Retirement planning
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- Expatriate
- Posts: 1758
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- Location: Australia
Re: Retirement planning
Good advice. Live in the west and take long holidays in the east. Full time in Cambodia can be fraught unless one is very patient. It can be mind numbingly boring, then again so can the west.
- armchairlawyer
- Expatriate
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Re: Retirement planning
This is an interesting question. If the bank or MDI is a separate company then it is bankruptcy remote from its parent. It may well still be safer, however, because of the moral hazard issue for the parent. Actually, Canadian banks have serious problems of their own due to the housing market in Canada, but NBC (owner of ABA) is rated A+ by Fitch. Amret has the IFC as one of its major shareholders which is better than any commercial bank. Hatha is 100% owned by Krungsri Bank of Thailand (rated BBB+ by S&P). Prasac shareholding is split 3 ways between Bank of East Asia (A- S&P), LOLC (a Sri Lankan conglomerate) and the Prasac staff association. Sathapana is 100% owned by Maruhan, a Japanese company that operates pachinko parlours. Maruhan has a BBB rating.
Re: Retirement planning
I understand these interest rates are tempting, but “Don’t do this.” At least, I would not.Bibi wrote: ↑Mon Jun 03, 2019 10:58 am Stay in your country until you get your full pension. Then, move to Cambodia, put your 230,000$ in a good bank or MFI (some have European or Canadian shareholders which make them safer). MFIs like Amret will give 7.5% p.a. on a 3 years commitment and can pay the interest monthly.
The reason why Cambodian MFIs and banks pay substantially higher interest rates on USD deposits than the US does is that the risk is substantially higher.
(Country Risk, MFI default risk, no deposit insurance, repatriation risk...)
As per the OP that sum is his entire investments!
Personally, I would not consider anything more than 10%. and only after proper research.
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