I'm going to retire this year. I have about 7 million baht. Most of it is in savings and 2 million baht is in a retirement mutual fund (RMF). I have no experience in investment except for that RMF. Could you please give me advice as to what I should do with my money to make sure I can live my life modestly? I don't expect a major expense soon, but in the next few years my house may need a major renovation, which should cost me about 2 million baht.
ANSWERED BY... Teera Phutrakul, CFP, chairman, TFPA If it weren't for inflation, cash and bonds would be all you need. But even with modest inflation of 3% a year, your buying power would be cut in half in about 25 years, so you also need to invest for future growth.
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