Mike ******
This is a summary of
Mike ******
's contributions to the platform. They have posed 4 questions and added 208 comments.

QUESTIONS

COMMENTS

Mike *******
@Andy *********
you're a fool if you don't think 23k usd is a lot of money to be just sitting in a dead account to satisfy visa requirements. You know the amount of money a good investor can turn that into? It's not that I can't afford it, rather than I'm much smarter with my money. And to answer your question, yes i can easily afford it, but I don't just let 20k sit around. My money is constantly working. I pull out the amount of money I need to live on at beginning of each month, and the rest goes to work, making me more money.
Mike *******
All I got from this is, the admin of a thai group is not even on long term visa.
@Garrett **********
you sneaky devil!!!
Mike *******
@Brook *******
not singular investments sir. I day trade individual stocks like AAL,CCL,DIDI &NIO, (plus other blue chips). This year I'm at 12.8 percent return. Would be higher, but took a dip due to Biden being a terrible president.
Mike *******
@Brook *******
lol .05%. Yeah no thanks. I can turn it easily 10-20% on the market. But I fully understand that Thailand has rules, just hate tying up that kind of money, when it can be used so much wiser. Again this is just my opinion
Mike *******
@Brook *******
maybe. But for others who have a high net worth, they realize letting 20k USD sit in a dead account is not smart money management. Just my opinion.
Mike *******
@Bobby *******
so true. I'm amazed at people who think just keeping 800k in a bank is smart money.
Mike *******
@Bobby *******
that would make to much sense.
Mike *******
@Kool ******
no sir.. i was very specific with them about the validity of the visa. and they 100 percent said it was a real 1 year visa that is stamped at immigration. I don't think that they would get in trouble. All i care about is the ability to stay in Thailand for another year or 2 without having to open a thai bank account. I am not trying to dance around the system that you are referring to, but if a reputable school tells me there is a visa that includes a stamp, well I am inclined to believe them.
Mike *******
@Kool ******
i am not sure why they are telling me there is a option for 1 year.. i will ask them tomorrow and let you know what they say
Mike *******
@Dan *********
Yeah, Kool Breeze has always given great knowledge on other things, but I am pretty sure that my language school would not risk getting in trouble quoting me a third option..