cheekyboy Posted April 25, 2009 Report Share Posted April 25, 2009 a pal of mine sold up at the last recession (90)s, sold his house and had 250,000 in his fist . since then despite working as a teacher he has spent most of it . he thought he would be set up for a long time but now he is low on funds . it can go very quickly . stickman covered this fairly recently . on how much you need now considering the low exchange rates etc Link to comment Share on other sites More sharing options...
buddha Posted April 25, 2009 Report Share Posted April 25, 2009 what field are you in? Why not take the cash and start consulting, work for a competitor, etc. Why does it have to be take the cash or continue working. Take tha cash and continue working. Link to comment Share on other sites More sharing options...
HeartThais Posted April 26, 2009 Report Share Posted April 26, 2009 Banking on capital appreciation on your house is a big risk. When you plan for retirement, you should systematically remove risk from your portfolio. That means if your house is a huge chunk of your portfolio, you are rolling the dice. Also, a rent payment isn't the same as an interest coupon as there are other costs associated with a house like taxes, maintenance, and the occasional disaster. If you are planning to retire in LOS, you should be converting your holdings into thai baht generating assets. Or else you roll the dice with exchange rates. There is an awful lot of sterling printed that hasn't made it into the public yet (still being hoarded by banks). The Bank of England will have to reverse all those actions when the market turns around but if it cannot mop up that extra liquidity, or takes a permanent loss on their direct purchases, it will mean domestic inflation. What it boils down to is that if the BOE's recent actions prove to be over aggressive in retrospect, we would expect continued depreciation pressure against all currencies. Link to comment Share on other sites More sharing options...
Dexi Posted May 5, 2009 Report Share Posted May 5, 2009 Could you recommend any good Thai baht generating assets ? Link to comment Share on other sites More sharing options...
cavanami Posted May 6, 2009 Report Share Posted May 6, 2009 Condos/apartments to rent out? downside is that sometimes renters don't pay and you have to deal with getting them kicked out. Invest in a business as a silent partner? Thai stocks/bonds that generate dividends? Link to comment Share on other sites More sharing options...
rickfarang Posted June 13, 2009 Report Share Posted June 13, 2009 Don't be one of those guys who goes into work on Monday morning and promptly dies of a heart attack. Nobody on his deathbed wished that he had spent more time at work. Go for it! Link to comment Share on other sites More sharing options...
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