topic for most any longer anyway.

Splitting up the money too much (or in the wrong way) can dilute the potential for overall compound interest.

Huh? No it won’t. If it you get a guaranteed return rate, having it in one bank or split over 5 banks the return and compound interest will be the same.
$1000 for 10 years at 6% compounded returns £1790 (minus tax)
Five sets of $200 for 10 years at 6% compounded returns $358 each (minus tax)

$358 times 5 is $1790

It’s the same final total, but spreading the risk makes more sense.

If it's compounded it isn't a monthly return though.

It can be. You don't have to withdraw all the interest.
But if you withdraw all interest then of course no compounding.

Zyzz wrote: ↑Mon Feb 19, 2024 5:23 am I was curious about acleda last night and i know they have branches in laos and found the 5yr fixed deposit rates are huge at 9.10% . Dont know anything about laos but maybe worth investing some instead of all in cambodia and getting a higher rate too. This wont work for me but may work for pthers.

Zyzz wrote: ↑Mon Feb 19, 2024 5:23 am I was curious about acleda last night and i know they have branches in laos and found the 5yr fixed deposit rates are huge at 9.10% . Dont know anything about laos but maybe worth investing some instead of all in cambodia and getting a higher rate too. This wont work for me but may work for pthers.

Kammekor wrote: ↑Mon Feb 19, 2024 8:48 am

Zyzz wrote: ↑Mon Feb 19, 2024 5:23 am I was curious about acleda last night and i know they have branches in laos and found the 5yr fixed deposit rates are huge at 9.10% . Dont know anything about laos but maybe worth investing some instead of all in cambodia and getting a higher rate too. This wont work for me but may work for pthers.

My guess is that's the interest rate for deposits in Laotian Kips.

Zyzz wrote: ↑Mon Feb 19, 2024 9:04 am

Kammekor wrote: ↑Mon Feb 19, 2024 8:48 am

Zyzz wrote: ↑Mon Feb 19, 2024 5:23 am I was curious about acleda last night and i know they have branches in laos and found the 5yr fixed deposit rates are huge at 9.10% . Dont know anything about laos but maybe worth investing some instead of all in cambodia and getting a higher rate too. This wont work for me but may work for pthers.

My guess is that's the interest rate for deposits in Laotian Kips.

yes just kip, dont know anything about how that converts . it said up top they accept thai baht and usd but they only showed interest rates for kip. not sure if they accept. even a 12 month fixed deposit was at 5-6 %

Zyzz wrote: ↑Wed Feb 28, 2024 7:42 pm Went in acleda today to ask some questions and either i calculated wrong or im missing something but based on these example numbers...

160k usd but converted to riels ... at 7.75% 180 months. On the cd calculator site i used it says around 1750 or 1800 before tax taken out. At acleda they were saying i should expect around 950 per month after tax taken out.

Can someone help me understand why im getting different numbers? The cd calculator site is very simple to use. Just asks for amount being deposited.. amount of time... percentage rate and i just divided that by the amount of months in the term.

Thank you