- \n
- Is there an index fund for South East Asia companies like Vietnam, Thailand? If so, is investing in such a fund a good idea? <\/li>\n\n\n\n
- What would I do if I was given $1million tomorrow? Would I spend it, invest it or do both?<\/li>\n\n\n\n
- How can human nature actually help us save and invest more? I discuss some of the simplest strategies for saving more without trying.<\/li>\n\n\n\n
- What kinds of assets do high-net-worth individuals invest in apart from stocks and real estate? Does it matter how the person got wealthy to begin with?<\/li>\n\n\n\n
- How can people invest in US stocks from Ghana? Do most people need advice and guidance?<\/li>\n<\/ul>\n\n\n\n
Es posible que algunos de los enlaces y v\u00eddeos que aparecen en las respuestas originales no se muestren aqu\u00ed y, si es as\u00ed, tendr\u00e1s que consultar las respuestas originales para verlos.<\/p>\n\n\n\n
Si quieres que responda a alguna pregunta en Quora o YouTube, o est\u00e1s buscando invertir, no dudes en p\u00f3ngase en contacto conmigo<\/a>, correo electr\u00f3nico (advice@adamfayed.com) o utiliza la funci\u00f3n de WhatsApp que aparece a continuaci\u00f3n.<\/p>\n\n\n\n
Is there an index fund for South East Asia companies like Vietnam, Thailan?<\/strong><\/h2>\n\n\n\n
Fuente: Quora<\/a><\/p>\n\n\n\n
<\/figure>\n\n\n\n
There are loads including iShares Asia 50 ETF, country specific ones like iShares MSCI Thailand ETF as an example, and also broader Asia funds including (and excluding Japan).<\/p>\n\n\n\n
Global X also has something called the FTSE Southeast Asia ETF.<\/p>\n\n\n\n
However, often people looking to buy a SE Asian index are doing it for the wrong reason<\/strong><\/p>\n\n\n\n
There are broadly two \u201cwrong\u201d reasons for this:<\/p>\n\n\n\n
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- The assumption that economic growth and stock market performance are correlated.<\/strong>\u00a0They aren\u2019t. The US stock market has beaten emerging markets even long-term. Not every year or decade, but that has been the overall trend. The Chinese stock market did well in the 1990s and early 2000s, but has done terribly since 2006. US stocks have also had some of their best periods during weak, or even falling, economic growth. The excellent GDP growth rates seen in the reason doesn\u2019t mean these stock markets will outperform.<\/li>\n\n\n\n
- Familiarity<\/strong>. The first issue is one reason why people globally want to invest in the region. Yet there is a local reason as well. Many expats who live in the region get to know local firms, so want to invest in the local stock market. That isn\u2019t a good reason in and of itself to invest as an expat. Plenty of locals also suffer with this same familiarity bias which investors suffer with globally as per the charts below:<\/li>\n<\/ol>\n\n\n\n
<\/figure>\n\n\n\n
Markets aren\u2019t always efficient but they aren\u2019t stupid either. If having a huge allocation to SE Asia was so obvious, all that institutional money from the banks and hedge funds would leave the New York Stock Exchange and move to SE Asia.<\/p>\n\n\n\n
I am not saying don\u2019t have any allocation, merely be sensible about it.<\/p>\n\n\n\n
If I give you $1 million right now, what would you do?<\/strong><\/h2>\n\n\n\n
Fuente: Quora<\/a><\/p>\n\n\n\n
Firstly, I wouldn’t widely advertise this luck, for obvious reasons. It can only cause trouble<\/p>\n\n\n\n
Second, I would invest it for a potentially rainy day, when I might actually need<\/strong> the money, rather than want<\/strong> things now.<\/p>\n\n\n\n
I have criticised Kiyosaki on some of my previous answers, even though I mentioned some good things about his book as well.<\/p>\n\n\n\n
However, one of his best points is concerning the difference between wealthy people\u2019s mentality and those who go broke (including high-income people who lose it all).<\/p>\n\n\n\n
He mentioned how wealthy people are more likely to think \u201chow much can my money earn me<\/strong>, and not how much can my money buy me<\/strong>\u201d.<\/p>\n\n\n\n
That is true as is his comment below:<\/p>\n\n\n\n
<\/figure>\n\n\n\n
Too many people say things like \u201c$1million doesn\u2019t buy you what it used to\u201d.<\/p>\n\n\n\n
That is irrelevant if somebody wants to stay wealthy. The same is true concerning income, as per his quote below.<\/p>\n\n\n\n
Income from a salary, lottery win or any source won\u2019t last unless the money is actually put to work.<\/p>\n\n\n\n
If the money is put to work, it can earn you (long-term at least) much more than putting it in the bank.<\/p>\n\n\n\n
That means you have more options, security and yes even consumption in the long-term. All for delayed gratification.<\/p>\n\n\n\n
That doesn\u2019t mean that it makes sense to take things to the extreme.<\/p>\n\n\n\n
Treating yourself is great, so I would use maybe $10,000-$25,000 of the $1m to do something which I don\u2019t exactly need, but want to do.<\/p>\n\n\n\n
Balance is important but spending most of the $1m within a few years isn\u2019t balanced at all.<\/p>\n\n\n\n
Even if somebody wants to retire early, which can be good for those who don\u2019t like their job, would be better off investing the whole money and taking a sustainable income from it for life.<\/p>\n\n\n\n
What method did you use to save a lot of money, in a short period of time?<\/strong><\/h2>\n\n\n\n
Fuente: Quora<\/a><\/p>\n\n\n\n
Consider this. Why are Apple, Amazon and many other tech firms so profitable?<\/p>\n\n\n\n
<\/figure>\n\n\n\n
Is it for the following reasons?<\/strong><\/p>\n\n\n\n
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- They are cheaper, at least in the case of Amazon, compared to traditional bricks and mortar?<\/li>\n\n\n\n
- They are trusted as they are huge companies?<\/li>\n\n\n\n
- They got in to markets at the right time.<\/li>\n\n\n\n
- The people behind them are smart?<\/li>\n\n\n\n
- They now have a lot of money behind them?<\/li>\n\n\n\n
- They have a great strategy for expansion?<\/li>\n\n\n\n
- At least in the last year the pandemic has helped them, even though they were growing before that?<\/li>\n<\/ul>\n\n\n\n
All of these things are important and have contributed to their success.<\/p>\n\n\n\n
However, people often forget about another factor\u2026\u2026they make it easy to buy.<\/p>\n\n\n\n
The Amazon check out is easy, and they save your cards into the system:<\/p>\n\n\n\n
<\/figure>\n\n\n\n
Apple Pay even allows you to pay with one swipe of your finger:<\/p>\n\n\n\n
<\/figure>\n\n\n\n
They understand the path of least resistance.<\/strong><\/p>\n\n\n\n
I was watching a good documentary, ironically, on Amazon Prime.<\/p>\n\n\n\n
It was featuring a man who many believe to be the greatest sports coach ever:<\/p>\n\n\n\n
<\/figure>\n\n\n\n
They asked him how he retained over performance and motivated his team.<\/p>\n\n\n\n
He mentioned how \u201chuman beings like to take the easy option, so that means people will accept lower performance if they feel comfortable with it\u201d.<\/p>\n\n\n\n
A great coach has to avoid that and essentially fight against human nature.<\/p>\n\n\n\n
What does this have to do with saving money? Well, fight with human nature, and not against it.<\/p>\n\n\n\n
You can do that by making saving and investing money easier.<\/p>\n\n\n\n
For instance, put in a direct debit to your investment account one day after you are paid.<\/p>\n\n\n\n
Studies have shown people will save up to triple what they did when they wait until the end of the month to invest.<\/p>\n\n\n\n
That is because it is seen as a bill payment, similar to a mortgage.<\/p>\n\n\n\n
If you are currently saving $100 a month and you put in a direct debit for $250, one day after you are paid, you will be amazed how you just get into the habit.<\/p>\n\n\n\n
Likewise, if you make buying on impulse easy, get hid of some of your cards.<\/p>\n\n\n\n
Go on Amazon, Apple and others and click \u201cforget\u201d the card.<\/p>\n\n\n\n
That will mean every time you want to purchase something, it will be more hassle. This will ensure you do it less.<\/p>\n\n\n\n
Of course, the most effective way to invest a lot more money is to scale your income, without dramatically scaling how much you spend.<\/p>\n\n\n\n
But that takes time for most people, and if good habits aren\u2019t established, it is easy to just spend more as you earn more.<\/p>\n\n\n\n
Making saving, and especially investing, the path of least resistance is a good starting habit.<\/p>\n\n\n\n
It doesn\u2019t rely on self-control and cancelling the order takes hassle.<\/p>\n\n\n\n
What do high net worth individuals do with their money outside of the stock market?<\/strong><\/h2>\n\n\n\n
- Familiarity<\/strong>. The first issue is one reason why people globally want to invest in the region. Yet there is a local reason as well. Many expats who live in the region get to know local firms, so want to invest in the local stock market. That isn\u2019t a good reason in and of itself to invest as an expat. Plenty of locals also suffer with this same familiarity bias which investors suffer with globally as per the charts below:<\/li>\n<\/ol>\n\n\n\n
- The assumption that economic growth and stock market performance are correlated.<\/strong>\u00a0They aren\u2019t. The US stock market has beaten emerging markets even long-term. Not every year or decade, but that has been the overall trend. The Chinese stock market did well in the 1990s and early 2000s, but has done terribly since 2006. US stocks have also had some of their best periods during weak, or even falling, economic growth. The excellent GDP growth rates seen in the reason doesn\u2019t mean these stock markets will outperform.<\/li>\n\n\n\n
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