13 minutes ago, Will B Good said:

Damn....thought you were going say.....doh!.....just speak to these people.

 

So it is back to "eggs and baskets".

 

I did learn the hard way.......and boy did it hurt......lost £180k a few years ago going large on a share deal.....I still cry at night sometimes.

I never go in more than 20-50k AUS per share, although I do have 2 that were 100k AUD, now you got me worried.

 

21 minutes ago, Will B Good said:

At the risk of sounding like an idiot (not an uncommon experience for me)......can you insure against.....say.....a stock market crash....or gold bombing etc?

Put options ????

Just now, 4MyEgo said:

I never go in more than 20-50k AUS per share, although I do have 3 that were 100k AUD, now you got me worried.

Do you put 'stop losses' on everything?

Just now, JustAnotherHun said:

Put options ????

Yes...was going to mention those!!

 

Cheers

14 minutes ago, 2009 said:

JEEZ, that's some heavy tax. Could they get their arms any further up your backside?

Yep 42% is a big number, especially when they go all the way back to when you purchased it.

 

Very unfair, that and you can't vote and lose Medicare when your out of the country for 5 years.

First came to Thailand 1988 for 3 month travelling.

Live permanent here since 12 years.

No regret's 

1 minute ago, Will B Good said:

Do you put 'stop losses' on everything?

Nope, I just buy and try to sell the same day, not looking for big gains, and so far everything adds up to meet my monthly budget, albeit it if I hung on to some of them I could probably make more, but that also increases my risk.

Just now, 4MyEgo said:

Nope, I just buy and try to sell the same day, not looking for big gains, and so far everything adds up to meet my monthly budget, albeit it if I hung on to some of them I could probably make more, but that also increases my risk.

Thanks.....will stop asking questions now or we will get thrown off the thread....555

Conveniently I married a Thai.

Otherwise I could have easily retired in Uzbekistan, or anywhere else the wife came from.

38 minutes ago, 4MyEgo said:

One ends up in hospital under an emergency situation or requires elective surgery, how much will that cost, well how long is a piece of string, now to put it even simpler terms, I can afford to depart with 495 baht per day to insure myself and my family for hospitalisation as opposed to sitting on a bar stool drinking 5 Chang beers.

1st, your family are Thai and get free health care, they don't need insurance.

2nd, many people go through life without any expensive hospital treatments.

3rd, your government car and m/c insurance cover hospital bills.

 

My total spend is under 500bht/day, I don't need to double my living expenses, and with everything I'm likely to die from already excluded insurance would just be wasting my money.

2 hours ago, 4MyEgo said:

Best of luck and hope it works out for you as much as it has for me.

 

I will say this, if you own property in Sydney or in Oz, make sure you talk to your accountant with the recent capital gains tax legislation changes on 1 July 2019 where your property will be up for 42% capital gains tax from the date you acquired it, on the other hand, if you don't own property, have a great flight.

There is no capital gains on your dwelling.

If selling investment property you need to check criteria on whether required within the financial year you sell to ensure you are a resident for tax purposes. Most people will be and will be exempt from capital gains.

I have been through it all to prove the opposite that I am NOT a resident for tax purposes and there are key points that are non negotiable. Eg, how many days are you out of the country. Where is your main income derived. What shares / property etc do you own etc. Marital status…do you intend returning etc.

Also, I have inherited property since away and if I choose to sell I must reside in Australia for 2 years and lodge tax returns accordingly or I pay capital gains tax.

 

Marriage with my Canadian wife was over, kids all grown, had never been out of North America. I asked a well traveled friend where to go for 6 months or so. I came in 2005, travelled around the country and loved it. Met a few very friendly young ladies and realized Thailand was a place that I could really enjoy. Married for eleven years now, built a house, swim almost every day, have no plans to go anywhere.

Aged 49 and had spent the majority of the last 15 years of my working life in hotels and on planes. Rarely saw the wife so I decided to give up work.

Said to the wife 'where do you want to live - anywhere in the world?'

I had taken her to more than 40 countries and we had lived in seven of them (for business reasons) including Thailand.

Thailand was the reply. Wife was from Brum in the UK.

No regrets in that decision.

 

Been here since 1988. I was just passing through but had a good time and stayed, well over half my life now. No regrets at all but will be moving on next year. Not because of anything wrong with Thailand, just a new adventure in a new country. 

Hi all, I met my Thai wife in 2000, we married one year later. Everything went ok for many years. We have several properties that I paid for, a good car and unlimited food on the table. In recent years I get the impression I'm a nobody. More to the point I'm her sponsor rather than her husband. I'm sure YouTube has had alot to do with that. She only speaks to me when she wants something. Even her adult children at times have a go at her the way she speaks to me, I'm now going on 77 yo so I'm through with moving on. If I owned the properties in my name I would've kicked her out 4-5 years ago.

By the way my wife is 65 yo.

Planned moving to SE asia since I was 15-16 years old and purposely did an army stint as well educate myself in IT as of job chances.

 

Been here since 19-20 years old ever since but did expect to end up in Indonesia (this never happened).

 

Together with a friend group here too and we all still here since (8-12 years).

2 hours ago, Will B Good said:

but I guess that is one of the main reasons the electorate voted in the Tories......to keep foreigners out.

Try living in Londonistan. ☹️

41 minutes ago, BritManToo said:

My total spend is under 500bht/day,.

Does that include the girls? 555

32 minutes ago, ChaiyaTH said:

Planned moving to SE asia since I was 15-16 years old and purposely did an army stint as well educate myself in IT as of job chances.

 

Been here since 19-20 years old ever since but did expect to end up in Indonesia (this never happened).

 

Together with a friend group here too and we all still here since (8-12 years).

Was too late to edit but to sum up:

 

Why? Bad climate and a early sense the west was going backwards. Higher quality of life here for less too.

 

Regrets? No, life is too short for that.

19 minutes ago, Chris.B said:

Try living in Londonistan. ☹️

I take it you are not a hypocrite and have not ended up living in another country.......that really would be beyond on the pale!

1) No taxes, no snow and no rules 

2) 30 years

3) None

1 hour ago, JustAnotherHun said:

Put options ????

Put options won’t save you during the next crash, they will either close the positions or go bankrupt before paying out.

1 hour ago, BritManToo said:

1st, your family are Thai and get free health care, they don't need insurance.

2nd, many people go through life without any expensive hospital treatments.

3rd, your government car and m/c insurance cover hospital bills.

 

My total spend is under 500bht/day, I don't need to double my living expenses, and with everything I'm likely to die from already excluded insurance would just be wasting my money.

As I stated in a post earlier than the one you are referring to, " I have a choice and prefer myself and my family to be treated in a private hospital therefore pay for the privilege". 

 

I have been treated in our local hospital, as has my wife, and two of our kids, hence the reason I took out private cover for all. 

 

The whole point of getting insured is to go on in life not getting treated, the fact that you take out the insurance is to avoid having to pay out of your pocket in the event that you are hospitalised. I know of a bloke who has been admitted 3 times in the last 6 months, he isn't what I would consider old at 65, his total hospital costs have been 2.6 million and fortunately for him, he has cover and was almost dead on a couple of occasions.

 

Not sure about the "government car" and m/c insurance cover the hospital, albeit it I take it you mean the government por ror bor (excuse the pronunciation) insurance side of the on the car insurance covers hospital in the even of an accident, sure, but again, I prefer to be treated in a private over a public hospital. I will refer you back to the first sentence.

 

 

 

 

1 hour ago, XJPSX said:

There is no capital gains on your dwelling.

If selling investment property you need to check criteria on whether required within the financial year you sell to ensure you are a resident for tax purposes. Most people will be and will be exempt from capital gains.

I have been through it all to prove the opposite that I am NOT a resident for tax purposes and there are key points that are non negotiable. Eg, how many days are you out of the country. Where is your main income derived. What shares / property etc do you own etc. Marital status…do you intend returning etc.

Also, I have inherited property since away and if I choose to sell I must reside in Australia for 2 years and lodge tax returns accordingly or I pay capital gains tax.

 

That is a big statement to make, and I will respond to it like this.

 

I have research far and beyond, read legislation, spoken to my accountant, now deceased, the taxation department and have also read numerous articles on CGT with the new legislation.

 

You can believe what you want, however, if you are living in another country which is what I was referring to, as a non resident, you will be up for the 42% CGT even.

 

Now if you are saying that you are not a non resident for tax purposes, then you don't fit into what I was saying.

 

Many have lived overseas and tried to say that they were not non residents for tax purposes and I can tell you this, from the amount of cases that I have read, the majority were deemed non residents.

 

That said, I don't know your situation, but if you fit into the category of a resident for tax purposes, then good for you, you will pay the usual CGT when selling up on your investments, your PPR will be excluded, but make sure you cross your T's and dot your i's because a lot have been where you are coming from and lost.

23 minutes ago, ChaiyaTH said:

Put options won’t save you during the next crash, they will either close the positions or go bankrupt before paying out.

doomsday's coming chapter 120 ????

I don't think I have ever seen a previous OP detract from a simple thread so much by pursuing off topic tangents in the first 2 pages ????

4 hours ago, Will B Good said:

Damn....thought you were going say.....doh!.....just speak to these people.

 

So it is back to "eggs and baskets".

 

I did learn the hard way.......and boy did it hurt......lost £180k a few years ago going large on a share deal.....I still cry at night sometimes.

£180k? rookie numbers ????

4 hours ago, KhaoNiaw said:

Been here since 1988. I was just passing through but had a good time and stayed, well over half my life now. No regrets at all but will be moving on next year. Not because of anything wrong with Thailand, just a new adventure in a new country. 

Which country?

What made you decide that you wanted to live in Thailand?

All those pretty and cute The girls, the weather, the friendly people, relative low cost of living, people live in the here and now, not in the past or future, laws and rules are not strictly enforced, i.e. it's possible to drive sometimes a little faster without constant hassle by the police. And many other reasons. 

 

How long have you lived here?

>25 years

 

And do you have any regrets ?

No, no regrets at all.

 

For the record: Sure, Thailand is not perfect and some things are annoying. But all in all those little annoying issues are minor compared to the good life.

6 hours ago, timendres said:

pv55y

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