@Andy *******

any answer to his actual question? Good advice for information he didn’t ask for, but he did have a question.. can you help?

@Warren ******

so expanding on this a bit:

How would he have gotten today’s rates for this math to work 9 years ago? In fact, CD Rates were under 1% until 2022. (I assume you mean risk free returns because you only quoted 5% as today rates)

Assuming 1% for the first 7 years and 5 % for the next 2 years that 35k AUD only becomes 41k AUD.

On top of that, doesn’t the 800k need to be in the bank 2 months before and 3 months after? (Or vice-versa) So that 6k profit falls to because you cannot be invested all 12 months. Now it’s 3,500.

Also don’t you need to maintain 400k in Thai bank year round? So that’s half your investable income gone, and half your profits. 1,750.

So for $1,750 AUD, this gentleman can transfer AUD to THB and back, totaling 18 transfers over the 9 years making sure to not forget the correct dates, and research and fund the best risk free investment account… for $194 a year savings.

What is he missing out on?

@Warren ******

and to be clear I’m asking about $54,926 USD, but since you then mentioned AUD and I suspect you mean Aus $ not USD. Simply compounded 5% for 9 years, which is actually 54,296, and you transposed the 2 and 9?

@Warren ******

can you show your math on this?

I think the big frustration with questions like this isn’t that people don’t want to help it’s that the OP often times hasn’t tried to help themselves.

Tech savvy or not, you’re capable of using Facebook. If you can use Facebook, you can use YouTube.

If you can use YouTube, you could have easily typed the words “how to use the Thailand evisa system” and found one of dozens of videos like this, without being berated by the comment trolls in this group.

@Connor ******

following for the 5% links as well.

@Steve ******

who would impound it? Thai immigration impound the bike parked on the non-thai side of the border or local authorities impounding a bike of a tourist traveling through their country?

Getting denied at the border doesn’t make your current tourist visa/exemption invalid nor does it give Thai immigration authority outside of Thailand.

So who is doing this impounding?

Some of these comments sound just like how my grandfather sounds when he complains to the manager his soup isn’t hot enough.

@Michael *******

sounds like it’s changed since last time. 128£ next day still isn’t bad.

@Roberto ********

no way! This is the best advice. Leave your wife at home. We’ll take good care of her while you’re away.