Which bank offers interest rates for foreigners with a DTV visa in Thailand?

@Tore ********

Yes, expected, but in a week's time? A third of the capital "lost" and it keeps going down, panic is everywhere. Even Buffett sold the airlines at a huge loss during covid. I doubt us common folks are smarter than him. It's basic human nature. Most would sell at a loss. On the other hand, my bank pays 5.5% annually on a USD-pegged currency wtih no risk.

@Tore ********

It's not wise to have 90% of your money invested in the stock market. This is nothing else but greed and fear of missing out. Since this is basically ALL your money, in the event of market crash, seeing 90% of your capital taking a 30% dive in a matter of days / weeks, most would panic sell with a loss. Especially if you were planning for a big purchase at the time. Vanguard has a survey/ calculator on their website which helps allocate portfolio between stocks / bank deposits based on your age, risk appettite, and investment horizon. I found it very useful.

@Gregory ******

do you have the link for this survey/calc? Thx

@Sebastian **********

@Gregory ******

that is why you invest i a worldwide index fund. Not individual countries or companies. The risk is higher that a single currency currency hyperinflate than all world markets collapse at the same time 🤷🏻‍♂️

Besides markets typically rebound. Currencies typically don’t when they collapse.

Anyway, people can obviously do whatever they want. And personally I have a higher risk tolerance, so I don’t keep it all on a worldwide index fund.

@Tore ********

fair enough. But you haven’t thought thru the currency implications. And that’s simply bad money management. I only advise people to do smart things with their money.

Anonymous participant this BTC cycle barely began 😉 Monero isnt doing well coz governments are cracking down on privacy coins. Even kraken now delisted monero for europe.

Right now in my humble opinion BTC and SOL are the safest bets. SOL is this cycles star. If you want to gamble get some moodeng coin haha. (I have some for fun)

For the next year or so we’re heading up. If trump win we may head up quite fast next few months. If Kamala wins, expect a small dump before the big climb starts.

@Brian ********

Would you recommend any other bank globally ?

@Arash ***********

I’m trying to understand this persons goal. Why would anyone try to open a thai bank account… especially if they want to use it as savings. Makes no sense and they don’t answer

@Brian ********

many UK bank accounts are being closed if they find out you live overseas so then there is not much choice.

@Tore ********

don't talk crap. As a safe secured simple savings account goes to keep your money , that bank offers a better rate than most western country's, would I rather keep my money in Australia, sure, saying that's a bad investment when most ETF return 2-6% a year is silly, it's a decent rate if your money is insured under 250k aud like aus, his not asking for investing advise, his asking if Thai banks pay interest on your savings in a Thai savings account

@Andrew **********

what?? 2-6% a year. Even a “all world” index etf get allot better returns than that….

@Tore ********

I'm talking about dividends, op is talking about a bank paying 7% monthly, he hasn't explained if he needs access to the money or if it's a long term investment, if he needs the money regularly and has little money then a savings account and not an ETF would be the smart choice, if it's an investment long term then ETFS would be a better choice....

@Andrew **********

stopped reading at the first sentence. Pure ignorance.

@Todd ********

You can find YouTube videos about the entire retirement accounts of expats who moved there being cleaned out by a bank employee and ... the result? People who lost their life savings & means to survive on retirement told by the banks "too bad. so sad."

@Justin *******

you can find YouTube videos about any kind of ridiculous BS. You could also look up how heavily regulated Mexican banks are. There are always foolish people with money

@Todd ********

ok well I'm pretty sure it was actual clips from broadcast news from the tv. I'm not keeping any money there. Personally I'll take getting a bank account in Georgia sooner.

@Justin *******

Good idea - you take Georgia. Probably some good YouTube about it. I will settle for my govt insured 8-10% for the last decade. All looking great. It's easy to understand why so many struggle financially. Good luck