fang37 Posted July 27, 2015 Share Posted July 27, 2015 The title speaks for itself. Stay where I am? Play bridge 5 days per week? Golf - 5 days/week. Relocate permanently? Where? Home base but travel to various destinations? Where? Become a missionary? Where? Own a whorehouse? Where? Being unattached, I may remarry one of my own nationality? Drive a taxi in New York? Play the stockmarket? Go to Vegas - play the big game? Become a recluse? Link to comment Share on other sites More sharing options...
NeverSure Posted July 27, 2015 Share Posted July 27, 2015 I hate to disappoint you but $5 mil isn't enough to do everything you might want to do. True rich people have a private jet so they never have to deal with an airport terminal again. $5 mil won't touch the price of that plane much less the hired crew, maintenance and fuel. The more money you have the more you get exposed to and the more you want. $5 mil will take you places where people have $10 mil second homes in an exotic places and get there on their private Boeing. You will be there but you still won't cut the mustard. The more you have the more you want until you learn to be satisfied with enough to be comfortable. $5 mil will let you live without worrying about money unless you are a pessimist and see the world falling apart. It will just let you have everything you comfortably need. Remember, if you have $5 mil you can't spend most of it or you will no longer have money and be back to where you started. Cheers. Link to comment Share on other sites More sharing options...
Ghostnigel Posted July 27, 2015 Share Posted July 27, 2015 (edited) .....or just give it to me, I don't need anyone else to tell me how to spend, or live on $5 million...I would make it last 6 months, maybe! Edited July 27, 2015 by Ghostnigel Link to comment Share on other sites More sharing options...
JakeSully Posted July 27, 2015 Share Posted July 27, 2015 I'd go to Singapore. Reasonable climate, good health care, not too far from angeles, bangkok, ho chi min when I want some fun. Link to comment Share on other sites More sharing options...
samuibeachcomber Posted July 27, 2015 Share Posted July 27, 2015 What are we into here?is it dream time Link to comment Share on other sites More sharing options...
chrisinth Posted July 27, 2015 Share Posted July 27, 2015 Fang, how can people answer questions that you are asking yourself if they don't know you? Man-up and make your own decisions............... Link to comment Share on other sites More sharing options...
samuibeachcomber Posted July 27, 2015 Share Posted July 27, 2015 Farang37...........you've got too much time on your hands.How about getting up every morning,looking out at the world,seeing the beautiful nature all around you,the birds,the animals all inter acting with nature.Look at people laughing enjoying each others company. Surely its the simple things that give the most pleasure. Link to comment Share on other sites More sharing options...
SamDean Posted July 27, 2015 Share Posted July 27, 2015 How old are you? How long do we need to make this money last. NeverSure is right.... 5 Mil isn't all that much if you don't have a timeline or plan. My thought..... If you're young like me (32). Use 80% of it to make you more money. Find a gap that needs filling. Use the other million building a comfortable place to live that is close to where you need to live to make the above happen. Above all, use your money in kind ways. Don't hire the cheapest. Hire the best. Pay them well. Include them in your extravagant times. Know their struggles. You cannot be expected to solve the worlds problems, but if you have 5 dollars to spend or 5 million.... just be kind about it. Link to comment Share on other sites More sharing options...
fang37 Posted July 27, 2015 Author Share Posted July 27, 2015 Age - 60 Dependants - zero ie free as a bird! Not a jetsetter. Just an ideal location to live an optimal life (inside or outside one's native country). Link to comment Share on other sites More sharing options...
steven100 Posted July 27, 2015 Share Posted July 27, 2015 sex & beer ..... stay thailand and have sex ... and beer. Link to comment Share on other sites More sharing options...
DLang Posted July 27, 2015 Share Posted July 27, 2015 Go back to work so you can retire comfortably. Link to comment Share on other sites More sharing options...
fang37 Posted July 27, 2015 Author Share Posted July 27, 2015 Reading between the lines, it seems that the consensus is that $5m is insufficient. At age 60, working? I doubt it. May need to adjust expectations until there is equilibrium? Say expected life is 80yo - 20 years for $5m. Link to comment Share on other sites More sharing options...
giddyup Posted July 27, 2015 Share Posted July 27, 2015 $5 million invested at a measly 3% would still give you $150,000 a year. If you can't live comfortably on that there's something wrong. Link to comment Share on other sites More sharing options...
SamDean Posted July 27, 2015 Share Posted July 27, 2015 (edited) Age - 60 Dependants - zero ie free as a bird! Not a jetsetter. Just an ideal location to live an optimal life (inside or outside one's native country). I can't just "not work". I have to be challenged. I'd get into a resort maybe. Figure a way to buy in to something shitty and update it. Maybe find backpackers and use them as temp labor for western tourists. They earn a few baht and the tourist gets a western face. Or maybe I just fish my days away. It's all up to who wants it, and what they want. I could come up with what I'd do, but what the hell would you do? Edited July 27, 2015 by SamDean Link to comment Share on other sites More sharing options...
SamDean Posted July 27, 2015 Share Posted July 27, 2015 Reading between the lines, it seems that the consensus is that $5m is insufficient. At age 60, working? I doubt it. May need to adjust expectations until there is equilibrium? Say expected life is 80yo - 20 years for $5m. 5 mil is fine. Just don't live like and <deleted>. spend some on start up, and bank the rest with a monthly stipend. Link to comment Share on other sites More sharing options...
jmccarty Posted July 27, 2015 Share Posted July 27, 2015 (edited) You can do better than 3% Read here: http://money.cnn.com/retirement/guide/annuities_basics.moneymag/index.htm If you have that much cash and want to make it last until you die. Annuities are your safest easiest investment. Have a look at this calculator: http://money.cnn.com/tools/annuities/ Can you survive on US$25,000/month? That will get you to 95 or a bit more. Edited July 27, 2015 by jmccarty Link to comment Share on other sites More sharing options...
fiddlehead Posted July 27, 2015 Share Posted July 27, 2015 These kind of threads are fun. Dreaming. It's easy to say what you would do, until the day comes, when you have that kind of money to retire on. Personally, I would invest it in stocks/bonds and live on the interest, continue to work a little bit, but travel a lot more. I'd probably update my present properties (swimming pool would be nice), put my kid in a better school (if I could find one), and buy a new truck. But basically I'd continue to live like I do now. Go to the beach most days, hike in the jungle a bit, play tennis a few times a week, and enjoy life. Link to comment Share on other sites More sharing options...
NickJ Posted July 27, 2015 Share Posted July 27, 2015 Maybe Fantasy Island with a midget guy to point out planes and things......Guess Im halfway there now.. Link to comment Share on other sites More sharing options...
fang37 Posted July 27, 2015 Author Share Posted July 27, 2015 So now the "dreamers" are mellowing. Invest in the share market & bank deposits. STAY IN THAILAND? Go fishing, build a swimming pool & provide a quality education for your child. BTW, my current reading suggests that many expats are tired of LOS & are leaving. Link to comment Share on other sites More sharing options...
giddyup Posted July 27, 2015 Share Posted July 27, 2015 So now the "dreamers" are mellowing. Invest in the share market & bank deposits. STAY IN THAILAND? Go fishing, build a swimming pool & provide a quality education for your child. BTW, my current reading suggests that many expats are tired of LOS & are leaving. I'm surprised that anyone would say that $5 mil. isn't enough. Even invested very, very conservatively it would still provide a comfortable lifestyle, not extravagant, but comfortable. Link to comment Share on other sites More sharing options...
StefanBBK Posted July 27, 2015 Share Posted July 27, 2015 Get a fulfilling hobby. Whatever it may be. Personally would start with building a great place to live. Then maybe a huge garage and tinker around with some old cars. A large vegetable garden. Off grid solar panels everywhere etc. Then do something good. Let less fortunate people profit from your wealth. If you could combine it with one of your hobbies, even better. Do Not buy friends. Link to comment Share on other sites More sharing options...
StefanBBK Posted July 27, 2015 Share Posted July 27, 2015 Thailand is as good of a place like many. I would stay but travel often. Link to comment Share on other sites More sharing options...
LburtonL Posted July 27, 2015 Share Posted July 27, 2015 its more like many TV expats their main goal is to get drunk everyday and complaining about everything they can Link to comment Share on other sites More sharing options...
lostoday Posted July 27, 2015 Share Posted July 27, 2015 (edited) I retired and took up a hobby, Thai Women and/or reasonable facsimiles. I also sponsor a charity for wayward women, (helping women to become wayward) and that is working out fine. Still waiting on word for my NGO and tax free status. I have 5 million baht a substantial pension and good health insurance and that's working out nicely. I started when I was 60. Edited July 27, 2015 by lostoday Link to comment Share on other sites More sharing options...
fang37 Posted July 27, 2015 Author Share Posted July 27, 2015 Get a fulfilling hobby. Whatever it may be. Personally would start with building a great place to live. Then maybe a huge garage and tinker around with some old cars. A large vegetable garden. Off grid solar panels everywhere etc. Then do something good. Let less fortunate people profit from your wealth. If you could combine it with one of your hobbies, even better. Do Not buy friends. Hobby - WIP - did play golf regularly - no courses in Fang. House - completed a very liveable home recently. Garage - very big. FIL operates a business - motor mechanic - from the garage. Vege garden - current property too small. Considered buying a lot for growing organic veges. Family consider that it is very hard work. My personal interest in gardening of any sort - zero. Doing good - big ++++. I have been involved in enabling others since I arrived here. Some successful. Smallish projects eg acquiring literature for local wat; old people's home; f/ball jerseys for young people. Buy friends - NEVER. SUMMARY: quality post BTW. Link to comment Share on other sites More sharing options...
jmccarty Posted July 27, 2015 Share Posted July 27, 2015 So now the "dreamers" are mellowing. Invest in the share market & bank deposits. STAY IN THAILAND? Go fishing, build a swimming pool & provide a quality education for your child. BTW, my current reading suggests that many expats are tired of LOS & are leaving. I would leave if I had a place to go to. I'm a way off of enough to make an annuity work. So will slog on here in LOS. Link to comment Share on other sites More sharing options...
MaeJoMTB Posted July 27, 2015 Share Posted July 27, 2015 Fang, how can people answer questions that you are asking yourself if they don't know you? Man-up and make your own decisions............... As OP previously declared himself living in rural Fang with his much younger Thai wife, this OP seems at odds with his past declarations. So I'm thinking the answer would be, not living in Fang, not living with his existing wife. Bit sad really, every post seems to be the ravings of a broke guy trapped in the boonies. Link to comment Share on other sites More sharing options...
fang37 Posted July 27, 2015 Author Share Posted July 27, 2015 Daydreaming/hypothesizing are my favourite hobbies. Yes, live in Fang. Marital situation - bliss. Another hobby -BSing! Link to comment Share on other sites More sharing options...
simon43 Posted July 27, 2015 Share Posted July 27, 2015 Why all this emphasis on money? You can be 'rich' with having wads of cash. Link to comment Share on other sites More sharing options...
Briggsy Posted July 27, 2015 Share Posted July 27, 2015 The correct answer is where your partner / best friends / family / interesting, decent people are so you can socialise with them. Location, as in province, region, country are not so important. And as Never Sure pointed out, 5 million dollars will not give you the keys to the world. Link to comment Share on other sites More sharing options...
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