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'High net-worth' individuals..


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1 minute ago, EVENKEEL said:

Bob Would  you please put some clothes on.

not a chance!

 

my house, my rules.

 

I'm thinking about covering myself in peanut butter and jelly in a minute..

bob.

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18 minutes ago, bob smith said:

not a chance!

 

my house, my rules.

 

I'm thinking about covering myself in peanut butter and jelly in a minute..

bob.

Get your freak on, my man.

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1 minute ago, bob smith said:

.if you consider 700,000 usd rich then you know nothing about money.

 

bob.

Then why do you keep posting it up. Because is a small amount?🙃

 

Seems like you are digging holes as well as spinning yarns. 

 

 

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Posted (edited)
7 minutes ago, marin said:

Seems like you are digging holes as well as spinning yarns. 

oh i'm digging holes alright..

 

just not the kind you are thinkin of!

 

bob.

Edited by bob smith
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1 hour ago, bob smith said:

...you are now officially my number one stalker.

 

congratulations, Dan!

 

bob.

just the facts bob, just the facts   nothing more as its a open public  forum

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Old HNW (for 20 - 30 years ago) meant a million USD liquid.. In financial services these days HNW is the old VHNW 5m and up of liquid assets. 

 

If you think people with 5m DONT spend more than the 65k grumbling retirees or backpackers you are deluided.. You think they will go around in a beaten up camry or stay in 500b / 1000b rooms ?? 

 

Thats why Thailand wants them. 

 

 

Edited by LivinLOS
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3 hours ago, bob smith said:

...if you consider 700,000 usd rich then you know nothing about money.

 

bob.

Lay off the naughty things Bob, last time your net worth was 800K.

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20 minutes ago, EVENKEEL said:

Lay off the naughty things Bob, last time your net worth was 800K.

that was before family tax.

 

if you must know I gave my cousin 50 grand who is on her last legs, but 2 new rolexes and spent the rest on booze, women and clothes.

 

bob.

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1 minute ago, bob smith said:

that was before family tax.

 

if you must know I gave my cousin 50 grand who is on her last legs, but 2 new rolexes and spent the rest on booze, women and clothes.

 

bob.

Very nice, time to spend is now. 

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Posted (edited)
5 minutes ago, EVENKEEL said:

Very nice, time to spend is now. 

oh, and I bought a new pool table too.

 

7 footer!

 

bob.

Edited by bob smith
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4 hours ago, bob smith said:

not a chance!

 

my house, my rules.

 

I'm thinking about covering myself in peanut butter and jelly in a minute..

bob.

Can you also supply the bread, so I can make a meal of yourself. :sorry:

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13 hours ago, bob smith said:

that was before family tax.

 

if you must know I gave my cousin 50 grand who is on her last legs, but 2 new rolexes and spent the rest on booze, women and clothes.

 

bob.

fake rolex watches arent that expensive bob. your imagination is constantly challenged by facts. 

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Last time I read something from BOB he was like leaving town sold everything he was gone then less than 48 hours he decided to come back making up these ridiculous stories. You must lead a very boring lifestyle TIT.

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56 minutes ago, spidermike007 said:

the sommelier service is horrific, the selection of fine wines (nearly every wealthy tourist drinks a good bottle at dinner) is horrific, the price of the fine wines is stupid, o 

 

 

 

 

 

 

I practically never stay above The Marriot Hotel level, but when I do, stuff like wine and 5* restaurants seem exactly on par with the west (a little cheaper on the food).

 

A Richie-Rich would be staying at the Four Seasons (not the landscaping company). I'll bet they're pretty happy with everything. And not sweating the wine markup. 

 

If you're what the brokers call "Mass Affluent" ($2-5M), Bangkok gives you Monaco luxury at Barbados prices.

 

I can't pretend that I know the favored haunts and spending habits of the Jeff Bezos-rich.

 

They're probably staying at a private home and traveling with staff. So wherever they are, really, they could be anywhere.

 

 

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20 hours ago, bob smith said:

It seems a day doesn't go by when I don't read a report on Thailands attempts at attracting so called High net-worth individuals.

 

What is this obsession with attracting these folk all about?

 

On paper I think I understand it.

They think that rich people coming here will spend more money.

 

What Thailand doesn't seem to understand is that the vast majority of this group are the tightest people you have ever met in your life.

they never tip, they love a bargain and cut corners wherever and whenever they can.

and they certainly do not like paying tax, and will do literally anything to avoid doing so.

'You don't get rich by giving it away' is their motto.

 

I almost consider myself to be in this category, though not quite..

 

Back when the story first broke about Thailand's plan to tax foreigners on their income earned overseas I slowly started liquidating all of my assets, both inside and outside of Thailand.

It was a long, arduous process that involved trusted friends and family, both here and abroad to help me out.

of course they all got a nice slice of the pie but ultimately I was left with just over 700,000 USD, that I now keep locked away in my safe.

The reason I did this was because I didn't want to pay tax!

 

I believe that many high net worth folk also think along the same lines.

if there is one thing these lot hate it's paying more tax.

so you see Thailand, by announcing such a ridiculous policy aimed at lining your own pockets you will have inadvertently put many of your so called wealthy targets off from coming here all together!

 

imo, Thailand would be much better off going after the backpackers again.

they are young, dumb and throw their money around like confetti in large numbers.

I think Thailand also needs to realize they are not Monaco or Luxembourg.

They are a middle of the road South East Asian country with a developing economy that is currently struggling to stay afloat.

 

bob.

 

so at the first sign you <deleted> your pants

 

you are a rich world traveler and womanizer, in your imagination

 

so just live a month or two or three in another country, then jump ship

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26 minutes ago, Prubangboy said:

I practically never stay above The Marriot Hotel level, but when I do, stuff like wine and 5* restaurants seem exactly on par with the west (a little cheaper on the food).

 

A Richie-Rich would be staying at the Four Seasons (not the landscaping company). I'll bet they're pretty happy with everything. And not sweating the wine markup. 

 

If you're what the brokers call "Mass Affluent" ($2-5M), Bangkok gives you Monaco luxury at Barbados prices.

 

I can't pretend that I know the favored haunts and spending habits of the Jeff Bezos-rich.

 

They're probably staying at a private home and traveling with staff. So wherever they are, really, they could be anywhere.

 

 

It's a bit ironic that Thailand would like to be considered a family destination but putting 2 large beds in one room seems to be hard to manage for most places. The 5 star joints on Samui are in the 10K/nt for a 3 person room. I settled for a 4 star 2 bed suite on the beach for 7K/nt. 

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