Thai Baht
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44 replies to this topic
#26Posted 2012-02-03 22:05:39
Have you tried comedy Jayman. You are a natural. Truck Drivers in Iraq, yeah there were a few working for Haliburton/KBR at first. The switch was made to locals very quickly. You won't find many Iraqi/Kurdish/Pakistani truck drivers in Isaan.
I worked in Iraq from May 2003 through 2006. Regale me and others with your vast expertise about Iraq. You are just a true Renaissance man .... at least on the web. #27Posted 2012-02-03 22:09:24
Jayman, Please, please tell me about Thailand. I've been here since the mid-70s and I am a slow learner. Please oh please step up and correct me. The Force is weak in this one as is his googling skills. You might try Wikipedia Princess. dam_n, you just can't get entertainment like this outside of the internet; financial whizs and GI money managers in Isaan, but you can try and step up and correct me on that. Can't teach an OLD dog new tricks. I'm not going to even try. You just keep thinking/believe whatever you want. I'm sure that's working out fine for you. You make a lot on very incorrect assumptions.... Just cause you are in Issarn doesn't mean I am. You could check my profile on TV to see that.. no need for you to task google on it old timer. Yes, thank you. It is working out fabulously for me, i.e., reading TV for entertainment, especially for the financial advice comedy and relying on a mix of US stocks, bonds and real estate for income. It is good to not be spending anything on a fee to have any of that "managed" by a poseur on a website. Financial manager .... yeah, right ... but then again you can be anyone you want to be on the web. Why would anyone bother with a TV profile? Anyone that includes personal information on an entertainment site such as TV is a can or two short of a 6-pack. Ah .... your target customer. Good business plan. Off to Pattaya in a few days and will no doubt be sitting drinking with a bunch of millionaires and ex special forces guys who are working as international security consultants. Don't find many factory workers or truck drivers here. Jim Indeed, on the internet there are all sorts of miscreants ... or "financial advisors", "Forex traders", and even Democrats. I wouldn't put anything in a profile on any site on the internet that has value to such a scammer, especially a birthdate, but then I guess folks can fill it in with an incorrect date. If I did use Facebook and had included a lot of personal data there it would make me nervous now that the IPO is in process. #28Posted 2012-02-03 22:32:18
Have you tried comedy Jayman. You are a natural. Truck Drivers in Iraq, yeah there were a few working for Haliburton/KBR at first. The switch was made to locals very quickly. You won't find many Iraqi/Kurdish/Pakistani truck drivers in Isaan. I worked in Iraq from May 2003 through 2006. Regale me and others with your vast expertise about Iraq. You are just a true Renaissance man .... at least on the web. My family are Iraqi. I am also a US vet. I also live in the same village as an American that works in Iraq as a manager of truckers. As it turns out, I was in AFSOC. I also trade forex (successfully). I'm in my 30's. I don't live out in Issarn. I'm also the IT/tech guy for a local security outfit started by expats that all work or have worked in Iraq. As for what it is you think you know about all things.. I don't give 2 shits. But if you go posting your thoughts as facts and I know otherwise I will certainly be posting to correct you. Edited by Jayman, 2012-02-03 22:32:52. #29Posted 2012-02-03 22:42:38
Actually, I split time between the US and Thailand. Lots of us do that who have managed their money well and avoided the scam artists, "internet financial planners", and other poseurs out to separate others from their money. Yes, Social Security will be nice when it comes in a few years but I'm not counting on it since Obozo and the Dems will eventually include means testing. I like Nong Bua Lam PHu and the Loei area and I do have a place up here but don't get to spend as much time here as I would like, too much to do to stray in any one place for too much time. You probably travel frequently as well to avoid the people you scam. You sure do make a lot of assumptions about things. I made it clear I don't live in Issarn. Just because I mange funds for a few people certainly doesn't make me an "internet scammer". All the people I manage funds for are very close friends. I would never manage funds for strangers as I would rather spend that time making money for my own friends and family. You can serach high and low through all my posts and you will never once see me soliciting anyone for anything. In fact, this thread was the first I even mentioned I trade forex and now I know better than to ever do that again on TV as there are too many old farts like yourself that have their heads up republicans asses. #30Posted 2012-02-04 06:18:04
Have you tried comedy Jayman. You are a natural. Truck Drivers in Iraq, yeah there were a few working for Haliburton/KBR at first. The switch was made to locals very quickly. You won't find many Iraqi/Kurdish/Pakistani truck drivers in Isaan. I worked in Iraq from May 2003 through 2006. Regale me and others with your vast expertise about Iraq. You are just a true Renaissance man .... at least on the web. My family are Iraqi. I am also a US vet. I also live in the same village as an American that works in Iraq as a manager of truckers. As it turns out, I was in AFSOC. I also trade forex (successfully). I'm in my 30's. I don't live out in Issarn. I'm also the IT/tech guy for a local security outfit started by expats that all work or have worked in Iraq. As for what it is you think you know about all things.. I don't give 2 shits. But if you go posting your thoughts as facts and I know otherwise I will certainly be posting to correct you. So correct me Jayman. What part of my posts do you think are incorrect, i.e., that the internet is full of poseurs and scam artists, particularly the Forex and currency "traders" or the part about dismissing that you are a "money manager." I don't live full time in Isaan either but I know the Loei and Nong Bua Lam Phu area fairly well. I haven't met too many Social Security/penshioners eeking out a living there but then again very few wannabe Forex traders also. There was a guy that claimed he made his living playing poker online but he seems to have slinked off to Pattaya. I worked in Baghdad at Daura, Basrah at the airport, and in Mosul. We used ArmorGroup for security but interfaced often with USAID and other agencies who used Blackwater. I doubt if you are conencted in any way to any of those fellows. #31Posted 2012-02-04 06:25:59
Actually, I split time between the US and Thailand. Lots of us do that who have managed their money well and avoided the scam artists, "internet financial planners", and other poseurs out to separate others from their money. Yes, Social Security will be nice when it comes in a few years but I'm not counting on it since Obozo and the Dems will eventually include means testing. I like Nong Bua Lam PHu and the Loei area and I do have a place up here but don't get to spend as much time here as I would like, too much to do to stray in any one place for too much time. You probably travel frequently as well to avoid the people you scam. You sure do make a lot of assumptions about things. I made it clear I don't live in Issarn. Just because I mange funds for a few people certainly doesn't make me an "internet scammer". All the people I manage funds for are very close friends. I would never manage funds for strangers as I would rather spend that time making money for my own friends and family. You can serach high and low through all my posts and you will never once see me soliciting anyone for anything. In fact, this thread was the first I even mentioned I trade forex and now I know better than to ever do that again on TV as there are too many old farts like yourself that have their heads up republicans asses. So you "manage funds" of your mommy. I guess that is a form of money manager. How is that hope and chage working out for you? BTW, where were you in Iraq. i was in Baghdad/Daua power plant, Basrah airport and Mosul. It was hellish; great place to be away from.. #32Posted 2012-02-04 10:16:41
I was in Dubai - York Club, Pancho Villas and Imperial Bar. Very dangerous duty.
#33Posted 2012-02-04 15:39:52
Actually, I split time between the US and Thailand. Lots of us do that who have managed their money well and avoided the scam artists, "internet financial planners", and other poseurs out to separate others from their money. Yes, Social Security will be nice when it comes in a few years but I'm not counting on it since Obozo and the Dems will eventually include means testing. I like Nong Bua Lam PHu and the Loei area and I do have a place up here but don't get to spend as much time here as I would like, too much to do to stray in any one place for too much time. You probably travel frequently as well to avoid the people you scam. You sure do make a lot of assumptions about things. I made it clear I don't live in Issarn. Just because I mange funds for a few people certainly doesn't make me an "internet scammer". All the people I manage funds for are very close friends. I would never manage funds for strangers as I would rather spend that time making money for my own friends and family. You can serach high and low through all my posts and you will never once see me soliciting anyone for anything. In fact, this thread was the first I even mentioned I trade forex and now I know better than to ever do that again on TV as there are too many old farts like yourself that have their heads up republicans asses. So you "manage funds" of your mommy. I guess that is a form of money manager. How is that hope and chage working out for you? BTW, where were you in Iraq. i was in Baghdad/Daua power plant, Basrah airport and Mosul. It was hellish; great place to be away from.. My problem with you is that you keep throwing out these assumptions about things that you seem to know little about. I find it insulting as you are directing them towards me. You said there is no way I make money in forex. You called me an internet scammer. Now you are saying I manage funds for my mother. None of this is true. I also never said anywhere that I work in Iraq. I said my family IS Iraqi. I live in Thailand and have not been to the US (my country of citizenship) for several years. I'm married to a Thai (holds a US green card) and have a few kids and we prefer life here to life in the US. I am also neither a dem or rep and don't think to highly of anyone that buys into the dual colors of the same team. It's faily obvious from your posts that you are a fox news loving rep. I find that hilarious. Probably buy into the whole "obama is a muslim and doesn't have a US birth cert" crap as well. As for black water, olive group, Armour group, and the like.. I am all too familiar with them. As I told you, all the expats that founded and work for this Thai based security company come from them. Several of them still, to this day, rotate back to Iraq. You obviously see things in only 2 ways.. black/white... all/nothing... and that's too bad. Open your mind and maybe you will see things for what they really are instead of just being one of the sheeple. #34Posted 2012-02-05 07:22:12
A'ynd.................................Now back to the currency!
Edited by fishhooks, 2012-02-05 07:22:49. #36Posted 2012-02-05 14:53:25
ohh yeah.. currency.... GBP has been holding it's strength lately against all currency but more QE is looming and will have a negative impact on the value of the GBP. Of course this whole mess with Greece and the rest of the PIIGS is something to keep an eye on as BOE ha a lot of exposure to this debt and once the dominoes start falling the GBP will suffer as well. I have noticed that the GBP has been holding a bit as folks start to move funds into it as a "safe haven" currency after the swiss franc was pegged to the euro and the BOJ has continued it's threats of further intervention.
Of course, let it be known that ALL of the currency are very much manipulated by the Central Banks of the world. They call it intervention but lets call a spade a spade.. it's manipulation. If BOT raises interest rates that will cause the value of the THB to increase. The opposite is true if they cut rates. All countries are still being forced to hold quite a large reserve of USD as that is the official currency for all sales of OIL. It truly seems that a currency war is going on and it's a race to the bottom. It's hard for the smaller currencies to even keep up. It's not so much that the THB has increased in value against the others but rather they are being devalued at an alarming rate (read QE). In order to keep the export numbers up you need to weaken your currency to make you exports good value to the buyers. It's all a big game and I don't see the future of the THB winning the race to the bottom. Edited by Jayman, 2012-02-05 14:59:29. #37Posted 2012-02-10 05:39:28
Agreed Jayman - more UK QE means it looks like I am going to have to buy a lot of baht rather quickly now (for personal use and SE Asia equity investment). My old target of 49 just went out of the window.
The old addage of keeping all your money 'safe' in the home country looks very dubious these days to intending-to-be long term residents. Edited by SantiSuk, 2012-02-10 05:40:16. #38Posted 2012-02-10 07:14:41
It seems the Aussie Dollar is still going well, cross fingers it lasts until April/ May
#39Posted 2012-02-13 03:24:30
I live in Thailand and have not been to the US (my country of citizenship) for several years. I'm married to a Thai (holds a US green card) and have a few kids and we prefer life here to life in the US OT: You mention you haven't been to the US for years. If your wife has not been to the US for over six months her green card is probably not going to be honored. They're intended for permanent residents of the US. We're working on getting my wife US citizenship before we move back to Thailand because of that, and also because of estate tax treatment of foreign spouses, etc. Back on topic: When Bernanke announced QE3 in January, I quickly wired funds for our visit in a couple months to Thailand. Sure enough the dollar has been falling against the Baht on a daily basis, and prices - gasoline, food, etc. are rising. #40Posted 2012-02-13 04:25:06
I live in Thailand and have not been to the US (my country of citizenship) for several years. I'm married to a Thai (holds a US green card) and have a few kids and we prefer life here to life in the US OT: You mention you haven't been to the US for years. If your wife has not been to the US for over six months her green card is probably not going to be honored. They're intended for permanent residents of the US. We're working on getting my wife US citizenship before we move back to Thailand because of that, and also because of estate tax treatment of foreign spouses, etc. Yes.. we are well aware of that thanks. 6 months is not the issue.. but once you go over a year out of the country then you run into issues maintaining the status. We have chosen to abandon the status as we have no intention of living/working in the US. If in the future that changes, we would have to go through it all again. #41Posted 2012-02-18 05:04:32
did I miss something or did the op merely say he was missing the old days of 65-70 baht to the pound? where did the SAS heroes (only heroes to themselves the general population couldn't give a shit) jump in on it? You dont need to be a forex hero to know the exchange rate will not change for 3-4 years so just deal with it.
#42Posted 2012-02-18 08:15:14
It's amazing how these threads drift or outright vear 180 degrees from the OP.
Currency (Re: Thai baht) I have a job in the oilpatch (never been associated with the military) I get paid in a variety of curriencies and found out long long ago trying to time exchanging money from what I got paid in to what I wanted to spend in was a crap shoot. I would pick a sweet spot and win and then wait and lose. I don't know what will happen with any exchange rates and neither does anyone else, other wise we'd all be driving gold plated cars I now, and have for years, exchanged each payroll as it arrives without checking the rates, over time it averages out (think dollar cost averaging as in investing) Ken Edited by kwonitoy, 2012-02-18 08:18:27. #43Posted 2012-04-19 13:06:41
The baht-pound rate has traded in a narrow band of roughly 47 to 50 for the last 18 months. No point in wishing for a return to heady days, given prospective relative growth rates in the UK and Thailand. Just monitor the rate carefully (at least weekly) and when it spikes (albeit spikes are very modest) hit it with a transfer of some substance. I managed to get at least one year's spending accross here at a rate of 50 in 2010. Last year it was 49.5. I'll hit it again this year if and when it goes over 49. Yes - one year I'll get caught out and it will continue to rise above my target rate but like all investing it's sensible to strike when it's toasty-warm, rather than waiting and hoping for a red-hot day. No use as a suggested strategy obvious;ly if you have to bring money into Thailand on an as-earned basis. 48.5 at Ubon airport last night and 48.78 at a KrungThai booth in BTS On Nut (Bangkok) this morning. I hit it hard with cash this morning and would do the same if I could get that rate with a bank transfer. Unfortunately my bank (HSBC) is more interested in selling out its retail customers than in offering decent rates on the Thai baht, but Bangkok Bank has been hovering in the high 48s for the last couple of weeks. Ill be happy if it gets even better (and will get some more baht then) but at least I won't be a sore loser if it traces back down into the 46/47 zone. PS - the Swampy rate last night was 47.3 or something like that. Disgusting - the unsuspecting tourist hands over a 2%+ premium on top of the handsome premium the banks are already making. Start milking, as you mean to go on, shai mai Thailand? #45Posted 2012-04-26 09:57:04
Getting 49.60 in Pattaya , will it continue to go UP!!
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