Regardless of what you invest in, risk increases if you buy at too high a cost, and it rises further when investing all your capital at once. To reduce risk, follow these three steps: 1) Choose quality assets with long-term potential, not fleeting trends or hype. 2) Conduct a valuation and purchase only when you have sufficient margin of safety. 3) Diversify your risk appropriately.
The first steps to earning and building wealth: ● Plan your savings and spending. ● Start planning for retirement now. ● Don’t rush into taking on debt. ● Don’t rush to get a credit card, but if you do, always pay on time and in full. ● Invest only when you’re ready—meaning you’ve accumulated sufficient capital and have at least a six-month emergency fund in place.
It’s time to overhaul the BOI—establish clear performance metrics that go beyond merely investment promotion amounts and also encompass the following: 1) Employment creation 2) Technology transfer 3) Use of Thailand-based supply chains, no less than 90% 4) Environmental impact 5) Investment promotion must be balanced with tax incentives that provide fair value
If you want dividends, holding Thai stocks is much better—dividend yields are significantly higher, at 5-8%, and they’re not hard to find. Plus, if you time it right, you can also score substantial capital gains. For U.S. stocks, we should focus more on capital gains. Their prices have no ceiling or floor, while dividends are just a bonus—if they happen to pay while you’re holding.
