Thailand Number 1 Na
Let’s put the record straight here.
Thailand is an amazing place to live well for a semi-savvy expat from the west (or east for that matter). The lifestyle afforded to myself and countless friends who’ve lived here circa 20 years is, ounce for ounce as good as, if not better than
Firstly, you come here and you learn the language, study the culture, the politics, the business world. You learn the lay of the land, maybe with the help of some of the friendly locals, and you quickly come to some general truths about the country, and
You will have gathered that just a few hundred families control pretty much everything in the business world. After a short while the workings of the civil service will be clear(ish), and if you make good local contacts and nurture such relationships,
You might be working for a big law firm or you may be an on the make sales person, technician or whatever. What’s important is that you chose to live in Thailand, and if you are sensible you will put in much effort to move ahead in your new country
Teaching English is not part of the plan. Neither is living in a shithole Thai studio apartment. Think X games for boys, with huge houses, oodles of cheap high-end smuggled booze, eye candy galore and an indecent rap sheet of babes, oh and driving like
You came here, or I did anyway to take as much advantage of what Thailand has going for it, and if we are honest, not to change the place to be like home. Those of the do good ilk miss the point and should just fuck-of back to bible thumping land.
We came here for debauchery, riches, freedom, the beaches, the girls, the drugs, the wild party scene, the lax laws and bendable rules, and some of us found paradise was real, and a fantastic quality of life could be had – for less. With THB 100k
Back in the early to mid 1980’s, and up until 1986 the country was still a backwater, and was about to explode with growth, with opportunity for anyone who was half right in the head and with a few baht in the bank.
For those who saw the country approach take-off point due to all the talk of development and employment of both public and private capital and of course the Japs' help in their first big move to use Thailand as a manufacturing base, it was a time
Put it this way, the SET was trading well below 200 points back in 1986, and 4 years later it was at 1000. The first big wave, accompanied by a massive property boom which would later drive the SET to its all time high in early 1994, albeit after the
Many just caught the summer 1993 to early 1994 rally, but there are lots of them still around, well known expats who made a killing because they played the game right.
Whether you made it on the markets where insider trading was the norm, or by flipping condos, land plots, or going a step further and actually developing something, it was hard to miss out on the boom years part 1 & 2. Pattaya was mostly built to
If you were here during the good old days, you would have had to be permanently stoned on Thai sticks and heroin not to notice what was going down, and thereby profit by it.
Again, after what happened to the Japs and given the property and stock markets had crashed by early 1997, well before the Asian crisis started mid year, it became crystal clear to many that things were not going to be good for a while. Things were going
Come 1997-1998 many of us lost jobs, or were having serious trouble in business, what with non payments, the Baht going to hell, a country in shock, and pretty much the entire business community in tatters. During 1998-1999 the clever money started to
The time running up to Thaksin getting booted was less good for the market, but it was a time of much opportunity for ‘real’ businesses and in many towns and cities also property development.
Once again many went short Thailand when the Thaksin thing started getting rather nasty, which ended up being a good thing given the whacking the country took from the US housing crash and banking meltdown. The fourth big wave on the market – which
The reason I harp on about the general moves in the Thai market since the mid 1980’s and not so much re the charms of the country and its ladies, is because it’s the obscene level of opportunity I want to make clear, not how easy it is to
Thailand was and still is a land of massive opportunity and freedoms, a place where you can live your dreams out far easier and in my opinion better than one can do in the west, and indeed anywhere. Nowhere in Asia comes close. Australia and Europe have
Those who bitch about the country tend not to know the real inside deal, and never will if they don’t make a serious effort.
As we approach a watershed election on July 3, what I can say, for what it’s worth is that the next wave of Thai prosperity is at most a few years away before the big one, the fifth wave of wealth generation in the Kingdom
A crash is avoidable but it seems more likely, and when the reshaped Thailand comes out of the next difficult period, it will be a sight to behold.
In simple terms, if you see the SET back at 650-700 points after a major issue or three in the not too distant future, buying the market will be rewarded with a rally to and quite possibly well above 2000 points by 2018-2020, and with it Thailand will
In the meantime buy hugely undervalued land in certain parts of Thailand, not too far from the capital. Even agricultural land with water is a no brainer for those with some foresight. As an example one can purchase such land with a crop output value
Opportunity is everywhere. Those who take it find Thailand to be a wonderful home and the place where dreams do come true.
Hell, if you miss your civil rights, you’d be amazed at how enfranchised a farang can become here if they really want to vote. “ I’ll take the whole village please.”
Very interesting indeed, and I agree that for those willing to take a punt – and let's be honest here, prepared to take a few risks along the way – there's much opportunity and potentially riches and rewards!