Investment Options

[Tony525i]

Hi ! I am a 25 years old Macedonian-American married to a Thai citizen. I currently have a capital of USD 250,000.

1) What do you think is the best way to invest this money in Thailand?

2) Do the banks there offer attractive interest rates towards the USD?

Now I am working in Boston as an IT manager with a net income of $4800/month. But I am really bored from the cold climate here and pretty much everything else. My wife works for the government and has a respectable salary comparing it with Thai standards.

3) Based on these settings, do you think is a good idea to move to Thai or not?

Thank you in advance for your suggestions.

[rgs2001uk]

Hi ! I am a 25 years old Macedonian-American married to a Thai citizen. I currently have a capital of USD 250,000.

1) What do you think is the best way to invest this money in Thailand?

why would you want to? what alternatives do you think it has to offer

2) Do the banks there offer attractive interest rates towards the USD?

no

Now I am working in Boston as an IT manager with a net income of $4800/month. But I am really bored from the cold climate here and pretty much everything else. My wife works for the government and has a respectable salary comparing it with Thai standards.

either head to new mexico, florida etc, or change your line of employnent, i wont even comment on it manager at $4,800 per month, suggest you go to school and improve your salary expectations and line of employment

3) Based on these settings, do you think is a good idea to move to Thai or not?

no

Thank you in advance for your suggestions.

see my comments in red.

[Chopper]

You certainly would not want to shift all of your capital to Thailand: do not put all of your eggs in one basket. Interest rates here are not good in any event. As for moving here, unless you can get a job with at least a comparable salary with potential career prospects and salary increases I would suggest IMHO that you stay put as you have many years in which to accumulate a more appropriate nest egg that you should then be able to diversify into a well balanced portfolio.

That said you seem to be doing well for 25.

Edited November 3, 2008 by Chopper

[MetroGirl]

Hi ! I am a 25 years old Macedonian-American married to a Thai citizen. I currently have a capital of USD 250,000.

1) What do you think is the best way to invest this money in Thailand?

INVESTMENT: This is one question you need to find the answer for, on your own. Because every kind of investment involves the risk of loosing money. Somewhere along the line your investment often will look like it's going to loose money. And you have to be sure about what you are doing in order to avoid getting a heart attack!

I personally wouldn't move the money to Thailand, unless for capital expenditures like buying a condo, house, or a car. It's risky enough banking in the US nowadays, why try your luck with thai banks?

You and your wife may be making quite good salary, but again everything is so relative there. The living expense in Boston can be quite a bit on a high side, the question here is what is your residual income after taxes and basic living expenses.

With the downturn of this sucky sucky economy, If it's ME…

I would just use some of the said capital….to further my education toward something you will enjoy doing later on. Having more and varieties of knowledge and education under the belt will definitely open up many opportunities in many places of your liking in the future - whether in the US, Thailand, or else where.

At 25 - I would be going back to uni and also spending most of my prime working years in the US, and rethink about the Thailand plan again in …errr lets say 10 more years?

Have you thought about …..HAWAII??

Can you get a job there?…with warmer climate, and all those beaches thingy

----Furthering your education is the best investment you can ever do for yourself--------

Just me here

Edited November 4, 2008 by MetroGirl

[Hairy]

Hawaii is outrageously expensive to live in, and most jobs pay very poorly because so many people want to live in "paradise". Moving to Atlanta or Austin would get the OP out of a high-cost area and the payscales aren't all that much lower.

With the economic downturn, I would suggest keeping the job you have if it's stable, trying to find a new one if it isn't, and not making any radical changes that you aren't forced into. If you lose your job, can't land another, and want to roll the dice to see what Thailand is like longterm, that's another matter.

[sassienie]

Hi ! I am a 25 years old Macedonian-American married to a Thai citizen. I currently have a capital of USD 250,000.

1) What do you think is the best way to invest this money in Thailand?

why would you want to? what alternatives do you think it has to offer

2) Do the banks there offer attractive interest rates towards the USD?

no

Now I am working in Boston as an IT manager with a net income of $4800/month. But I am really bored from the cold climate here and pretty much everything else. My wife works for the government and has a respectable salary comparing it with Thai standards.

either head to new mexico, florida etc, or change your line of employnent, i wont even comment on it manager at $4,800 per month, suggest you go to school and improve your salary expectations and line of employment

3) Based on these settings, do you think is a good idea to move to Thai or not?

no

Thank you in advance for your suggestions.

see my comments in red.

Something is wrong here.

You are only 25 years old and have plenty of time to build your future for later on, have money for investent, earning $4,800 per month and you want to give that all up and move to Thailand.

Naaa, doesnt make sense, there is more involved here.

Sorry, no way