I wanted to put it away in a rainy day fund. The best option seems to be buy gold.
What are some other options? We're not talking big money a couple thousand USD.
Thoughts?
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TLDR : Answer Summary
The discussion revolves around investment options for a couple of thousand USD in Thailand, highlighting various strategies such as buying gold, cryptocurrency (particularly Bitcoin and Ethereum), index funds like S&P 500, and high-interest savings accounts. Participants suggest diversifying investments or using a portion of the funds in safer instruments like money market accounts, while also commenting on the volatility of cryptocurrencies and the value of gold in Thai culture. Insights on market trends and personal experiences are shared, providing a comprehensive overview of potential avenues for managing savings.
Damien ********
Casino on Cambodia boarder
Put it all in red !
50% chance to double ur cash
Just another option but only for gamblers!
Michael ********
Actually gold is good at moment I bought some in January i think was
Buy stock in AI companies or stock in companies that are being transformed by AI or crypto which should go up for the next year.
Larry *********
Not enough to matter
Todd **********
That will buy you an ounce, just about
Ruth *******
Boeing stock? (kidding!)
Ruth *******
I would not do any of this creative investing with having “a few thousand” in savings. Schwab invested in treasury bonds is a good, safe investment with a reasonable (over 5%) tax-free return right now.
David *********
Certainly NOT gold , and certainly NOT Crypto .
Invest in the USA , Just buy one index EFT , and as you go along reinvest the distributions ..
David *********
Sorry ETF typo
Reply to
David *********
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Prince******
I just made 36% on $1k invested in Bitcoin over 4 weeks. Quick in and out… profits will fund 6 LT boom-booms yay!
James ***********
Durian (great hedge ,cuz Chinese tourists will always want )
Mark *********
A ridiculous question. We all have different levels of risk tolerance. That is the question for you not where shall I put it.? That said if it really is only a couple of K USD does it need fine-tuned calculation? Would it really matter if you lost the lot? Answer that question. Then do a bit of Googling around volatility and markets. High volatility = High returns. But High volatility = High risk. It's that simple for you to locate the choices you should make, now and in the future. Not ask Facebook.
I'm up 141% in Bitcoin since October and will be up a lot higher by the end of the year... So Bitcoin has been an extremely great investment for me. Do not underestimate it as a valuable asset class. That's why it's part of EFTs now.
I have proof ... plus that is the type of response you expect from those that haven't jumped on board and realized that they missed out 🙂 I understand that we all have different investment vehicles and this may not be one you or others are interested in, however I have had great returns and so have other friends of mine that have invested mainly in Bitcoin, Ethereum and Solana. Bigger returns than bank interest so I am happy with that.
Terary **********
ORIGINAL POSTER
I did really well with Crypto until I didn't (short selling hurt me). I have learned my lesson. I may buy crypto again in the future but I won't consider it a "investment" but rather a "gamble".
You're up "141%" ? Or "41%"?
Reply to
Terary **********
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Ivan ***********
ETF or BC.
Matthew **********
5% CD it will last longer not being able to get it back for 6 months
Bitcoin is better than gold. You can transport it at the speed of light, it is fixed, you can't keep mining more like gold and it does not cost money to store. Go watch some youtube vids with michael saylor talking about it.
the 4 years bitcoin halving is coming soon and historically the price will soar - some analysts predict 200k usd per 1 bitcoin - price has gone up recently from 35k to 70k.
Did you first establish a cash emergency fund with six months of income in a high yield (5%) savings account?
What about paying off all your debt, including high interest debt next?
Then, put maybe five percent into bitcoin and the other 95% into a boring low/no fee S&P 500 index fund (as mentioned above) like NYSE: VTSAX.
Cris ******
The safest bet is gold. It’s about 34,000 per baht right now. But the American market is doing pretty well along with crypto. But those are a bit riskier.
Maybe get ya a Charles Schwab brokerage account. Ya can very easily buy a CD without involving a agent or broker. They are running at 5% plus right now.
If a person wants to play the gold market without the trouble of messing with the actual metal, they can buy a stock that tracks gold prices......stock symbol GLD.
Thing is ya play hell getting anything like market price when/if ya try to sell it in Thailand. Dont ask me how I know.
Reply to
Ron ********
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Don *********
Not financial advice but if it was me I would buy
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Bitcoin,
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Ethereum,
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Solana
Albert *******
If I were you, I’d store it someplace where it could easily be used as an emergency fund as well as collect a bit of interest. Right now rates are high so find yourself a nice 4 or 5 percent money market account and that way you still have your hands on your cash if you need it . If you already have an emergency fund then go with a nice vanguard index fund that tracts the S&P 500
Alan *********
Bitcoin. The most stable investment around at the moment
I'd normally 100% agree, but there are reasons it will go higher. Even financial institutions that normally avoid giving target prices for crypto have started to, and they all have targets with significant upside. With one as much as 4-5 times higher than its current value in a few years. I don't know that I buy that, but am starting to be convinced it will still double in that time frame.
yes in this particular time I tend to agree with a five year plane for 4 x value once you really read up on it and how it really works and understand it you will gain confidence on an investment
Checkout “ whiteboard finance on you tube Marco is actually a full professional
so why buy crypto when they are highly priced. You buy when low as it's a gamble
Brian ********
Just put it in the bank as part of an emergency fund. You never know, and a couple extra grand at your fingertips will come in handy some day, almost guarenteed.
I'd stay away from the crypto. It may be going up now, but turn your head and not stay on it for a day and you stand a good chance of losing everything. Had a guy at work take out a second on his house. Turned 200,000 USD into a million. I told him he ought to cash out but he wanted to stay in and double his money. Then the big crash. He still hasn't recovered back to the original 200 grand.
the only way crypto can become a currency is to take it off the market. Market commodities are way too vulnerable to be used as common trade. If you knew your history, you'd know that the US, one of the last countries to come off the gold standard, was forced to becaise the rest of the world already had and the gold price was no longer stable enough to fix a currency to it. Crypto is way more volitile than gold ever was. Imagine getting up in the morning and not knowing if that, say,
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bitcoin you normally spend on coffee in the morning was worth the equivalent of 1 dollar US or 20 dollars US. Then the next day it would be 10. Etc. So long as you folks sell nothing to each other crypto will never become a world means of exchange. Ever notice they haven't called it crypto currency for a few years? Well now you know. Here's another little hint for you: there have been several times private currency has been attempted throught the US (just because I'm more familiar with the country's history) and throughout the world. Every single one has failed. Every. Single. One. It doesn't matter if it's metals or electrons, private currency doesn't work. And crypto won't replace any country's currency today unless they stop the trade. But you keep dreaming.
or don't buy at all. Crypto is no longer called currency because it is too volitile to be considered as such. It is also too volitile, imho, to be considered a safe investment. Remember, crypto is basically nothing. It is a good way to launder money, I suppose, which is why as soon as they figure out how a crack down will be forthcoming. All that said, there is nothing, no goods manufacture, no service economy, no insurance company, no anything backing it. It is merely people selling nothing to each other like Amway salespeople, and you can see how that works out. Sorry, no one can convince me that investing in crypto is a good idea.
when I buy it you can bet it will hit bottom. Actually I have 3 that have done fantastic in the last 2 months. And those I were just sitting on. Shiba, doge , and xtz. But when I got all of my crypto.. I just made a decision to sit on it for minimum of 5 years..