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What are the best options for starting a savings plan for my child's education in Thailand?
savings planchild educationexpat financeinvestment optionsbank savingsAIABitcoinland investmentgold investment
Jun 25, 2020
6 years ago
Andrew *********
ORIGINAL POSTERLike many expats here in Thailand, i am separated however i want to do whats best for my 6 year old son and start to plan for his future.
Can someone recommend a company that gives clear advice on starting a savings plan if i want to put some money away each month for his future education.
Can someone recommend a company that gives clear advice on starting a savings plan if i want to put some money away each month for his future education.
TLDR : Answer Summary
An expat in Thailand seeks advice on starting a savings plan for their child's education. Commenters suggest various options including savings accounts with banks that offer insurance packages, low-risk deposits at Bangkok Bank, and investments in gold. Recommendations were made for consulting with a financial advisor (AIA) who speaks English, and some users proposed alternative investments like Bitcoin and buying land.
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Graham ********
Put your money into the Bangkok Bank at a low risk deposit and low steady interest. Buy gold at scrap value.
Siddhartha *********
@Kasem ************
senior Manager AIA. 0897741026 Discuss products with secured returns /ulip ,bonds etc. Speaks good English and give my reference; will suggest best for you. Good luck 👍**********
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*****
Discuss products with secured returns /ulip ,bonds etc. Speaks good English and give my reference; will suggest best for you. Good luck 👍Andrew *********
ORIGINAL POSTERThank you
Reply to
Andrew *********
Reply
Tod *********
Buy Land in his name
Rick *******
Mogens Nygaard, yes you are right. I was only comparing current value to purchase value.
Charles ********
Buy property in his name and get a long lease on it so you can use the property.
Hire a good lawyer to draw up the deal.
Hire a good lawyer to draw up the deal.
Pat *****
@Tod ********
You can purchase parts of blue chip stocks on the DowTod *********
@Pat ****
Buying Stocks Like denominated in A ME R[gin Currency is something don jr would sugest. Frankly, putting it on a spin of a roulette wheel would be less risky. When Andrews son is 30 he could be mature enough to make decisions for himself.Reply to
Tod *********
Reply
Rick *******
@Tod ********
, I have purchased three houses and one property that my son will eventually inherit in Thailand. The 1 rai property has quadrupled in value over the 12 years that we have owned it. Tod *********
Yes. Lawyer it into the title
Thomas ********************
Interesting idea. Can a 6 year old "buy land"? And in a fashion where the, say, grandma can't just take it.
Reply to
Thomas ********************
Reply
Andy *****
Banks have savings plans which includes life insurance and a bunch of other things in 1 package. They have like 5 year plans, 10, 15 and so on. If you have an account I would go visit them for more details
Chris ********
You won't earn anything of real value using a bank or savings account. You'll need to invest it. Take at least a small portion and buy some bitcoin. People will hate on this answer mostly because they have a poor understanding about it, but the upside potential is enormous. Be careful about letting other people invest your money. You will be parted from it very quickly.
Andy *****
Bitcoin is volatile but there is something there.
Chris ********
@Andy ****
it's certainly worth a puntAndy *****
@Chris *******
I have friends that have made millions off of it. They invested around 8 years back, before the craze haha. Me personally, I tend to invest in real estate and development projects only and that market has a high roi as well if you know what you are doing.
Reply to
Andy *****
Reply
Greg ********
@Chris *******
Cult 101. Always tell people they hate on your cult because they do not understand it.Reply to
Chris ********
Reply
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