Cash is one form of prudent asset allocation to have a cushion if there is a meaningful set back, or unexpected and/or near future needs. "Keeping some powder" dry principle. Here I describe how through the Thai banks one can increase baht %...
The Thai market remains buoyant. Part 2. While short mean sell-offs are natural and healthy events, my view remains that the SET in not a bubble, not yet.
September looks like it will end just as it started, on a high note. It was a good month to take off and reflect from afar while enjoying some art of the historic and culture kind.
Select market reflections post the nice run up in August. "Cash is not trash". Be cautious not to trade in a horse for a donkey. Bloomberg should wake up beyond EA.
I viewed to remain fully invested year to date. Now at mid year and with the SET nearing 1500 into July, its time to reassess and take a bit more sanguine view. Medium term investors can ride it through.
The risk going forward is bubbly USA and a possible temporary liquidity crunch coming there in the 3rd Q. The market and interest rate positive is that this will only prolong the attractiveness for financial assets into next year 2015....
