Tan buys prime land, Dew dividends, both start from income
These are the views of people who are already rich, not advice to buy any land or stock. After reading, you will know what each formula needs first, what a million baht pays in dividends a month, and what to ask yourself before putting money in.
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If you have to give directions to your land 3 or 4 times, turn at the petrol station, carry on a bit, then turn again, and the listener is still lost, Tan Passakornnatee says to hold off buying that plot.
The comparison he drew was Ploenchit, which people know the first time you say it. He told the story in a clip from the Money Issue programme by Thairath Money, published on 1 November 2026. The question in the clip was how to make money earn more money, a formula Thais call "money on money".
Tan is managing director of Ichitan Group, and the other guest was Dew Weerawat Walaisathien, a businessman and investor. One buys land and the other buys dividend stocks, but both made money from trading first, and only then thought about where to put it.
Tan buys good land once he has plenty of spare money
Tan said plainly that if you have little capital, you should hold off buying and go and learn first. Once you have a lot of money, you can buy the good land he calls the "egg yolk".
He likes this land because the price can rise on its own even while you sleep or are ill, and it fears neither rain nor Covid.
That the price rises on its own is his view, not a guarantee, but prices in the area are high. Appraisal firm Prospect Appraisal put Siam, Chidlom and Ploenchit at 3.75 million baht per square wah in 2024, Thairath reported.
Tan said he once sold land in Ploenchit at just over a million baht and that it is now 4 to 5 million. He did not give a unit in the clip, but the figure is close to the price per square wah above. He said he has no regrets, because he put the money into other land and has made several rounds of profit since.
What people with their first lump sum should hear more is what he warns against.
- Land that only costs you: tax, a guard to pay, no idea when money comes, and it is hard to sell
- A loan where profit does not cover the interest: do not put money in yet
- Land you do not understand: do not buy, keep the money
- A wait so long that you could never spend the gain: however much the price rises, it has nothing to do with you, and he wants to see results in 3 to 5 years, or 10 at most
The tax comes with numbers you can work out. Siam Commercial Bank explains that vacant land worth up to 50 million baht starts at a 0.3% tax. If it stays idle for more than 3 years in a row, the rate rises another 0.3% every 3 years, up to 3%. Land appraised at 10 million baht therefore starts at 30,000 baht a year, with no income coming in at all.
Dew buys dividend stocks but calls himself a merchant
Dew said people he meets often ask which stock to buy, because they think he is a stock guru. He said he does not know, and that he is a merchant at heart, buying and selling, doing anything that makes money.
His formula is very short. Trade to make money, spend sensibly, then put savings into good dividend payers to earn 7% to 9% a year, not counting capital gain, meaning profit from the share price. With 2 incomes, trading and dividends, he said anyone can do it.
The 7% to 9% figure needs slow reading. On 1 August 2026, Bangkok Biz News listed 7 stocks in the high dividend index yielding above 6%. Only 3 reached 7%, and the highest was 8.54%. Dew himself said at the Thairath Money Campus Tour that dividend stocks pay roughly 3% to 9% depending on risk, against 1% to 2% for bank deposits.
A 7% dividend also does not mean your capital grows 7%. The Stock Exchange of Thailand explains that on the XD day, when buyers no longer get that round's dividend, the share price may fall by less than, the same as or more than the dividend.
A million baht is only a starting point
Dew called the question "I have a million baht, what should I invest in?" a trap that Thais often fall into.
Do the sums. A million baht paying a 7% dividend brings 70,000 baht a year, or about 5,800 baht a month before tax. That can top up your income, but it cannot pay for a life. At the Campus Tour he put it more bluntly, saying "Dividend Stock does not make you rich", because dividend stocks suit people with more capital.
Time is also a cost. Dew said nobody gets rich from 2 or 3 years of investing and that everyone takes 10 years or more. Someone in the conversation countered that it is more like 30 years, and he said he himself saved for 25 years to get where he is.
Both are speaking after getting rich
We hear the formula from those who made it, not from those who did the same and fell short, and even those who made it were hurt along the way.
Siam Blockchain reported in September 2025 that Dew has said he lost about 50 million baht in one night on Gold Futures, contracts to trade gold at a later date, and could not eat properly for a month. After that he stopped trading with borrowed money and turned to holding dividend stocks. The same report says he is a major shareholder in TISCO, which is also on the list of 7 above.
Before putting money to work, ask yourself 3 questions
Nobody knows what land or stock prices will do, but you can answer these 3 questions today.
- Is this money spare: if you stopped working for half a year, would you still not need to sell what you bought
- Does what you are buying earn income: does it pay you, or do you only pay for it
- Do you understand it: if you cannot explain to a friend how the money will grow, keep the money
Before putting in a large sum, talk to a licensed investment adviser first.
FAQ
What does money on money mean in this clip?
It means putting money you have earned into something that makes more money. Tan chose well-located land and Dew chose good dividend stocks.
Does Tan advise buying land right away?
No. He said people with little capital should go and learn first, and that land takes a lot of money, spare money and understanding.
Do dividend stocks really pay 7% to 9%?
That is Dew's own target, not a guaranteed figure. In Bangkok Biz News's list, 3 of 7 stocks reached 7%, and dividends and share prices can change.
Where should someone with little capital start?
Both men earned income from trading first. Dew has advised young people to start with a small business, such as selling on TikTok, instead of high-risk investments.
Sources
- Thairath Money: Money Issue clip on the money on money formula
- LINE TODAY and Thairath Money: Decoding Dew Weerawat's route to getting rich fast
- Siam Blockchain: Dew Weerawat and the 50 million baht loss on Gold Futures
- Bangkok Biz News: 7 SETHD stocks with dividends above 6%
- Stock Exchange of Thailand: Does the price have to fall after XD?
- Siam Commercial Bank: Land and building tax
- Thairath: Land prices in Siam, Chidlom and Ploenchit in 2024
- Naewna: ICHI sets up a fertiliser joint venture
