Popular Post FatVern Posted March 22, 2020 Popular Post Share Posted March 22, 2020 (edited) Today I’m feeling very grateful to Thai Immigration (knock on wood) for making me withdraw $28K from the stock market and deposit in Bangkok Bank savings for the Retirement Extension. I would only have $18k otherwise as investments down 37%. Now don’t mess that up Thailand! I might have to buy a round for the IOs. I take back most of the nasty thoughts I’ve had. Edited March 22, 2020 by FatVern 5 16 Link to comment Share on other sites More sharing options...
Popular Post Martyp Posted March 22, 2020 Popular Post Share Posted March 22, 2020 As an American I'm happy to see the exchange rate turn in my favor too. 6 1 Link to comment Share on other sites More sharing options...
Popular Post donnacha Posted March 22, 2020 Popular Post Share Posted March 22, 2020 21 minutes ago, FatVern said: I would only have $18k otherwise as investments down 37%. You would only have lost money if you had chosen now, during what is clearly a catastrophic low, to sell your shares. This is not going to be the first time in history that the markets don't recover. 23 minutes ago, FatVern said: Now don’t mess that up Thailand! Well, how do you think Thailand and the Thai Baht are going to do over the next year or so, with a decimated tourist industry and far lower factory orders? And where do you think they might turn to generate much needed revenue without annoying the citizens too much? 3 Link to comment Share on other sites More sharing options...
BigStar Posted March 22, 2020 Share Posted March 22, 2020 28 minutes ago, FatVern said: Today I’m feeling very grateful to Thai Immigration (knock on wood) for making me withdraw $28K from the stock market and deposit in Bangkok Bank savings for the Retirement Extension. I would only have $18k otherwise as investments down 37%. Now don’t mess that up Thailand! I might have to buy a round for the IOs. I take back most of the nasty thoughts I’ve had. Be nice if we had a lot more such gratitude expressed from the huge brigade whinging about how, if only, they'd be making so much more in what must be share portfolios, as if that was guaranteed. ???? I don't think we'll be hearing too much of that for a while. 3 minutes ago, donnacha said: You would only have lost money if you had chosen now, during what is clearly a catastrophic low, to sell your shares. This is not going to be the first time in history that the markets don't recover. Sorry, TVF Economics doesn't allow that logic to apply to condo owning. And we must be consistent. Now I think markets in general do recover given enough time. However, most of our posters just buy-and-hold, whereas they should already have been selling during the past few years as the market advanced. So there could be a wait, maybe longer than some of our old retirees have, before prices recover. But I leave it our experts to make predictions. 1 Link to comment Share on other sites More sharing options...
Popular Post Mavideol Posted March 22, 2020 Popular Post Share Posted March 22, 2020 29 minutes ago, donnacha said: You would only have lost money if you had chosen now, during what is clearly a catastrophic low, to sell your shares. This is not going to be the first time in history that the markets don't recover. Well, how do you think Thailand and the Thai Baht are going to do over the next year or so, with a decimated tourist industry and far lower factory orders? And where do you think they might turn to generate much needed revenue without annoying the citizens too much? I anticipate 40 baht to the USD.... wishful thinking I know, but one has to be positive 555 2 1 Link to comment Share on other sites More sharing options...
BigStar Posted March 22, 2020 Share Posted March 22, 2020 (edited) 36 minutes ago, donnacha said: Well, how do you think Thailand and the Thai Baht are going to do over the next year or so, with a decimated tourist industry and far lower factory orders? Wouldn't matter, as the 800K is on deposit. Or if spent, spent in Thailand, and Thai prices might well fall so that some great bargains might be had. But come down to it, you have absolutely no idea what's going to happen to prices or the baht. If you could predict currency movements, you'd be far too rich to be bothering to post here as a keyboard warrior. 36 minutes ago, donnacha said: And where do you think they might turn to generate much needed revenue without annoying the citizens too much? Loosen the foreign quota in condo buildings as they did in the financial crisis of 1997? Sorry, I know you want to stir up paranoia and, inevitably, get to the seizure of farang property and bank accounts. Good luck with that nonsense. The Just In Case fallacy is one of the standard tools. Edited March 22, 2020 by BigStar 2 Link to comment Share on other sites More sharing options...
Anders W Ferslev Posted March 23, 2020 Share Posted March 23, 2020 21 hours ago, Martyp said: As an American I'm happy to see the exchange rate turn in my favor too. im Danish, but my salary is in US$ so im happy too ???? 1 Link to comment Share on other sites More sharing options...
DeathShroud Posted March 23, 2020 Share Posted March 23, 2020 21 hours ago, Mavideol said: I anticipate 40 baht to the USD.... wishful thinking I know, but one has to be positive 555 At that point, if US$ holds, I am bringing in 30,000 baht a month extra. That would be stellar. We will see. 1 Link to comment Share on other sites More sharing options...
LivinLOS Posted March 23, 2020 Share Posted March 23, 2020 21 hours ago, donnacha said: You would only have lost money if you had chosen now, during what is clearly a catastrophic low, to sell your shares. This is not going to be the first time in history that the markets don't recover. And yet at times it has taken 20 years to recover. This is the start of a true bear market. 1 1 Link to comment Share on other sites More sharing options...
Popular Post NCC1701A Posted March 23, 2020 Popular Post Share Posted March 23, 2020 22 hours ago, FatVern said: Today I’m feeling very grateful to Thai Immigration (knock on wood) for making me withdraw $28K from the stock market and deposit in Bangkok Bank savings for the Retirement Extension. i put a <deleted> load of money in Thai banks six years ago. the "Thai banks are unsafe" crew on this forum have fallen silent as they watched their home currency lose value. the interest pays my immigration fee. and the 800,000 is yours and can still be used for emergencies. and you sort your visa issues out later. anybody know of any emergencies going on right now? 3 Link to comment Share on other sites More sharing options...
Popular Post stoicccc Posted March 23, 2020 Popular Post Share Posted March 23, 2020 Since there was "grateful" in the thread title, I wanna extend my gratitude to Chachoengsao Immigration office. Busy day today there, but they were handling it all with smiles on their faces and with kindness to everyone. Love to see that. Got my 60 day Non-O extension done without any problems. 3 Link to comment Share on other sites More sharing options...
moe666 Posted March 23, 2020 Share Posted March 23, 2020 I sold most of my stock market holding a day into the fall, way money ahead. I also have a contra fund which goes up when the market is down I am way ahead on my stock market earnings a bit of prior planning and paying attention is all it takes. 2 Link to comment Share on other sites More sharing options...
Max69xl Posted March 23, 2020 Share Posted March 23, 2020 On 3/22/2020 at 12:21 PM, donnacha said: You would only have lost money if you had chosen now, during what is clearly a catastrophic low, to sell your shares. This is not going to be the first time in history that the markets don't recover. Well, how do you think Thailand and the Thai Baht are going to do over the next year or so, with a decimated tourist industry and far lower factory orders? And where do you think they might turn to generate much needed revenue without annoying the citizens too much? How do you think every currency in the world will react to, for example unemployment connected to the current situation? Thailand will survive. Link to comment Share on other sites More sharing options...
Max69xl Posted March 23, 2020 Share Posted March 23, 2020 On 3/22/2020 at 12:52 PM, Mavideol said: I anticipate 40 baht to the USD.... wishful thinking I know, but one has to be positive 555 Dream on! Link to comment Share on other sites More sharing options...
ericthai Posted March 23, 2020 Share Posted March 23, 2020 On 3/22/2020 at 1:21 AM, donnacha said: You would only have lost money if you had chosen now, during what is clearly a catastrophic low, to sell your shares. This is not going to be the first time in history that the markets don't recover. Well, how do you think Thailand and the Thai Baht are going to do over the next year or so, with a decimated tourist industry and far lower factory orders? And where do you think they might turn to generate much needed revenue without annoying the citizens too much? Thai baht will dive, making Thai exports cheap and everyone in the world will need everything from things being shut down so long in China. So things will skyrocket for a month or two and then the greedy Thai govt will step in again and screw things up! 1 Link to comment Share on other sites More sharing options...
ericthai Posted March 23, 2020 Share Posted March 23, 2020 20 hours ago, moe666 said: I sold most of my stock market holding a day into the fall, way money ahead. I also have a contra fund which goes up when the market is down I am way ahead on my stock market earnings a bit of prior planning and paying attention is all it takes. I'm waiting a few more days and then I'm thinking I'm going to start looking at buying.. Food companies, oil companies, maybe an airline any ideas? Noice: This topic is now closed since it gone off topic and is not visa related. Continue the discussion in the business, banking and investment forum. Link to comment Share on other sites More sharing options...
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