Farma Posted October 4, 2005 Share Posted October 4, 2005 What would you do if you won 20 million Baht? If you were too young to retire, had a nice wife and small children, wanted to spend your life in Thailand. Let’s see, 1 Mil for a nice car, a few mil for a nice house, maybe a mil or so for the sick buffalo. What would you do with the rest? How would you invest it to provide a nice steady income? The ultimate goal is an income good enough to put your kids through private school, for you and family to live on, and provide for your eventual retirement. What would you do? Link to comment Share on other sites More sharing options...
night_rider Posted October 4, 2005 Share Posted October 4, 2005 Don't spend the 20 mil. Give the money to a professional to invest that charges 1% or less. On an average annual return of 10-11% allocate 5% for your annual allowance leaving the rest to battle inflation and down years. Now go spend the 5% anyway you please from now on. Link to comment Share on other sites More sharing options...
Thaipwriter Posted October 4, 2005 Share Posted October 4, 2005 I would free create a soi dog cleaning service that washed and blow dried street dogs free of charge so that they looked a little more cared for. I would pi55 the other 19 million up the wall Link to comment Share on other sites More sharing options...
bkkmadness Posted October 4, 2005 Share Posted October 4, 2005 Don't spend the 20 mil. Give the money to a professional to invest that charges 1% or less. On an average annual return of 10-11% allocate 5% for your annual allowance leaving the rest to battle inflation and down years. Now go spend the 5% anyway you please from now on. <{POST_SNAPBACK}> And too think I was gonna suggest a deluxe suite room at Poseidon. Link to comment Share on other sites More sharing options...
lordsux Posted October 4, 2005 Share Posted October 4, 2005 It wouldnt change my life! Link to comment Share on other sites More sharing options...
The_Moog Posted October 4, 2005 Share Posted October 4, 2005 I don't really need THB 20 million, but if I did win it... ...I would buy a round of drinks.................maybe. ...post production financing for Carnivology. ...i'd like to paint the spare bedroom either salmon pink or mustard. Link to comment Share on other sites More sharing options...
Farma Posted October 4, 2005 Author Share Posted October 4, 2005 Don't spend the 20 mil. Give the money to a professional to invest that charges 1% or less. On an average annual return of 10-11% allocate 5% for your annual allowance leaving the rest to battle inflation and down years. Now go spend the 5% anyway you please from now on. <{POST_SNAPBACK}> Sounds good. Would it be enough to live on? Would businesses provide better returns? We don't want all our eggs in the one basket do we? Link to comment Share on other sites More sharing options...
Girlfrombar Posted October 4, 2005 Share Posted October 4, 2005 gave all to the charities Link to comment Share on other sites More sharing options...
muldoon Posted October 4, 2005 Share Posted October 4, 2005 What would you do if you won 20 million Baht? If you were too young to retire, had a nice wife and small children, wanted to spend your life in Thailand. Let’s see, 1 Mil for a nice car, a few mil for a nice house, maybe a mil or so for the sick buffalo. What would you do with the rest? How would you invest it to provide a nice steady income? The ultimate goal is an income good enough to put your kids through private school, for you and family to live on, and provide for your eventual retirement. What would you do? <{POST_SNAPBACK}> only 20M ? I would expect most people in their 30s,40s to be worth at least that. Lets play the 1 billion baht game !!! Link to comment Share on other sites More sharing options...
conrad Posted October 4, 2005 Share Posted October 4, 2005 (edited) how much is 20 mil bhat in dollars?the lotto here in west virgina is 180 mil.Money is basically a distraction.o and what is the sick buffalo? Edited October 4, 2005 by conrad Link to comment Share on other sites More sharing options...
Mighty Mouse Posted October 4, 2005 Share Posted October 4, 2005 I'd stuff it all into a beggar's cup. That's the type of guy I am. Link to comment Share on other sites More sharing options...
leezer Posted October 5, 2005 Share Posted October 5, 2005 how much is 20 mil bhat in dollars?the lotto here in west virgina is 180 mil.Money is basically a distraction.o and what is the sick buffalo? <{POST_SNAPBACK}> get out yer calculator there, buggy, and i'm not talkin' about takin' off yer socks! Link to comment Share on other sites More sharing options...
SiamOne Posted October 5, 2005 Share Posted October 5, 2005 I would free create a soi dog cleaning service that washed and blow dried street dogs free of charge so that they looked a little more cared for.I would pi55 the other 19 million up the wall <{POST_SNAPBACK}> I assumed you were not Swedidh ThaiP Link to comment Share on other sites More sharing options...
fatter than harry Posted October 5, 2005 Share Posted October 5, 2005 I'd spend 2,739 baht everyday for twenty years. Link to comment Share on other sites More sharing options...
Farma Posted October 5, 2005 Author Share Posted October 5, 2005 Good to see there are still some generous people willing to feed the poor, the beer barons and take good care of the soi dogs. A billion would be nice to start with, but this challenge starts with a measly 20 Million. That equals US$500,000 for the Americans readers. Let’s see, they could start a real estate office for way less than 1 Mil and earn more than 10% on the investment. Maybe a franchise would make money? What about the returns from fattening cattle? Oops, farming, that would need the wife looking after them. Come on, there must be some good ideas out there. This challenge has to be possible. Link to comment Share on other sites More sharing options...
Jumbo chilli Posted October 5, 2005 Share Posted October 5, 2005 What would you do if you won 20 million Baht? If you were too young to retire, had a nice wife and small children, wanted to spend your life in Thailand. Let’s see, 1 Mil for a nice car, a few mil for a nice house, maybe a mil or so for the sick buffalo. What would you do with the rest? How would you invest it to provide a nice steady income? The ultimate goal is an income good enough to put your kids through private school, for you and family to live on, and provide for your eventual retirement. What would you do? <{POST_SNAPBACK}> Have you won one? If not, why are you asking this? If I won one, I'd give half the prize money to my wife, say good bye to her and go out find new one. Link to comment Share on other sites More sharing options...
Jumbo chilli Posted October 5, 2005 Share Posted October 5, 2005 What would you do if you won 20 million Baht? If you were too young to retire, had a nice wife and small children, wanted to spend your life in Thailand. Let’s see, 1 Mil for a nice car, a few mil for a nice house, maybe a mil or so for the sick buffalo. What would you do with the rest? How would you invest it to provide a nice steady income? The ultimate goal is an income good enough to put your kids through private school, for you and family to live on, and provide for your eventual retirement. What would you do? <{POST_SNAPBACK}> Have you won one? If not, why are you asking this? If I won one, I'd give half the prize money to my wife, say good bye to her and go out find new one. <{POST_SNAPBACK}> Oops, my wife just found it, ######. Link to comment Share on other sites More sharing options...
bendix Posted October 5, 2005 Share Posted October 5, 2005 20 million is a decent sum to build a life on here. A million on a car. 2 million on a house in Chiang Mai or somewhere similar. Blow a million on a lot of meaningless crap. That leaves 16 million. Invested in some relatively 8% invesment, and you're looking at an income of 100,000 baht a month, on top of anything else you can generate from income or existing investments. Link to comment Share on other sites More sharing options...
Farma Posted October 5, 2005 Author Share Posted October 5, 2005 Have you won one? No, wouldn’t it be nice though. If not, why are you asking this? Adding life to the forum, and getting a few ideas for the future. If I won one, I'd give half the prize money to my wife, say good bye to her and go out find new one. She’d have it in the divorce anyway. Oops, my wife just found it, ######. Som Num Nar Link to comment Share on other sites More sharing options...
nisagorn Posted October 5, 2005 Share Posted October 5, 2005 20 millions.... I will tell my bf to stop working and leave bkk...... Link to comment Share on other sites More sharing options...
richard10365 Posted October 5, 2005 Share Posted October 5, 2005 I would buy a nice truck, land, build a 2nd house, plasma tv, new washer & dryer (this does not mean get a new wife), new hi-fi for the new plasma tv, and buy things for all my Thai friends who helped me since I have been here. I would probably buy a new truck for my wifes father. Link to comment Share on other sites More sharing options...
Neeranam Posted October 5, 2005 Share Posted October 5, 2005 I would buy a nice truck 20 mill. and you want a truck! Link to comment Share on other sites More sharing options...
terdsak_12 Posted October 5, 2005 Share Posted October 5, 2005 Spend it all on booze, and birds!!! Link to comment Share on other sites More sharing options...
Noel Posted October 5, 2005 Share Posted October 5, 2005 (edited) What would you do if you won 20 million Baht? <{POST_SNAPBACK}> I would not tell a soul I had won, but I can guarantee that the Bahtbus.com led supporters of Father G’s Camillian Centre would have an inkling as the 2005 JAIDEE APPEAL JW DRUNKATHOLON: IN MEMORY OF AOM would break all records… Edit: If you have not read the thread started by richardb, please click on: Dying Girlfriend? Edited October 5, 2005 by Noel Link to comment Share on other sites More sharing options...
Heng Posted October 5, 2005 Share Posted October 5, 2005 You're much more likely (millions of times more likely) to make 20 million Baht by applying the time one dreams about someone giving them 20 million. Lotteries and the like help keep the people poor the world over. Now if my portfolio appreciated 20 million in a month, or if I made 20 million on a piece of real estate, I'd put those funds back to work immediately (take profit... or not... and put it into more real estate or take real estate gains and again, put it into more real estate). An idea I've been toying with is to make generational trusts (in land, because who knows what stocks or currencies will be like 50 to 100+ years from now) for my family that could only be accessed (and even so, only on a limited basis *perhaps under the stipulation that it could only be rented out, and never sold* over the course of their lives) by the particular generation it was meant for. Link to comment Share on other sites More sharing options...
ilyushin Posted October 5, 2005 Share Posted October 5, 2005 Invest 50% ( bonds, land, gold, etc...) .Take a much needed vacation for several months. What is left over spend on extra daily expenses. Link to comment Share on other sites More sharing options...
Jumbo chilli Posted October 5, 2005 Share Posted October 5, 2005 Have you won one? No, wouldn’t it be nice though. If not, why are you asking this? Adding life to the forum, and getting a few ideas for the future. If I won one, I'd give half the prize money to my wife, say good bye to her and go out find new one. She’d have it in the divorce anyway. Oops, my wife just found it, ######. Som Num Nar <{POST_SNAPBACK}> Take it easy, I was kidding. I'm not even allowed to think or dream in that way. Seriously if I won one, I'd spend couple of million on building swimming pool and the rest, my wife's bank account. Link to comment Share on other sites More sharing options...
Thaiboxer Posted October 5, 2005 Share Posted October 5, 2005 In addition to investing the money for our family's future, I would use some of it to open up a boxing camp. I would hire trainers I know in the industry and have local kids train to be boxers. Link to comment Share on other sites More sharing options...
MyNameIsFarang Posted October 5, 2005 Share Posted October 5, 2005 What would you do if you won 20 million Baht? <{POST_SNAPBACK}> I'd spend most of it on women and booze, and waste the rest. Link to comment Share on other sites More sharing options...
SiamOne Posted October 5, 2005 Share Posted October 5, 2005 What would you do if you won 20 million Baht? <{POST_SNAPBACK}> I would not tell a soul I had won, but I can guarantee that the Bahtbus.com led supporters of Father G’s Camillian Centre would have an inkling as the 2005 JAIDEE APPEAL JW DRUNKATHOLON: IN MEMORY OF AOM would break all records… Edit: If you have not read the thread started by richardb, please click on: Dying Girlfriend? <{POST_SNAPBACK}> Thanks for the pointer Noel. I just read it all and was crying so yes, all the money must go to causes like that Link to comment Share on other sites More sharing options...
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