chrisandsu

45 minutes ago, chrisandsu said:

In todays inflated market yes around $1 million 

Problem is kids . Want to leave them something as getting on the housing markets getting harder and harder these days . Where would you invest if you had some spare cash ?

Just now, KhunLA said:

Any equity built up ? Do you own RE ?

In todays inflated market yes around $1 million 

44 minutes ago, KhunLA said:

I went the property route, and let the renters build my equity for about 15 yrs, then sold the properties, rolled over to trading stocks (self taught), then 5 yrs later retired.

 

Actually did quite well.  Made more money after retirement, than all my salaried years ... ????

Being a LPOS, never really made much in those 25 ish yrs of being salaried.  Preferred self employment better, as paid better.  Plus got to work 2 days a week on average.

 

Could have retired a lot earlier, but was simply having too much fun.

I’m 41 and it’s just dawned on me to get my butt into gear ! I only want to work another 10 years if it’s possible . What would you guys recommend to speed the process up ? 

8 hours ago, Swimfan said:

My super fund averages 9.8% over a ten year period. Last year saw return of 18.3%.

Another dumb question. Is the fund linked to the stocks ? 

46 minutes ago, BritManToo said:

Compound interest calculator .........

http://www.moneychimp.com/calculator/compound_interest_calculator.htm

 

$1000/month for 35 years at 8%pa = $2,233,225

In the 35 year period I worked (1970-2005) 8% interest (or more) was easily achievable.

 

My private pension company increased my pension payments by 9%/year for me delaying taking my pension for 4 years (2016-2020) and they ain't a charity so it must have been worth it for them.

Thanks . I didn’t think the 8% was possible . I have gone the property route but this certainly seems an alternative . 

Can someone please explain to me how saving $1000 a month for 35 years gets you $2million ? By my maths that’s $420k are you saying the 8% interest would make up over $1.5 million ? And where is paying 8% interest ? 

I know it’s probably stating the obvious but why don’t you just let the step son and his wife and your wife get the loan combined but you pay for it ? Be worth more there then got rid of. 

8 hours ago, 1FinickyOne said:

don't knock village idiots... they serve a valuable purpose... 

yep we need someone to pull nails with their teeth . 

13 minutes ago, BritManToo said:

If I sell my wife's 2Mbht home to a foreigner for 10Mbht will that count?

That’s the dream …… ????

1 hour ago, BritManToo said:

I was in a similar position with BKB ............ wanted 50%/50% they agreed, then backed out at the last minute.

Suspect my wife tipped them off to refuse so I would pay 100%.

I just backed out of the house purchase.

 

Next attempt, my wife forged the job paperwork, I put 25k/month in her bank, her pal pretended to be her employer, and SCB gave her a 90% mortgage.

 

I expect your wife was more trustworthy than mine.

Yep that’s how the Thais do it . Just recycle money in the bank account for 6 months  Or better still get her to find a job and be out of your hair for a while . 

 Not sure if it’s allowed and will help if you speak Thai. 

I was working in army recruitment and she was in London for a conference with a university . I had been to Thailand so came out with what I thought was a decent chat up line (she thought I was a <deleted>)  . 16 years later and one son we are doing quite well . 

5 hours ago, bbko said:

When it comes to Thai visa, medical, insurance vehicles, news Thai Visa/Aseannow is the first place I check, when it comes to construction it isn't. Nuff said.

But here you are …. Nuff said . 

9 hours ago, Dumbfounded said:

We bought 1 rai of land on the Nan river and start building next month, a modest home about 200 sqm for 2.37 mill using a company with a good rep in this area

Looks great!  make sure you build that bad boy high and dry ????

Forgive me for such a stupid question. Where do I get to read your blog weekly ? I quite enjoyed that and just stumbled on it today . Thanks 

1 hour ago, Yellowtail said:

Why do you need real numbers to explain things? That's silly.

 

Inflation in the US over the last 12 months is over 5%

 

Wages have/had been increasing significantly as well. 

 

How is inflation factored in when they don't have "real" numbers? All they can do is predict. No one two years ago was predicting 5% in the US.

 

Urban areas like Detroit and rural areas like Vermont? 

 

 

 

So you understood everything I said then ? 

On 10/10/2021 at 4:13 AM, smutcakes said:

Why the hell would anyone listen to financial/life guidance from a poster whose experience seems to stretch to 5,000 THB condos on Soi Bukhaow.....

 

 

Everyone on here seems to have their own axe to Grind . Can you imagine taking advise from someone who’s desperate to sell and wants to talk the market up ? We are all preaching from our own pulpit !

6 hours ago, Yellowtail said:

I was hoping you would explain what you mean by "inflated money" and what you meant by "Which is why borrowed money becomes cheaper if inflation also raises incomes".

 

I do not understand either, and your "example" did not help. If you can explain great, if you can't. that's okay too. 

 

 

I couldn’t explain it any simpler . 

7 minutes ago, Yellowtail said:

If you don't know, just say you don't know, no shame in that. 

 

But yes, real estate is often a pretty good investment.

What ?

29 minutes ago, Pravda said:

 

People been saying the same thing for 10 years. Canadians have A LOT of money and they saved even more pile of money during covid.

Prices are starting to drop there now . Especially in bc 

22 hours ago, prchunter said:

Most loans I've dealt with in Asia are floating rates.  However, they only change slightly year to year as the central banks don't want to deal with the problems that Yellowtail mentioned. 

Canada is In trouble . They have to remortgage every 5 years . They can’t lock in a long term rate . Any jump and you will see the house of cards collapse .

3 hours ago, Yellowtail said:

Yes, most people get fixed rates and are protected, but new buyers have to pay the higher rate, which drives the value down. Sentimental value notwithstanding, something is only worth what you can sell it for. 

Yeah, neither could the people in the '70s

 

It would affect anyone that wants to move, anyone that wants to buy, and anyone that wants to borrow against their home. 

 

I do not disagree, but I have no idea what you mean by "inflated money". 

 

Also, what do you mean by "Which is why borrowed money becomes cheaper if inflation also raises incomes"

 

The easiest example I can give is …. 14 years ago I bought my house for $290k over the years we have had around 1% inflation per year ,  which eats away at that loan a lot slower but still after 15 years it’s 15% inflation plus I have paid it down while earning in theory more money (for example let’s say I get a 2% rise per year rise in my income).  Now we are hitting close to 5% inflation that loan is looking tiny in comparison to todays perceived value . Remember when grandma said she built her house for $20 k in the 60s but now it’s worth $1.5 million ? Do you think that the $ has more value or that there is so many printed $ in the system that it’s actually lost it’s value ? Either way that real estate was a good investment right ?