Even at 38 baht to the pound most retirees won’t and cannot leave Thailand

[simoh1490]

2 minutes ago, My Thai Life said:

If that's what you want to believe, believe it. You still evidently haven't bothered to read my posts. I have banking and assurance products with 4 well known high street banks. If you're getting 1.5 or 2.23 and you're happy, that's great. 

 

This forum is full of people who seem to think their length of time on the forum, or their length of time in Thailand, or their number of posts, is somehow commensurate with understanding Thailand.

 

Clearly that's not true.

 

 

Nope, I have read your posts and what I know are the following, be it in Thailand or anywhere else:

 

Insurance premiums are based on actuarial tables and risk, they increase substantially with age, index linking those premiums to age 90 for a male means those premiums would be extremely expensive hence the underlying investment product must perform in a similar fashion and frankly, life just doesn't work that way except for the chosen few.

 

Second - if it seems to be too good to be true, it almost certainly is.

 

Thirdly - Thailand punishes the gullible, the naive and the financially unaware and not astute.

 

Hot tip of the day - LTF's will give you 12% return potentially if you pick them carefully and can use the tax advantage, you can double your money in seven years...but they are SET equities based with all the risk that entails plus there's no associated medical insurance.

 

[My Thai Life]

Simoh1490

2 minutes ago, simoh1490 said:

Insurance premiums are based on actuarial tables and risk, they increase substantially with age, index linking those premiums to age 90 for a male means those premiums would be extremely expensive hence

Well I did mention that the required deposit might deter some expats. I also mentioned that I have worked in the UK as a manager in the Life and Pensions industry (several household names) and worked in Thailand with one of the best known Financial Services companies.

 

I am happy with my return, and you are happy with yours. Great, we're both happy ? Have a nice day.

 

 

 

[ThaiPauly]

On 8/19/2018 at 8:21 PM, mogandave said:

 

They have dentists in England?

 

We do, but they don't work in "Offices" and they are not called "Doctors" either

[mogandave]

So what is the actual product you subscribed to and what was the deposit.
Don't keep it a secret if it's so good and affordable.

If he told you, he’d have to kill you...

[simoh1490]

3 hours ago, My Thai Life said:

Simoh1490

Well I did mention that the required deposit might deter some expats. I also mentioned that I have worked in the UK as a manager in the Life and Pensions industry (several household names) and worked in Thailand with one of the best known Financial Services companies.

 

I am happy with my return, and you are happy with yours. Great, we're both happy ? Have a nice day.

 

 

 

TBH I don't know why you bothered posting in this thread when all you have to offer is scant specifics about some anonymous product somewhere which doesn't seem viable and that is too expensive for most people to buy! You have however reminded us that you were once a insurance salesman manager in Life and Pensions three times,  you can stop now, we know.

Edited August 20, 2018 by simoh1490

[observer90210]

less hookers delivered at home...less booze, less egg fried rice with the paneng, less trips to BKK, less visa runs to Hong Kong for 3 days ....they may just adapt,  who knows ?

[VBF]

48 minutes ago, ThaiPauly said:

We do, but they don't work in "Offices" and they are not called "Doctors" either

Careful...a Dental Surgeon (or any other Surgeon)  in the UK is titled "Mister" but if a Dentist has a doctorate, (s)he's titled "Doctor" - mine is a Doctor, but your'e correct to say we have doctors and dentists surgeries, not offices.

[VBF]

5 hours ago, Expatwannabee said:

A pensioner in the UK still has to pay for NHS dental treatment unless they are claiming means tested benefits, which then qualify them for free treatment. I'm not sure if it is still the case but at one point it was difficult to find an NHS dentist accepting new patients. Most seem to prefer private clients.  

Still the case which is why I have specific dental insurance because anything else i get on the NHS with an option to go private if I want to - dental work is all private.

[JaiLai]

I think it’s fantastic people can survive here on 25k pm.

 

I spend about that on groceries and dog food per month, no fancy Falang products either...

 

Only me and the better half & 5 dogs.

 

I owe nothing on either of my vehicle or 3 bikes and nothing on the house.

 

Electric 6-7k a month / true 3k / internet 1k / maid 10k / fuel 10k

 

All in I’d say 120 - 150k a month, not much extravagance.

 

25k a month minus rent and bills truly amazes me.

 

 

Sent from my iPhone using Thaivisa Connect

 

[HiSoLowSoNoSo]

56 minutes ago, JaiLai said:

I think it’s fantastic people can survive here on 25k pm.

 

I spend about that on groceries and dog food per month, no fancy Falang products either...

 

Only me and the better half & 5 dogs.

 

I owe nothing on either of my vehicle or 3 bikes and nothing on the house.

 

Electric 6-7k a month / true 3k / internet 1k / maid 10k / fuel 10k

 

All in I’d say 120 - 150k a month, not much extravagance.

 

25k a month minus rent and bills truly amazes me.

 

 

Sent from my iPhone using Thaivisa Connect

 

Electric 6-7k a month? I assume that you never turn of your aircons? My electric bill with 2 aircons is around 2 k thb per month 

[Airalee]

7 minutes ago, HiSoLowSoNoSo said:

Electric 6-7k a month? I assume that you never turn of your aircons? My electric bill with 2 aircons is around 2 k thb per month 

Naam will be around shortly to thoroughly impress you with his 18k monthly electric bills.  ?

[JaiLai]

1 hour ago, HiSoLowSoNoSo said:

Electric 6-7k a month? I assume that you never turn of your aircons? My electric bill with 2 aircons is around 2 k thb per month 

When it begins getting hot there's normally 1 on all the time, sometimes 2.

 

In the cooler months bills between 3-4K.

[My Thai Life]

8 hours ago, simoh1490 said:

TBH I don't know why you bothered posting in this thread when all you have to offer is scant specifics about some anonymous product somewhere which doesn't seem viable and that is too expensive for most people to buy! You have however reminded us that you were once a insurance salesman manager in Life and Pensions three times,  you can stop now, we know.

I have never been a salesman for insurance or anything else. I was a manager in Life and Pensions in the UK with a couple of household names, and I have worked for one of the most well known Thai Financial Services companies.

 

I have already explained that these products have subscription periods, as do investment products in the UK, and the subscription period for my main product closed several years ago. Giving you the name of that product wouldn't help you in the slightest. And anyway, your aggressive stance is obviously not going to inspire much sympathy.

[Naam]

4 hours ago, Airalee said:

5 hours ago, HiSoLowSoNoSo said:

Electric 6-7k a month? I assume that you never turn of your aircons? My electric bill with 2 aircons is around 2 k thb per month 

Naam will be around shortly to thoroughly impress you with his 18k monthly electric bills.

my bills vary a lot between 10k and 20k depending on season. average per month is 14k.

by the way... not impressive are comments such as

Quote

My electric bill with 2 aircons is around 2 k thb per month

it's like claiming "one of my cars uses 13.5 liters of gasoline per month" without the info how many km are driven per month. yawn... 

[My Thai Life]

Our house electricity bill is usually 1,800 to 2,000 baht per month. This is for a large detached house. We both work, so we are not around all day, and my Thai partner prefers not to use a-c in the main living room.

 

I seem to remember that when I stayed in a rented studio when I first arrived, the bill was about 1,000 per month, but that probably included whatever surcharge the condo or the owner charged.

[BritManToo]

9 hours ago, VBF said:

Still the case which is why I have specific dental insurance because anything else i get on the NHS with an option to go private if I want to - dental work is all private.

Not if you're claiming any sort of benefit, then it's all free.

[My Thai Life]

55 minutes ago, Naam said:

my bills vary a lot between 10k and 20k depending on season. average per month is 14k.

If you don't mind me asking, where is all that electricity going? Heating a swimming pool? Plugging in an electric car? It seems really high.

 

[transam]

9 minutes ago, My Thai Life said:

If you don't mind me asking, where is all that electricity going? Heating a swimming pool? Plugging in an electric car? It seems really high.

 

Noooo, he has naughty neighbours....?......?

[My Thai Life]

 

3 minutes ago, transam said:

Noooo, he has naughty neighbours....?......?

 

Well one of our businesses has about 10 a-cs, but even with that we rarely get over 10k per month bill for electricity.

[mogandave]

Electric 6-7k a month? I assume that you never turn of your aircons? My electric bill with 2 aircons is around 2 k thb per month 

Some like it hot...

[SheungWan]

21 hours ago, Airalee said:

I’m sure all the fabulously wealthy contributors here will still find a way to look down their noses rather than just being happy for those of us who don’t breathe the same rarified air.

 

21 hours ago, ivor bigun said:

Yes but are they in central Pattaya?
Sent from my SM-A720F using Thailand Forum - Thaivisa mobile app

Yes we are.

[Naam]

1 hour ago, My Thai Life said:

2 hours ago, Naam said:

my bills vary a lot between 10k and 20k depending on season. average per month is 14k.

If you don't mind me asking, where is all that electricity going? Heating a swimming pool? Plugging in an electric car? It seems really high.

none of the above. our pool is heated by solar energy, our cars run on gasoline and diesel. the energy consuming gadgets are 17 aircons, washer, dryer, 3 freezers, 5 fridges, pool pump, solar pump pond pump, deep well pump, irrigation pump, home water supply pumps, outdoor/indoor lighting, 4 TVs, 3 PCs, a fistful of laptops with external monitors...

[transam]

3 minutes ago, Naam said:

none of the above. our pool is heated by solar energy, our cars run on gasoline and diesel. the energy consuming gadgets are 17 aircons, washer, dryer, 3 freezers, 5 fridges, pool pump, solar pump pond pump, deep well pump, irrigation pump, home water supply pumps, outdoor/indoor lighting, 4 TVs, 3 PCs, a fistful of laptops with external monitors...

Sounds like Butlin's holiday camp matey....?

[My Thai Life]

5 minutes ago, Naam said:

the energy consuming gadgets are 17 aircons, washer, dryer, 3 freezers, 5 fridges, pool pump, solar pump pond pump, deep well pump, irrigation pump, home water supply pumps, outdoor/indoor lighting, 4 TVs, 3 PCs, a fistful of laptops with external monitors...

Thanks for your reply. Is this household usage or business-household usage?

[Tanoshi]

11 minutes ago, Naam said:

none of the above. our pool is heated by solar energy, our cars run on gasoline and diesel. the energy consuming gadgets are 17 aircons, washer, dryer, 3 freezers, 5 fridges, pool pump, solar pump pond pump, deep well pump, irrigation pump, home water supply pumps, outdoor/indoor lighting, 4 TVs, 3 PCs, a fistful of laptops with external monitors...

What!

No phone chargers.

[lovelomsak]

59 minutes ago, Naam said:

none of the above. our pool is heated by solar energy, our cars run on gasoline and diesel. the energy consuming gadgets are 17 aircons, washer, dryer, 3 freezers, 5 fridges, pool pump, solar pump pond pump, deep well pump, irrigation pump, home water supply pumps, outdoor/indoor lighting, 4 TVs, 3 PCs, a fistful of laptops with external monitors...

Just curious do all these things work at the same time? Or is run on demand as needed?

[mogandave]

My electric at the old house was regularly 5-8,000 a month paid direct to the PEA.

4 bedroom, 6 air conditioner, 2 of them all day, 2 of them all night 2 intermittent.

23C day, 24C night

[simoh1490]

I support the idea that a Brexit deal will be agreed before year end and that Sterling will recover, Bloomberg this morning agrees:

 

‘Buy Sterling’

ECU Group Chief Executive Officer and Brexiteer Michael Petley says the U.K. currency is undervalued “by almost any single measure.” Any temporary decline in sterling between now and the U.K.’s exit will be compensated for by its appreciation in the long term, he said.

 

https://www.bloomberg.com/news/articles/2018-08-20/asia-futures-mixed-dollar-falls-on-trump-remarks-markets-wrap

 

[mogandave]

I support the idea that a Brexit deal will be agreed before year end and that Sterling will recover, Bloomberg this morning agrees:
 

‘Buy Sterling’

ECU Group Chief Executive Officer and Brexiteer Michael Petley says the U.K. currency is undervalued “by almost any single measure.” Any temporary decline in sterling between now and the U.K.’s exit will be compensated for by its appreciation in the long term, he said.

 

https://www.bloomberg.com/news/articles/2018-08-20/asia-futures-mixed-dollar-falls-on-trump-remarks-markets-wrap

 

Apparently they’re selling....

I agree GBP will be fine, and likely improve after it’s all said and done, but I would listen to no one....

[SheungWan]

38 to the Pound represents an approximate 10% further lurch down from 42. One of the things that Thailand offers is the facility to downsize one's cost of living, so its doable for most. It is potential health costs rather than the exchange rate which is the biggest elephant in the room.