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Posts posted by jaideedave
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3 hours ago, JeffersLos said:
I have a Non-O extended annually for years, Thai bank accounts with BAY, Bangkok Bank and K-Bank, Thai pink ID card.
I'm looking to set up an SET account that will pay dividends into my Thai bank account.
Where? And How?
TIA.
As others have said. <Bualuang Securities> very easy and a manager helped me in every way.I invested in a REIT that paid divvies monthly or quarterly I forget. The dividend went directly to my Thai bank account. Very professional and easy. It was a few years ago and some things may have changed.
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10 hours ago, CartagenaWarlock said:I bring 2K USD/month to Thailand using Wise to my Thai bank for my cash expenses. All other expenses are either credit cards or direct payments to people, not to my account. Do I pay taxes if I withdraw 30K Baht each using an ATM twice a month? How will the Thai government track how much money I have brought to Thailand for tax purposes? They can't use ATM withdrawals because, in today's society, tourists are expended to use ATMs.
I like your way of thinking.With millions of tourists using ATM,s year round how could they possibly track you down unless something jumps out at them.They only issue is that we get a crappy ex rate using an ATM.
Look at the 90 report debacle and SIM card registration. They can't even keep track of whos in the country at any given time.
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11 hours ago, JimTripper said:
I don't think you can just walk out. I have been to dental centers and a hospital here and the cashier is right there before you get to the elevator and they are definately watching so you don't leave. I had a question at the cashier last time and staff immediately appeared behind me quicker then usual. I think they would call security if he just walked out.
A few years ago I had quarterly Dr appointments at BPH heart center.
When done with the Dr a nurse would accompany me to the cashiers window on the next floor and didn't leave until my payment was completed.
It got to the point where I almost said something like "whats up don't you trust me?" and then I realized that they don't!
It pissed me off because my insurance company at the time paid out well over 1 mil previously for bypass surgery.
After checking the thick invoice I noticed the bill was well and truly padded.pricks
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14 minutes ago, BritManToo said:I'm paid a pension every month, then i spend it.
No need to track anything.
Same here BMT..Like you my pension gets transferred here every month and I use it all.My nest egg is separate from that.
I'm fortunate enough to have no debts so its smooth sailing.
BTW..are you mending okay since the H&R incident?
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6 hours ago, lopburi3 said:
As has been noted foreign death is a matter for their Embassy to take care of and body will be held until Embassy allows release (and perhaps bills paid). Embassy will attempt to contact next of kin and provide them contacts to help locally. If next of kin is Thai body can be released with proof of relationship, but would advise having that information on file with Embassy if possible.
I have a will made by my Thai lawyer stipulating that I want a Buddhist cremation arranged by my Thai wife.
Her and her family know this.I can't imagine any issues popping up but TIT.We,ve already selected the temple. 555
I don't keep large money in the bank and she has my pin #s.
Our assets are mainly gold so no need for probate etc.
In my estate planning I've downloaded and mostly filled out the appropriate forms for her to begin receiving a Survivors Pension from my gov't.
I do believe and hope I didn't overlook anything.
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I've been buying stuff from them off and on for about 20+ years.I think the old mom & pop have retired and the son has taken over the reigns. The original owners were always friendly and helpful no matter the malady. I dealt with the son once and he seemed on top of things at the time.
I'd recommend them for sure going by past experience.
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E-bay/Amazon works for me.However I've noticed that shipping has gotten very expensive since CV.If you can find farang sizes here get them locally.
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4 hours ago, ezzra said:Chinese police to patrol in Thailand? who's stupid idea was it? and what pray tell, would be the powers and authority of those foreigner police in case of troubles? the same as the Thai police? will they concern with Chinese tourist only or all tourists?...
OMG..There are several "Chinese" police offices in Canada.Allegedly to assist chino tourists.In reality they're looking for targeted individuals/dissidents to shut them up.Once they have a foot in the door who knows what authority they will take.This whole idea stinks.
Chinese coppers on Walking Street. sheesh
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While we're on the subject.
We've lived in the same house and mooban for 16 years.Last year the old house next door was knocked down and a 4br "pool villa" built . It's advertised on Booking.com by Chinese investors.
Every 3-4 days a new group arrives and and it's party time.Getting woken up at 3am is no joke, when they get back from the clubs they head directly into the pool which is on the side that abuts our br. I'm investing 40k on new laminated widows in the hope it works.
Apparently we can complain to city hall...but how effective will that be?
At any rate its a residential area and not commercial.Isn't it basically a hotel?
I'm not very optimist...anyone?
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On 11/10/2023 at 5:59 PM, ChaiyaTH said:
I thought this was a joke post but the OP is actually serious, get a life. If you are that cheap you could have gotten your dollars upfront outside of the country too, and once you have dollars, you can just pay in dollars anywhere too, no need to change it. Whining over 120 riels, 0,029 USD cents lol.
Even you would lose 20 dollars on your exchanged money, you get cheap beers that earn it back already after 10.Agreed,I spent a month in PP earlier this year.I bought USD with THB in LOS before I left.
It was easy from there on in.No hassles with changing money and painless as things were mostly less expensive in some places.
Arrive with USD cash is my advice. To be honest I never tried an ATM withdrawal so I can't speak about fees.
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29 minutes ago, Lacessit said:
Where did you rent those chins?
She's got more chins than the Hong Kong phone book.
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I've had more p___y then you've had hot meals.
Fight,f__k or hold the light!
She hit every branch of the ugly tree on the way down.
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My stepdaughter works at King Power.They are down in sales significantly. They are juggling staff between Pattaya, Bangkok and U Tapao every month.The heyday is over for them.
She says some days her sales are zero or only a couple thou.
Pre CV several tour busses would arrive each day and her sales topped out at 200k per month.
I've advised her to have a plan"B" just in case.
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1 hour ago, rickudon said:
My main interest in this is how are they going to assess the amount of money you bring in to Thailand. In my case, most of it never sees a Thai bank account.
In my case my pensions total about 70k/ month.My tax free amount is around 400k/year.(400 div by 12) =33k transferred into my bank acct and 37k in cash from an ATM for living expenses.There's my 70k. That just might work.
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1 hour ago, scubascuba3 said:
A motorbike is part of expat life otherwise you will be restricted to the baht bus and most likely spend most of your time within a square mile
Good point.When I 1st came to retire here I moved into Diana Estates because of thre location right in the guts of the action.
After 1 year it got old and I moved further afield.
You correctly said it, I spent most of my time withing 1 mile of the place.I never needed a bike/car but used baht bus all the time or walked.
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1 hour ago, Brian Hull said:
Extending bar trading to 4AM won't add one baht to the economy. Tourists have $X to spend on food and booze and if they do so at 3AM or 4AM they will spend less next day or later. All this will do is make the current breed of badly behaved idiots even more obnoxious, with a great increase in violence plus damage to health and safety. I am on the side of the cops. Who needs even more booze after 2AM? If they do, then they could drink in their rooms.
Just what we need.They knocked down the old house next to ours and built a big 4br "pool villa" available on Booking.com.So will the 3 am pool parties we suffer now become all nighters?Not a damn thing we can do about it.When we complain to the owner she says call me and I'll stop them.She never replies to our complaints until the next day.
Seriuosly thinking of selling up and moving after 16 yrs in this house.TIT, but where is it guaranteed to be quiet? Sleepless in Pattaya.It was a very quiet moo ban until this Chinese invasion. The new owners are investors and not residents and therefore don't give a rats ass.
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18 hours ago, pomchop said:
I remember last year that after paying the 1900 baht i was given yet another number and told to wait for passport....but the wait then was maybe 20 minutes....it is absurdly obvious that by the time u get to the pay money stage that all your docs and copies have been gone over 3 or 4 times already so stamp the damn visa in there give me my passport and be done with it. But NO. Go wait some more.
Talking to several other guys there and we decided the reason they do this is to make it as inconvenient as possible to encourage more use of agents to increase the bribe $$ they receive from various agents....not sure but if that is the goal but they sure have figured out how to make it all a total clusterfxxk....
I've been saying that for years.They want you to use an agent.It's easy $ for them.Cash deal.When you do it by the book its more difficult to skim. I did my own for many years until 1 time after yet another run around I switched to using an agent.FYI I compared both signatures and they are identical?
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Try DEE Money.I haven't tried it though.
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1 hour ago, thesetat said:
If I am not mistaken.. The new tax laws only apply to those foreigners who generate income in another country and transfer it to Thailand. Those who get retirement benefits as their source of income will not be required to pay tax.. Those who paid tax already in their country where the income was earned can not be charged 2 times so will not have to pay tax also. So most foreigners who have retired to Thailand will not need to worry about paying this tax. This was my understanding of it when I read the new laws.
Someone is welcome to correct me if i am mistaken
I tend to agree with your statement. However in my case the Canadian tax authority deems that my pension income is below a certain threshold and states in a letter that I should pay zero income tax which I do not.My pensions are tax free.
My concern is whether or or not the Thai RD will acknowledge this detemination or will they insist on some tax?
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17 minutes ago, Pouatchee said:buy a house or land... if you trust they won't squander it away
with thais... like playing russian roulette with 5 in the chamber either way
Good point.Several years ago I purchased an IPO unit for 100,00 baht thru ING Bkk for a "then" long term gf.
I told her to just hang on to it as an investment.
2 months later we had a fight and she moved out.Upon checking with ING it turned out she sold the whole lot while we were still together. 555
A lot of them will only know poverty their whole life.A chum of mine had his gf borrow money against the house he had built for her and ended up losing it to the lenders (mafia)
There are endless stories just like these.
Maybe land won't be so liquid.
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TBH I recall a <deleted>ty childhood.My old man worked away mostly and when he was home my folks fought like cats and dogs.
He finally left when I was about 12 yo and it was poverty thereafter.
My mom struggled to support me and younger sis.
School was a disaster and as soon as I was old enough I joined the Navy.
Best thing I ever did for myself. I grew up there. I was introduced to alcohol big time and have only come to grips with that at age 72.
I left after 6 years submarine service and it opened up a lot of doors. I went to tech college for 1 year. Somehow I managed a 30 yr career as a Power Engineer and took early retirement at 55.
Relocated to LOS and never looked back.
Happily collecting my pensions and supporting my Thai family.
I consider myself fortunate.
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Same as you, tried several times and finally gave up. Why do they even let us get that far to apply if there is no intention to give one.ffs
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4 hours ago, 2baht said:
I woke up at 5.00am, had a pee! How woke is that? 🙄
Next thing they'll be asking is "do you sit down to pee"? sheesh
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Setting up SET account for dividends.
in Jobs, Economy, Banking, Business, Investments
Posted
Yes I did.CPNRF was the ticker. It was over 10 years ago so my experience will probably be different than anything available today.
I made what I consider a good ROI.
I would have liked a DRIP option but it wasn't available.