2009

2 hours ago, nigelforbes said:

Productive assets, for example?

 

With inflation running at (insert your own number here, I'll call mine 8% or X) at X%, there is no investment that I know that can equal that sort of return, not on any reasonable risk/reward basis.

 

 

 

You'd get that on a rental property (property valuation increase and also rental income)

9 minutes ago, Mac Mickmanus said:

That's if you have the money to buy a property out right as the mortgage repayments are now taxed and you need to hope the tenants can keep paying rent , because if they stop paying it can take about one year to evict them and will end up costing you a five figure sum .

   Many U.K landlords are selling up due to new laws favouring tenants  

That's a good point. Things have changed recently.

Thais are fine at driving a vehicle, but it's their attitude on the road that stinks. 

19 minutes ago, thaibeachlovers said:

5555555555555555

That's why so many landlords are selling their houses in NZ is it? Because they were making so much profit? LOL.

My sister used to rent out her house but had to stop as she was losing money at an affordable rent.

Guess there's no hope for some people ????

16 minutes ago, thaibeachlovers said:

I lost more on travel insurance I never needed than any amount lost by inflation on savings.

Now I don't need travel insurance I'll be winning.

There's no logic here.

You don't need insurance, until you have a heart attack abroad. Or get malaria. Or get hit by a car.

16 minutes ago, thaibeachlovers said:

I do. At least I know my money won't vanish.

 

BTW, with increased interest rates I'll be getting more interest from bank and as I don't have debt I'll be winning on that.

Ever heard of inflation? Vanish.

And you know your expenses don't end when your ability to work stops.

Your money makes money for the bank. Only they win. Your interest isn't more than inflation now, you are still losing 

17 minutes ago, thaibeachlovers said:

LOL. Millions never invest in the stock market and are financially secure. Conversly, the only person I knew that did invest on it lost everything.

Oh yeah, like the millions in the UK who can't turn their heating on and are sitting in the homes now with jackets on.

Yeah, right.

9 hours ago, Mac Mickmanus said:

You are guaranteed interest payments when money is in a bank , where else can you put the money where its guaranteed you will get your money back with interest ?

How much interest do you get?

That's the question.

And to answer your question: rental properties virtually guarantee a return on investment. Pretty hard to lose money buying a property to rent out.

2 hours ago, Mac Mickmanus said:

Where is the best place to keep money ?

Productive assets, obviously.

Wait, you didn't think the best thing to do with your money is to give it to the bank so they can lend it out at 10% return for themselves and then give you virtually no interest. ????

On 11/28/2022 at 7:57 AM, Chomper Higgot said:

There is only one guarantee in financial investments, the fees.

The only thing guaranteed by keeping your money in the bank is losing it to inflation.

Your mealtickets are going to zero.

They require a copy of rental lease, and owners ID card, and housebook, I am sure.

I suppose copies are all ok? They won't want to see original house book or anything?

24 minutes ago, ubonjoe said:

Have you applied for one at another office before?

The primary requirements would be the same. 

Proof of being the legal father of your child would be the biggests requirement..

Yeah, at a different office.

I have the child legitimization document (and birth certificate)

The previous office wanted me to get a new print out of the child legitimization document from the Amphur each year, rather than just making a copy of the original document.

Not sure how Chang Wattana feels about that.

I know vise extension requirements vary from different immigration offices, different regions, and also different immigration officers even.

Anyone got up to date experience at Chang Wattana doing the visa extension based on being a parent of Thai child?

What documents did they require?

Thanks 

3 minutes ago, Chomper Higgot said:

You’ve simply made a gross and baseless generalization

This is pretty much your answer to everything. Lol.

I think you are well aware that people spend money a fair bit on vices, addictions, entertainment, conveniences, and pleasure.

And surely you are aware that Brits of all classes go on annual holidays abroad (usually a week or two) which is pretty much engrained into the lifestyle.

They could be saving money (obviously) or buying assets instead, but they aren't very financially literate -- which isn't actually their fault cos schools don't teach it and families remain in the dark on that topic.

However, they all have smartphones with internet access and it's easier than ever to get information and it's also easier than ever to buy shares.

If they aren't willing to help themselves, it'll never happen. Can hardly blame anyone else.

They've got everything on a plate in the UK: good free education (even university is free in Scotland), good free healthcare, the dole, other social allowances.

There's no excuse.

17 minutes ago, Chomper Higgot said:

“

The same people you talk about probably spend a few hundred pounds a month on cigarettes, dope, booze, and take aways.

Not to mention, their annual holiday to Spain for the whole family for two weeks that costs a few grand,”

 

All baseless assumptions you need to dream up in order to make the rest of your views on the matter fit.

How are you not aware that everything I just said is really common among in the UK, and most of it in the lower classes too.

On 11/19/2022 at 8:19 AM, Chomper Higgot said:

People who can’t afford to pay their bills or even eat regular meals don’t have spare cash sitting around to invest in anything.

 

That you refer to people as peasants is explanation enough of why you don’t understand this.

You think English teachers in Thailand rake in loads of cash?

Buddy, you don't know me.

I work 2 jobs to be able to invest something.

The same people you talk about probably spend a few hundred pounds a month on cigarettes, dope, booze, and take aways.

Not to mention, their annual holiday to Spain for the whole family for two weeks that costs a few grand, lol. Come on, Higgy. ????

They can invest something.

They can work overtime.

They can get a 2nd job.

But they don't want to. Up to them.

5 hours ago, thaibeachlovers said:

While I agree, I think a snowball in hell has a better chance of not melting than a real redistribution of wealth.

After all, who makes the rules?

What the peasants need to understand is to buy assets.

And I don't mean just buy a home.

The reason the regular people can't get ahead is cos they just sit with cash in the bank their whole life's and never invest.

Nothing to do with "rules"

On 11/3/2022 at 5:02 AM, 2baht said:

I think they are happy living in the Third World! As long as there's rice in the bowl.................................! ????

Well, the average villager has: a house, a vehicle, and  a million in farm land.

They ain't actually poor,so of course they are happy.

5 hours ago, kwilco said:

openly racist comment.

Sexist comment.

Not racist.

On 11/22/2021 at 11:15 AM, RafPinto said:

A lot ofThai men don't care about their children.

Bum bum and off you go.

 

The burden is on the young mothers.

In order to support their child/ren, they often most go to bigger cities to earn some money to support child and parents.

No legal requirements for men to support their children.

 

For this, many thai women are keen to get a farang.

This isn't accurate.

Many Thai women don't care for their children either.

Bum bum and then let their grandmother raise them. It's cultural and normal in the lower classes.

They can then go off and make 50k a month doing massage in Phuket or 100k in Japan/Korea and their kids will still be utterly neglected. Cash is the most important thing.

And often after separation, the father is told to go and not show face again. He basically losses access to his kid because her family takes control. But they will then say, "He no good. He ran away." Bull <deleted>.

They don't do amicable break ups here. My EX explained this to me when we broke up and were discussing custody. She described it as Thai culture to become mortal enemies after a break up and never see each other again. Childish, of course. 

And not that many are interested in farang, by the way.

6 hours ago, JeffersLos said:

Actually, you're almost certainly incorrect.

 

Pedophilia involves prepubescent children. 

 

 

Here we go again......