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Post by rgs2001uk on Apr 24, 2017 22:55:54 GMT 7
Why would the baby need medical insurance?
Probably cheaper to just pay as you go.
As for tracking, sounds like some agent is trying to make a quick commission.
I dont know the situation and the people involved, why isnt the kid registered in its own province for free healthcare?
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Post by rgs2001uk on Apr 24, 2017 23:03:42 GMT 7
^^^ to carry on from the above, my mrs has a blue house book (tabian baan) full of, out of Bkk types, the reason they are on the blue book is to take advantage of things like schools and medical care that isnt offered in the boonies.
Might be worthwhile asking what does your local amphor offer.
Me, I was given a full free annual health check the other week, blood samples the lot.
BP came back as 113 over 73, no diabetes or anything, same deal at some rip off private hospital would have been about 12k baht, go to local clinic, would have been about 4k baht.
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chiangmai
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Post by chiangmai on Jun 21, 2017 6:53:42 GMT 7
They were threatening to do that for various reasons for the whole nine years I posted there. Doubt if any ever did, they just like whining. I'm not too sure about that, my sense is that a number of TVF posters bailed out back to Blighty as a result of the exchange rates although for many of them it may well have been the straw that broke ..... The bigger question in my mind is where will the exchange rate go from here. USD 1.26 and THB 42 seem to be very strong support levels but once breached, who knows where the floor is. I've read yet again that USD 1.10 is very firmly back on the cards now the Brexit team has declared we will leave the Customs Union - Carney clearly echoes that sentiment in his Mansion House speech last night. Without wishing to appear a doom and gloom merchant on this point I wonder for others, at what level of currency exchange does Thailand become no longer attractive or of value? It's all very well owning real estate here but unless a person is earning in THB or already has substantial Thai assets, things could get sticky, fixed income pensions in Pounds would seem to be the first line of defense at risk.
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Post by Soutpeel on Jun 21, 2017 9:08:25 GMT 7
Why would the baby need medical insurance? Probably cheaper to just pay as you go. As for tracking, sounds like some agent is trying to make a quick commission. I dont know the situation and the people involved, why isnt the kid registered in its own province for free healthcare? The baby doesnt per se being Thai, understand the free health care thing, this is an Uncle Soutie/ "adoptive Grandpa"Soutie thing and think it stems from something that happened with one of Mrs S other relatives, young couple & young baby...not a sick buffalo story BTW baby gets sick, they take the kid to the local free hosiptal in BKK, Hospital say dengue, they freak out as can be bad news in one so young, young couple phone "Aunty" Mrs S in a sheer panic over the kid, she tells me...i say Dengue in BKK ?...they havent been out of BKK in months... dont think its Dengue...whats the symptons ?...online Thai English "medical dictionary" comes out...convinced in not Dengue, call a mate of mine who is an RN, he reckons not either, recommends moving to another hospital for second opinion, tell them to move the kid to closest private hosptial, dont worry about the money...i will pay Diagnosis in private hospital is gastro and the kid is dehydrated, in for 2 days, tests, bed, nursing, doctors etc 21k, which left to their own devices this young couple couldnt front, in this case the outcome was postive, but the reverse could have also been true with possible severe consequences if say the free hospital misdiagnosed gastro and was in fact dengue In the case of the baby iam referring to, i want try and give this kid access to the best possible hospitals/ treatment, if needed that his parents would never be able to afford, this may all sound daft on my part, but have really grown fond of the little fker and he is a great little kid, and maybe having decent medical insurance for the kid may one day take the stress off his parents, if he ever got really sick and worried about getting the best treatment they can for him in Thailand. As stated maybe it just me being a daft sentimental tw@t wanting to do this...but the net result is, it appears none of the Thai based insurance companys will not do a policy such as this unless tied to an adult policy and cant put him on mine as not a direct minor blood relative or dependent We would have to adopt him, and given the chance, Mrs S would be signing the paperwork tomorrow ...
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Post by rgs2001uk on Jun 21, 2017 23:11:05 GMT 7
Why would the baby need medical insurance? Probably cheaper to just pay as you go. As for tracking, sounds like some agent is trying to make a quick commission. I dont know the situation and the people involved, why isnt the kid registered in its own province for free healthcare? The baby doesnt per se being Thai, understand the free health care thing, this is an Uncle Soutie/ "adoptive Grandpa"Soutie thing and think it stems from something that happened with one of Mrs S other relatives, young couple & young baby...not a sick buffalo story BTW baby gets sick, they take the kid to the local free hosiptal in BKK, Hospital say dengue, they freak out as can be bad news in one so young, young couple phone "Aunty" Mrs S in a sheer panic over the kid, she tells me...i say Dengue in BKK ?...they havent been out of BKK in months... dont think its Dengue...whats the symptons ?...online Thai English "medical dictionary" comes out...convinced in not Dengue, call a mate of mine who is an RN, he reckons not either, recommends moving to another hospital for second opinion, tell them to move the kid to closest private hosptial, dont worry about the money...i will pay Diagnosis in private hospital is gastro and the kid is dehydrated, in for 2 days, tests, bed, nursing, doctors etc 21k, which left to their own devices this young couple couldnt front, in this case the outcome was postive, but the reverse could have also been true with possible severe consequences if say the free hospital misdiagnosed gastro and was in fact dengue In the case of the baby iam referring to, i want try and give this kid access to the best possible hospitals/ treatment, if needed that his parents would never be able to afford, this may all sound daft on my part, but have really grown fond of the little fker and he is a great little kid, and maybe having decent medical insurance for the kid may one day take the stress off his parents, if he ever got really sick and worried about getting the best treatment they can for him in Thailand. As stated maybe it just me being a daft sentimental tw@t wanting to do this...but the net result is, it appears none of the Thai based insurance companys will not do a policy such as this unless tied to an adult policy and cant put him on mine as not a direct minor blood relative or dependent We would have to adopt him, and given the chance, Mrs S would be signing the paperwork tomorrow ... ^^^ Tis a good thing you do, been there done that. His Holiness Lord BucketHead will reward you in your next life, your are big naam jai and jai dee.
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Mosha
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Post by Mosha on Jun 22, 2017 18:39:04 GMT 7
Interest rate rise is backed by BoE 1 week after a close vote rejected it.
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chiangmai
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Post by chiangmai on Jun 22, 2017 18:44:17 GMT 7
Interest rate rise is backed by BoE 1 week after a close vote rejected it. The vote was 5 to 3 against but Haldane changed his mind after the vote, expect next months vote to be close at 4 to 4 with Carney casting the deciding vote,......against.
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Mosha
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Post by Mosha on Jun 22, 2017 18:51:42 GMT 7
Interest rate rise is backed by BoE 1 week after a close vote rejected it. The vote was 5 to 3 against but Haldane changed his mind after the vote, expect next months vote to be close at 4 to 4 with Carney casting the deciding vote,......against. It's getting closer though, RPI at 3.7% which sets my company pension rise in November. Hopefully back on visa extension.
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chiangmai
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Post by chiangmai on Jun 27, 2017 17:00:56 GMT 7
I see today that BoE's Carney has told banks to stash away a further GBP 12 bill. each in order to increase the buffer for when things fall apart, he's also getting ready to clamp down on credit card lending which now risks spiraling out of control.
My guess is that with inflation at 2.9%,the need to increase interest rates is going to become quite strong in the very near future, when that happens the pressure will start to build on mortgage books and mortgage holders plus borrowing will become more expensive. Will the Pound start to strengthen I wonder, hmmm, how can it with Brexit negotiations hanging like a sword of Damocles, stagflation anyone!
So where does all of that leave holders of Pounds who want to buy THB in the near future? Brexit negotiations would have to progress pretty spectacularly in short timescales for the Pound to improve significantly and that doesn't seem probable, the risk I think is to the downside.
THB could weaken further, especially if the much needed FDI doesn't magically appear and I see no good economic reason why it would, not with Yellen continuously increasing rates, the risk here I think is also to the downside.
It might just be the pair will trade off pretty evenly as a result of these events, 42/43 ish being as bad as it might get for a while but also about as good. Clearly though the Pound risk is political whereas Baht risk is all in economics. It's worth however keeping an eye out for one off odddball events that might surprise, an equities crash is one, a Trump impeachment being another, the BIS is also warning that the next financial meltdown is right round the corner with some Asian economies displaying characteristics of western ones, in 2007.
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Post by Fletchsmile on Jun 27, 2017 17:54:19 GMT 7
My strategy and what I'd suggest to others is to try and put yourself in a position where the exchange rate isn't that important to you and won't cause you problems if it goes against you. That likely includes building some THB assets. Then if it goes in your favour that's just a bonus Short term is always difficult to call. So many factors - some foreseen others often not - it becomes something of a lottery. Everyone will tell you though after the event how they "saw it coming" and it was "obviously" undervalued/overvalued or range bound Mid-Long term I'd say GBP will continue to weaken vs THB but there'll be bumps along the way. A couple of weeks back we transferred some GBP to Thailand in connection with our house purchase. First time in ages I've transferred GBP here. Rate was just over THB 43, and that was after asking the bank to see if they could improve on the standard TT rate they first offered, which they usually do and did again this time. Now if I compare that to the 70-ish we got 10 years or so back when we also bought property, I'm happy to have got the long term trend right. But at the same time 43+ feels a poor rate The rate we got on the day was just that to me though. The rate on the day. I didn't think it worth the hassle of trying to wait for a bit better rate, as it could just as easily go against. Just bite the bullet and go for it. Peace of mind and certainty on what we're getting rather than hope and see. A lot to be said for just doing it and moving on. On the other hand waiting to see for 44 and watching it go to 42,41,40,39... could be stressful knowing what you should have done. I'd also add that GBP was less than 10% of the property we bought. Most of the money will be from THB or SGD anyway, which again goes back to trying to put yourself in the situation where it doesn't matter too much. It made it so we could be confident of just bring in the GBP when needed and without too much worry on the rate at the time. Would have preferred 44 or 50 but that's life
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chiangmai
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Post by chiangmai on Jun 27, 2017 18:01:41 GMT 7
I'm fortunate that I'm overweight in THB and have been so for some years, I actually got tired of playing the exchange rate game and at one point went nearly all in in THB. But I've subsequently accumulated a fair amount of GBP in the UK and it's knowing what to do with it is the problem, especially since inflation is rearing its ugly head. It's not a bad problem to have but I do find threads and discussions such as these bring out some interesting perspectives which is why I keep contributing to them rather than out of a need to fund my life here.
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Post by Fletchsmile on Jun 27, 2017 18:09:51 GMT 7
What I've tended to do with my GBP is buy equities or mutual funds rather than hold GBP cash. That way it's the underlying equity risk that counts and the currency of the underlying equities. As you say, good to keep discussing though. My thoughts short term: 1)THB will continue to strengthen vs USD. The USD strengthening had been the main story for a few years. I think that's drawing to an end now. Even with USD rates rising I think most people have already built that in and expected that, so when further rate increases finally do come in they'll have been anticipated. 2)USD/GBP could go either way. So if a betting man on currencies short term I'd put money on the baht strengthening based on the first part Don't see GBP/THB going below 40 in the near future, so probably not a rush to make big changes.
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chiangmai
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Post by chiangmai on Jun 27, 2017 18:20:16 GMT 7
What I've tended to do with my GBP is buy equities or mutual funds rather than hold GBP cash. That way it's the underlying equity risk that counts and the currency of the underlying equities. As you say, good to keep discussing though. My thoughts short term: 1)THB will continue to strengthen vs USD. 2)USD/GBP could go either way. So if a betting man on currencies short term I'd put money on the baht strengthening And that's exactly my thought also. I did finally find an onshore IFA, one of the very few who is willing to deal with expats in Thailand and I checked him out with the FCA and others and he seems pretty good. I know you are comfortable making your own investment decisions but I less so hence the IFA is now following your lead and suggesting the very same thing. As an aside, one of the very few financial guys on the other forum whose really does know what he's talking about and whose opinion I respect and actively seek out from time to time, Lannabirth says he fully expects to see a sub 40 Pound within the next decade, not as a blip but as a norm!
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Post by Deleted on Jun 28, 2017 11:47:48 GMT 7
What I've tended to do with my GBP is buy equities or mutual funds rather than hold GBP cash. That way it's the underlying equity risk that counts and the currency of the underlying equities. As you say, good to keep discussing though. My thoughts short term: 1)THB will continue to strengthen vs USD. 2)USD/GBP could go either way. So if a betting man on currencies short term I'd put money on the baht strengthening And that's exactly my thought also. I did finally find an onshore IFA, one of the very few who is willing to deal with expats in Thailand and I checked him out with the FCA and others and he seems pretty good. I know you are comfortable making your own investment decisions but I less so hence the IFA is now following your lead and suggesting the very same thing. As an aside, one of the very few financial guys on the other forum whose really does know what he's talking about and whose opinion I respect and actively seek out from time to time, Lannabirth says he fully expects to see a sub 40 Pound within the next decade, not as a blip but as a norm! I'm anti-Brexit however I don't agree that the pound will be as weak as lannabirth suggests for that long. I do reckon we are in trouble until around 2021. Macron has his hands full with France, and a few other European Socialist Republics will face a reckoning soon. The UK has absorbed millions of young Europeans which has benefited these republic's. Without the UK their youth unemployment figure would be at revolution stages. What's mental about Brexit is the elderly voted against allowing hard-working youngsters into the country. Contrary to opinion, we are taking the cream out of the European youth pool - the genuine "on yer bike," types. They will drive our economy while the elderly retire to care homes or the grave.
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chiangmai
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Post by chiangmai on Jun 28, 2017 15:48:28 GMT 7
And that's exactly my thought also. I did finally find an onshore IFA, one of the very few who is willing to deal with expats in Thailand and I checked him out with the FCA and others and he seems pretty good. I know you are comfortable making your own investment decisions but I less so hence the IFA is now following your lead and suggesting the very same thing. As an aside, one of the very few financial guys on the other forum whose really does know what he's talking about and whose opinion I respect and actively seek out from time to time, Lannabirth says he fully expects to see a sub 40 Pound within the next decade, not as a blip but as a norm! I'm anti-Brexit however I don't agree that the pound will be as weak as lannabirth suggests for that long. I do reckon we are in trouble until around 2021. Macron has his hands full with France, and a few other European Socialist Republics will face a reckoning soon. The UK has absorbed millions of young Europeans which has benefited these republic's. Without the UK their youth unemployment figure would be at revolution stages. What's mental about Brexit is the elderly voted against allowing hard-working youngsters into the country. Contrary to opinion, we are taking the cream out of the European youth pool - the genuine "on yer bike," types. They will drive our economy while the elderly retire to care homes or the grave. Presumably you picked 2021 to allow the balance to begin to shift between younger and older age groups? If we're going to Brexit and it seems we will, our economy will shrink by some figure up to or around 20% and that wont do anything positive for our ability to service existing debt nor eliminate the deficit - reducing the ratio of old to young will help relieve strain on social services and NHS and also increase GDP marginally but it still only like changing from eighth to seventh gear when you're still half way up the mountain.
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