Steady Income In Thailand?

[inthepink]

if you came here ten years ago and invested all your savings in nothing more exciting than a Thai bank account denominated in Baht, you would have made a handsome profit.

That depends very much on where you came from. The euro, Canadian dollar and Australian dollar are all stronger now compared to the Thai baht than they were ten years ago, so having the money in a THB bank account would have lost you money. The same is the case for the New Zealand dollar, the Swiss franc and all the Scandinavian currencies.

Sophon

Yes you're right, I should have been more specific. For those from the UK or USA, this simple strategy would have paid dividends. My point was not really that everybody should transfer all their cash over here and leave it in a bank. It was that it is ridiculous to continue to propagate the notion that Thailand is somehow unsafe as a country for investment purposes when, year after year, this proves not to be true.

I am too lazy to dig out figures but over the last decade you could have made a nice profit investing in shares here too.

A few years' stability does not make it a safe place to invest. That is one of the main reasons why you can make big profits; or lose them

SC

Yes, I am aware of the principles of risk vs reward and they apply to any country, not just this one.

[inthepink]

lose a house ,a business and your life savings ,come back in 3 months and tell us how you feel ......

You cannot own a house here, so how could you lose one?

Yes you can.

You might be able to but I, as a foreigner cannot. (If you're going to tell me I can own the physical building but not the land it sits on then please don't bother)

[mr78]

I have read this thread, and i think i've figured out the perfect buisness for you! A paranoia treatment course, plenty of clients here on TV.

Dont forget who gave you the idea...

[Geekfreaklover]

Below is one of the more interesting business models raking in cash in Thailand.

civet-poo-coffee.

http://doichaangcoffee.co.th/wild-civet-coffee

[ObsessiveAddict]

I have read this thread, and i think i've figured out the perfect buisness for you! A paranoia treatment course, plenty of clients here on TV.

Dont forget who gave you the idea...

I don't get it.

[ObsessiveAddict]

I have read this thread, and i think i've figured out the perfect buisness for you! A paranoia treatment course, plenty of clients here on TV.

Dont forget who gave you the idea...

I don't get it.

Oh never mind i get it now .

[BigJohnnyBKK]

all i ever hear of is stories of people being cheated out of their money ,wealth ,assets etc in thailand

once the subject ever comes up in conversation ,everyone seems to know someone who lost loads

either by being conned outright or trusting the wrong people like wifes, lawyers ,thai inlaws etc

i heard of an irish guy who got conned by his maid on TV and she forged his documents and stole

money or property

but personally ,i have never been stung big ,just overcharged sometimes on smal items hre and there and the occasional police bribe

when i do something wrong

>You cannot own a house here, so how could you lose one?

Very often people are conned into thinking they are "investing" when all they are actually doing is buying things for Thai people.

Thinking "this is my house" when it's actually owned by the woman acting as your current wife, or "this is my business" when it's actually legally owned by a bunch of strangers who you trust because they were recommended by a lawyer.

You gave that money away voluntarily at the beginning, so it isn't accurate to say anything got taken from you when you realize the truth later on.

Sometimes things work out, I suspect more often because the Thais involved were actually trustworthy rather than any special cleverness on the part of the farang investor.

[KeyserSoze01]

Below is one of the more interesting business models raking in cash in Thailand.

civet-poo-coffee.

http://doichaangcoff...ld-civet-coffee

They can't be serious, can they?

[Disander]

Below is one of the more interesting business models raking in cash in Thailand.

civet-poo-coffee.

They can't be serious, can they?

Years ago there was a coffee shop that I frequented, they had espresso beans that where gathered from bat guano. Very pricey coffee @ 25usd a cup and 150usd a half pound.

[pipo1000]

Below is one of the more interesting business models raking in cash in Thailand.

civet-poo-coffee.

http://doichaangcoff...ld-civet-coffee

I'm confident that coffee tastes like shit.

[scorecard]

Women do pay for sex.

Haven’t you seen any karaoke bars with a staff of young men? When the girls are sick of servicing elderly foreigners, some will go to these places and buy a young Thai stud for a session after they finish work.

And not only Thailand, young Japanese women flock to Bali for the Balinese surfie stud escorts, and the Japanese girls pay big money.

Three decades ago I was a student in an MBA class in a western country, there was one young Japanese man in the class who made no secret of the fact he had run out of funds and was working for an escort agency which supplied young men to local ladies.

I’m sure this profession is alive and well In most countries across the world.

Edited March 23, 2012 by scorecard

[wana]

of course rich women pay for sex ,but not anywhere near in the numbers that men will pay for it

thats the downside and why most of these guys end up being rented as gay escorts more often than rented by women

it sounds like a job made in paradise ,but as usual ,the devil is in the details

[inthepink]

Are "gay escorts" just men who are happy or is there more to it than that?

[BigJohnnyBKK]

it is ridiculous to continue to propagate the notion that Thailand is somehow unsafe as a country for investment purposes when, year after year, this proves not to be true.

The problem is people allowing themselves to be convinced they are "investing" their money by setting up illegal nominee companies just to be able to purchase a home, or setting up their honey in a hair salon or clothing boutique etc.

Especially when they're talking about liquidating their genuine assets safely parked back home in order to do so.

In which case the advice "only bring in enough to live on month to month" becomes golden. . .

[inthepink]

Sure, but that holds true in any country. A fool and his money......

[kerryk]

it is ridiculous to continue to propagate the notion that Thailand is somehow unsafe as a country for investment purposes when, year after year, this proves not to be true.

The problem is people allowing themselves to be convinced they are "investing" their money by setting up illegal nominee companies just to be able to purchase a home, or setting up their honey in a hair salon or clothing boutique etc.

Especially when they're talking about liquidating their genuine assets safely parked back home in order to do so.

In which case the advice "only bring in enough to live on month to month" becomes golden. . .

I sold my condo in the States in 2005 before the bust and put the money in THB. My money is in the bank. I have done OK.

[kerryk]

of course rich women pay for sex ,but not anywhere near in the numbers that men will pay for it

thats the downside and why most of these guys end up being rented as gay escorts more often than rented by women

it sounds like a job made in paradise ,but as usual ,the devil is in the details

Well that sure is the truth. I know of only 10 bars in Pattaya that cater to women for male rental as opposed to a hundred for male to male rental.

[kerryk]

lose a house ,a business and your life savings ,come back in 3 months and tell us how you feel ......

You cannot own a house here, so how could you lose one?

Yes you can.

You might be able to but I, as a foreigner cannot. (If you're going to tell me I can own the physical building but not the land it sits on then please don't bother)

Besides the obvious what is the difference between owning a house or condo for resale purposes? I can own a condo and sell it. I will make money if the property has appreciated or lose money if it has not. Yes?

[inthepink]

Yes you could, but you are no more likely to lose money on your property here than anywhere else. I've certainly never heard of anybody losing a condo because they were deported - have you?

Edited March 24, 2012 by inthepink

[StreetCowboy]

Yes you could, but you are no more likely to lose money on your property here than anywhere else. I've certainly never heard of anybody losing a condo because they were deported - have you?

I once lost my condo through strong drink, but with the help of a patient taxi driver, I found it eventually

SC

[wana]

do you need a work permit to buy and sell property for profit ? is it actually classed as work if i buy 3 condos,jazz them up a bit and then sell them next year on a higher price ?

[StreetCowboy]

do you need a work permit to buy and sell property for profit ? is it actually classed as work if i buy 3 condos,jazz them up a bit and then sell them next year on a higher price ?

I don't know. Does this all require any effort on your part? Do they spontaneously jazz up by themselves?

[wana]

do you need a work permit to buy and sell property for profit ? is it actually classed as work if i buy 3 condos,jazz them up a bit and then sell them next year on a higher price ?

I don't know. Does this all require any effort on your part? Do they spontaneously jazz up by themselves?

buying property usually requires some effort

but if its your own condo would you be alowed to paint ,decorate and make general improvments without a work permit ? even if

such improvements enabled the condo to be sold at a higher price ?

is it illegal to decorate your own property without a permit ?

[StreetCowboy]

do you need a work permit to buy and sell property for profit ? is it actually classed as work if i buy 3 condos,jazz them up a bit and then sell them next year on a higher price ?

I don't know. Does this all require any effort on your part? Do they spontaneously jazz up by themselves?

buying property usually requires some effort

but if its your own condo would you be alowed to paint ,decorate and make general improvments without a work permit ? even if

such improvements enabled the condo to be sold at a higher price ?

is it illegal to decorate your own property without a permit ?

I don't know. However, if there is more than one apartment in your possession at the same time, it may be difficult to justify that they were both / all home improvements. Anyway, as I always say - if its that important, pay for advice from a professional, rather than accepting gossip from anonymous strangers.

SC

[wana]

do you need a work permit to buy and sell property for profit ? is it actually classed as work if i buy 3 condos,jazz them up a bit and then sell them next year on a higher price ?

I don't know. Does this all require any effort on your part? Do they spontaneously jazz up by themselves?

buying property usually requires some effort

but if its your own condo would you be alowed to paint ,decorate and make general improvments without a work permit ? even if

such improvements enabled the condo to be sold at a higher price ?

is it illegal to decorate your own property without a permit ?

I don't know. However, if there is more than one apartment in your possession at the same time, it may be difficult to justify that they were both / all home improvements. Anyway, as I always say - if its that important, pay for advice from a professional, rather than accepting gossip from anonymous strangers.

SC

it isnt that important to me , i get enough cash from my current employ to live comfortably

anyway ,its entertaining what anonymous strangers have to say on a lot of subjects

let them have their say !

[StreetCowboy]

...

I don't know. Does this all require any effort on your part? Do they spontaneously jazz up by themselves?

buying property usually requires some effort

but if its your own condo would you be alowed to paint ,decorate and make general improvments without a work permit ? even if

such improvements enabled the condo to be sold at a higher price ?

is it illegal to decorate your own property without a permit ?

I don't know. However, if there is more than one apartment in your possession at the same time, it may be difficult to justify that they were both / all home improvements. Anyway, as I always say - if its that important, pay for advice from a professional, rather than accepting gossip from anonymous strangers.

SC

it isnt that important to me , i get enough cash from my current employ to live comfortably

anyway ,its entertaining what anonymous strangers have to say on a lot of subjects

let them have their say !

Normally, I try to buld up a little bit of credibility, then give some advice that I hope will lead to a story in the Bangkok Post...

[wana]

i thought they only publish mindless drivel in that paper

[StreetCowboy]

i thought they only publish mindless drivel in that paper

Non sequitor. I don;t know why you single out the Post. Its no different from teh Aberdeen Press and Journal in that respect

Let's face it - if you thought I had an objection to mindless drivel, you're clearly not following this forum very closely

SC

[wana]

i thought they only publish mindless drivel in that paper

Non sequitor. I don;t know why you single out the Post. Its no different from teh Aberdeen Press and Journal in that respect

Let's face it - if you thought I had an objection to mindless drivel, you're clearly not following this forum very closely

SC

i think the mindless drivel here is better quality than the mindless drivel there ,they could get more readers by printing some of the tv contributions

[Chivas]

Many survey companies online you can join and build up some cash over time.

It is slave labour if you worked out an hourly rate but if you join 20 or so you tend to be inundated with survey requests. You are declined for many many surveys as you'll not fit the profile, hence joining as many as possible.

As I mentioned peanuts paid but you can pick up $0.50 a survey minimum up to $5 or a lot more on occasion. What is does provide is a never ending source of income albeit very small.