I'm 53 and last year I decided to retire in Vietnam. Plan on getting married to a local girl in the next year. She has a good job, owns her apartment and has a business on the side so she is financially stable.
I'm Canadian but spent most of my career working in Australia.
What I have:
- 50% in Australian superannuation that I cannot access until I'm 60. 70% Australian equities, 20% bonds, 10% cash
- 10% in Colonial First State Australian equity funds outside of superannuation.
- 10% in Canada. 10% vanguard Canadian equities, 10% vanguard US equities, 80% vanguard fixed interest
- 20% in Vietnam corporate bonds @9%
- 5% in Vietnam stock market just for fun
- 5% in Vietnam cash deposits @5%. This is about 3 years living expenses
Capital preservation is my main worry. The October to December run last year hit my Australian equities pretty hard. Most of that is locked in for the next 7 years so I'm confident things will recover by then.
I'm exposed to Vietnam inflation/exchange rate. The state bank seems committed to 4% inflation but interest rates here are climbing. We are coming from double digit inflation not that long ago. Australian exchange rate is my most exposure right now.
What would you do differently?
Any other risks that I am exposed to and how would you hedge?
Anything I need to know about investing in Vietnam? I can't own property here but my girl can which would be another risk to have it in her name.
TIA
Submitted January 26, 2019 at 10:12PM by larchpharkus http://bit.ly/2TfgSDp
