In Thailand, but only if you hold Thai elite visa mother superior
No joke they sure have a high opinion of themselves
Rejigged Thailand Elite card seen as a key tool in promoting the country as an oasis for the wealthy - Thai Examiner
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In Thailand, but only if you hold Thai elite visa mother superior
No joke they sure have a high opinion of themselves
Rejigged Thailand Elite card seen as a key tool in promoting the country as an oasis for the wealthy - Thai Examiner
Another shit thread
Are you channeling Cyrille..Quote:
Originally Posted by YourDaddy
Don't they just, going to be amusing as time goes bye & reality sets in - make take a while................................ happy33Quote:
Originally Posted by YourDaddy
If I had 1 million USD to spare, why would I need to work?
Because a yield called an interest rate no longer exists. Yields on dividends are near nothing. And real estate yields almost nothing as well.Quote:
Originally Posted by Buckaroo Banzai
The financial system no longer works. If I had 2 million I'd still have to work
If yields in real estate are almost nothing why would one want to invest it in real estate , and in Thailand?Quote:
Originally Posted by Backspin
$1 mill invested in an S&P 500 market weighted ETF will have returned over 6% average in the past three years and an average of over 11% in the past ten years .
I of course was kidding about not needing a WP if you had $1 mil. People need to work for more reasons than work for money. But , even at a conservative 6% yearly return on a $ 1mil , would gross $60 K per year , That's not to shabby .
Considering of course that if one has $1 mil discretionary funds to purchase a condominium in Thailand such person would also have other investments and savings and not be spending their last dollar on a condo in Thailand so that they can have a work permit.
S&P dividend yields have been literally nothing for over a decade. As has interest ratesQuote:
Originally Posted by Buckaroo Banzai
https://teakdoor.com/images/imported/2020/09/34.png
Unrealized capital gains in the S&P basically count for nothing as far as living income goes. The S&P isn't even an investable product itself. It is just a mathematical construction ie a few stocks added up. In order to capture these "gains" you would have to have a daily active managed account (expensive)so that stocks could be dropped and added on the days that the index is adding or dropping stocks.
Sure it is if you invest in an ETF that tracks the S&PQuote:
Originally Posted by Backspin
Average 10 year treasury yield,
Attachment 58010
10 Year Treasury Rate - 54 Year Historical Chart | MacroTrends
Average S&P 500 yield
Attachment 58011
SPY: SPDR S&P 500 Trust ETF.
Though that's not the point, The point is that If you have $1 m in discretionary funds to purchase a condominium you do not need a work permit. you might want one, but you do not need one. And you would not want to invest it in Thai real Estate since by your own admission it is a very low yield investment. I am sure if one wants a work permit one can get it by other means leaving the $1m available for higher yield investments. When spending such amounts one has to consider alternate options , Opportunity costs and liquidity.
you need a work permit to open a bank acc.:bananaman:
No you don't and you don't need to invest $1million in order to get the Thai Elite visa.Quote:
Originally Posted by headhunter
You also don't get any free work permit.
cimb,krung thai,scb,tcu NOwork permit no can have.even when you want to deposit a 7figure amount.at 75yrs.old.Quote:
Originally Posted by lom
^ You might need a work permit for it but others don't.
Where do you think those on retirement visa with a yearly extension to stay put their 800.000 baht?
No you wouldn't, you could still get a safe net income that's more than enough to have your cock sucked daily.Quote:
Originally Posted by Backspin
who told you dat?Quote:
Originally Posted by headhunter
Quote:
Originally Posted by Buckaroo Banzai
Attachment 58015
15% per year over 3 years.
Maybe there would be just enough money daily ,$15 ? To get your cock sucked. But that's itQuote:
Originally Posted by jabir
EU interest rates are literally below zero. Dividend yields are below inflation. Where is this net income coming from ,
https://teakdoor.com/images/imported/2020/09/586.jpg
One option.Quote:
Originally Posted by Backspin
First China bond ETF in Singapore to launch amid rising foreign interest in yuan assets
17 Sep 2020 05:42PM (Updated: 17 Sep 2020 05:50PM)
"SHANGHAI: The largest exchange-traded fund to invest purely in Chinese government bonds lists in Singapore next week, the bourse and the fund manager said on Thursday (Sep 17), capitalising on surging interest in the world's second-biggest bond market.
The first China bond ETF in Singapore, managed by CSOP Asset Management, will launch with an initial US$676 million drawn from both institutional and retail investors, CSOP and Singapore Exchange told a briefing.
Trading begins on Monday.
The launch comes as foreign investors stream into China's onshore yuan bonds and as it steps up efforts to deregulate its capital markets and promote global use of the yuan.
The ETF, which tracks the FTSE Chinese Government Bond Index, is designed to help capture "opportunities brought by the booming China onshore bond market and its continuous inclusion into the world's major global indices", said Ding Chen, CEO of CSOP Asset Management.
Chinese government bonds, which pay a premium over US government debt of more than 200 basis points at the ten-year tenor, are becoming increasingly popular with investors and drew a 21st consecutive month of inflows in August.
Foreigners hold about US$400 billion in the bonds.
Global index publisher FTSE Russell will announce a decision next week on whether to add the Chinese bonds to its global benchmark. Morgan Stanley put a 60 to 70 per cent chance on China being included, saying it could funnel US$60 billion to US$90 billion of foreign inflows in the next few years.
The launch of the ICBC CSOP FTSE Chinese Government Bond Index ETF also helps develop the offshore yuan market in Singapore and comes as the SGX competes with Hong Kong's exchange for business.
Retail brokers in Singapore said the fund could attract interest from customers seeking exposure to an asset class that professional investors think holds promise.
"The new ultimate safe haven of this decade will be Chinese government bonds," said Davis Hall, head of capital markets in Asia at Indosuez Wealth Management. "
First China bond ETF in Singapore to launch amid rising foreign interest in yuan assets - CNA
CYC Quote - CSOP FTSE Chinese Government Bond Index ETF Fund - Bloomberg Markets
FTSE Russell Says China to Be Included in Global Bond Index - Bloomberg
having had thai bank acc.for over 30yrs. not knowing what is going to happen next yr.with the banks gov.cover in case of them going tits up,i thought its time to spread it about,most asked for a work permit,one asked for a uk.address and my bank who i have had over 1million with them for my ext.cover never touched in 9yrs.wouldnt let me open another fixed acc.without a letter of residence from immigration.thats a round trip costing 1200bht.taxi fair and 500bht.immigration charge,with interest rates at ?,just a 10th of what they lend you money at,it will be safer under the bed.Quote:
Originally Posted by headhunter
so is it just me or others trying to be dick heads.
Stop whining and get that address confirmation letter, everyone has to prove their address of residence when opening a bank account.Quote:
Originally Posted by headhunter
It is the same rule for Thais and for farangs. Thais bring a signed copy of the the house book they are registered in.
headhunter has been rejected from opening a new bank account because he refuses to cope with the requirements!!!!
same address for over 11yrs.tax id.with my address,thai drivers licence,passport with 12ys.of extensions.what more do they want?
You obviously don't get it.Quote:
Originally Posted by headhunter
For every new application they require proof of residency address regardless of you having the same address for 11 years or regardless of you have umpteen accounts already for which you have proved your address.
You expect your case to be an exception? No wonder you can't get that additional account..
My bank (SCB) limits farangs to three accounts.
Until i dropped 2 million baht into one account (to see my son through uni if anything untowards happens to me), then suddenly it was "how many accounts would you like, sir". 555.
To be fair, last year i was down in singapore trying to open a bank account. No dice in about 4 banks. No work permit, no can open an account. Finally one bank asked me how much i wanted to deposit. Having just sold my flat "en bloc" it was 5 million (Sing) dollars. Come this way Sir, sign here..555
Money opens so many doors.