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mfd101

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Posts posted by mfd101

  1. 46 minutes ago, cheshiremusicman said:

    Seems to me, that the Thai authorities should start to look at a scheme where they look at your track record and start to say 'This person has meet the necessary requirements for the past 5 years', so instead of granting an extension of one year why not make it two, and when you have been here for say 10 years make it a 5 year extension. Surely, if you have been here for that length of time you have proved that you can sustain yourself with your income no matter what it is!

    You're being rational again!

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  2. 22 minutes ago, tropo said:

    Really? You are feeling rather confident. Are you going to apply for an extension before the end of this year? I will be getting mine in the first week of January before the Australian Embassy cuts the service on January 7, hoping to use it in late June next year, but not feeling nearly so confident as you. What is the basis of your confidence? Leading people into a false sense of security is worse than scaring them into taking active measures to ensure continuity of annual extensions. Running scared, I have 3 backup measures:

     

    1. Starting to transfer 65k per month to my Thai account.

    2. Getting the 800k ready to transfer and season for 3 months.

    3. Obtaining my income letter 6 months early, in case they are still accepted.

    Excellent. ✓✓✓ Precisely what EVERYONE should be doing.

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  3. 18 minutes ago, bubba said:

    Not sure what you mean here with regard to share sales. Do you mean borrowing the funds on margin to buy the shares? That could get very expensive, including the margin interest and the potential for substantial losses.

    I'm not talking about share sells in particular. I mean people who really don't have the minimum of 65K a month. They could in theory get around that (in the same way as the 800K in the bank for 3  months people can do) by borrowing funds from a lender of whatever kind, pay it into their Thai account to reach the minimum average over time, then withdraw the funds & repay the lender with interest.

     

    That is - it seems to me - less likely to occur if the 65K is a monthly minimum, not an average.

  4. 11 minutes ago, bubba said:

    Why would it be considered dodgy if you have an investment portfolio and sell off assets such as shares as you need the money? That is easily verifiable and for many, it works out to much more than 65K baht/month. 

    Borrowing & paying it back. The shonky types would be more likely to do that with an averaging system that allows them to borrow & pay back, say, once every 4 months, than with a monthly minimum system (because of the credit costs potentially involved).

  5. 1 hour ago, KittenKong said:

    To have the UK governed by referendum would be stupid simply because most of the population are morons. Just like every other country. They mostly dont know what day it is let alone what Brexit implies.

    Yes, you've put it rather less delicately than I did.

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