@Alan *******

red flags for sure. If the banking system cannot be trusted. Imagine if they decide to nationalize your account one day, pretty scary. High Risk in my opinion.

@James *****

I don't know, when someone else has your hard earned money under their lock pretty hard to maintain control. That is asking a lot. I surely hope they would understand why someone might be a tad bit upset. 🤷🏾‍♂️

@CjandBrigitte *********

which comes first. Don't you need a bank account with 800k to get a long term visa?

@Steve *********

and the average Thai income is what? baht per month. Banks have numerous ways to make money. Ask J.P. Morgan. Deposits are a fraction, ofthe value of banks. Capital Market activities are were banks make money and deposits help margin security, as they leverage fractional reserves. The banking part is a necessary evil of the full banking house. It all goes together.

@Brandon ********

Okay, this is good. 3 to 4 inflation accounted is exactly what a wealth manager would advise you for. You've done your homework. I'll be retiring early, but I have retirement health care until I get to Medicare age. That's all I was looking for is the health insurance, that's a lot of money if I had to buy on the street.

If the Baht is rising, the stock market is falling. 🤔

What will you do for health insurance? Are you concerned about loss of missed compound investment growth with inflation adjustment. In Thailand,in theory you don't have the access to work. You are in your prime income years, but I also get it, cut your expenses and live life with what you got.

@Brandon ********

right that is the kicker do you want a half million invested in Thailand.

@David ******

I got you. It's passive to you. Makes sense as part of your normal spending. I'm probably too absent minded to keep up. 🤣🤣. Gosh, I got accounts all over the place I can't keep up with. 🤣. My plan would just take one of those accounts over to Thailand. I'm an idiot for not keeping in a money market account. I been more focused on my actual investment accounts.

@David ******

.hmmm...800,000 you don't have to spend and it's yours. IDK 800,000 is not a tremendous amount of money to hold. It's a one time deal and forget it. Now to keep transferring , if you are not spending is the same thing over 12 months and even wose over 5 years of doing it as you have exchange rate fluctuation, exchange fees, and the hastle of trying to prove your exchanges. To each his own this is why I think it's 50/50. Eathier put it there and not worry about it $24,000 USD or exchange $2000 per month to equal $. Eathier put it there and not worry about it $24,000 USD or exchange $2000 per month to equal $24000 in a year..