jpduggan Posted July 21, 2013 Share Posted July 21, 2013 I think Thailand now is a bad place to invest Thais living way past there means Gov't spending and stealing too much Lots of construction ... too few buyers Bubble gonna burst soon Buy gold '' Buy gold...don't think you've done much research there!. Link to comment Share on other sites More sharing options...
SpeakeasyThai Posted July 22, 2013 Share Posted July 22, 2013 Spend your money for Christ's sake and enjoy life! 1 Link to comment Share on other sites More sharing options...
flashysite Posted July 26, 2013 Share Posted July 26, 2013 Ever heard of alternative investments? Invest in rare single malt whisky, vintage wine or art. Link to comment Share on other sites More sharing options...
Billy The Kid Posted July 30, 2013 Share Posted July 30, 2013 Spend your money for Christ's sake and enjoy life! Yeah, but when it is gone, what happens ??? Always always invest for the future and live moderate everyday, to do that you will live a happy life to the end. Link to comment Share on other sites More sharing options...
Thaiaddict01 Posted September 28, 2020 Author Share Posted September 28, 2020 Hi guys sorry to resurrect a 7 years old thread! I just ran into this thread and even tho it's 7 years old, all those talking points still apply right? So if you don't invest in TH while you are living here, where and what do you guys invest? Just leave the investments at home? I have watched a few youtube vid and they kept saying if you want to get in Vietnam, better get in on it quick before Chinese and Koreas invest and buy up everything, what do you guys think about investing in Vietnam? Since TH is such hassle for visa runs, I am kind of thinking about having a residence in Vietnam and maybe go back and forth. Is Vietnam really that hot? Link to comment Share on other sites More sharing options...
spidermike007 Posted September 28, 2020 Share Posted September 28, 2020 The perfect investment here is called "The Chocolate Bar". You specialize in only beautiful and young dark skinned women. The supply is extensive, as these women do not consider themselves gorgeous, due to their skin color. You treat them well, and offer bonuses for top earners. Make them proud of their bronze beauty. When a gorgeous light skinned chick shows up for an interview, you tell her sorry we don't like white chicks. Not beautiful enough. We love dark! Nobody is doing this. There is no competition. It would be an instant success. Link to comment Share on other sites More sharing options...
Barnabe Posted September 28, 2020 Share Posted September 28, 2020 On 7/17/2013 at 5:55 AM, bkkfaranguy said: Never invest more in Thailand that your not willing to walk away from! This is the best advice in this thread. I think the same applies to Vietnam. 1 Link to comment Share on other sites More sharing options...
Thaiaddict01 Posted September 28, 2020 Author Share Posted September 28, 2020 I heard some expats when they were moving back home, and tried to transfer money out of TH, the bank wont' let them transfer it out!??!?! It's their own money and banks wont' let them transfer the money out!!! You guys heard about that? what's going on there. Link to comment Share on other sites More sharing options...
RichCor Posted September 28, 2020 Share Posted September 28, 2020 13 hours ago, Thaiaddict01 said: I heard some expats when they were moving back home, and tried to transfer money out of TH, the bank wont' let them transfer it out!??!?! It's their own money and banks wont' let them transfer the money out!!! You guys heard about that? what's going on there. Thailand anti-money-laundering rules/restrictions. You must arrange to have proof of any monies brought into the country, or monies gained from work or business profit have been legitimately earned and appropriately taxed, before being allowed to repatriated the funds or transfer them out of country. Just keep abreast of government requirements. Then there are expats don't maintain the ability to easily transition funds out, but that's a totally different matter. 1 Link to comment Share on other sites More sharing options...
techietraveller84 Posted September 28, 2020 Share Posted September 28, 2020 18 hours ago, Thaiaddict01 said: I heard some expats when they were moving back home, and tried to transfer money out of TH, the bank wont' let them transfer it out!??!?! It's their own money and banks wont' let them transfer the money out!!! You guys heard about that? what's going on there. Many foreigners move to Thailand to stay, and likely haven't considered challenges that might come up if plans change and leaving the country becomes necessary or desirable. Like when a pandemic combined with anti-foreign sentiment comes on the scene. 1 Link to comment Share on other sites More sharing options...
thaibeachlovers Posted September 29, 2020 Share Posted September 29, 2020 21 hours ago, Thaiaddict01 said: I heard some expats when they were moving back home, and tried to transfer money out of TH, the bank wont' let them transfer it out!??!?! It's their own money and banks wont' let them transfer the money out!!! You guys heard about that? what's going on there. That must be new. I transferred almost the entire 800,000 extension fund out of LOS to home account with no problem a couple of years ago, and that was after anti money laundering was common. I didn't have to prove anything. Link to comment Share on other sites More sharing options...
userabcd Posted September 29, 2020 Share Posted September 29, 2020 (edited) 23 hours ago, Thaiaddict01 said: I heard some expats when they were moving back home, and tried to transfer money out of TH, the bank wont' let them transfer it out!??!?! It's their own money and banks wont' let them transfer the money out!!! You guys heard about that? what's going on there. There have always been controls on transferring money out of Thailand. Just prove the source of the funds, if from external, inward remittance of the money, if earned in Thailand, a valid employment contract, salary slips, documented sale of asset/property and that taxes have been paid where required. Then see the bank and I'm sure they would allow a transfer out. Edited September 29, 2020 by userabcd 1 Link to comment Share on other sites More sharing options...
Stocky Posted September 29, 2020 Share Posted September 29, 2020 On 9/28/2020 at 9:32 AM, Thaiaddict01 said: So if you don't invest in TH while you are living here, where and what do you guys invest? Just leave the investments at home? Live in Thailand but savings & investments in Singapore. 2 Link to comment Share on other sites More sharing options...
RAZZELL Posted September 30, 2020 Share Posted September 30, 2020 On 9/28/2020 at 10:06 AM, Barnabe said: This is the best advice in this thread. I think the same applies to Vietnam. Well the French owner of Wine Connection and the guys who run http://www.hmgtasia.com/ (again French) and one of the owners of B-quik (Dutch) might beg to differ! RAZZ Link to comment Share on other sites More sharing options...
Barnabe Posted September 30, 2020 Share Posted September 30, 2020 2 hours ago, RAZZELL said: Well the French owner of Wine Connection and the guys who run http://www.hmgtasia.com/ (again French) and one of the owners of B-quik (Dutch) might beg to differ! RAZZ And how many have lost their shirt for each success story? 9 in 10? 1 Link to comment Share on other sites More sharing options...
moe666 Posted September 30, 2020 Share Posted September 30, 2020 On 7/17/2013 at 12:17 AM, soi41 said: Why on earth should you invest offshore, if you intend to live here? It is easy to find high dividend stocks here. And by buying locally you eliminate the risk of fluctuating exchangerates. There are other risks ofcourse, but IMO not higher here than anywhere else. Been trading here for 10 years and never looked back. Baht is my currency for better or worse! Tax on dividends is a flat rate of 10%. Tax on capital gains on the SET is ZERO! Have a look at CPNRF, at its present price (17.60) it is yielding around 7% per year, paid quarterly into your account. With good and stable funds like that available here, why go somewhere else? Agree 100 percent, I have been into Thai stocks 10 years. Link to comment Share on other sites More sharing options...
Barnabe Posted September 30, 2020 Share Posted September 30, 2020 10 hours ago, moe666 said: Agree 100 percent, I have been into Thai stocks 10 years. I can think of a number of reasons but it boils down to: we’re not Thai citizens, at any time we can be kicked out and our assets confiscated. Exceptions apply to mega rich, well connected and / or famous of course. 1 Link to comment Share on other sites More sharing options...
RAZZELL Posted October 1, 2020 Share Posted October 1, 2020 21 hours ago, Barnabe said: And how many have lost their shirt for each success story? 9 in 10? The 9 out of ten would most probably be fail even in their home countries. If you "emigrate" then enter an industry you have no practical experience of - then I humbly suggest the chances of success are pretty slim. RAZZ 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