SCOTT FITZGERSLD
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Everything posted by SCOTT FITZGERSLD
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the bitcoin can easily fall to 10K and even zero. it is highly speculative and very volatile. a house, on the other hand, will not change it's price so swiftly. so your question is acctually a question of asset allocation. you need to decide how many precentage of your net worth you want to keep in risky assets, and what part in a safe asset. for example, if you decide to keep 40% in risky asset (bitcoin) and 60% in safe asset (real estate) , than you need to adjust each year your assets allocation .
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i think it is secret flight available only for the ones allready in thailand ,from travel agents.
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I HEARD there is a daily flight from phuket to pattaya
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i m not sure what prudent means, but to keep safe i do not transfer any money to thailand. i bring cash and ATM cards...that will not even raise the question weather i earned the money this year... the good thing in this arrangement is that overseas banks are not required to report the account to thailand (just like thailand is not reporting accounts to other governments). this might change when the pandemic is over...
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THERE are many rejections these days, it started to get harder around 3 years ago. i do not do many or large transfers, but allready had two transfers rejected, because i did not mention the right reason for transfer. problem is that each bank and each counntry, and sometimes just some bankers; are making their own rules, and might ask you for tax papers, bank records, and many other crazy stuff. try to transfer 100,000 USD to an account in panama; for example, and see what happans. they want to see your bank records and tax returns 10 years back....and if anything suspicious, they deny the transfer. well, ifyou are atax resident in the west, than you will pay the western tax on what you earn all over the world, and it will be a crime to hide your earnings in trusts. but you are propably a tax resident in thailand , and that is why all is so easy for you, because thailand has a teritorial tax system, which means thailand will tax you only for what you earn in thailand. this makes thailand some kind of a tax heaven.
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well,if it was not an issue i would not write here at all. from my experience. small amounts payments of up to 10K USD are not an issue. but above 50K it gets complicated and banks - in my country at least- demand papers, or deny the payment with no explanations. most of those carribean banks are not accepted at all by some banks. on the other hand, huge amounts of miliions of dollars are accepted easier, because they come from regulated companies. a friend of mine paid 5000 USD to his thai account from U.S. broker. he had to go threw a long AML investagation... i am not trying to distance myself from my funds, but to learn how to prevent potential problems, because, to be honest, i do not even know all the everchanging aws and regulations .. last time i spoke to a lawyer i paid 250 USD for a 60 minutes useless talk. so when i will have the kinds of money elon and larry have, i guess i can afford more lawyer hours.
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i want to sell a second hand ASUS computer. where can it be done in phuket?
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many banks in the developed world will not accept payments from those island banks, or will see them as suspicious indeed, so this is another example of haw hard it becomes to move money, even if earned legally, just because many banks do not even want to budder indeed i am no expert on that mattar and i am trying to learn even if i deal with small amounts, that is because i got problems even when i tried to pay a small amount, something like 700 USD, to a friend in another country, and the bank gave him hard time. so this forum is a good place to share and advice
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2% out of work in Thailand? That's not true says foreign media
SCOTT FITZGERSLD replied to webfact's topic in Thailand News
According to local media here in Thailand, there has been a mistake in the article and the title should read: "2% are out FOR work in thailand", and not : "2% out of work in Thailand". -
2% out of work in Thailand? That's not true says foreign media
SCOTT FITZGERSLD replied to webfact's topic in Thailand News
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2% out of work in Thailand? That's not true says foreign media
SCOTT FITZGERSLD replied to webfact's topic in Thailand News
they dont pay tax at all. did you ever got tax receipt at your local noodle shop? -
unfortunately this is how a collapsed - or better say collapsing - health system looks like. people just can't get the treatments they need, and not just for covid. i can understand the will of the prime minister to prevent panick and fear. on the other hand there is the people right to know so they can adjust. let's hope things will get better from here.
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I saw here an ad for a SPONSORED WORK PERMIT. seems like it is kind of a solution for getting work permit without having to start your own corporation. The way it works is that the sponsored declare a salary to the sponsor - thai company - and than pays the social security and income tax associated with the salary, plus a fee for the sponsorship. Does anyone has an experience with this? Does it mean that with this work permit i can work also in other fields / projects, which are not connected to the sponsoring company?
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cash limit out and into uk?
SCOTT FITZGERSLD replied to clivebaxter's topic in Jobs, Economy, Banking, Business, Investments
the very possesion is becoming a concern for crime these days,in the UK and other western countries. their thinking is : "good guys carry cards, bad guys carry cash". -
I have a tip for the thai police: in silom road near patpong, and in sukhumvit rd. ,soi 4 to soi 14, they could find every night few street stalls full of those sex toys,all kinds of colorfull vibrators and anal plugs, including fake viagra and other wierd pills. nobody knew about it for years, besides the thousands of tourists who walked there every night. how come the police never knew about it (wink wink)?
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china?
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SAME like in aliexpress- they publish only positive reviews and negative reviews might put you in a risk of black listing
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i wanted to buy a smartphone on lazada, some prices were incredibly low so i checked the reviews and was shocked to discover that many people cpmplain about fake phones !! now this is criminal !! selling IPHONE 12 fake as real is A CRIME !! IN the west those sellers would go to jail and have criminal record !!