thaiboss

17 hours ago, 30la said:

The losers in this manipulation are the Thai workers who will lose their jobs or their small businesses.
Back to normal, the Baht is totally overestimated!

i  am leaving in nong chock bangkok aera tell you a huge development of housing is coming up here more then 1000 houses value 3 to 5 millions thai baht are built now in fact all the aera is in developement even BTS is coming here who are those thais who can afford average 3 milions baht for a house and of course families have a least two cars  and not old cars brand new one

3 minutes ago, BritManToo said:

Another 28 years if you can make it on 40k/month.

just find out krung sri bank give 2.2% interest for long term deposit 4 years .....

Greetings my situation i am 65  my pension 21.000 thai baht  in Thai bank now 7 million thai baht ..... how do you think i stay on untill my move to the  universe ????   

check this out 14.APRIL i have paid for one month use 284 kwh 1058 baht 7% tax 74 total =  1132  thai baht one room air con  night time from 8pm to 6 am in village in my house ( small house )

2 minutes ago, thaiboss said:

in thailand you can buy every thing . you may surely have £ to look for a nurse or lady willing to look after you. just give her the money she need and she will look after you if you have good intention you will find that person. you can not stay alone in old age in thailand with limited $

i know many ladies +50 + willing to take care old farang  for 10.000 thai baht per month  

in thailand you can buy every thing . you may surely have £ to look for a nurse or lady willing to look after you. just give her the money she need and she will look after you if you have good intention you will find that person. you can not stay alone in old age in thailand with limited $

On 6/24/2019 at 1:24 PM, lopburi3 said:

You can apply for the 60 days in any case and they will provide 7 extra days if not approved (you have to pay the 1,900 baht).  

you need a doctor letter attesting you not able to travel by car plane etc ....

hernia surgery i had no insurance had 3 choices

bangkok hospital 250.000 thai baht

Bumrungrad 600.000 thai baht

chinese hospital hua chiew 50.000 thai baht

finaly went to prama 9 provincial hospital in city petchaburi total  cost surgery including 3 days stay

14.000.-- thai baht this hospital is a non profit government hospital

now nowadays i have again some hernie inguinal problems .... this time i get cured from chinese hospital with chinese medicine cost per week medication  thai baht 1450 doctor fees 260 no surgery only chinese herbs.

hua chiew exept accident surgery heals you near from everything with acupuncture + chinese medicine herbs.

if you are over 65 check your life style eat vegetarian no alcool no smoking and go to chinese doc medicine bangkok you do not need those costly insurance for 60.000.-- thai baht take a accident insurance for 4000 thia baht   kasikorn for exemple.

the insurance here in thai do not pay you once you over 65 they will find pre condition if you get cancer go to chinese herbs hospital or go to the universe

easy to understand NO MONEY NO HORNY ... thats it you have the £ then you come if not stay elsethere

2 hours ago, kwan said:

Quite !

i remember .... tourist still in pattaya may be busy with shortime and so on 

On 3/30/2019 at 12:47 PM, poohy said:

Well you have been here long enough to realise best option is

 

You and family to HH for a few days 

drive around with the Mrs asking you should unearth something or a least an area of interest

 

I really hope job is worth moving from BK to HH!!

All the best

 

ban krut  hua hin is same as day and night oh my gosh never i would live in hua hin just have a look  the energy complex horrible. STAY BN KRUT BETTER d ont move   you may go to chiang rai  thats ok there

10 hours ago, Banana7 said:

I see someone got 31.90 early this morning. The peak for USD to THB maybe today or tomorrow. Currently 31.8390b at 15:30 28MAR2019, trending down.  In BKK cash rate is 31.78 at Grand Superrich, 31.77 at Superrich, 31.76 at Siam. The peak may have past in the last 12 hours.

use transferwise

On 3/12/2019 at 5:19 PM, molen02 said:

Do you know what is required as far as paperwork to do the first 90 day non O visa.

I'm renting a house so i assume that my TM30 would be still valid when I come back

take agent pay 23.000 tb with multiple entry nothing is need done in one week no hassle

On 2/19/2019 at 6:32 PM, SheungWan said:

Non-Imm O visa does not require insurance.

O-A visa does not require insurance.

Please avoid misinformation.

O - X  New VISA FOR VIP need insurance and that insurance cost me 70.000 thai baht a year i am 64

52 minutes ago, khunPer said:

 

Buying a house in the affordable price range, which "maxi 2 million baht" is, might not be cheaper than renting, as you will have the ongoing maintenance expenses; especially if you buy a second hand house. Don't consider affordable property in Thailand as investment on shorter terms; it's the land under the house that has value, not the house.

 

On the other hand, there is a wish from your wife to own a house, and that might be beyond simple financial calculations. Also due to the cultural gap, where being a house-owner has to do with "face", might originate from past times "Sakdina"-system. Happiness might be more important than financial calculations, and after 20-years you know best. Furthermore the risk is limited being only 25% of your savings, and you still has an ongoing life-long payout on top.

 

A small car is around 500k baht – don't buy second hand, prices are high, which also mean a new car keep it's price better than in Europe – and annual expenses for first class insurance and tax will be in the level of 20k baht to 25k baht including parts (oil etc.) in annual check-up (service is often free for around five years, when buying a new car); so count 2k baht a month in fixed costs (excluding fuel).

 

So left is around 6 million baht, or rather 5.5 million baht.

 

The lower risk, the lower interest or outcome. Fixed deposit in a bank is the level of 1.5% p.a.; perhaps little higher if on a 3-year fixed-term account, but that need to be well planned, to obtain the benefits.

 

If you calculate a "life-time" of 10 year for 5.5 million baht with a 12-month fixed term deposit interest of 1.5% minus 15% withholding tax, you can withdraw some 580,000 baht a year (the following years each end of term), which will equal around 48k baht a month. You might be able to reclaim the withheld interest-tax that is about 11,000 baht after the first full year (will be less and less the following years). After 10-years you'll only have the life-long Swiss payout of about 25k baht a month.

 

Stock market is as a general rule said to perform at 6% to 7% outcome in average a year, calculated over long time – and that is long time – over a five or ten year period you could both gain 100%, or loose 50%, even without getting into high risk investments.

 

With a bit of safe-counting low-risk SET-investment – but not risk free – looking at mainly dividend payouts, the around 3% a year in average after tax, as mentioned in my earlier post, is a fair judgement. That would make a 5.5 million baht investment pay in the level of 165,000 baht a year, or somewhere from 13k baht to 15k baht a month in life-long dividends (often increasing about inflation rate).

 

It difficult planning. I use to ask myself: What now, if I continue to live and pass the age of 100 years, still being in excellent condition? That's little more than 30-years from now, so I need to consider how I spend my last few savings, because it's not impossible to live that long – my father did, so what if i have inherited the same genes?

????

as mentionned 30 years in thailand/cambodia /singapore  i have experience with gaining million baht , experience loosing million baht , drinking gin tonic all night go go bars , smoking 2 pack LM red per day   all day going out , smoking 100 thai  girls in a month , you may  understand  that past life , my  thai madame ( we not married )  still with me since 1995 , beergarden sukhumvit  Soi 7 full swing (  now she is 46 i am 64 ) , since 2014 i am very quiet ( stop smoking no alcool any more, eat vegan food only )  , have also  experienced monk life in tempel real bhuda life style i know that also ...... six sense telling me may be   by 75 year old i may join monk hood by now i am taking care thai cow in tempel by taking care i mean give money to look after them not to be slaughtered.. you may know thai cow rescue in thai tempel . somehow maha  laksmi will make that you have always enouth money in pocket ....  by now i rent a house 4500 thai baht in nong chock province near minburi very upcountry, very nice here, lot of rice field ,bambou forest, coconut trees ,  many rivers,  land speculation here very hight.. house rent 4500 thia baht owner want to sell to us one million ( new built house 2016) !  have survey around nong shock once last year not found similar like this house  ,  our problem we never have stay same place more then 4 years since 1995......experienced hua hin,  cha am ,  kho samui,  phuket ,  chiang rai , chiang mai, nakonsawan,  chasoengsaw and now nong chock (  bangkok 60 km ). generaly would say 227.000 euros pay out in May 2019. keep it simple and wait one year before doing any thing . there is warning about Financial crisis for 2020.  may 2019 ( pay out 227K euros )  exchange to thai baht 800.000 for Secure visa retirement..+ one million thai baht deposit  2% interest , siam commercial told me. meaning  let 200.000 euros in my bank for one year here in france border switzerland let it here for one year .. wait and see one year let see what happen with prediction financial crisis happen or not who knows ? no buy house no buy care   just another idee !!!!!!

11 minutes ago, thaiboss said:

i am 64 year old ... a life long pay out from switzerland about 800.-- swiss francs ( around 25.000 thai baht) per month.... i will buy a house with a garden lets say to avoid a monthly rent , wife do not own any thing by now she wish to own house to avoid rent , budget maxi 2Millions thai baht ( my wife with me since 20 years ) may be buy a car , by now we do not have any car only scooter  one daughter will take care of the car and drive us around on week end just have a car in our family. so thai baht left around 6 millions fixed deposit lets say only for 10 years..... do they realy give 7% up interest or dividend 0% risk...?.

want to add since 30 year in thailand  do not own a house only rent so do i now buy my own home ?

On 2/12/2019 at 1:45 PM, khunPer said:

It's about 8 million baht. Having lived so long time in Thailand and knowing the culture, it makes sense to invest to money in Thailand, if you plan to stay here, to avoid foreign currency fluctuation.

 

You can count on a average of 3 percent annually in dividend or spendable outcome when not taking too big risks, i.e. 30,000 baht per million baht invested, or 240,000 baht a year in your case, which equals 20,000 baht a month.

 

Spreading the investment would make sense. There are for example both so-called Fund Books in the banks. A Fund Book is a mutual fund where you have professionals to take care of your investment, but pay a percentage of the invested capital for that service, typically 1% to 1½% per year. Choose funds that pays a dividend, and that invest i Thai market, to avoid foregn currency fluctuation; i.e. don't invest in overseas mutual funds coverings China, USA and like, if you wish a more steady outcome.

 

Some examples of mutual funds can be found on the banks homepages, I'm using, and familiar, with the following, but most banks might offer this service, so it's not a recommendation for a named bank:

Bangkok Bank Mutual Fund

K-Bank, Kasikorn Asset Management

SCB (Siam Commercial Bank) 

 

You can also place some of your saving in the SET (Stock Exchange of Thailand) stock market, which you can do online through a bank, i.e. using an online platform, which is the cheapest way to invest, but you have to pick the stocks yourself. You can only buy stocks marked NVDR, as these can be held by foreigners (but without voting rights), and they will pay dividend to foreigners.

 

Looking at the usual parameters like P/E (Price/Earning), and dividend policy, and historically paid dividends (not a guarantee for future dividend payments),you can pick some stable stocks that could pay between 3% and up to 5-6% in annual dividends after 10% withholding tax. Dividends will automatically be transferred to you savings account.

 

I'm using SCB-online and is familiar with that Thai platform, which is very easy to register – click on "New Clint, Open New Account" and follow the screen instructions – and fairly simple to use; but there are others, and they are probably equally good.

 

Another possibility is to look into bonds (could be via the bank's Fund Books), or high interest long-term fixed accounts, or a combination, and simply use the savings over time. The calculation is expected life-time combined with interest, or value increase of Fund Books investing in bonds – they don't pay dividend, but are accumulating, and you don't pay tax of the accumulation – so the question is, based on the age of 64, how long a period the savings are going to cover, and what inflation rate you wish to be included?

 

Extremely simple calculation could be 8 million baht over for example 30-years (8,000,000/30 plus some interest), which could pay in the in the range of 300,000 baht a year, or around 25,000 baht a month. But you might wish another order, with periods of higher payouts, and periods you might need less money.

 

Hope this can help you, you're welcome to ask questions about details, if you're interested...????

i am 64 year old ... a life long pay out from switzerland about 800.-- swiss francs ( around 25.000 thai baht) per month.... i will buy a house with a garden lets say to avoid a monthly rent , wife do not own any thing by now she wish to own house to avoid rent , budget maxi 2Millions thai baht ( my wife with me since 20 years ) may be buy a car , by now we do not have any car only scooter  one daughter will take care of the car and drive us around on week end just have a car in our family. so thai baht left around 6 millions fixed deposit lets say only for 10 years..... do they realy give 7% up interest or dividend 0% risk...?.

i am in bangkok since 30 years but not with all the regular visa or permanent residency now i am on retired visa. the problem is ...media say euro is not secured in long term. yes i need advice how to split this money amount . all in thai baht because i will stay now here in thailand no back europe. open foreign  euro currency account in kasikorn and siam or  krungsri ? how much in thai baht how much in euros ? should i buy $$$. buy thai gold option i know thats ok . the headache how to split  amount ???? no risky investment ....

I am a retired 64 year old farang in thailand   leaving in thailand  since 30 years .so I  know this thai life very well but now i have a headache due a real estate sale i got 227.000.-- euros ..... can you suggest me what to do or how to invest this money in a thai bank . thats in fact my pension money normal pension is only 25.000.-- thai baht per month. thank you 

normal traffic rule for thai people they do not care .. if you drive a motorcycle you will notice thai are crazy drivers( ok not all )

my experience last month chiang rai .... master card french.......atm kasikorn bank charge 250 baht exchange to be accepted 37.20 when the normal exchange rate was 38.40 ....euro...... thai baht ....

international swift by internet to my bank account in thailand from french bank.... ...french bank charge 8.9 euro kasi charge around 1% on total amount....

so for regular withdraw from .....atm is no more a good option to expensive .....master card is charging a lot from exchange rate.... more then 2% ...

another option credit card by western union by online tranfer ...you can transfer to yourself...... IN MINUTE..... but here again exchange rate low 37.80 to normal swift 38.60....in urgency western union is a good option.

Thank you Village farang ...we have similar profile ....

i have the intention to built a.... wat.... with meditation center ......the unknow factor is .. how to make move monks here to this stupa place ....

anyone a idea ??

I found the swimmingpool in wiang chai ... its ok.... just.... there is no shadow .. but its fine for a round of one hour swimm ..

yes the lady is nice she speak english ...

.... to spend time i have now home massage 4 hours per week......... massage in tow (chiang rai ) SOME afternoon....have fun to check out the girls ..

its nice here for just touring around by scooter .... found a special place for stupa and view point.. go there twice a week ...meet thai people in that hill - mountain

have some lady( thai) ex( retired) english teacher here in village.... good for chating ...

have 3 dog here in house .... so go touring with them by special scooter for dog !!!

as I practice meditation 2 hours per day those activties are enouth to entertain my mind ...

and now i am... brain storming.... with my mind... how to built a meditation center on top of that hill here. you have a tremendos view till laos and burma from the top

i need to report ... but online looks not working for me !! i use chrome and maxthon on window 10 a lot of security warning and with edge micro

i do not find the form !!

can some one tell me how to do exactly online.. somewhere i have notice that only internet explorer works for reporting !!!!