Popular Post galt67 Posted February 11, 2019 Popular Post Share Posted February 11, 2019 9 hours ago, Gweiloman said: I considered the 5 yr Elite visa but simultaneously, “a fool and his money is soon parted” popped into my mind And this reminds me of: He knew the price of everything and the value of nothing. 3 Link to comment Share on other sites More sharing options...
jacko45k Posted February 11, 2019 Share Posted February 11, 2019 12 hours ago, bkk6060 said: Elite is a joke money gone . You financial experts need to take some remediation classes. I wouldn't ever call it a joke, it is an alternative for those who have more money than time. As you get older this indeed often becomes the case. 2 Link to comment Share on other sites More sharing options...
tingtongtourist Posted February 12, 2019 Share Posted February 12, 2019 On 2/12/2019 at 3:39 AM, humbug said: i understand people's choices for various visas thats still available to all of us, but to claim 800k over a year period makes 100k, come on, property funds here pay 5% after tax yearly(quarterly payment), compounded over 5 years thats around 250k earnings from 800k, people are really being asked to lose their right to earn with keeping money tied up in low interest accounts no, i was factoring interest on 800k to be around 20k per year. the 100k was talking about the total interest loss over 5 years, if having a retirement visa compared to 500k cost of the elite visa for 5 years. Link to comment Share on other sites More sharing options...
Popular Post richard_smith237 Posted February 12, 2019 Popular Post Share Posted February 12, 2019 (edited) On 2/11/2019 at 6:07 PM, bkk6060 said: Elite is a joke money gone . You financial experts need to take some remediation classes. It depends on your priorities... In my early 30’s the TE Visa cost me 1MB for lifetime - I consider it money well spent, I’ve still a while to go before retirement age. I see all these visa threads issues with renewal, visa runners, 800k in the bank threads etc... the TE visa is just simply trouble free. It was a breeze this morning when I didn’t have to queue at Immigration. It’s been easy with the Airport pickup and fast track through the airport - already 5 times in 2019 alone. The financial implications? I’ve lost far more in depreciation of cars over the same time, spent more on flights, holidays etc.... putting it in perspective the TE visa has cost me less than 100k per year so far, and with the perks (Golf, Massage, Airport Transfers, yearly medical checkup)... its works out at less. By the time I’m of retirement age that’s 20 years of visa... 50k baht per year... with the perks... AOT Limo about 20 times per year (1000b per time) a couple of golf games thrown (3000b per round), Yearly Medical (10,000 baht per time)... I’m looking at 36,000 in perks per year alone. Plus.... The trouble free visa - Priceless. The Airport fast track - Priceless... I work hard so I can enjoy life and be where I want when I want and not worry about a visa issues or airport queues if I can get away with it. The Elite Visa has been money very well spent... Would I spend 500,000 baht for 5 years now? No, I’m married (to a Thai) so no longer need to, but I’d miss the fast-tracking, not welcome the paperwork and extensions, I’d miss the other perks.... Edited February 12, 2019 by richard_smith237 4 1 Link to comment Share on other sites More sharing options...
Popular Post Ratt Thai Posted February 12, 2019 Popular Post Share Posted February 12, 2019 1 hour ago, richard_smith237 said: It depends on your priorities... Indeed. The 20 year option for 1 Million certainly is a decent alternative. How many foreigners do build/buy a house that costs far more, but still they are not sure if they can live in Thailand for the next 20 years ? For me, the 20 year TE is a part of the roof over my head, not need to be worried, no need to be fixed, no leakage... Imagine a perfect car, one million more expensive yes, but it would never break down during the next 20 years of your life... would you pay that extra surplus for the peace of mind and the confidence that you don't have to worry about that ? No hidden costs, no extra repair bills, no breakdown, no accidents, no downtime, ... wouldn't you take that option ? My priority: peace of mind. 3 Link to comment Share on other sites More sharing options...
kannot Posted February 12, 2019 Share Posted February 12, 2019 On 2/5/2019 at 12:40 PM, dcnx said: Curious, what happens if you live past 80? If you don’t have whatever sum to meet the new requirements 20 years from now, you’re screwed. Thailand is such a horrible long term investment. I’m amazed at how many struggle to stay here. I don’t see the point unless you have more money than you know what to do with, and in that case, why live in an unwelcoming third world country when you can live in a real country where you don’t have to worry about such things? That said, the 20 year Elite is a much better deal than the 5 year. It’s what happens after the 20 years is up that would worry me. You’re absolutely invested at that point and possibly too old to start over if you don’t meet the requirements then, which will no doubt be ridiculous. Which is why if I ever needed an Elite id wait until I was about 68 as the chance of living beyond 88 is probably slim Link to comment Share on other sites More sharing options...
kannot Posted February 12, 2019 Share Posted February 12, 2019 29 minutes ago, Ratt Thai said: Indeed. The 20 year option for 1 Million certainly is a decent alternative. How many foreigners do build/buy a house that costs far more, but still they are not sure if they can live in Thailand for the next 20 years ? For me, the 20 year TE is a part of the roof over my head, not need to be worried, no need to be fixed, no leakage... Imagine a perfect car, one million more expensive yes, but it would never break down during the next 20 years of your life... would you pay that extra surplus for the peace of mind and the confidence that you don't have to worry about that ? No hidden costs, no extra repair bills, no breakdown, no accidents, no downtime, ... wouldn't you take that option ? My priority: peace of mind. Unfortunately you should read their rules, they can withdraw or change anything about it at any time. Link to comment Share on other sites More sharing options...
Popular Post richard_smith237 Posted February 12, 2019 Popular Post Share Posted February 12, 2019 31 minutes ago, kannot said: Unfortunately you should read their rules, they can withdraw or change anything about it at any time. Not quite.... a number of years ago there was some political jiggery pokery and they tried to close Thai Elite down - 2 separate govournments were unable to do so and now its stronger than ever.... 3 Link to comment Share on other sites More sharing options...
Ratt Thai Posted February 13, 2019 Share Posted February 13, 2019 6 hours ago, kannot said: Unfortunately you should read their rules, they can withdraw or change anything about it at any time. i forgot to mention a quite important word: TE seems to be trustworthy with a proven track record of 15 years... 2 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now