How would you invest?
Re: How would you invest?
Guess nobody knows chances of cambodian banks crashing again
- newkidontheblock
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Re: How would you invest?
What are the chances of the Chinese bank crashes spreading to Cambodia? Chinese banks have basically slow walked all withdrawals. Withdrawal over $70, require a teller, which requires an appointment, which takes 3-5 hours for a transaction.Zyzz wrote:Guess nobody knows chances of cambodian banks crashing again
If any Cambodia is primarily funded by a Chinese bank, there is a risk that the Chinese bank might want its money bank in a hurry.
Hypothetical worries, of course.
Re: How would you invest?
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.
Re: How would you invest?
Right, but I think the OP made it clear that's what he wanted.khmerhamster wrote: ↑Fri Feb 16, 2024 2:49 pmIt can be. You don't have to withdraw all the interest.YaTingPom wrote: ↑Fri Feb 16, 2024 12:43 pmIf it's compounded it isn't a monthly return though.khmerhamster wrote: ↑Fri Feb 16, 2024 11:22 amHuh? 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.Roryborealis wrote: ↑Fri Feb 16, 2024 8:06 amSplitting up the money too much (or in the wrong way) can dilute the potential for overall compound interest.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.
$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.
But if you withdraw all interest then of course no compounding.
Re: How would you invest?
I remember people boasting about the returns they got from Icelandic banks - even local authorities in the UK had money with them, around a billion quid of public funds that it took years to get any amount backZyzz 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.
https://www.theguardian.com/business/20 ... ath-spiral
Re: How would you invest?
My guess is that's the interest rate for deposits in Laotian Kips.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.
Re: How would you invest?
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 %Kammekor wrote: ↑Mon Feb 19, 2024 8:48 amMy guess is that's the interest rate for deposits in Laotian Kips.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.
Re: How would you invest?
The kip lost 19% to the USD over the last 12 months so even though the interest rate looks feasible it's a very bad deal.Zyzz wrote: ↑Mon Feb 19, 2024 9:04 amyes 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 %Kammekor wrote: ↑Mon Feb 19, 2024 8:48 amMy guess is that's the interest rate for deposits in Laotian Kips.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.
Re: How would you invest?
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
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
Re: How would you invest?
I believe your calculations are wrong. It appears your monthly take to be around $1,000, give or take, per month.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
Are you compounding the interest?
And a 15 year CD?
Last edited by Kenr on Wed Feb 28, 2024 7:57 pm, edited 1 time in total.
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