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saengd

Good Advice, Bad Advice

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The first paragraph has rung true for many, however thats due more to luck than investment sense and likewise people importing funds now could be in the opposite position of loosing half if the baht weakens and foreign currencies strengthen.

Rent is always wasted money and owning your own home is always better even if you don't own it outright due to laws here but tens of thousands of people have lost their life savings by doing this.

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19 minutes ago, OneMoreFarang said:

Maybe I sum this up: Don't do stupid things without thinking. And don't do anything that sounds too good to be true.

 

Do you mean it would be stupid to ask him for his license plate for the next lottery. I mean, when he was so lucky with the police and all that. You know as well as me. It´s a sure winner. The millions are finally here. 

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Yep pretty much my story except we bought a secondhand car ten years ago which is still going strong and survived two prangs.

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15 minutes ago, Matzzon said:

Do you mean it would be stupid to ask him for his license plate for the next lottery. I mean, when he was so lucky with the police and all that. You know as well as me. It´s a sure winner. The millions are finally here. 

Haha the missus won 40,000 baht from the number plate of our motorbike when we brought it up from Bangers twenty years ago.

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55 minutes ago, baansgr said:

The first paragraph has rung true for many, however thats due more to luck than investment sense and likewise people importing funds now could be in the opposite position of loosing half if the baht weakens and foreign currencies strengthen.

Rent is always wasted money and owning your own home is always better even if you don't own it outright due to laws here but tens of thousands of people have lost their life savings by doing this.

Sure, two years ago we were 95/5, baht/Pound, today we're 60/40, people have to adjust their position based on events and their needs.

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