Taking a trip to Southeast Asia as an investor? Learn how to stay on top of your investments while traveling without losing potential returns.
Whether on a world tour or visiting Southeast Asia to explore the culture,
staying on top of your investments shouldn’t be challenging. However, it can
be if you aren’t prepared to match various scenarios that may present
themselves during your trip. In this guide, you'll get key tips to help you
master remote investing while traveling in Southeast Asia.
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Photo by Shuttercraftsman |
Gathering Your Investing Stack
Before you set out on your escapade, ensure you have all the necessary
investing tools. Here are the key ones you shouldn’t do without:
Finance News App
Stocks and foreign currencies are sensitive to financial reports and economic
events that can be publicly released at any time. A global news app tailored
to finance, like Reuters, Yahoo Finance, or CNBC, is essential to keeping up
with stock and forex market news regardless of location.
Charting tool
Getting a charting tool will help you monitor the price movement of the assets
on your watchlist. If you’re a short-term investor, it’s important to have a
grip on your investment performance so you can close positions at the right
moment. In Southeast Asia, Trading Singapore
offers comprehensive charting features and real-time data so you can better
track your investments.
Investment Platform
Investing platforms are usually restricted to some geographical regions. If
your broker is unavailable in Southeast Asia, you may need to use a
trusted VPN
to access your account. Otherwise, consider portfolio management apps with a
worldwide presence to help you keep track of your investments, even if your
broker isn’t available in the region.
Selecting digital nomad-friendly destinations
Except you’re planning to purchase a satellite internet service kit to connect
to the internet and continue your investing activities remotely, it’s best to
stick to
digital nomad-friendly destinations. These areas provide affordable living costs, co-working spaces, strong
Wi-Fi connections, and just the right vibe to get work done in a fun way. Some
top destinations to consider include Singapore, Thailand, and Malaysia.
Understanding Time Zones To Stay on Top of Financial Markets
If you hold foreign currencies as an investment or trade forex for a living,
it's essential to know beforehand how the timezone in Southeast Asia is likely
to change. The forex market has three major sessions, including the Sydney and
Tokyo markets fall into the Asian session, London represents the European
session, while New York stands for the North American session. The Tokyo
market aligns with Southeast Asian timing and is open from 12:00 AM GMT to
9:00 AM GMT.
Using Central Time, it corresponds to 8:00 AM and 5:00 PM for Singapore,
Malaysia, and Indonesia and 7:00 AM to 4:00 PM for Thailand, Vietnam, and
Cambodia. Consider sticking to the Tokyo session as it matches the standard
working hours. If you prefer to trade other sessions, you may have to trade
midnight or early morning hours, which may not be sustainable long term.
Securing Remote Work-Friendly Accommodation
If you don't research well before traveling, you may end up in terrible
accommodation in a usually digital nomad-friendly city. Some core provisions
your space should offer include high-speed internet and shared workspaces.
Read online reviews of Airbnb, hotels, serviced apartments or whatever
accommodation options you’re considering. Look out for comments on internet
speed, Wi-Fi, and other essential amenities to secure an accommodation that
makes remote investing stress-free.
Setting Up for Remote Investing
With timezone differences accounted for, your daily schedule is the next thing
to factor in. How will you be spending your day? Would you prefer to do some
exploring in the morning or evening? Would the bulk of your day be spent with
business partners? Knowing how your day should play out will help you
integrate investing-related activities easily into your schedule.
The time you allocate to keep tabs on your investments should cover reviewing
market updates, news, and your portfolio performance. If you plan on actively
trading the financial markets, reserve a few hours for technical analysis and
trading. Outside of the time you blocked for investing, use price alerts to
stay on top of any running trades. This way, you can get rid of the urge to
constantly check your investing app when it's time for other activities on
your travel itinerary.
Networking With Other Digital Nomads
Traveling offers an excellent opportunity to meet new people and explore new
concepts. You can look up digital nomad communities and join networking events
to connect to other investors and traders. Aside from being a great avenue to
have good conversations outside of your alone time, you get to explore the
city and catch up on trends in different cultures.
Invest on the Go in Southeast Asia
Investing on the go while
traveling in Southeast Asia
can be flexible and easy if you stick to essential guidelines. Your internet
connection is crucial to investing remotely, so it should guide the choice of
your accommodation. Keep track of how time zones differ to set up your trading
session at a favorable time. While some brokers may be unavailable in some
regions, you can monitor your investments with portfolio management apps.
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That sounds like pretty reasonable advise, thank you for sharing it! Thanks for joining Angel Brian's Thankful Thursday Blog Hop!
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