Search found 4 matches

by Direwolf
Fri Mar 22, 2024 5:06 pm
Forum: Ask the Expats (Questions & Answers)
Topic: How would you invest?
Replies: 72
Views: 6137

Re: How would you invest?

[/quote] About the compounding, you could deposit the interest in a separate deposit. It's a bit of a hassle, every year again, but that way you can more or less compound. Don't forget they will deduct income tax from your interest, so 7.6% doesn't mean 38% in 5 years time. About the KHR, do you kno...
by Direwolf
Fri Mar 22, 2024 8:38 am
Forum: Ask the Expats (Questions & Answers)
Topic: How would you invest?
Replies: 72
Views: 6137

Re: How would you invest?

No, I don't trust Cambodian bank with my money for a five year period. I am reluctant for one year, but at least then I have the chance to make another assessment each year. Plus, one of the major reasons to keep your term deposits at one year is the fact that Cambodian banks or MDIs don't compound...
by Direwolf
Thu Mar 21, 2024 10:43 am
Forum: Ask the Expats (Questions & Answers)
Topic: How would you invest?
Replies: 72
Views: 6137

Re: How would you invest?

I recently made some fixed deposit 5yo with Canadia USD 6.25% KHR 7.60% most of the money is in the USD, because I thinkt it's possible one day they could remove the fix rate USD-KHR with the latter losing so much. What is your opinion on this? You choose the deposit only based on interest rate? 5 ...
by Direwolf
Wed Mar 20, 2024 4:50 pm
Forum: Ask the Expats (Questions & Answers)
Topic: How would you invest?
Replies: 72
Views: 6137

Re: How would you invest?

I recently made some fixed deposit 5yo with Canadia
USD 6.25%
KHR 7.60%

most of the money is in the USD, because I thinkt it's possible one day they could remove the fix rate USD-KHR with the latter losing so much.

What is your opinion on this? You choose the deposit only based on interest rate?