smotherb Posted July 16, 2015 Share Posted July 16, 2015 That's not very much money. Better hang on if that's all there is. Edit: I mean if there's no retirement income and that's all there is for life including potential medical etc. Yes, that is less than $300k; however, since you are apparently not a day trader yourself, a reputable investment broker can recommend an income investment portfolio which should earn you more than an NES teacher's salary. I suggest you google, "income generating investments" and do some reading. Link to comment Share on other sites More sharing options...
NeverSure Posted July 16, 2015 Share Posted July 16, 2015 Hmm, my latest little guesthouse cost me 2.5m to build and since opening 8 months ago, it has earned me on average 160,000 baht per month. (Yes, I know most won't believe me). Subtract 30k max for my monthly bills and I seem to be doing OK, (thanks to the lovely Chinese tourists in Phuket - Xie Xie!) I learn over the past 10 or so years of running small hotels how NOT to do it. The most important thing is to lease land in your name for say 20 years and construct your buldings - no 3 year lease term with increasing rent. (My monthly land lease amount is just 16,000 baht, fixed for the next 18 years). Simon, with all due respect, I'm retired very comfortably and the LAST thing I want is a guesthouse to run. Or a bar. Or a restaurant. Or a job teaching school... Retired means passive income and even if I hired a manager I couldn't walk away from the guesthouse and be truly retired. Retired is selling a guesthouse, not building or owning one. Back to the OP, BHT10 mil isn't much money but at my age I could make it last. I wouldn't want to. I also wouldn't want risk investments if that's all I had. Cheers Link to comment Share on other sites More sharing options...
TheWizardofRnR Posted July 16, 2015 Share Posted July 16, 2015 (edited) Put 5 million away to retire on so you get it sent to you monthly , when u need it , 1 million on hand to live on and 3 Million to do my Deli in Bangkok or Pattaya , I lived here 28 years now and my food has a good reputation ! Phuket's downturn took out the Business in Patong Beach and Pattaya is slow also Tourist wise but not ex-pats , still many. I make my own Pastrami Corned Beef and Knishes...plus many other deli foods and a line of pickled products and a Frozen Food Line...but that's selfish , just retire and send yourself a budget to live on , and get yourself Insurance for any illnesses that might occur , so you don't get wiped out by Hospitalization or we get a shophouse or house that can live and work ! How old are you ? Just saw last post on not wanting to do a bar , hotel or restaurant , so try the frozen food biz from your home , no need to start it up here for 200,000 to 500,000Baht depending on different ideas of what exactly u make and its not working as the head cook does the work . We had the frozen foods and pickle business in 1 location and did ok for out of our room. We sold alot of Pickles to restaurants too! Edited July 16, 2015 by TheWizardofRnR Link to comment Share on other sites More sharing options...
puukao Posted July 16, 2015 Share Posted July 16, 2015 10 million baht. you might want to rent "poor" 1,000,000 baht.....or 5000 baht a month for 200 months. 16.6 years OK, now put in an emergency fund of 500000 baht put away enough for visas, etc...maybe another 1,000,000 for the rest of your life for visas 1,000,000 baht for health care say you spend 3,000,000 on food 1,000,000 on "luxury items" now you are left with 2.5 million baht 2.49 to first wife 11 million to second wife 123213213213 million to third wife there goes the budget!!!! Link to comment Share on other sites More sharing options...
mrfaroukh Posted July 16, 2015 Share Posted July 16, 2015 Assuming that you want to stay long time in Thailand. If you get a good return invest it in your own country in property etc to give you monthly income, and use that income for your expenses in Thailand. If you can not invest it as I mentioned then buy a cheap condo say around 600 000 Baht. You can get it in Pattaya (Nirun Condo) or places like that. So you have no monthly expenses for your stay. Put most of your money in fixed deposit to get few percent interest. And spend as less as possible because that much money soon finish in a place like Thailand with all the activities. Link to comment Share on other sites More sharing options...
fey Posted July 16, 2015 Share Posted July 16, 2015 See the guy on the right in my pic? That is my old neighbor. He had more funds then that. Came to Thailand (Chiang Mai) from the USA and get a inflated head about his new found wealth conversion-wise. Used to sit around drinking fine wine, doing pilates and sitting in an air-con unit most of the time. Funny thing is, Thailand was not for him and it was all just a defense to convince himself and others he was happy here. Ended up moving to France. Lasted about a year in Thailand before he threw in the towel. Link to comment Share on other sites More sharing options...
fey Posted July 16, 2015 Share Posted July 16, 2015 10M Baht available?....hmmmmm...yes I do have & more....so I sure as hell ain't posting my intentions here that's for sure. If you have 10M you should know what to do with it, so why ask. Same reason you gave your figures here, i suppose. Link to comment Share on other sites More sharing options...
Crazy chef 1 Posted July 16, 2015 Share Posted July 16, 2015 Easy...200 000 bottles of Leo and some fags... Link to comment Share on other sites More sharing options...
Ace of Pop Posted July 16, 2015 Share Posted July 16, 2015 I'd pay off this years electric bill for the Aircon no one turns off. Link to comment Share on other sites More sharing options...
Crazy chef 1 Posted July 16, 2015 Share Posted July 16, 2015 See the guy on the right in my pic? That is my old neighbor. He had more funds then that. Came to Thailand (Chiang Mai) from the USA and get a inflated head about his new found wealth conversion-wise. Used to sit around drinking fine wine, doing pilates and sitting in an air-con unit most of the time. Funny thing is, Thailand was not for him and it was all just a defense to convince himself and others he was happy here. Ended up moving to France. Lasted about a year in Thailand before he threw in the towel. The last time it has been your brother... Link to comment Share on other sites More sharing options...
MaeJoMTB Posted July 16, 2015 Share Posted July 16, 2015 Learn how to sail! Buy a boat! Travel the world! LOL. You must be a very old man in your eighties and still living in the past. 10m baht is hardly a huge amount today, can at best buy a cramped 60sqm condo close to a bts/mrt in midtown bangkok. And you think he can buy a luxury yacht and sail around the world for the rest of his life!! $50,000 (1.6Mbht) http://www.yachtworld.com/boats/1974/Columbia-43-MKIII--2724642/KoOlina/HI/United-States#.VahCyfmqqko Link to comment Share on other sites More sharing options...
catman20 Posted July 17, 2015 Share Posted July 17, 2015 You could in fact buy more than 20 condos easily. If you wanted smaller 27square condos that needed a little work but great for rent, then you could buy well over 30 condos and rent for say 3 or 4k a month each. that would keep you entertained chasing the Thais for the rent every month. good luck on that one Link to comment Share on other sites More sharing options...
catman20 Posted July 17, 2015 Share Posted July 17, 2015 not in a woman........................stay single Link to comment Share on other sites More sharing options...
saakura Posted July 17, 2015 Share Posted July 17, 2015 Learn how to sail! Buy a boat! Travel the world!LOL. You must be a very old man in your eighties and still living in the past. 10m baht is hardly a huge amount today, can at best buy a cramped 60sqm condo close to a bts/mrt in midtown bangkok. And you think he can buy a luxury yacht and sail around the world for the rest of his life!! $50,000 (1.6Mbht)yacht.jpg http://www.yachtworld.com/boats/1974/Columbia-43-MKIII--2724642/KoOlina/HI/United-States#.VahCyfmqqko And you think can sail around the world in this 1974 relic? See the prices of other boats listed below it, more likely to cost 300k up. Link to comment Share on other sites More sharing options...
steven100 Posted July 17, 2015 Share Posted July 17, 2015 sex & beer .... Link to comment Share on other sites More sharing options...
55Jay Posted July 17, 2015 Share Posted July 17, 2015 (edited) See the guy on the right in my pic? That is my old neighbor. He had more funds then that. Came to Thailand (Chiang Mai) from the USA and get a inflated head about his new found wealth conversion-wise. Used to sit around drinking fine wine, doing pilates and sitting in an air-con unit most of the time. Funny thing is, Thailand was not for him and it was all just a defense to convince himself and others he was happy here. Ended up moving to France. Lasted about a year in Thailand before he threw in the towel. Did you just change your avatar to your ex-neighbor's photo in order to make this point? PS: Valid point, worthwhile example, just found the photo part intriguing. Edited July 17, 2015 by 55Jay Link to comment Share on other sites More sharing options...
Hornyskunk Posted July 17, 2015 Share Posted July 17, 2015 With 10m baht, I could finally marry my girlfriend, who I love more than anything. I've been wondering for a long time how I'll be able to afford her dowry. She is from a really good family. dow·ry noun noun: dowry; plural noun: dowries property or money brought by a bride to her husband on their marriage. God, how I wish that were true. I've asked my dad to loan me money to pay her dowry, but he absolutely refuses because he's too old and white and intolerant. He told me in very racist terms that dowries are retarded and that if a culture is going to be so ignorant and uncivilized as to continue the practice, the dowry should always go to the man for having to put up with the woman for the rest of his life. I tend to agree with my dad on most things, but he doesn't understand love (he's borderline autistic). Link to comment Share on other sites More sharing options...
fang37 Posted July 17, 2015 Author Share Posted July 17, 2015 At my age (67), investing in budget condos=headaches I have purchased 30+ investment properties over the years. In most cases they were self-managed. Agents - my experience - inferior management - put anyone in - get the commission. Maintenance - sweetheart deals with contractors ie kick-backs The more I consider, the 2% on offer by the banks looks "OK". Link to comment Share on other sites More sharing options...
Bernard Flint Posted July 17, 2015 Share Posted July 17, 2015 (edited) Investing in condos is not a mugs game if you do your homework and are prepared to put some effort in. I get a 7% return. If you look on DD Property and other sites you can sometimes find prime location condos which need fixing up. I am already doing this and have bought two, a 1.25M 35 sqm near the airport in a nice development in srinakarin which i rent mainly to stewardesses, and a 67 sqm condo in a prime part of Ekkamai for 3.2 M 2 years ago. I then did a complete redesign with new kitchen and rent it for just under 20,000b a month. When you buy, watch the exchange rate like a hawk. I bought my last place in the middle of the troubles and chose the day of a big Suthep rally to negotiate with the thai bank intermediary, and got a very good rate that day. One idea would be to buy smaller condos near prime BTS stations on sukhumvit road, this is good for AirBNB rentals Are you actualy saying Suthep was good for something????? hahahahah Edited July 17, 2015 by Bernard Flint Link to comment Share on other sites More sharing options...
little mary sunshine Posted July 17, 2015 Share Posted July 17, 2015 Won't last long. Good SEcurity amt for medical, emergency Travel, but you need at least B30K per month every month to Live Link to comment Share on other sites More sharing options...
fang37 Posted July 17, 2015 Author Share Posted July 17, 2015 Won't last long. Good SEcurity amt for medical, emergency Travel, but you need at least B30K per month every month to Live I make B4000/mth. Life is too good on bread & water. Link to comment Share on other sites More sharing options...
i claudius Posted July 17, 2015 Share Posted July 17, 2015 I have got it ,now what should i do? Link to comment Share on other sites More sharing options...
stoneyboy Posted July 17, 2015 Share Posted July 17, 2015 I have got it ,now what should i do? Go out and spend it and enjoy it rather wasting valuable time posting nonsense on here. Link to comment Share on other sites More sharing options...
stickylies Posted July 17, 2015 Share Posted July 17, 2015 I live comfortable with 650thb/day. I'd put the 10.000.000 in a sock and keep on doing what I do now: nothing :-) Link to comment Share on other sites More sharing options...
Asheron Posted July 17, 2015 Share Posted July 17, 2015 With 10m baht, I could finally marry my girlfriend, who I love more than anything. I've been wondering for a long time how I'll be able to afford her dowry. She is from a really good family. dow·ry noun noun: dowry; plural noun: dowries property or money brought by a bride to her husband on their marriage. God, how I wish that were true. I've asked my dad to loan me money to pay her dowry, but he absolutely refuses because he's too old and white and intolerant. He told me in very racist terms that dowries are retarded and that if a culture is going to be so ignorant and uncivilized as to continue the practice, the dowry should always go to the man for having to put up with the woman for the rest of his life. I tend to agree with my dad on most things, but he doesn't understand love (he's borderline autistic). Well your dad is right. It is retarded, ignorant and uncivilized to continue a "hey-here-is-money-for-your-daughter" tradition and on that note, love has nothing to do with "sin sod". Oh yeah almost forgot, it's not racist to criticize cultural traditions. Link to comment Share on other sites More sharing options...
fang37 Posted July 17, 2015 Author Share Posted July 17, 2015 My dreams are almost realized B4000 per month to live 200 posts on TV Gender reassignment PARTY TIME Link to comment Share on other sites More sharing options...
krisb Posted July 17, 2015 Share Posted July 17, 2015 Put 5 million away to retire on so you get it sent to you monthly , when u need it , 1 million on hand to live on and 3 Million to do my Deli in Bangkok or Pattaya , I lived here 28 years now and my food has a good reputation ! Phuket's downturn took out the Business in Patong Beach and Pattaya is slow also Tourist wise but not ex-pats , still many. I make my own Pastrami Corned Beef and Knishes...plus many other deli foods and a line of pickled products and a Frozen Food Line...but that's selfish , just retire and send yourself a budget to live on , and get yourself Insurance for any illnesses that might occur , so you don't get wiped out by Hospitalization or we get a shophouse or house that can live and work ! How old are you ? Just saw last post on not wanting to do a bar , hotel or restaurant , so try the frozen food biz from your home , no need to start it up here for 200,000 to 500,000Baht depending on different ideas of what exactly u make and its not working as the head cook does the work . We had the frozen foods and pickle business in 1 location and did ok for out of our room. We sold alot of Pickles to restaurants too! big bills 2 006.jpg big bills 2 010 (1).jpg I like hearing a successful story regarding business in Thailand on here, very refreshing and proof it's possible. Well done! The products look very tasty also. Link to comment Share on other sites More sharing options...
kannot Posted July 17, 2015 Share Posted July 17, 2015 I'd buy 15 condos around bkk and rent them for 5k a month each. I would have thought 8 at most especially if close to the bts ie 1km but still do able and rent for 8-10k each I wouldnt buy 15 too many headaches, Link to comment Share on other sites More sharing options...
Cheesekraft Posted July 17, 2015 Share Posted July 17, 2015 I would buy a nice condo and invest everything else in a diversified manner, some stocks, bonds, metals, and a small portion in scarce digital assets Link to comment Share on other sites More sharing options...
rijit Posted July 17, 2015 Share Posted July 17, 2015 I would buy a nice condo and invest everything else in a diversified manner, some stocks, bonds, metals, and a small portion in scarce digital assets rijit Scarce digital assets? How do you find them ? Link to comment Share on other sites More sharing options...
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