Naam
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Posts posted by Naam
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1 hour ago, humbug said:
i for one want foreigners to live on this land, i 'dont' want less foreigners as its patronizing to every foreigner trying to live their lives. I will never be hoodwinked in believing the pension letters was the embassies fault or this retirement new requirements blame on agents or wealth.
Its about a nationalist criminal gang backed by the chinese state having one of their booty boys keep looking at ways to reduce long term expats. An absolute disgrace in my eyes but some like you want this, which is perverse
humbug = nomen est omen!
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9 minutes ago, wgdanson said:
Are you saying that it is easier to buy a flight to somewhere, drive to the airport a couple of hours before departure, go thru security a couple of times, queue up to get on, sit in the plane for a couple of hours, queue up to get off, queue up for immigration, and then do it all again to come back....than to drive to the nearest immigration office to show your passport, or do it by post or online.
i'm not saying anything but quoting the chap who's girlfriend is not liable to do any 90 day reports.
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10 minutes ago, LivinLOS said:While I also tend to keep plenty of cash or cash like assets on hand..
I like a lot less moving them into Thailand.. Reduces the liquidity which is why I keep cash-like assets..
keeping the equivalent of one year living expenses cash in domestic currency only reduces liquidity if one is struggling to make ends meet.
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11 minutes ago, hottrader77 said:38 minutes ago, Naam said:
my wife is 0% Thai and her behaviour is "minus 50%" Thai.
by the way... for the last 15 years holding THB cash provided a very acceptable yield over most major currencies kept in cash. that's something the resident financial wizzards either don't seem to know or flatly reject because it does not match their perception. for as long as we are resident in Thailand (>15 years) the bottom line was "Baht appreciates" and during this period one finds many dozens, perhaps hundreds of postings with predictions the Thai Baht will crash... any time from now. yawnnnnn...
examples:
+46% above Pound Sterling
+42% above €URo
+28% above US-Dollar
+26% above AU-Dollar
1. thats for now , but if uk stays in EU the pound sterling will rise back to 60 baht to pound and your 46% will end up being 20% up and if the pound rises to 80 baht to pound you will be -6%
2. then you will be wanting to move it back to uk
1. you have my permission keep on dreaming
2. the last time i held GBP (UK sovereign debt) was 1978-1982 when when British gilts yielded 12-14%. by the way, i'm not a Brit, moved nothing out of the UK and have no plans to move anything to the UK. that doesn't apply to my wife's annual trip to London.
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10 minutes ago, Date Masamune said:19 minutes ago, Ctkong said:Correct. If time is of essence to you, then just plunk down some money for a thailand elite visa. Pays itself back many times over. I bought one for my myanmar girlfriend and coundn’t Be bothered with the immigration rules. She just fly somewhere before 90 days is up and got a new stamp upon entry. Easy . In fact she flies about 8 times a year so no problem at all.
Why should she fly somewhere every 90 days when Thailand elite is 1 year stay? A fake story perhaps?
to avoid the 90 day report. as simple as that.
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Just now, JackGats said:"The remaining balance must be no less than 400k". In other words you can no longer get back the remaining 400k even if you leave Thailand for good. If you liquidate your account you're breaking the law.
BS
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6 minutes ago, no deal said:48 minutes ago, MrPatrickThai said:
Good point but most people would keep less than 3 million in a Thai bank account when it could be making more elsewhere. I have high expenses and only keep around 500k max here. I can easily transfer more if needed.
that the way to go smart guy!
indeed smart for some but totally irrelevant for others. it is prudent for those who invest in and trade high yield/high risk assets to keep a rather high cash quota partly in order to balance risk but also being able to act (buy) when opportunity knocks at the door.
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9 minutes ago, ocddave said:12 minutes ago, hottrader77 said:
i agree with alot of what you say maybe they want to eliminate the companies putting 800,000 in peoples accounts till they get a retirement visa then the company withdraws the cash after this might stop that from happening so only people who have got genuinly 800,000 baht can stay here , but there is also a case for example the pound sterling is only a rip off price of 40 baht to the pound sterling if you kept 800,000 baht in an account over here in a thai bank and if uk stays in EU the pound sterling will go up so lets say it goes upto 55 baht to the pound sterling you will have lost over 30% than if you had left it in your uk bank and at the moment we are at a point where depending what happens in brexit the pound will either go up or down , the experts have said that if uk leaves EU the pound could go down to 29 baht to the pound sterling but then again if uk stays in EU then the pound sterling could go upto 60 baht to the pound sterling we will know soon what happens also
I think if I had a lot of money in the UK, I would have moved it out by now to a more stable currency, unless you like playing the odds.
the problem is that the focus of too many investors is on their "home currency" which is totally irrelevant if their living expenses are in a different currency.
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25 minutes ago, worgeordie said:
Only 3 million ,but you present yourself as been richer than Croesus ?????
regards Worgeordie
please translate the precise meaning of your comment in a language i master and provide some proof for your claim except that you don't like facts.
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26 minutes ago, MrPatrickThai said:32 minutes ago, Naam said:somebody who retired at age 46 and lives since nearly 30 years a very comfortable life (like the Mrs and my[not so] humble self) does not require financial advice in a forum where the majority of participants moan about Thai immigration's financial requirements.
Good point but most people would keep less than 3 million in a Thai bank account when it could be making more elsewhere. I have high expenses and only keep around 500k max here. I can easily transfer more if needed.
for us it does not matter where we keep our cash which is never less than 25-30% of our assets, sometimes even 50%. fact is that offshore cash, e.g. Singapore and Europe pays for USD and €UR zero% interest. Thai Baht pays only a pittance but as far as cash is concerned the currency appreciation (see my earlier comment) is acceptable.
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6 hours ago, sfokevin said:9 hours ago, Naam said:i don't think for the last 15 years we ever had less than 3 million Baht credit balance in our Thai bank account.
Your wife must not be 100% Thai...
my wife is 0% Thai and her behaviour is "minus 50%" Thai.
by the way... for the last 15 years holding THB cash provided a very acceptable yield over most major currencies kept in cash. that's something the resident financial wizzards either don't seem to know or flatly reject because it does not match their perception. for as long as we are resident in Thailand (>15 years) the bottom line was "Baht appreciates" and during this period one finds many dozens, perhaps hundreds of postings with predictions the Thai Baht will crash... any time from now. yawnnnnn...
examples:
+46% above Pound Sterling
+42% above €URo
+28% above US-Dollar
+26% above AU-Dollar
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9 hours ago, MrPatrickThai said:9 hours ago, Naam said:i don't think for the last 15 years we ever had less than 3 million Baht credit balance in our Thai bank account.
next good advice please.
You need some sound financial advice if that's the case, which I highly doubt ????
somebody who retired at age 46 and lives since nearly 30 years a very comfortable life (like the Mrs and my[not so] humble self) does not require financial advice in a forum where the majority of participants moan about Thai immigration's financial requirements.
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9 hours ago, Justin Side said:9 hours ago, MrPatrickThai said:
This has to be put in a pinned post at the top of these forums!!!
it is absolutely disgusting how these pensioners despise Thailand then are surprised when they are not wanted.
It is? Oh. Bizzare post.
not all all bizarre but a very valid point.
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7 minutes ago, randy723 said:48 minutes ago, no deal said:
I am married and have about 150000 tb a month all that money come from over Europe and America wired to my bank account directly and I never have any problem from immigration,the problem come from people who don't have the money and try any thing they can to pass and that make every thing hard for other people!
no deal you are full of SH**.
1. I have a retirement income of over 350,000 baht per month but I do not have it sent here and put into a Thai bank with NO interest. I leave it in my bank in America and draw 1.75% interest so you are very wrong
2. and should be ashamed of your self or saying people who use the 800,000 are poor expats who do not have the 65,000 each month income. so no deal go craw back into your hole
1. the 1.75% in your home country are most probably a loss considering the Baht appreciation.
-you can get the same yields in Baht with Thai banks on fixed deposits and participate in the Baht appreciation.
-refusing to keep less than 2½ months income to match immigrtation requirements is ridiculous.
2. both "no deal" and you have a valid point.
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1 minute ago, MrPatrickThai said:4 minutes ago, Naam said:
that can be easily verified at the next extension.
If 800k is too much for you, you could borrow it for the time required, wouldn't cost that much.
i don't think for the last 15 years we ever had less than 3 million Baht credit balance in our Thai bank account.
next good advice please.
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2 hours ago, TallGuyJohninBKK said:
1. the above info doesn't explain how Immigration will conduct the "three months after" verification???
that can be easily verified at the next extension.
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10 hours ago, madmen said:
Why would a thai get angry and pretend punch you in the head for liking chilli?
soup with high yaba ingredient?
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11 hours ago, bigrobtheactor said:
Thanks Naam. I've been coming here since the 80's and have definitely noticed something weird, strange and hostile. It may be that you have already mapped out your "comfort zones" and stay mostly tucked safely within them.
guilty as charged Your Honour!
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7 hours ago, mikebell said:On 1/26/2019 at 8:50 AM, bkk6060 said:I have never had a problem with the police they have absolutely no influence on my life because I have all my documents and stay out of trouble.
A shame if others cannot do the same.
What uncaring <deleted>! I too have all my papers, including Thai car AND motor bike licence; fourteen 'retirement' visas. I have been falsely accused by a cop; my wife subjected to extortion or my visa would be 'difficult' next year. My s-i-l had a car stolen & the fat cop refused to investigate unless I crossed his (greasy) palm with silver (to the tune of 10K.)
How do you avoid being rammed at a U-turn whilst stationery by two tearaways? How do you stay out of that trouble? What papers would you advise I carry?
it is wise to carry always a small bundle of papers with the portrait of His Majesty the King.
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1 hour ago, DrTuner said:
The smog is unfortunately ruining the weather now and smack in the middle of the dry season, which is usually very pleasant.
no problem in the outskirts east of Jomtien.
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2 hours ago, Wallander4 said:
Give it a rest with your thai apologist nonsense
i'm not a Thai apologist. unlike the Thai bashers i don't present assumptions drawn out of thin air but state facts.
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3 hours ago, HalfLight said:
Yes, i understand. I'm glad you didn't directly compare the 'civilised' life in Europe with the 'civilised' life in TL though, they don't really compare very well in my experience, but on balance, I don't think I'd be going back to Europe any time soon. Each to his/her own. Though I don't recall seeing any tornadoes in UK. Not recently anyway.
we also have no plans to go back. can't afford our Thai life style paying 45% income tax. by the way, in Germany we had tornadoes, blizzards and floods. and floods you have in UK too.
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2 hours ago, bowerboy said:
In what way is my statement incorrect? What parts of the statement are not true?
I said Thailand is good at Prostitution...I did not say all Thai women here are prostitutes.
you made a generalising comment insulting all good Thai people and "there" [sic] daughters who are working their àrses off in fields and factories for a pittance. shame on you to deny it!
QuoteThere are plenty of poor countries and plenty of Buddhist countries but no country has ever been so utterly willing to sell out there daughters to pay for their lifestyle.
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3 hours ago, bowerboy said:7 hours ago, Naam said:
please enlighten me why it can take a lot of money to move back. all it takes is a ticket, a few days in a hotel/AirBnB and a couple of months rent. please consider my question a rhetorical one if the cost for a ticket, hotel and rent is "a lot of money".
Really? So you can just turn up in the U.K or Australia or wherever with your Children and Thai wife with no visa? And to the visa do you just rock up to immigration and apply or do you need a job money house etc etc first? Moving furniture etc?
We are talking of relocating a family here not a single guy...not sure if your intellect can stretch that far to absorb the points of the conversation.
if you were talking about relocating a semi-Thai family i apologise. however i can't detect any mentioning of a family in your content (see below).
Quotebowerboy said:
Again though i do know that it can take a lot of money to get back into your home country if you decide to go back and that it just may not be financially possible for everyone..in that case then the situation is different
yes, i commented based on my/our personal situation, i.e. neither Thai wife nor adopted Thai children, enough coin for a container, buying two tickets and staying in a hotel till we decide whether to buy or rent.
Foreigners now need to keep 800k in Thai bank for three months AFTER retirement extension is granted
in Thai Visas, Residency, and Work Permits
Posted
as the OP's girlfriend leaves 8 times a year Elite Visa would have a hard time to do her 90 day reports but possible if she lived on Jupiter or Saturn.