DonW Posted September 30, 2012 Share Posted September 30, 2012 Hello Room, Some facts: I am a 38 year old Brit, but I am bored shitless in the UK, and want to move to Thailand. I am married to a Thai women and have been for many years. I've got a profession (and an income of about 45K) though I am not sure I can do what I do in Thailand and other than than , I am just another over qualified farang in Thailand, I've met 100s over the years. I want to work (teaching English FT doesn't interest me but I'd happily do a few hours in a school for poor kids). I don't have to work as, fortunately, I have a million USD in property, savings and investments which I try very hard to never touch though I could if I had to, it gives me security and peace of mind. Problem is it also makes me a bit lazy knowing that I dont have to work because, at my core, I am a lazy, unmotivated bastard unless my heart is totally in it, then I am driven, really driven. I like to work for my supper but, as I said, I need to be into what I doing. And my fear is that I will just be in the bars too much if I dont have a project of sorts. So, two question....what would YOU do in my situation and what do you think I should do? Thanks PS I lived in Thailand from 96-02 and my Thai was pretty good. Its a bit rusty now but I can still spend weeks with the relatives and not need to speak English. Link to comment Share on other sites More sharing options...
Popular Post SaoPaulo Posted September 30, 2012 Popular Post Share Posted September 30, 2012 (edited) what would YOU do in my situation Learn how to troll a bit more convincingly. Edited October 2, 2012 by bonobo 9 Link to comment Share on other sites More sharing options...
Popular Post Mossfinn Posted September 30, 2012 Popular Post Share Posted September 30, 2012 Calling Troll on your first post, there's a first 9 Link to comment Share on other sites More sharing options...
geriatrickid Posted September 30, 2012 Share Posted September 30, 2012 I have a million USD in property, savings and investments The key word is liquidity and the investment mix. I too have a lot of cash, but it pays less than 2% in interest. After tax, I have nothing much., at least not like back in the good old days where I was getting 5%. Personally, I dont think you have enough of an income to make a go of it in Thailand. Oh sure, there are some that can, but they are at an age where they can draw down on the assets. You are young and should not. The other factor is to consider is your comfort level. If you want a decent standard of living (AC, western toilet, comfortable accomodations, the ability to do as you want like going into the supermarket and buying without concern for the cost) then you had better budget accordingly and determine if you will have the income to support the lifestyle. It's a personal choice, and one which I would not do. I'm probably wealthier than than the typical TVFer, but I maintain a conservative approach to investments and spending. I won't retire until I have a much larger investment portfolio because I believe that the economy is about to nosedive after the US and German elections. I am risk averse, but there are others that can live with the risk and that are quite happy to live on a shoestring budget or not worry about income. You have to decide what your mental health can sustain. A 65 year old with a modest investment portfolio and pensions is in a much better position to retire than a young person, eeven if the younger person has lots of money. No one can give you the answer you want. The best that you will be told is to make your decision based upon the stress you can handle and the lifestyle you want. 1 Link to comment Share on other sites More sharing options...
ggold Posted September 30, 2012 Share Posted September 30, 2012 Last time it was an American guy with a million dollars, now it a UK guy with a million dollars. I think the million dollars gets around quite a bit. Sent from my GT-P6200 using Thaivisa Connect App Link to comment Share on other sites More sharing options...
HansVilder Posted September 30, 2012 Share Posted September 30, 2012 dude... open a bar! it's a sure fire winner of an idea. Not many people doing it these days. PM me for further details, i know of several for sale throughout the country. I'm well connected & my rates are low. Link to comment Share on other sites More sharing options...
Chittychangchang Posted September 30, 2012 Share Posted September 30, 2012 what would YOU do in my situation Learn how to troll a bit more convincingly. A Brit with a million DOLLARS not pounds, hmmmmmm Link to comment Share on other sites More sharing options...
DonW Posted September 30, 2012 Author Share Posted September 30, 2012 what would YOU do in my situation Learn how to troll a bit more convincingly. You have the wrong person, I am not troll. If you dont wish to add anything then no worries. I dont know you, you dont know me. Its all anonymous. I notice you have two posts. Clearly an addict not wanting to say as much in his own user name. How very strange. Link to comment Share on other sites More sharing options...
Popular Post DonW Posted September 30, 2012 Author Popular Post Share Posted September 30, 2012 what would YOU do in my situation Learn how to troll a bit more convincingly. A Brit with a million DOLLARS not pounds, hmmmmmm And, for your information, its invested offshore in dollars. It is quite normal to hold a currency other than that which your native nation uses. And especially now that sterling is so weak. 4 Link to comment Share on other sites More sharing options...
DonW Posted September 30, 2012 Author Share Posted September 30, 2012 (edited) Last time it was an American guy with a million dollars, now it a UK guy with a million dollars. I think the million dollars gets around quite a bit. Sent from my GT-P6200 using Thaivisa Connect App This is beyond me! What benefit could I possibly gain by coming onto an anonymous website and pretending to have a million USD? That would be inane and indicative of some kind of mental issue. Trust me, if I want giggles, I wouldn't be playing such games. Simply, if you dont wish to engage on the thread there are millions more on the net which may be more to your liking. What a strange post to make, ggold Edited September 30, 2012 by DonW Link to comment Share on other sites More sharing options...
DonW Posted September 30, 2012 Author Share Posted September 30, 2012 I have a million USD in property, savings and investments The key word is liquidity and the investment mix. I too have a lot of cash, but it pays less than 2% in interest. After tax, I have nothing much., at least not like back in the good old days where I was getting 5%. Personally, I dont think you have enough of an income to make a go of it in Thailand. Oh sure, there are some that can, but they are at an age where they can draw down on the assets. You are young and should not. The other factor is to consider is your comfort level. If you want a decent standard of living (AC, western toilet, comfortable accomodations, the ability to do as you want like going into the supermarket and buying without concern for the cost) then you had better budget accordingly and determine if you will have the income to support the lifestyle. It's a personal choice, and one which I would not do. I'm probably wealthier than than the typical TVFer, but I maintain a conservative approach to investments and spending. I won't retire until I have a much larger investment portfolio because I believe that the economy is about to nosedive after the US and German elections. I am risk averse, but there are others that can live with the risk and that are quite happy to live on a shoestring budget or not worry about income. You have to decide what your mental health can sustain. A 65 year old with a modest investment portfolio and pensions is in a much better position to retire than a young person, eeven if the younger person has lots of money. No one can give you the answer you want. The best that you will be told is to make your decision based upon the stress you can handle and the lifestyle you want. I agree about not drawing on the assets and that has always been the plan ...I am not a big spender at all and neither is the wife. Essentially, my tastes and comforts are such that I can live on 50k though 100k Thai baht a month is more to my liking. As for interest, the best I can do now is 4% before tax in the UK and I agree, the 5% no risk before tax just isnt there now (though I think you can squeeze 4.5% before tax and go non-resident). Good advice, thanks. I too dont want to risk my capital, it was too hard come by! Link to comment Share on other sites More sharing options...
NeverSure Posted September 30, 2012 Share Posted September 30, 2012 I have a million USD in property, savings and investments The key word is liquidity and the investment mix. I too have a lot of cash, but it pays less than 2% in interest. After tax, I have nothing much., at least not like back in the good old days where I was getting 5%. Personally, I dont think you have enough of an income to make a go of it in Thailand. Oh sure, there are some that can, but they are at an age where they can draw down on the assets. You are young and should not. The other factor is to consider is your comfort level. If you want a decent standard of living (AC, western toilet, comfortable accomodations, the ability to do as you want like going into the supermarket and buying without concern for the cost) then you had better budget accordingly and determine if you will have the income to support the lifestyle. It's a personal choice, and one which I would not do. I'm probably wealthier than than the typical TVFer, but I maintain a conservative approach to investments and spending. I won't retire until I have a much larger investment portfolio because I believe that the economy is about to nosedive after the US and German elections. I am risk averse, but there are others that can live with the risk and that are quite happy to live on a shoestring budget or not worry about income. You have to decide what your mental health can sustain. A 65 year old with a modest investment portfolio and pensions is in a much better position to retire than a young person, eeven if the younger person has lots of money. No one can give you the answer you want. The best that you will be told is to make your decision based upon the stress you can handle and the lifestyle you want. I agree about not drawing on the assets and that has always been the plan ...I am not a big spender at all and neither is the wife. Essentially, my tastes and comforts are such that I can live on 50k though 100k Thai baht a month is more to my liking. As for interest, the best I can do now is 4% before tax in the UK and I agree, the 5% no risk before tax just isnt there now (though I think you can squeeze 4.5% before tax and go non-resident). Good advice, thanks. I too dont want to risk my capital, it was too hard come by! If you're invested in dollars you should be worried. The way the US is printing them to pay bills, and with a national deficit and debt and unfunded liabilities around $100 trillion, and with the economy still tanking... Also you need to investigate what type of work you can do in Thailand. The government has no tolerance for foreigners taking any job that a Thai can do. You need a work permit which is nearly impossible unless you work for a multinational company and do something a Thai can't do. Your other option is to teach English if you qualify. People I know who are doing that average around US$1200 doing that. You can live on that if you don't expect the same lifestyle you have now, but you won't save much for retirement. It's very possible if not probable that US$1 million will just buy a loaf of bread in about ten years. It's very possible that the West could collectivelly crash into the toilet from deficits and debt and a shrinking economy, taking the emerging economies with them. Don't forget that there are already a lot of expats in Thailand who are barely making it, and have no where to go. I'm moving to Thailand next year but I'm in my 60's with full retirement and savings. I've literally budgeted US$50,000 to get landed. That's without buying a condo. (And don't forget you can't own land.) Cars are horribly expensive and I'll buy one. I'll buy a scooter. I'll pay the cost of renting and setup. I'll pay my airfare, my retirement visa costs and my driver's license and insurance and so on. Day one I get a cell phone and rent a scooter. Day two I start looking for a place to rent. All the while I'm working hard on my visa and other licenses and permits. I think you're dreaming, if you're real. Link to comment Share on other sites More sharing options...
DonW Posted September 30, 2012 Author Share Posted September 30, 2012 If you're invested in dollars you should be worried. The way the US is printing them to pay bills, and with a national deficit and debt and unfunded liabilities around $100 trillion, and with the economy still tanking... Also you need to investigate what type of work you can do in Thailand. The government has no tolerance for foreigners taking any job that a Thai can do. You need a work permit which is nearly impossible unless you work for a multinational company and do something a Thai can't do. Your other option is to teach English if you qualify. People I know who are doing that average around US$1200 doing that. You can live on that if you don't expect the same lifestyle you have now, but you won't save much for retirement. It's very possible if not probable that US$1 million will just buy a loaf of bread in about ten years. It's very possible that the West could collectivelly crash into the toilet from deficits and debt and a shrinking economy, taking the emerging economies with them. Don't forget that there are already a lot of expats in Thailand who are barely making it, and have no where to go. I'm moving to Thailand next year but I'm in my 60's with full retirement and savings. I've literally budgeted US$50,000 to get landed. That's without buying a condo. (And don't forget you can't own land.) Cars are horribly expensive and I'll buy one. I'll buy a scooter. I'll pay the cost of renting and setup. I'll pay my airfare, my retirement visa costs and my driver's license and insurance and so on. Day one I get a cell phone and rent a scooter. Day two I start looking for a place to rent. All the while I'm working hard on my visa and other licenses and permits. I think you're dreaming, if you're real . ] Thats an interesting post, thank you. Dollars have worked well for me. I invested my sterling into dollars when it was at nearly 1:2 now I am seeing 1:1.65. I will get out of dollars but not just yet. I am considering what I can/will do in Thailand. I have another thread on this. Aside, from that thread, I am experienced practically in business and also have an advanced business degree which the Thais respect. I would not teach English. I had a work permit from 96-02 though I didnt work for a multinational. The million:bread concept - I dont think that we can consider such things otherwise the world and our futures breaks down. Equally I could get hit by a falling plane, I dont plan for such things, I don't need to plan for retirement, I think my capital if untouched will grow and cater to that. What permits and licenses are you looking for? Yes, I am real but why do you think I am dreaming? Link to comment Share on other sites More sharing options...
wamberal Posted September 30, 2012 Share Posted September 30, 2012 Put the million in a managed fund that is invested in blue chip Australian shares. 6% per annum, and very little currency risk for the forseeable future. Anybody who is relatively young and contemplating retirement needs to put their money into growth assets, and in particular, assets whose underlying income will continue to grow. Link to comment Share on other sites More sharing options...
pauljones Posted September 30, 2012 Share Posted September 30, 2012 If you Google, 'retire million dollars' you will find you can withdraw about 4% a year from your savings/investment account. Link to comment Share on other sites More sharing options...
Popular Post Naam Posted September 30, 2012 Popular Post Share Posted September 30, 2012 (edited) Thats an interesting post, thank you. Dollars have worked well for me. I invested my sterling into dollars when it was at nearly 1:2 now I am seeing 1:1.65. I will get out of dollars but not just yet. I am considering what I can/will do in Thailand. I have another thread on this. Aside, from that thread, I am experienced practically in business and also have an advanced business degree which the Thais respect. I would not teach English. I had a work permit from 96-02 though I didnt work for a multinational. The million:bread concept - I dont think that we can consider such things otherwise the world and our futures breaks down. Equally I could get hit by a falling plane, I dont plan for such things, I don't need to plan for retirement, I think my capital if untouched will grow and cater to that. What permits and licenses are you looking for? Yes, I am real but why do you think I am dreaming? i gave you the benefit of doubt when others called you a troll. even now i don't think you are a troll because most trolls are not as ignorant as somebody who claims that an exchange rate loss of 37.5% justifies to say "Dollars have worked well for me". Edited September 30, 2012 by Naam 4 Link to comment Share on other sites More sharing options...
Time Traveller Posted September 30, 2012 Share Posted September 30, 2012 I have a million USD in property, savings and investments The key word is liquidity and the investment mix. I too have a lot of cash, but it pays less than 2% in interest. After tax, I have nothing much., at least not like back in the good old days where I was getting 5%. Personally, I dont think you have enough of an income to make a go of it in Thailand. Oh sure, there are some that can, but they are at an age where they can draw down on the assets. You are young and should not. The other factor is to consider is your comfort level. If you want a decent standard of living (AC, western toilet, comfortable accomodations, the ability to do as you want like going into the supermarket and buying without concern for the cost) then you had better budget accordingly and determine if you will have the income to support the lifestyle. It's a personal choice, and one which I would not do. I'm probably wealthier than than the typical TVFer, but I maintain a conservative approach to investments and spending. I won't retire until I have a much larger investment portfolio because I believe that the economy is about to nosedive after the US and German elections. I am risk averse, but there are others that can live with the risk and that are quite happy to live on a shoestring budget or not worry about income. You have to decide what your mental health can sustain. A 65 year old with a modest investment portfolio and pensions is in a much better position to retire than a young person, eeven if the younger person has lots of money. No one can give you the answer you want. The best that you will be told is to make your decision based upon the stress you can handle and the lifestyle you want. I agree about not drawing on the assets and that has always been the plan ...I am not a big spender at all and neither is the wife. Essentially, my tastes and comforts are such that I can live on 50k though 100k Thai baht a month is more to my liking. As for interest, the best I can do now is 4% before tax in the UK and I agree, the 5% no risk before tax just isnt there now (though I think you can squeeze 4.5% before tax and go non-resident). Good advice, thanks. I too dont want to risk my capital, it was too hard come by! If you're invested in dollars you should be worried. The way the US is printing them to pay bills, and with a national deficit and debt and unfunded liabilities around $100 trillion, and with the economy still tanking... It's very possible if not probable that US$1 million will just buy a loaf of bread in about ten years. It's very possible that the West could collectivelly crash into the toilet from deficits and debt and a shrinking economy, taking the emerging economies with them. Don't worry NeverSure, I already have 30 trillion USD saved up. I might throw you a few bread crumbs from my million dollar bread loaf in 2022 if you're hungry. Link to comment Share on other sites More sharing options...
kurnell Posted September 30, 2012 Share Posted September 30, 2012 Buy 5 x 7-11s and live off the profits Link to comment Share on other sites More sharing options...
Sharp Posted September 30, 2012 Share Posted September 30, 2012 Last time it was an American guy with a million dollars, now it a UK guy with a million dollars. I think the million dollars gets around quite a bit.Sent from my GT-P6200 using Thaivisa Connect App Yeah yank saying a million dollars ..ok. A Brit saying anything in dollars I don't think so £s my friend u really got a way with it close this nonsense .. Sent from my iPad using ThaiVisa app Link to comment Share on other sites More sharing options...
loong Posted September 30, 2012 Share Posted September 30, 2012 Thats an interesting post, thank you. Dollars have worked well for me. I invested my sterling into dollars when it was at nearly 1:2 now I am seeing 1:1.65. I will get out of dollars but not just yet. I am considering what I can/will do in Thailand. I have another thread on this. Aside, from that thread, I am experienced practically in business and also have an advanced business degree which the Thais respect. I would not teach English. I had a work permit from 96-02 though I didnt work for a multinational. The million:bread concept - I dont think that we can consider such things otherwise the world and our futures breaks down. Equally I could get hit by a falling plane, I dont plan for such things, I don't need to plan for retirement, I think my capital if untouched will grow and cater to that. What permits and licenses are you looking for? Yes, I am real but why do you think I am dreaming? i gave you the benefit of doubt when others called you a troll. even now i don't think you are a troll because most trolls are not as ignorant as somebody who claims that an exchange rate loss of 37.5% justifies to say "Dollars have worked well for me". How is it a loss? If he changes it back into UK Pounds now, he will have made a 20% profit. Link to comment Share on other sites More sharing options...
Popular Post Naam Posted October 1, 2012 Popular Post Share Posted October 1, 2012 Thats an interesting post, thank you. Dollars have worked well for me. I invested my sterling into dollars when it was at nearly 1:2 now I am seeing 1:1.65. I will get out of dollars but not just yet. I am considering what I can/will do in Thailand. I have another thread on this. Aside, from that thread, I am experienced practically in business and also have an advanced business degree which the Thais respect. I would not teach English. I had a work permit from 96-02 though I didnt work for a multinational. The million:bread concept - I dont think that we can consider such things otherwise the world and our futures breaks down. Equally I could get hit by a falling plane, I dont plan for such things, I don't need to plan for retirement, I think my capital if untouched will grow and cater to that. What permits and licenses are you looking for? Yes, I am real but why do you think I am dreaming? i gave you the benefit of doubt when others called you a troll. even now i don't think you are a troll because most trolls are not as ignorant as somebody who claims that an exchange rate loss of 37.5% justifies to say "Dollars have worked well for me". How is it a loss? If he changes it back into UK Pounds now, he will have made a 20% profit. hmmm... he bought dollars when one UK Pound bought 1.20 Dollars and has to pay now 1.65 Dollars to buy one UK Pound. let's take a look: -once upon a time there was a troll who had 500,000 UK Pounds, -the troll thought "Dollars will work for me" and bought 600.000 Dollars at a rate of 1.20, -some years later the troll was advised (by Thaivisa experts) to get out of the Dollar, -he took the advice and bought 363,636 Pounds with his 600k Dollars at a rate of 1.65 now the troll is very happy. he is not concerned that he has incurred a loss of 136,364 UK Pounds. he puts all his Pounds on the kitchen table, adds a big mirror, counts a total of 727,272 UK Pounds and lives happily ever after in Nakhon Nowhere where he teaches "how to make a fortune with fluctuating exchange rates." 8 Link to comment Share on other sites More sharing options...
Popular Post loong Posted October 1, 2012 Popular Post Share Posted October 1, 2012 Thats an interesting post, thank you. Dollars have worked well for me. I invested my sterling into dollars when it was at nearly 1:2 now I am seeing 1:1.65. I will get out of dollars but not just yet. I am considering what I can/will do in Thailand. I have another thread on this. Aside, from that thread, I am experienced practically in business and also have an advanced business degree which the Thais respect. I would not teach English. I had a work permit from 96-02 though I didnt work for a multinational. The million:bread concept - I dont think that we can consider such things otherwise the world and our futures breaks down. Equally I could get hit by a falling plane, I dont plan for such things, I don't need to plan for retirement, I think my capital if untouched will grow and cater to that. What permits and licenses are you looking for? Yes, I am real but why do you think I am dreaming? i gave you the benefit of doubt when others called you a troll. even now i don't think you are a troll because most trolls are not as ignorant as somebody who claims that an exchange rate loss of 37.5% justifies to say "Dollars have worked well for me". How is it a loss? If he changes it back into UK Pounds now, he will have made a 20% profit. hmmm... he bought dollars when one UK Pound bought 1.20 Dollars and has to pay now 1.65 Dollars to buy one UK Pound. let's take a look: -once upon a time there was a troll who had 500,000 UK Pounds, -the troll thought "Dollars will work for me" and bought 600.000 Dollars at a rate of 1.20, -some years later the troll was advised (by Thaivisa experts) to get out of the Dollar, -he took the advice and bought 363,636 Pounds with his 600k Dollars at a rate of 1.65 now the troll is very happy. he is not concerned that he has incurred a loss of 136,364 UK Pounds. he puts all his Pounds on the kitchen table, adds a big mirror, counts a total of 727,272 UK Pounds and lives happily ever after in Nakhon Nowhere where he teaches "how to make a fortune with fluctuating exchange rates." Ah, I see your mistake now. Understandable as it wasn't written very clearly. "I invested my sterling into dollars when it was at nearly 1:2 now I am seeing 1:1.65." He bought US$ when $:GBP was 1:2, ie 2$ for 1GBP. 500,000 GBP would buy 1 million $. If he sold those $ now at 1:1.65, he would receive just over 600,000 GBP. A profit of 20% 4 Link to comment Share on other sites More sharing options...
stiggy Posted October 1, 2012 Share Posted October 1, 2012 Spend it all on hookers beer and other naughty stuff. Fall in love with a girl who you luckily meet on her first night as a waitress in a gogo bar, provide medical care for her sick buffalo's build them all a house then realise her brother is actually her husband. Then as your young start again and volia you have the motivation you stated you was lacking Link to comment Share on other sites More sharing options...
Naam Posted October 1, 2012 Share Posted October 1, 2012 Ah, I see your mistake now. Understandable as it wasn't written very clearly. "I invested my sterling into dollars when it was at nearly 1:2 now I am seeing 1:1.65." He bought US$ when $:GBP was 1:2, ie 2$ for 1GBP. 500,000 GBP would buy 1 million $. If he sold those $ now at 1:1.65, he would receive just over 600,000 GBP. A profit of 20% missing reading glasses Loong. one of my dogs must have borrowed them 2 Link to comment Share on other sites More sharing options...
roadrunerboi Posted October 1, 2012 Share Posted October 1, 2012 Paid that amount for an apartment... Link to comment Share on other sites More sharing options...
15Peter20 Posted October 1, 2012 Share Posted October 1, 2012 I have a million USD in property, savings and investments The key word is liquidity and the investment mix. I too have a lot of cash, but it pays less than 2% in interest. After tax, I have nothing much., at least not like back in the good old days where I was getting 5%. Personally, I dont think you have enough of an income to make a go of it in Thailand. Oh sure, there are some that can, but they are at an age where they can draw down on the assets. You are young and should not. The other factor is to consider is your comfort level. If you want a decent standard of living (AC, western toilet, comfortable accomodations, the ability to do as you want like going into the supermarket and buying without concern for the cost) then you had better budget accordingly and determine if you will have the income to support the lifestyle. It's a personal choice, and one which I would not do. I'm probably wealthier than than the typical TVFer, but I maintain a conservative approach to investments and spending. I won't retire until I have a much larger investment portfolio because I believe that the economy is about to nosedive after the US and German elections. I am risk averse, but there are others that can live with the risk and that are quite happy to live on a shoestring budget or not worry about income. You have to decide what your mental health can sustain. A 65 year old with a modest investment portfolio and pensions is in a much better position to retire than a young person, eeven if the younger person has lots of money. No one can give you the answer you want. The best that you will be told is to make your decision based upon the stress you can handle and the lifestyle you want. I agree about not drawing on the assets and that has always been the plan ...I am not a big spender at all and neither is the wife. Essentially, my tastes and comforts are such that I can live on 50k though 100k Thai baht a month is more to my liking. As for interest, the best I can do now is 4% before tax in the UK and I agree, the 5% no risk before tax just isnt there now (though I think you can squeeze 4.5% before tax and go non-resident). Good advice, thanks. I too dont want to risk my capital, it was too hard come by! Hi Am I right in thinking that the 4% 'best case' interest you can get in the UK will barely cover inflation, ie you aren't actually increasing the value of your money at all? I recently came into a similar amount you are talking about, and it seems hard enough just to keep the return up with inflation let alone derive any kind of net gain off it. Seems the only way to guarantee enjoying the full value of the money is to spend it all straight away Having said that, I'm wondering what the inflation rate is in Thailand compared to England. For example, would 4% in a UK bank beat Thai inflation if one was to send the interest Thai-side, or vice-versa? Haven't looked into it yet, but will really have to soon. Cheers Link to comment Share on other sites More sharing options...
barefoot1988 Posted October 1, 2012 Share Posted October 1, 2012 used to trade stocks but focus on forex now. all my savings are spread in several blue chips, the dividends alone are pretty much sufficient to survive here, all of them are in green since i entered the position. but counting the infatuation and everything, i might not had gain much except the dividends maybe you could speak to a financial adviser on this. im pretty sure you will get better advice and with a million you should able to survive here just based on dividends unless you had a pretty high life. of course do commit some time into some researching before entering anything Link to comment Share on other sites More sharing options...
Popular Post Naam Posted October 1, 2012 Popular Post Share Posted October 1, 2012 Having said that, I'm wondering what the inflation rate is in Thailand compared to England. For example, would 4% in a UK bank beat Thai inflation if one was to send the interest Thai-side, or vice-versa? Haven't looked into it yet, but will really have to soon inflation is something that is not static but affects people in an individual and completely different manner, mainly based on their income and there spending patterns. there are several threads in which inflation is discussed lengthy and in details. unfortunately could not find any with the search function. here a few points. if the income of a person/family from capital investment is relatively high and the expenses for food are in the range of 5% an inflation rate of 10% for basic food stuff will be compensated multiple times by the yields achieved. whereas a normal Thai worker making 8,000 Baht and spends 50% on food for his family and himself will suffer. if pork, beef, chicken and seafood double in price but vegetable prices are stable, a vegetarian couldn't care less. if you own the roof over your head any rent increases won't bother you and if you drive a small motorbike the price hikes of Ferrari or BMW will not cause you sleepless nights. the list of individual effects is endless! 3 Link to comment Share on other sites More sharing options...
jacktrip Posted October 1, 2012 Share Posted October 1, 2012 you would most likely end up drinking in a bar, unless you can manage a nice seaside location here. Link to comment Share on other sites More sharing options...
ggold Posted October 1, 2012 Share Posted October 1, 2012 Last time it was an American guy with a million dollars, now it a UK guy with a million dollars. I think the million dollars gets around quite a bit. Sent from my GT-P6200 using Thaivisa Connect App This is beyond me! What benefit could I possibly gain by coming onto an anonymous website and pretending to have a million USD? That would be inane and indicative of some kind of mental issue. Trust me, if I want giggles, I wouldn't be playing such games. Simply, if you dont wish to engage on the thread there are millions more on the net which may be more to your liking. What a strange post to make, ggold You will have to excuse the doubting thomas's! As my reply says there was an american guy with a similar post who was a troll. However, I find it amaizing that a guy with a million in assets needs to come on here for advice, even to mention a net worth is suspect! I also disagree with you about sterlings weakness, it is up against the dollar or has been in recent weeks, so you net worth translated into sterling is less depending on when you invested. Besides 1million $ is only about £625000. So if your post is about living and or working in Thailand, why the need to tell all that your a $ millionaire? There a many expats living in Thailand with less and making a success of it. Sent from my GT-P6200 using Thaivisa Connect App Link to comment Share on other sites More sharing options...
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