What To Do With A Reasonable Sum Of Baht Sat Idly In My Bank

[vanalli]

Hey all,

I've got a sum of money sat in a Bangkok Bank account earning no interest and generally doing very little. I'd like to ask some advice about what to do with this. My main concern is that I will leave Thailand in about 12 months and have this lump of money. Being in Thailand, what's the best thing I could do with this money? It's essentially my Thai savings, as I use my Kasikorn account for my day to day spending. I have another sum left in the UK in a Natwest ISA, and I'd like to somehow combine these two for maximum benefit and ease of access for when I leave for Indonesia next year.

Would it be easy enough to transfer my money in Thailand over to Natwest without incurring hefty charges, or is there another way to bring the two sums together and keep them in order. I just worry that I will find myself leaving Thailand with a massive wad of cash that I don't know what to do with. While it isn't a great sum, I'm only 24 and it's several thousand GBP that I feel is not being used effectively.

Any advice appreciated.

[torrenova]

Depends if you will at any time need Thai baht and the value of the account in terms of your overall position. If you will come back, leave some here to negate FX risk. You can get moderate interest if you lock the cash away for a period of time.

Really depends whether you need the money. If not, then leave it here but earning some interest. You can always use your kaisikorn internet visa card to purchase things online or use the ATM debit card anywhere in the world to access the money.

[TAWP]

...or I can send you my account#?

Edited September 8, 2007 by TAWP

[Lucifer]

Hey all,

I've got a sum of money sat in a Bangkok Bank account earning no interest and generally doing very little. I'd like to ask some advice about what to do with this. My main concern is that I will leave Thailand in about 12 months and have this lump of money. Being in Thailand, what's the best thing I could do with this money? It's essentially my Thai savings, as I use my Kasikorn account for my day to day spending. I have another sum left in the UK in a Natwest ISA, and I'd like to somehow combine these two for maximum benefit and ease of access for when I leave for Indonesia next year.

Would it be easy enough to transfer my money in Thailand over to Natwest without incurring hefty charges, or is there another way to bring the two sums together and keep them in order. I just worry that I will find myself leaving Thailand with a massive wad of cash that I don't know what to do with. While it isn't a great sum, I'm only 24 and it's several thousand GBP that I feel is not being used effectively.

Any advice appreciated.

So, you're living in Thailand, moving to Indonesia next year and a lot of money. hmmm.

[pointofview]

Hey all,

I've got a sum of money sat in a Bangkok Bank account earning no interest and generally doing very little. I'd like to ask some advice about what to do with this. My main concern is that I will leave Thailand in about 12 months and have this lump of money. Being in Thailand, what's the best thing I could do with this money? It's essentially my Thai savings, as I use my Kasikorn account for my day to day spending. I have another sum left in the UK in a Natwest ISA, and I'd like to somehow combine these two for maximum benefit and ease of access for when I leave for Indonesia next year.

Would it be easy enough to transfer my money in Thailand over to Natwest without incurring hefty charges, or is there another way to bring the two sums together and keep them in order. I just worry that I will find myself leaving Thailand with a massive wad of cash that I don't know what to do with. While it isn't a great sum, I'm only 24 and it's several thousand GBP that I feel is not being used effectively.

Any advice appreciated.

So, you're living in Thailand, moving to Indonesia next year and a lot of money. hmmm.

You can use your ATM anywhere in the world and withdraw a few grand £ in a few days - no big deal

[naka]

I'm only 24 and it's several thousand GBP that I feel is not being used effectively.

Several thousand GBP. meals, drinks, tips !

Naka.

[Edonista]

open a brokerage account (it costs only 30 baht) and buy PDI shares. They paid a 5.2 baht dividend past year, and they quote just 36 baht now. That's an awesome (although not sure)14% yeld !

[siamamerican]

Hey all,

I've got a sum of money sat in a Bangkok Bank account earning no interest and generally doing very little. I'd like to ask some advice about what to do with this. My main concern is that I will leave Thailand in about 12 months and have this lump of money. Being in Thailand, what's the best thing I could do with this money? It's essentially my Thai savings, as I use my Kasikorn account for my day to day spending. I have another sum left in the UK in a Natwest ISA, and I'd like to somehow combine these two for maximum benefit and ease of access for when I leave for Indonesia next year.

Would it be easy enough to transfer my money in Thailand over to Natwest without incurring hefty charges, or is there another way to bring the two sums together and keep them in order. I just worry that I will find myself leaving Thailand with a massive wad of cash that I don't know what to do with. While it isn't a great sum, I'm only 24 and it's several thousand GBP that I feel is not being used effectively.

Any advice appreciated.

A few thousand GDP at 24 years old. Not bad, but nothing to stress about. Leave it where it is at and start to accumulate more. In the grand scheme, it really doesn't matter. After moving and incurring the setup costs, look at your options. For example, If you're from the US and pay taxes, invest the bulk of it into a tax exempt IRA. It's commendable that you're thinking about investments at such an early age. I was just concerned about having a good time tomorrow.

Edited September 9, 2007 by siamamerican

[stevenjm]

Hey all,

I've got a sum of money sat in a Bangkok Bank account earning no interest and generally doing very little. I'd like to ask some advice about what to do with this. My main concern is that I will leave Thailand in about 12 months and have this lump of money. Being in Thailand, what's the best thing I could do with this money? It's essentially my Thai savings, as I use my Kasikorn account for my day to day spending. I have another sum left in the UK in a Natwest ISA, and I'd like to somehow combine these two for maximum benefit and ease of access for when I leave for Indonesia next year.

Would it be easy enough to transfer my money in Thailand over to Natwest without incurring hefty charges, or is there another way to bring the two sums together and keep them in order. I just worry that I will find myself leaving Thailand with a massive wad of cash that I don't know what to do with. While it isn't a great sum, I'm only 24 and it's several thousand GBP that I feel is not being used effectively.

Any advice appreciated.

A few thousand GDP at 24 years old. Not bad, but nothing to stress about. Leave it where it is at and start to accumulate more. In the grand scheme, it really doesn't matter. After moving and incurring the setup costs, look at your options. For example, If you're from the US and pay taxes, invest the bulk of it into a tax exempt IRA. It's commendable that you're thinking about investments at such an early age. I was just concerned about having a good time tomorrow.

Get an online trading account and invest in smaller speculative shares that you understand in the Australian stock market.

Most mum and dad investers here have over inflated blue chips values and are oblivious to the fact that a crash is iminent in very close future at which time people will be looking at the small speculatives which will go up as a result.

[Old Croc]

Quite simple really. Spend your Thai bank account baht (earning no interest) on normal living expenses for the next 12 months until you leave. Don't touch your funds in your international accounts and they will accumulate and earn interest. This will have the effect of depleting your baht and increasing your overall wealth.

[siamamerican]

Hey all,

I've got a sum of money sat in a Bangkok Bank account earning no interest and generally doing very little. I'd like to ask some advice about what to do with this. My main concern is that I will leave Thailand in about 12 months and have this lump of money. Being in Thailand, what's the best thing I could do with this money? It's essentially my Thai savings, as I use my Kasikorn account for my day to day spending. I have another sum left in the UK in a Natwest ISA, and I'd like to somehow combine these two for maximum benefit and ease of access for when I leave for Indonesia next year.

Would it be easy enough to transfer my money in Thailand over to Natwest without incurring hefty charges, or is there another way to bring the two sums together and keep them in order. I just worry that I will find myself leaving Thailand with a massive wad of cash that I don't know what to do with. While it isn't a great sum, I'm only 24 and it's several thousand GBP that I feel is not being used effectively.

Any advice appreciated.

A few thousand GDP at 24 years old. Not bad, but nothing to stress about. Leave it where it is at and start to accumulate more. In the grand scheme, it really doesn't matter. After moving and incurring the setup costs, look at your options. For example, If you're from the US and pay taxes, invest the bulk of it into a tax exempt IRA. It's commendable that you're thinking about investments at such an early age. I was just concerned about having a good time tomorrow.

Get an online trading account and invest in smaller speculative shares that you understand in the Australian stock market.

Most mum and dad investers here have over inflated blue chips values and are oblivious to the fact that a crash is iminent in very close future at which time people will be looking at the small speculatives which will go up as a result.

Maybe, but opinions are a dime a dozen. I too have quite a bit invested in Australia for various reasons. For what it's is worth. invest in ETF's (google for definition) and as you become more knowledgeable look at other options. I've lost a lot of money investing on free advise. Do the research or most likely will pay the consequences.

[bowthai]

throw it at hong kong listed mainland china stocks and check back in 10 years to find your retirement nest egg.my picks this year have been going up 4 times faster than my us stocks and the future is even better.

OIL:CNOOC

AUTOMOTIVE:GEELY AUTO

BANK:ICBC

REAL ESTATE:PCPD,FRANSHION PPT

CASINOS:GALAXY ENT

RAILROAD:GUANGSHEN RAIL

CHEMICALS:CHINA BLUECHEM

APPAREL/RETAIL:WALKER GROUP,GIORDANO INT'L

HOTEL:JINJIANG HOTELS

[siamamerican]

throw it at hong kong listed mainland china stocks and check back in 10 years to find your retirement nest egg.my picks this year have been going up 4 times faster than my us stocks and the future is even better.

OIL:CNOOC

AUTOMOTIVE:GEELY AUTO

BANK:ICBC

REAL ESTATE:PCPD,FRANSHION PPT

CASINOS:GALAXY ENT

RAILROAD:GUANGSHEN RAIL

CHEMICALS:CHINA BLUECHEM

APPAREL/RETAIL:WALKER GROUP,GIORDANO INT'L

HOTEL:JINJIANG HOTELS

I can't disagree with your recomendation. I've made over 200% on my china investments the last 2 years.

What I really want is your avatar. What is the asking price?

[qualtrough]

I would only keep the minimum necessary amount of baht in a Thai account. I have lived through pretty massive currency devaluations here twice. I wasn't hurt, but I know a number of people who were burned badly. Nothing like waking up to find that sum x is worth half of what it was the night before. And it could happen again.

[bowthai]

throw it at hong kong listed mainland china stocks and check back in 10 years to find your retirement nest egg.my picks this year have been going up 4 times faster than my us stocks and the future is even better.

OIL:CNOOC

AUTOMOTIVE:GEELY AUTO

BANK:ICBC

REAL ESTATE:PCPD,FRANSHION PPT

CASINOS:GALAXY ENT

RAILROAD:GUANGSHEN RAIL

CHEMICALS:CHINA BLUECHEM

APPAREL/RETAIL:WALKER GROUP,GIORDANO INT'L

HOTEL:JINJIANG HOTELS

I can't disagree with your recomendation. I've made over 200% on my china investments the last 2 years.

What I really want is your avatar. What is the asking price?

a 1 ounce 2007 gold panda or just a free right click and save.

[stevenjm]

Hey all,

I've got a sum of money sat in a Bangkok Bank account earning no interest and generally doing very little. I'd like to ask some advice about what to do with this. My main concern is that I will leave Thailand in about 12 months and have this lump of money. Being in Thailand, what's the best thing I could do with this money? It's essentially my Thai savings, as I use my Kasikorn account for my day to day spending. I have another sum left in the UK in a Natwest ISA, and I'd like to somehow combine these two for maximum benefit and ease of access for when I leave for Indonesia next year.

Would it be easy enough to transfer my money in Thailand over to Natwest without incurring hefty charges, or is there another way to bring the two sums together and keep them in order. I just worry that I will find myself leaving Thailand with a massive wad of cash that I don't know what to do with. While it isn't a great sum, I'm only 24 and it's several thousand GBP that I feel is not being used effectively.

Any advice appreciated.

A few thousand GDP at 24 years old. Not bad, but nothing to stress about. Leave it where it is at and start to accumulate more. In the grand scheme, it really doesn't matter. After moving and incurring the setup costs, look at your options. For example, If you're from the US and pay taxes, invest the bulk of it into a tax exempt IRA. It's commendable that you're thinking about investments at such an early age. I was just concerned about having a good time tomorrow.

Get an online trading account and invest in smaller speculative shares that you understand in the Australian stock market.

Most mum and dad investers here have over inflated blue chips values and are oblivious to the fact that a crash is iminent in very close future at which time people will be looking at the small speculatives which will go up as a result.

Maybe, but opinions are a dime a dozen. I too have quite a bit invested in Australia for various reasons. For what it's is worth. invest in ETF's (google for definition) and as you become more knowledgeable look at other options. I've lost a lot of money investing on free advise. Do the research or most likely will pay the consequences.

Informed opinions are not a dime a dozen. Australian interest rates are getting dangerously close to the magic figure where astute investors drop out because other options have now become more profitable than shares and crash follows through panic selling.

I am not sharing magic figure, you can research this through out history and work it out for yourself. CRASH COMING VERY SOON.

[Naam]

CRASH COMING VERY SOON.

the LORD had mercy and sent down more prophets for enlightenment

[Naam]

(vanalli @ 2007-09-08 21:47:59) *

Hey all,

I've got a sum of money sat in a Bangkok Bank account earning no interest and generally doing very little.

we are in the same boat. my wife found a sum of money in the back pocket of one of my shorts earning no interest and generally doing very little besides being heavy (it's all coins).

i wonder what we should do

[stevenjm]

(vanalli @ 2007-09-08 21:47:59) *

Hey all,

I've got a sum of money sat in a Bangkok Bank account earning no interest and generally doing very little.

we are in the same boat. my wife found a sum of money in the back pocket of one of my shorts earning no interest and generally doing very little besides being heavy (it's all coins).

i wonder what we should do

Maybe you could use it to buy a new attitude.

[mugopp]

I have 1 million baht invested in Government Savings Bank/Lottery. gsb.or.th. Unfortunately I haven't won the big one yet This year I've won 12,000 baht . You also have to have a work permit. It's better than nothing.

[realmadrid25]

op,

i am sure a bunch of nigerians can help you out with this problem.

[Naam]

(vanalli @ 2007-09-08 21:47:59) *

Hey all,

I've got a sum of money sat in a Bangkok Bank account earning no interest and generally doing very little.

we are in the same boat. my wife found a sum of money in the back pocket of one of my shorts earning no interest and generally doing very little besides being heavy (it's all coins).

i wonder what we should do

Maybe you could use it to buy a new attitude.

can you recommend a shop where to buy "good quality attitude"? i would also appreciate if you let me know the bookshop where i can buy "how to forecast a crash for dummies"

[stevenjm]

The book that YOU are looking for is titled " how to not see a crash coming for dummies".

Sportsmans bet (or cash if your up to it) between next interest rate rise and one after that (%7) market will crash in Aus.

as it has throughout history.

Edited September 9, 2007 by stevenjm

[stevenjm]

The book that YOU are looking for is titled " how to not see a crash coming for dummies".

Sportsmans bet (or cash if your up to it) between next interest rate rise and one after that (%7) market will crash in Aus.

as it has throughout history.

woops, sorry no betting on thaivisa. tried to edit but too late

[chinthee]

Steve, I understand your bearish position, but would you kindly stop aiming that semi-automatic at me?

[Edonista]

The book that YOU are looking for is titled " how to not see a crash coming for dummies".

Sportsmans bet (or cash if your up to it) between next interest rate rise and one after that (%7) market will crash in Aus.

as it has throughout history.

Well if it crashes just in Aus , I don't have to worry

[stevenjm]

Steve, I understand your bearish position, but would you kindly stop aiming that semi-automatic at me?

Sorry. Its meant for drug dealing scumbags

[en184]

Open a thai brokerage account, and buy some of shares. I like RATCH and EGCOMP.

A good broker is seamico.

[siamamerican]

The book that YOU are looking for is titled " how to not see a crash coming for dummies".

Sportsmans bet (or cash if your up to it) between next interest rate rise and one after that (%7) market will crash in Aus.

as it has throughout history.

Don't waste your time with placing bets with Dr. Nam. Take all your money, add to it all the money you can get on margin from your brokerage account, and cash out all your credit cards.

Now take this money and use it ALL to short the market. Now that would show us all and you will, without any doubt, be rich.

Seriously, the market might decline in the next few years, but this happens all the time. Very few have the foresight to accurately time the market. The bulk of investors would be better served by making longterm stock investments and not panicking. For example, Peter Lynch, one of the best fund managers, had an average return of 29% over a 13 year period. More than half his investors lost money though. They got in and out of the fund on their personal hunches.

What history of the Aus. crashes are you referring. You have to go back more than 20 years to find a semi-crash and the market almost fully recovered in a few short years. Its growth has been pretty consistent ever since.

The earnings between 2001 to 2006 of ASX200 companies has grown on average 19% compared to the S&P's strong 14% growth. Australian stocks aren't cheap, but I wouldn't predict a precipitous decline. That is my opinion and it isn't worth much.

Edited September 9, 2007 by siamamerican

[blizzard]

wait 4 months and youll be able to get a dumptruck real cheep................lol.