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mngmn

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Posts posted by mngmn

  1. 31 minutes ago, johng said:

    In some places they seem to have come up with "a cunning plan" of taking the tables and chairs off of the road turning off the lights and music..but still open.

    Standard practice for years. Next step is serving Heinekin in coffee cups. Air-conditioned bars will pssst you as you walk by and invite you in and lock the door behind you. All good clean fun on religious days etc etc but seriously...

  2. 37 minutes ago, from the home of CC said:

    imo this self quarantine business here and in other countries is bs. I wouldn't count on people these days to do the right thing, there are just too many out there that are just looking out for themselves and don't give a damn about anyone else. You would almost have to lock people up to get them to adhere to this.. 

    Max $50k fine and possible prison sentence for offenders in Western Australia and yes the police are doing random checks.

    • Like 1
  3. 2 hours ago, topt said:

    My understanding is that is the rate of withdrawal from your "pot" every year so has nothing to do with a rate of return on your investments - which at the moment if in stocks and shares like many, including me, are likely to be seriously underwater.....

    The safe withdrawal rate of 4% is the rate at which you can safely withdraw from and investment over the long term without reducing the real value of your capital.  I used it here as a benchmark rate to illustrate that the OP is ignoring the opportunity cost when deciding to buy a condo. Another way of looking at it is that living in a condo that you paid cash for is not free.  Over the long term it is costing you 4% of the purchase price every year.

     

    Safe withdrawal rate is a long term measure and ignores stock market volatility which as you say is highly relevant right now.  But keep in mind the old investment adage that 'time in the market is more important than market timing'.

    • Like 1
  4. 8 hours ago, Andy75 said:

    Thanks very much for this.

     

    I can use a friends address in UK for everything, I’d just have to make sure the HMRC don’t think he is renting etc.,

     

    Also I thought about buying a cheap condo as I would make the money back in rent over 10-15 years if I stayed in Pattaya, but chances are I’d travel around and stay different places ‘if’ I met someone, and much nicer places like you said.

     

    I seen the criteria for the retirement visa, would there be implications for this,  would it be best to go for this or better to stay on extended visa for ‘holiday’ purposes?

     

    Cheers.

    You are ignoring the potential return you could make on 50k. Invested at 4% it would be worth 74k after 10 years. In other words baht 8k/month.

     

    Pre-empting the deluge of posts asking where can you get 4%? I would say 'not from a bank' and suggest you google 'safe withdrawal rate'.

  5. 1 hour ago, jaiyen said:

    So does that mean when my wife returns from Bangkok that she will have do do self isolation at home and how will that affect the rest of the family ? Will they all have to stay at home or can they go out as normal and possibly be carriers ? Need to know !

    https://www.health.gov.au/sites/default/files/documents/2020/03/coronavirus-covid-19-what-you-need-to-know_2.pdf?fbclid=IwAR1YWhDSdXc2X0m4efGdFZlzvP4swdKsdaLvEi3Hhc5UPO9h7KEqXSNyOYQ

  6. 3 minutes ago, BeltAndRoad said:

    Been years since i've been on their website.  -Founded using an "ACT"  - Stated not a government department.  -classed as a body corporate  -logo is a cool looking star wars fighter and not the coat of arms.  You have me on not being able to prove who controls it. Yet it is clear it is unconstitutional and out of control of "we the people".

    https://web.archive.org/web/20010417233517/http://www.rba.gov.au/FAQ/role.html#own

    Can you imagine if the Government was allowed to determine interest rates prior to a general election?  You need to stop looking for conspiracies and recognise how great our system of Government actually is.  Come back to me in about six months and we can compare how a democratic system of Government has fared compared to a country run by a yob with a few tanks at his command.

    • Like 1
  7. 10 minutes ago, BeltAndRoad said:

     

    haha nice edit, can you point me to your source for the above statement.  Then show me where it says the RBA is entirely owned by the "Commonwealth of Australia"

    I post this with some trepidation as information usually fans the flames of conspiracy...

     

    https://www.rba.gov.au/qa/  "The Bank is a body corporate wholly owned by the Commonwealth of Australia".

  8. 34 minutes ago, BeltAndRoad said:

     

    Your funny, your referring to a balot box as some beacon of democracy right?  Even the Congo roll out a balot box now and then.  Can you tell me if you are able to vote for the people at the Australian Reserve Bank that control monetary policy at these balot box's?  Because if you cant then that would suggest that the Australian Reserve Bank and Australia's money supply has been privatized.  Privatize the money supply, not sure where i've heard that before. Oh yeah Karl Marx's communist manifesto.

    Been vaccinated against conspiracy theories... 

     

    BTW its 'ballot' and 'Reserve Bank of Australia' which dates back to 1911 long before 'privatised' was in the English vocabulary.  The RBA is entirely owned by the Australian Government and serves as useful mechanism to prevent Governments pursuing unwise populist policies when seeking re-election.  Might be worth noting the sh*t fight going on between Trump and the Federal Reserve in the USA which serves roughly the same purpose as the RBA.

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