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About DFPhuket

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  • Birthday 12/12/1956

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  1. The same thing happened to me in Udon Thani two weeks ago. There were about 60 people in the theater and I was shocked when well over half of the people did not stand. Except for me, they were all Thais.
  2. Starting a few years ago, if you opened a new Thai bank account as a US citizen, the bank asked you to complete IRS forms so they are in compliance with FATCA. That is why some banks are more reticent to open accounts for Americans. The forms are all in English and require things like your social security number. In the case of using an agent, if the bank hasn't included a US citizen's social security number to the (temporary) account, I don't see how the IRS could track you as the owner or how it could impact FBAR. I assume the agent doesn't actually transfer 800,000 into the acc
  3. Stocks will go up and stocks will go down, but assuming you're in it for the long haul the day to day, month to month, and even year to year change doesn't really matter. Buy and hold some low cost Index funds (i.e., Vanguard) and ignore the day to day noise. Since the 1920s, the S&P 500 index has returned a historic annualized average return of around 10%. In the past 25 years the Dow index had an average annual return of 7 percent.
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