vukovar77

17 minutes ago, khunPer said:

Did you read the OP? He is unmarried and 45 years old, so your visa suggestions won't work, whilst 600k baht for an Elite Card, when having 20 million baht plus enough for buying a condo, is within reasonable reach in my modest opinion, until you reach 50 years of age.

 

Do you know about Thai stocks? USA, and especially Denmark, are countries with high priced value stocks mainly bought for capital gain rather than dividend - i.e. P/E (price vs. earning) can be extremely high - whilst numerous Thai stock have a reasonable price P/E often in the level recommended by successful investor Warren Buffet, and furthermore pays a relative high dividend, but the capital gains are limited. Furthermore Thai stock have the benefit, as invested value and dividends are in the currency the money is going to be spend, so currency exchange risk is eliminated. If you invest for dividends, then you won't loose anything, if you don't need to sell...

He can get O-A Visa - 1 year in his country and than extend in Thailand.ED Visa is option as well.Elite Visa is worst option,from my point of view.

I trade on SET 5 years.Most Thai stocks are mostly high priced.Thai funds ,most of them have heavy losses ,even infastructure funds.Investing in Thai stocks for dividends is very bad "job" for a last 2 years.Thai economy is in a very bad shape.Maybe the worst in southeast asia.GDP will rise maybe 0.5-1 % this year.I am sure you do not trade with success on SET and compare P/E in USA and Thailand is pretty nonsence.

5 hours ago, khunPer said:

Your first and major concern would be permission to stay in the country, i.e. visa and eventual extensions of stay.

 

One possibility is to look at the Elite Card-option until you reach 50 years of age, and can stay on retirement extension; for 600k baht you can obtain a 5-year Elite Card-visa.

 

Another possibility is to invest in a company and stay on a business visa and extension based on work. That requires 2 million baht in capital, some Thai partners, and four employees for one work permit.

 

However, your about 20 million baht worth of capital - after buying a small condo - could gain some outcome to you from dividends if invested in stock market, lets say 18 million of them invested, which can give you between 3 percent and 4 percent dividend after withheld dividend tax. That will give you between 540,000 baht to 720,000 baht in annual income after tax, or around 45,000 baht to 60,000 baht per month, which is enough to life a relative Okay life-style, especially when already having a condo - many expat retirees life for that level of monthly income in Thailand - however not enough for an up-end more hi-so life-style.

 

With your skills in programming there might be possibilities for some online work for clients abroad, as eventual supplement to your investor-income, if you don't find a job domestically, and instead stay in Thailand based on a work permit; citizens from neighboring countries have slightly easier access to stay based upon work than other foreigners.

 

If you at some point getting married to a Thai, you can stay on extension based on marriage, and you will also be allowed to work on that type extension of stay.

 

You have a number of possibilities to choose from with a condo and 20 million baht in your hand...????

Investing in stock market is very risky .Now most stocks are overvalued and You need knowledge and experience .You can easy end in a big loses.Investing in Elite Visa is not wise.Marriage Visa is OK and A-O visa is pretty easy to obtain.

1 hour ago, cmarshall said:

If you are satisfied with a life of poverty in the boonies.

Not true at all.Many expats live very unhealthy life,drink too much,eat only western food,pay a lot for "night life".If You have your place to live,You can have great life for 30 K .If You eat Thai food and speak Thai,your life can be even far cheaper.

7 hours ago, KhunLA said:

Nobody loses until you sell ... 

 

The only learning curve to investing in the markets, is knowing it's a scam (with few exceptions), only then, can you use the 'scams' and make a lot of money, and retire early & comfy.

I do not know about Your trading experience,but I trade more than 20 years on stock markets in USA,EU and SET.You lose when your market price is lower than you pay .If you do not cut losses on time (S/L order) You are in serious trouble.Without I-Algo trading now and S/L You have no chance to "win" market .Even on famous and great stocks ,You will lose if you pay too much when entering in position.

1 hour ago, Will B Good said:

Worst:  AXA WF Framlingtion UK (5.3%)

Best:    Baille Gifford American Class B Accumulation. (32.25%)

Very risky  investments.You must have a lot of knowledge and experience for investing.You can easy lose money in funds as well.

About 80-90% people lose money on stock markets.

On 11/25/2021 at 12:06 PM, cmarshall said:

You English is fine, but THB 20 million is not enough to retire at age 45.  Are you planning on finding a job in Thailand?  Will you be permitted to work here?

It is more than enough if You have place to live (buy cheap apartment or so) and much more affodorable ih You can speak Thai.30 .000 BHT is good enough for very good life near the sea .In Issan 20.000 BHT is enough.You can live with this money (without interest ) 55 years.

On 10/26/2021 at 5:49 AM, jacko45k said:

The main beach in Pattaya is not regarded as very clean, although it is somewhat better these days as there aren't thousands of tourists using the hotel toilets..... You can head out to the islands, Koh Larn, or to beaches South of Pattaya for better water quality. Even Jomtien is suspect these days. 

Wongamat beaches are pretty clean .

19 hours ago, Cherrytreeview said:

Don't buy anything in Thailand.

You'll start losing money from the day the ink is dry on the contract.

Buy a property in your own country and use the rental income to fund a rental in Thailand.

At the moment, you will be able to negotiate a fantastic rental deal.

Rents are on the floor.

Now he can buy on bargain price 50% lower than average.On buyers market is better buy (than rent )at least one unit to live in.If you do not have money to buy than rent is good option.

5 hours ago, Neeranam said:

No, i needed to show my Thai visa, which I don't have. 

Nobody ask me to show Thai visa.Only passport.

12 hours ago, Neeranam said:

On target, good job. There were lots here saying it wouldn't be here this year.  I don't mind if it isn't here this year, as they will refund my 1200 baht. There are many more vaccines available soon-  great job Anutin and co. 

It was foolish to pay for vaccine ,cos. it is free.As a forigner you can have Pfizer vaccines already!

5 hours ago, EVENKEEL said:

I'm impressed that none of the posters here discuss what money is allotted to the lady's family. Guess I'm the only one. When I was working I turned a blind eye except on occasion. But, when I retired I settled on an amount monthly, no surprises. I have a decent monthly deposit of 90ishK/mo. and don't care about saving any money.

 

As a single guy 50K/mo would be fine.

 

How much do you give the lady's family monthly??  

What are You talking about?My wife family never-ever ask me something like this.It is not poor family to need extra money and besides my wife and her sisters work and have decent jobs .

Maybe some poor Isaan families need a help and if it is neccesary we could help them,but with working traditional girls it is not the case as far as I know.As I know this is often with bar-girls,massage girls etc.

On 10/1/2021 at 2:06 AM, Swiss1960 said:

It can be done, but why live in a city of fun (or in a city that used to be that), when you can not really enjoy the fun?

 

Your base is 50K. You will spend 10K/month on rent, water, electricity, phone. If you are not stupid, you will spend 10K/month on health insurance. That leaves you with 30K or 1K per day. 

 

1K per day in Pattaya is possible, IF... 

- you mostly cook yourself with stuff from market OR live from street food

- don't smoke and/or drink heavily

- don't expect Australian Wagyu on your plate weekly

- don't expect to have a permanent girlfriend/boyfriend

- don't want to travel

- don't want to enjoy yourself with cinema, water parks etc

- don't... basically everything I like to enjoy (except the girlfriend which I replaced by a family)

You will be living a Thai style live and will have to forego many of the perks that you can enjoy today in Australia, because they are cheap (i.e. beef, wine). Anything western in Thailand has its price which might not fit in a tight budget.

 

This is purely based on my experience and my expectations, you will need to define for yourself what you expect your life to look like. 

Well,if You have condo and motorcycle in Pattaya and Thai spouse,it is more than enough for good life 30000-35000K for both .Maybe add 4000-5000 for health insurance.

Let the rapist rot in jail

20 hours ago, bestie said:

Thank you but I'm sorry but that was not the question

But it is the answer.It is not likely that you can even come to Thailand if not vaccinated.

22 hours ago, transam said:

The Limited company ploy, I am sure Patts land office is fully aware of that farang ploy, and perhaps that avenue will come tumbling down at some time...

 

I often wondered how a company that is set up purely to buy a house for a farang, does the profit and loss etc paperwork that a company must do.. Can someone enlighten me..?

First of all,as I know it is propably not legal to have company for only have house on your name???Second ,in a fact you are not an owner,cos You can have only49%.Besides maintain company including paperwork is pretty pricey.

Just now, vukovar77 said:

Only few countries is red listed now.It can change soon as well.

Only few countries is red listed Thailand.

11 hours ago, Will B Good said:

And these tourists are all then prepared to quarantine back in their own countries because Thailand is red listed???????

Only few countries is red listed now.It can change soon as well.

8 hours ago, MrJ2U said:

I'd like to travel domestic but still waiting for my appointment that finally comes on the 12th for Pfeizer.

 

My wife is waiting for the Moderna we've booked and paid for months ago. Now that's only 1.95 million doses.

 

Like many Thais she doesn't want to take Sinovac so we're waiting for something more suitable.

 

 

It was pretty stupid to pay MODERNA (and wait) if PFIZER is available for free NOW!

17 hours ago, RotBenz8888 said:

Sounds incredible. That's more than 1% of their population in 1 day. 

So if they speed up like this they will finish process in about 300 days.

7 hours ago, ikke1959 said:

Yesterday I booked a booster shot for Moderna for next year..I will have my second Astra 20th September , but Thai made is Astra is not approved by the WHO and EU so with only Astra you have to be in quarantine if you go toEurope

I think it will approve soon after some tests .Some countries approved already.

6 hours ago, head bender said:

In Hua Hin we have been treated very fairly I get my 2nd shot on Monday morning. Well done PKK

In Sriracha I got my first shot on 17.08,2nd will be on 07.09. PFIZER. Well done as well.

10 hours ago, JackGats said:

I bought some of this stock. I thought they were immune to the climate change insanity, unlike oil majors in the West.

Well,I try to evaluate all major risk and maybe to buy some PTT stocks as well, but economy is very bad this year and it will reflect to company as well/