Flashermac Posted August 1, 2012 Report Share Posted August 1, 2012 Rule #1: Whenever I have to convert any money, the exchange rate is always against me. Link to comment Share on other sites More sharing options...
gobbledonk Posted August 1, 2012 Report Share Posted August 1, 2012 Good point - I guess you were a lot happier when the USD languished at 27 or so. Another reason to ensure that my Thai bank balance never drops below a billion or so. Link to comment Share on other sites More sharing options...
Horneytorney Posted August 2, 2012 Report Share Posted August 2, 2012 Rule #1: Whenever I have to convert any money, the exchange rate is always against me. you need to hedge, Flasher! Link to comment Share on other sites More sharing options...
BelgianBoy Posted August 2, 2012 Report Share Posted August 2, 2012 I have a hedgetrimmer, is that a start HT ? Link to comment Share on other sites More sharing options...
Horneytorney Posted August 2, 2012 Report Share Posted August 2, 2012 I have a hedgetrimmer, is that a start HT ? you could try it on the coins of some weak currency; please share your experience! don't try it on the Thai Baht; you will end up in jail for lese majeste! Link to comment Share on other sites More sharing options...
Flashermac Posted August 2, 2012 Report Share Posted August 2, 2012 you need to hedge, Flasher! Years ago I had a dollar account as well as a Thai account. When either one went up or down, it balanced out. Then after the 1997 crash, dollar acounts were no longer allowed here. Link to comment Share on other sites More sharing options...
Horneytorney Posted August 2, 2012 Report Share Posted August 2, 2012 you can do some offshoring! would be surprised if we did not have some financial adviser among the boardmembers... would the financial advisers please stand up! Link to comment Share on other sites More sharing options...
BelgianBoy Posted August 2, 2012 Report Share Posted August 2, 2012 would the financial advisers please stand up! NEVER trust them, they are only in business for themselves...... Link to comment Share on other sites More sharing options...
kamui Posted August 2, 2012 Report Share Posted August 2, 2012 NEVER trust them, they are only in business for themselves...... Yep, who did run the world economy into ground? The super specialists from the leading financial institutions. Rule 1) only invest in in products you understand 100%. If you need others to explain it to you... PS: I don't understand the financial market at all. Link to comment Share on other sites More sharing options...
gobbledonk Posted August 2, 2012 Report Share Posted August 2, 2012 you can do some offshoring! would be surprised if we did not have some financial adviser among the boardmembers... would the financial advisers please stand up! The T360 Billionaire Boys Club seems to have taken a hammering since they found out their 'shares' in Wa. Square were limited to the bars, not the land which (presumably) sold for billions. Damn that fine print, and those Thai contracts. Seems they werent worth the drink coasters they were written on - who knew ? Link to comment Share on other sites More sharing options...
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