Ask question
This is NOT an official government website. We are an independent resource providing information and assistance to travelers.
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.
Like
Reply
Mike *******
All I got from this is, the admin of a thai group is not even on long term visa.
@Garrett **********
you sneaky devil!!!
Like
Reply
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.
Like
Reply
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
Like
Reply
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.
Like
Reply
Mike *******
@Bobby *******
so true. I'm amazed at people who think just keeping 800k in a bank is smart money.
Like
Reply
Mike *******
@Bobby *******
that would make to much sense.
Like
Reply
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.
Like
Reply
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
Like
Reply
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..
Like
Reply
0 comments
9 months ago
The ask:thailand community, consisting of multiple Q/A groups with over 100,000 members, powers this platform. It is not an official government resource. Our members actively contribute to this resource, and while we strive for accuracy, we cannot guarantee its complete reliability. Assistance to travelers is provided as a community service.