What can you do with 2 Million Baht?

[Datebayo]

Hypothetically, you have 2 mil baht in your account and you are free to spent/invest it only in Thailand.

What would you do?

I am just wondering what the extent of 2 mil baht can do in Thailand?

[N47HAN]

Gold

Sent from my GT-N7100 using Thaivisa Connect Thailand mobile app

[h90]

buy a house....

[Likener1]

Have a hell of a month

[rgs2001uk]

Live like a peasant for the next 20 years, pay yourself a salary of 8k bath per month.

If you say it cant be done, au contraie, our resident Cheap Charlie will be along in a minute to tell you he lives on 7k per month., and is fighting the women off with a shitty stick.

[Boycie]

Invest in TGAU, it seems to be all the rage here at the moment.

Contact Costas2008 for more details.

Edited August 29, 2014 by Boycie

[falkan]

stockmarket

[Datebayo]

Really? no serious answers?

[CWMcMurray]

Stock market seemed a decent reply... There are a lot of decent high dividend yield stocks in the Thai market... Also no capital gains taxes

Or if you work here... Investing in LTF and RMF are tax deductible up to 15% of income... So less income tax to pay plus any gains in the market

[Deacon Bell]

I've a child here.

So probably a newly built condo, with the rental income put into a saving's account for the next 20 years.

At that point the savings could pay for their university, after which the condo is transferred to them to do with as they please.

Depends on how throw-away the 2m baht is to you.

[David48]

The OP isn't bragging, or making a 'look at me' statement ... he's asking a question of us.

For many people, 2 million Baht is an amount of money seriously worth considering.

In Thailand, I have an investment within a ball park of the amount the OP refers to,

but I also have investments in my birth country in excess of this amount.

Most of my investment in Thailand is in the Stock Market, mostly infrastructure Stocks like

the BTS or the BECL (Bangkok Expressway), I like the steady dividends they pay more then

the Capital appreciation (and potential loss) of the riskier Stocks.

What isn't in Shares is in Cash in the Bank.

As for (physical) Gold, I love to look at, touch it, feel it ... but, because it doesn't provide an

income, I'm not an Invester.

I gave a gold bracelet to my Thai gf when our Twins were born, and on her, it looks great.

There are men here whose net worth is 10 or 100 times that Bt 2 million the OP refers to,

but unless they won it or inherited it, I guarantee you to a man, the only reason they they

have made a mint was because they valued that initial Bt 2 million.

.

[geronimo]

You could do a lot of good with that money.

[Soutpeel]

Invest in TGAU, it seems to be all the rage here at the moment.

Contact Costas2008 for more details.

Boycie,

Costas's mail is [email protected] as of a few days ago....

[BKK Blues Brother]

set up a business farming frogs and selling at the local market.

Also get a noodle stall.

Pay the key money on a bar in a tourist place and ...

Just go for it and buy lottery tickets everyones a winner in Thailand

Edited August 30, 2014 by BKK Blues Brother

[chiang mai]

Open four UOB three year fixed rate deposit accounts at 3.25%, then get back to living your life as you were before. If you really need some money over the next three years, cash in one of the deposits.

[worgeordie]

Send it to me i know exactly what do do with it,and i never

had to ask anyone.

regards Worgeordie

[WhizBang]

Assuming the money is to be used as 'mad money', the first thing I would do is open a bank account and deposit 800,000 baht so I no longer needed to worry about seasoning my retirement money for immigration. I would also put into my will, that the account goes to my GF when I die.

As for the remaining 1.2M, I would buy things I need, such as nice furnishings for my condo (or a condo, if the OP doesn't already own one). With the remainder, I would travel and enjoy traveling around Thailand and SE Asia with my GF.

[seajae]

easy, send my daughter an airline ticket for a thai holiday and show her a wow of a time then take my wife and her daughter back to Australia with her and spend more time together there, Can never have too much family time but would put some away for ron......

[kmj]

50% silver & 50% bitcoin I still think its worth a punt.

[Naam]

50% silver & 50% bitcoin I still think its worth a punt.

roulette and blackjack in the casinos of Macau or Singapore might be worth a punt too

[Felt 35]

Open four UOB three year fixed rate deposit accounts at 3.25%, then get back to living your life as you were before. If you really need some money over the next three years, cash in one of the deposits.

3.25% , what time frame do you have to fix the account for?

Thanks

Felt

[chiang mai]

Open four UOB three year fixed rate deposit accounts at 3.25%, then get back to living your life as you were before. If you really need some money over the next three years, cash in one of the deposits.

3.25% , what time frame do you have to fix the account for?

Thanks

Felt

Er, um, 3 years!

The rate is fixed for three years and the bank is obliged to hold that rate for three years, but you can withdraw at any time, with the loss of all interest, except the normal savings rate of interest, 0.75% or so. FWIW I have four such accounts as a safety, it's not difficult to calculate the loss of interest you might incur if rates go up. The longer you hold the account when rates are low, the more likely you are to win over the three year term, it's not a bad safety net.

[thrilled]

Your only talking about $60,000.Invest it really?5% interest?what 100000 baht interest,maybe.

[Deacon Bell]

The OP obviously doesn't know that US$60,000 is chicken feed to posters on here. Not even worth investing.

[Burl Ives]

Thai Stock market...property funds e.g.CPNRF, SPF, QHPF give 8% annual dividend.

HMPRO also a good long term investment as they give good stock dividends!

[Felt 35]

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Open four UOB three year fixed rate deposit accounts at 3.25%, then get back to living your life as you were before. If you really need some money over the next three years, cash in one of the deposits.

3.25% , what time frame do you have to fix the account for?

Thanks

Felt

Er, um, 3 years! alt=laugh.png>

The rate is fixed for three years and the bank is obliged to hold that rate for three years, but you can withdraw at any time, with the loss of all interest, except the normal savings rate of interest, 0.75% or so. FWIW I have four such accounts as a safety, it's not difficult to calculate the loss of interest you might incur if rates go up. The longer you hold the account when rates are low, the more likely you are to win over the three year term, it's not a bad safety net.

obs...a bit quick reading...anyway Thanks.

[Pundi6446]

Huummm? maybe invest it in a Mia Noi?

[tingtongtourist]

The OP obviously doesn't know that US$60,000 is chicken feed to posters on here. Not even worth investing.

yes it is (to use USA term) chump change,why bother? Is probably only 1 years expenses for most of us..why blow it only to be a paupers hoes again?

Wakey wakey hands of snakey and come back and ask when you have 10x the amount

only they will probably still have a go at you then.haha

[tingtongtourist]

Your only talking about $60,000.Invest it really?5% interest?what 100000 baht interest,maybe.

where do you get 5% for such an amount? you cannot get much over 4 even in australia for risk free investment. In thailand you pay them to leave money in bank

[Bulldozer Dawn]

Commonwealth bank in australia offers an at call deposit online account, that has a government guarantee and currently pays 4 percent per annum. If you are not a tax resident of Australia you will pay 10 percent witholding tax so still yielding 3.6 percent.