September 12, 2024
The Overall Plan
After some excellent conversations with friends who helped motivate me to sell a condo in Thailand, there was some necessary followup. As a quick recap, the condo was bought around 2012 in Pattaya. Right from the beginning it was a headache that lasted the entire time until I sold it in early 2024.
With the condo sale successfully done at around a 20% profit, it more or less covered all the setbacks. Now the question remains: what to do with the capital? It has been sitting in a Thai bank account all this time which pays pitiful interest. Considering all the effort that it took to open the account, it isn't paying off, plus I don't have much confidence in the Thai banks to begin with. Who even knows if they'll freeze or close that account at a moments' notice and just make up a reason.
As a friend correctly told me, "You need to get that money into the market." Completely agreed. But how exactly? You don't just wire the money out, it's hardly that simple with the Thai banking laws. But where there is a will, there is a way. This tour will aim to accomplish exactly this end.
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