Results 1 to 25 of 25
  1. #1
    Thailand Expat
    YourDaddy's Avatar
    Join Date
    Jan 2017
    Last Online
    Today @ 01:07 PM
    Location
    Council flat. Thanks suckers!
    Posts
    3,789

    Buy a 1 million USD condo and get free work permit

    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

  2. #2
    Thailand Expat
    YourDaddy's Avatar
    Join Date
    Jan 2017
    Last Online
    Today @ 01:07 PM
    Location
    Council flat. Thanks suckers!
    Posts
    3,789
    Another shit thread

  3. #3
    Alpha Monger
    Backspin's Avatar
    Join Date
    Oct 2019
    Last Online
    Today @ 12:31 PM
    Location
    Vancouver
    Posts
    2,551
    Quote Originally Posted by YourDaddy View Post
    Another shit thread
    Are you channeling Cyrille..

  4. #4
    Thailand Expat Airportwo's Avatar
    Join Date
    Mar 2006
    Last Online
    Today @ 12:58 PM
    Location
    Flat Earth
    Posts
    3,894
    Quote Originally Posted by YourDaddy View Post
    No joke they sure have a high opinion of themselves
    Don't they just, going to be amusing as time goes bye & reality sets in - make take a while................................

  5. #5
    Member
    Buckaroo Banzai's Avatar
    Join Date
    Jun 2010
    Last Online
    Today @ 08:09 AM
    Location
    My couch
    Posts
    996
    If I had 1 million USD to spare, why would I need to work?

  6. #6
    Alpha Monger
    Backspin's Avatar
    Join Date
    Oct 2019
    Last Online
    Today @ 12:31 PM
    Location
    Vancouver
    Posts
    2,551
    Quote Originally Posted by Buckaroo Banzai View Post
    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.

    The financial system no longer works. If I had 2 million I'd still have to work

  7. #7
    Member
    Buckaroo Banzai's Avatar
    Join Date
    Jun 2010
    Last Online
    Today @ 08:09 AM
    Location
    My couch
    Posts
    996
    Quote Originally Posted by Backspin View Post
    Because a yield called an interest rate no longer exists. Yields on dividends are near nothing. And real estate yields almost nothing as well.

    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?
    $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.
    The sooner you fall behind, the more time you have to catch up.

  8. #8
    Alpha Monger
    Backspin's Avatar
    Join Date
    Oct 2019
    Last Online
    Today @ 12:31 PM
    Location
    Vancouver
    Posts
    2,551
    Quote Originally Posted by Buckaroo Banzai View Post
    If yields in real estate are almost nothing why would one want to invest it in real estate , and in Thailand?
    $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 rates



    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.
    Attached Thumbnails Attached Thumbnails Buy a 1 million USD condo and get free work permit-spxyield-png  

  9. #9
    Member
    Buckaroo Banzai's Avatar
    Join Date
    Jun 2010
    Last Online
    Today @ 08:09 AM
    Location
    My couch
    Posts
    996
    Quote Originally Posted by Backspin View Post
    The S&P isn't even an investable product itself.
    Sure it is if you invest in an ETF that tracks the S&P
    Average 10 year treasury yield,
    Buy a 1 million USD condo and get free work permit-yeld-jpg
    10 Year Treasury Rate - 54 Year Historical Chart | MacroTrends
    Average S&P 500 yield
    Buy a 1 million USD condo and get free work permit-s-p-jpg
    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.
    Last edited by Buckaroo Banzai; 26-09-2020 at 05:26 AM.

  10. #10
    Thailand Expat

    Join Date
    Jul 2018
    Last Online
    Today @ 10:39 AM
    Location
    nakhon ratchasima
    Posts
    1,689
    you need a work permit to open a bank acc.

  11. #11
    Thailand Expat lom's Avatar
    Join Date
    Jan 2006
    Last Online
    Today @ 01:09 PM
    Location
    Trapped in an old mans body
    Posts
    9,787
    Quote Originally Posted by headhunter View Post
    you need a work permit to open a bank acc.
    No you don't and you don't need to invest $1million in order to get the Thai Elite visa.
    You also don't get any free work permit.

  12. #12
    Thailand Expat

    Join Date
    Jul 2018
    Last Online
    Today @ 10:39 AM
    Location
    nakhon ratchasima
    Posts
    1,689
    Quote Originally Posted by lom View Post
    No you don't and you don't need to invest $1million in order to get the Thai Elite visa.
    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.

  13. #13
    Thailand Expat lom's Avatar
    Join Date
    Jan 2006
    Last Online
    Today @ 01:09 PM
    Location
    Trapped in an old mans body
    Posts
    9,787
    ^ 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?

  14. #14
    Thailand Expat jabir's Avatar
    Join Date
    Jul 2016
    Last Online
    @
    Posts
    11,523
    Quote Originally Posted by Backspin View Post
    Because a yield called an interest rate no longer exists. Yields on dividends are near nothing. And real estate yields almost nothing as well.

    The financial system no longer works. If I had 2 million I'd still have to work
    No you wouldn't, you could still get a safe net income that's more than enough to have your cock sucked daily.

  15. #15
    Thailand Expat jabir's Avatar
    Join Date
    Jul 2016
    Last Online
    @
    Posts
    11,523
    Quote Originally Posted by headhunter View Post
    you need a work permit to open a bank acc.
    who told you dat?

  16. #16
    Thailand Expat
    OhOh's Avatar
    Join Date
    Jul 2010
    Last Online
    Today @ 10:56 AM
    Location
    Where troubles melt like lemon drops
    Posts
    20,622
    Quote Originally Posted by Buckaroo Banzai View Post
    $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

    Buy a 1 million USD condo and get free work permit-gold_5_year_o_usd_x-jpg


    15% per year over 3 years.
    Attached Thumbnails Attached Thumbnails Buy a 1 million USD condo and get free work permit-gold_5_year_o_usd_x-png   Buy a 1 million USD condo and get free work permit-gold_5_year_o_usd_x-jpg  

  17. #17
    Alpha Monger
    Backspin's Avatar
    Join Date
    Oct 2019
    Last Online
    Today @ 12:31 PM
    Location
    Vancouver
    Posts
    2,551
    Quote Originally Posted by jabir View Post
    No you wouldn't, you could still get a safe net income that's more than enough to have your cock sucked daily.
    Maybe there would be just enough money daily ,$15 ? To get your cock sucked. But that's it

    EU interest rates are literally below zero. Dividend yields are below inflation. Where is this net income coming from ,
    Last edited by Backspin; 27-09-2020 at 12:13 AM.

  18. #18
    Thailand Expat
    OhOh's Avatar
    Join Date
    Jul 2010
    Last Online
    Today @ 10:56 AM
    Location
    Where troubles melt like lemon drops
    Posts
    20,622
    Quote Originally Posted by Backspin View Post
    Where is this net income coming from
    One option.

    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
    Last edited by OhOh; 27-09-2020 at 04:14 AM.
    A tray full of GOLD is not worth a moment in time.

  19. #19
    Thailand Expat

    Join Date
    Jul 2018
    Last Online
    Today @ 10:39 AM
    Location
    nakhon ratchasima
    Posts
    1,689
    Quote Originally Posted by headhunter View Post
    cimb,krung thai,scb,tcu NOwork permit no can have.even when you want to deposit a 7figure amount.at 75yrs.old.
    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.
    so is it just me or others trying to be dick heads.

  20. #20
    Thailand Expat lom's Avatar
    Join Date
    Jan 2006
    Last Online
    Today @ 01:09 PM
    Location
    Trapped in an old mans body
    Posts
    9,787
    Quote Originally Posted by headhunter View Post
    wouldnt let me open another fixed acc.without a letter of residence from immigration.
    Stop whining and get that address confirmation letter, everyone has to prove their address of residence when opening a bank account.
    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!!!!

    May the bridges I burn light my way

    There is no plan for no deal because we're going to get a great deal - Boris Johnson in HoC 11 July 2017

  21. #21
    Thailand Expat

    Join Date
    Jul 2018
    Last Online
    Today @ 10:39 AM
    Location
    nakhon ratchasima
    Posts
    1,689
    same address for over 11yrs.tax id.with my address,thai drivers licence,passport with 12ys.of extensions.what more do they want?

  22. #22
    Thailand Expat lom's Avatar
    Join Date
    Jan 2006
    Last Online
    Today @ 01:09 PM
    Location
    Trapped in an old mans body
    Posts
    9,787
    Quote Originally Posted by headhunter View Post
    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.
    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..

  23. #23
    Pedantic bastard
    nidhogg's Avatar
    Join Date
    Jun 2008
    Last Online
    @
    Posts
    15,895
    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.

  24. #24
    Pedantic bastard
    nidhogg's Avatar
    Join Date
    Jun 2008
    Last Online
    @
    Posts
    15,895
    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

  25. #25
    Member

    Join Date
    Jan 2020
    Last Online
    Today @ 01:09 PM
    Posts
    50
    Money opens so many doors.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •