Thai Baht is ruining my retirement

[jerrymahoney]

On 9/27/2024 at 10:08 PM, GinBoy2 said:

Well you live overseas away from your home country income source and you live with it.

 

Not a lot you can do but tighten your belt when things get tough, then splurge when things get good

Sure the baht per $ is down in part because of drop in US interest rate. But because of the drop in US interest rate I can live with this:

[scubascuba3]

When you do your forecasts and budgeting, calculate at different exchange rates to see whether you can afford to live here

[jerrymahoney]

19 minutes ago, scubascuba3 said:

When you do your forecasts and budgeting, calculate at different exchange rates to see whether you can afford to live here

It is possible that, depending  how owns finances are structured stateside, to be net ahead with $ dropping against the baht and the S&P at records highs.

[chiang mai]

1 minute ago, jerrymahoney said:

It is possible that, depending  how owns finances are structured stateside, to be net ahead with $ dropping against the baht and the S&P at records highs.

Not only possible, it's entirely probable. 

[jerrymahoney]

I didn't want to go overboard with the voice-of-doom.

[KhunLA]

On 9/26/2024 at 8:55 PM, Jerry777 said:

How can I plan a dam thing when the currency here is completely out of control?

By obviously planning retirement better.  You didn't really think the THB was going to stay in the 36-37-38 range or go higher ... did you ?  

 

Better Research = Better Retirement

[MalcolmB]

On 9/27/2024 at 6:19 PM, OneMoreFarang said:

It's like complaining about the climate in Thailand. It's hot and wet.

And so are the women.

[Isaan sailor]

21 minutes ago, chiang mai said:

Not only possible, it's entirely probable. 

Yup—stocks up, Baht up.  And visa versa.

[chiang mai]

Just now, Isaan sailor said:

Yup—stocks up, Baht up.  And visa versa.

OK but THB and stocks are up, because USD has weakened.

[Lacessit]

The baht fluctuates against other currencies.

 

I wait until it is weak, then make transfers.

[2baht]

If you want to make a little money in Thailand, start with a LOT!

[ChaiyaTH]

Just now, 2baht said:

If you want to make a little money in Thailand, start with a LOT!

No you have to start with zero

[Mike Teavee]

49 minutes ago, KhunLA said:

By obviously planning retirement better.  You didn't really think the THB was going to stay in the 36-37-38 range or go higher ... did you ?  

 

Better Research = Better Retirement

Plan for a better retirement... why didn't they think about that? 

 

Unfortunately for a lot of people their retirement funds are more or less thrust upon them 

Edited 18 minutes ago by Mike Teavee