Retirement planning

Ask us anything. Cambodia Expat's Online has a huge community of long term expats that can answer any question you may have about life in Cambodia. Have some questions you want to ask before you move to Cambodia? Ask them here. Our community can also answer any questions you have about how to find a job or what kind of work is available for expats in Cambodia, whether you're looking for info about Phnom Penh, Siem Reap or anywhere else in the Kingdom. Don't be shy, ask CEO's members anything!
willyhilly
Expatriate
Posts: 1397
Joined: Sun Jan 17, 2016 7:11 am
Reputation: 230
Location: Australia
Albania

Re: Retirement planning

Post by willyhilly » Mon Jun 03, 2019 11:21 am

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.
User avatar
armchairlawyer
Expatriate
Posts: 674
Joined: Sat Aug 29, 2015 1:43 pm
Reputation: 205
Cambodia

Re: Retirement planning

Post by armchairlawyer » Mon Jun 03, 2019 3:10 pm

Bibi wrote:
Mon Jun 03, 2019 10:58 am
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.
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.
yongchi
Expatriate
Posts: 65
Joined: Tue May 08, 2018 1:00 pm
Reputation: 36
Cambodia

Re: Retirement planning

Post by yongchi » Mon Jun 03, 2019 8:37 pm

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.
I understand these interest rates are tempting, but “Don’t do this.” At least, I would not.
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.
Post Reply Previous topicNext topic
  • Similar Topics
    Replies
    Views
    Last post

Who is online

Users browsing this forum: frank lee bent, Google Adsense [Bot], stupid-barang and 173 guests