Leveraged

12 hours ago, Jonathan Fairfield said:

MEA, has released a public defensive statement

Thin-skinned little weenies aren't they

31 minutes ago, RafPinto said:

I am invested in bluechip companies.

Insurance f.ex: Legal and General now paying 6,35%

RDSB, oil on the up and for sure, they will increase the dividend soon.

There are plenty of companies who paid 5% and up dividends.

Why not just buy S&P 500 or VTI and forget all the work of picking individual stocks and all the risk that entails. 

3 hours ago, gk10012001 said:

Best withdrawal calculator.  Put in how much you have, earn, withdraw, inflation, etc

 

https://www.calcxml.com/calculators/how-long-will-my-money-last?skn=#results

These are better. They run "Monte Carlo Simulations" against your exact portfolio and different historical years and bad times in the market to see if you could survive another "lost decade" or "dot com bubble" or "great recession".

https://firecalc.com

https://www.portfoliovisualizer.com/monte-carlo-simulation

3 hours ago, RafPinto said:

Invested at 5% a year, that would generate 50,000$. That's enough to live comfortable in Thailand.

No need to touch the principle. Just leave your money invested.

What would you invest in that pays you 5% a year guaranteed?

3 hours ago, 1FinickyOne said:

yes, spending down 4% still leaves with a greater sum... 

Remember that you've got to increase your number every year over the 30 year retirement to account for inflation. If 4% of assets is $60k per year during year 1 of retirement, the next year you have to add for inflation. If inflation averages 3% then it would look like this:

Year 1 - $60,000

Year 2 - $61,800

Year 3 - $63,654

On and on and on 

7 minutes ago, 1FinickyOne said:

Has anybody tried the 4% approach? 

Thats typically what most people do when they have a 30 year retirement horizon. If youre already older (like 70) you might be able to go higher, if your portfolio has done well (which anyone invested in the last 10 years would no doubt have done very, very well)

10 hours ago, EVENKEEL said:

OK so now after retiring I'm thinking <deleted> I've got to start  spending. It's going to be a new world for me going to expensive restaurants, buying expensive clothes. I used to think about leaving a nice inheritance to my kids, but now I'm thinking you know my son is doing extremely well, my daughter still young might marry a smuck, and he's damn sure not spending or enjoying my money. 

 

Time to start ringing bells.

Sounds to me like you're a prime candidate for a SPIA (Single Premium Immediate Annuity) 

Dont want to leave anything to family? Want to spend the most amount of money and leave nothing when you die? Put it all in an Annuity(s) and let a corporation take all the risk and you get more out of your money per year than you would with a normal retirement SWR of 4%. Payments continue until death, then stop, with nothing left over. 

The airlines and planes are pretty much identical. The hub airports, Dubai and Doha, are big shopping centers and Dubai is fully open with zero restrictions other than loose mask mandates. 
 

The layover airport will be the deciding factor. Whichever layover airports are the most open with the least restrictions is the flight I would take. 
 

Both airlines are great. 

10 minutes ago, robblok said:

Yea it does as this is the medical standard in Thailand and this is a Thai insurance. 

 

Personally i got an far more expensive insurance from an European country. Expat package. But I think they would have more problems with the mandatory stay then a Thai one. 

 

This is goverment law so covered. Anyway you been proven wrong you only don't want to accept what these insurances cover. Its pointless to discuss that as you can't prove I am wrong and I can't prove im right. Unless of course we write an email to the insurance company but im a bit too lazy for that. So i give up.

The odd thing is that there’s so many here that believe (just like you) that you can buy a years worth of insurance for $30 that’ll cover you to sit in a room with almost zero actual medical care and be covered - without even doubting or questioning the policy at all and don’t even know enough about it to actually confirm what you THINK it covers. 
 

So here you sit, raging at some random guy on hard times through no fault of his own, mocking the guy for not buying an insurance product that on its face doesn’t even cover for the things you say should be covered.  
 

No doubt in that mind of yours that you’re somehow smarter and more immune to hardship than the people you sneer at and blame for things they have no control over, taking the side of a dirtbag hospital and a corrupt government. 
 

But whatever, people like you, for whatever reason, are a dime a dozen in Thailand. Big opinions, small on everything else. 

3 minutes ago, robblok said:

Maybe you should read what is covered. That is what these quarantine hotels are. Others on this topic who have this insurance have stated it covers the quarantine too.

 

Like you i got an other insurance that is a lot more expensive but covers a lot.

 

It does not state it does not cover asymptomatic stays. All it says diagnosed covid did not exclude asymptomatic. Plus these hotels have doctors and nurses and are thus covered.  

 

https://www.roojai.com/en/covid/

 

What is the coverage of medical expenses COVID-19?

If the Insured gets diagnosed with Coronavirus disease 2019 (COVID-19) for the first time and needs to be admitted either as an in-patient or out-patient in a Hospital or Medical Facility to receive medical treatment needed with medical standards, the Company shall pay compensation based on the actual amount the Insured paid,not exceeding the sum insured as specified in the Schedule.

“To receive medical treatment needed with medical standards”  

Maybe those 8 words together mean different things to you than they do to me and everyone else on planet earth. 

7 minutes ago, gearbox said:

I got one from Roojai which is legit for 850 baht...bye! ????

 

Seriously, these covid insurances have been discussed in other threads to death...do a search and have a look.

Keyword: legit. You did not get legit insurance. You got scammed because you, like most others, don’t know how to read policies and fine print. 

1 minute ago, robblok said:

https://www.roojai.com/en/covid/

 

Im sorry they increased the price to 1194 bt but as you can read in this topic it was previously under a 1000 bt. Given the fact that this is a case from the past he could have had it for under a 1000 bt.

 

Im not going to look further as i feel i got close enough with this try. No need for you to remove your account even if i can find cheaper. Think this pretty much shows it.

Didn’t even get close as those cheap ass policies don’t cover you for asymptomatic hospital stays. They cover for medical treatment, and there is a stark difference. This subject has been beaten to death on social media outside of this dumpster fire of a forum and there are only 2 insurers who actually pay without drama and that’s AXA and Luma. Both are very much more expensive. 
 

5 minutes ago, robblok said:

1000 bt for a year of insurance

Show me one single link that has legit covid insurance, a year policy, for 1000 baht, and I’ll delete my whole account and never post here again. 
 

2 minutes ago, robblok said:

No you would not, I would because one could have bought a insurance for a 1000 bt. 

 

So are all those people me included who bought insurance idiots. Because following your reasoning people should not pay hospitals because we are victims of a pandemic.

I don’t know of any legit covid insurance that you can buy for 1000baht, and just because you can afford it, doesn’t mean that others can too. 
 

Seems like you’re just sneering at people less fortunate than you who are hard-up through no fault of their own. 
 

We aren’t talking about some dude who skipped out of bills, the guy lost his business and his income because of the virus, and here you are giving another kick and a sneer.

2 minutes ago, Tropicalevo said:

I never take my passport with me. Just a Thai DL. Always accepted.

Remember though that there are lots of foreigners here that happily hand their passport over to back street motorbike rental places.

I would imagine that the hospital staff and other random idiots involved would have no problem ganging up on an isolated foreigner and blocking them from leaving before they hand over some form of collateral. Thais and thai police are not shy of violence

Stories like these should always serve as a warning to all potential long stay expats of how institutional the just-behind-the-smile bigotry is in this country. 

Backed into a corner and passport taken by a hospital of all places. 

2 hours ago, itsari said:

In my case the surgeon was far more experienced than the private hospitals and a whole lot cheaper .

 

In your case, the surgeon, in 99% of cases, works at both private and government hospitals at the same time. 

The problem with private hospitals vs government hospitals argument is assuming that you will have a choice. If you have a medical emergency and end up at a private hospital, you’re assuming that you’ll be in a stable condition with time on your side to “hospital shop” for the best rates for your care. 
 

It’s why insurance is important. Sure you can pay for scheduled surgeries and shop around for operations at the best rates because you’re paying cash, but that logic doesn’t work if you’re in a medical emergency and need care immediately and at the closest facility. 

20 minutes ago, dj230 said:

Global markets were barely affected, but we will see, I would assume stocks dependant on China growth and anything tied to Everglades situation directly to be affected. 

Both US and International indexes have taken a pretty good hit, knocking back several months worth of gains. 

22 minutes ago, 4MyEgo said:

Understand, that is why I have insurance, that said, if I couldn't get insurance because of age, I would put $100k in a Thai account, suffice to say I have funds that are overseas in a bank account earning zero interest, that is just the way things are theses days and that is my back up position, e.g. if my investments crash, I will need funds, as a fall back position even though I am not receiving interest, it doesn't bother me, so if I had to put those funds in a bank here, I would, that would be my insurance. 

If you’re worried about a crash, then you bolster with bonds, not cash. 
 

End of the day for most normal people with a couple million in investments, it’s against any logical strategy to hold cash for the long term unless you cycle through bonds/CD’s/ or short term annuities. 
 

Most insurance politics I’ve looked at that cover multiple millions of baht from a reputable company that will cover you in mid-range hospitals - the premium SKYROCKETS at you get up around 60+ and exclude pre-existing conditions. You’ve gotta get in early and stay in for the long term and insurance in your 80’s is 200,000 - 300,000 baht a year.