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>> No. 9521 Anonymous
11th August 2022
Thursday 12:46 am
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Is sharing a flat with a woman an okay decision or should I limit responses to my ad for a new flatmate to men only?

Now before you get mad at me (especially YOU) I've gotten a fair amount of interest in the place but most of it seems to be from women and it makes me wonder: I've been very clear the other room is a mezzanine above the kitchen that, while not exposed, is still pretty weird for a mixed sex accommodation. They might not understand what the word means or they might just be okay with it but I need advice on whether I'm okay with it.

This will take some getting used to. I've even got my own room with walls but I'm in there wanking all day and I'd rather not lose that privilege if someone uses her womanly charms on me.
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>> No. 9535 Anonymous
14th August 2022
Sunday 2:20 am
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I understood at least four words in that comment. Is a crunchyroll sub a kind of American sandwich? No wonder it's crunchy if you've had it for a decade.
>> No. 9536 Anonymous
14th August 2022
Sunday 4:04 am
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I hope the four words were "a Mary Sue fanfic". The rest only makes sense if were part of the fansub scene pre-2005ish.
>> No. 9537 Anonymous
14th August 2022
Sunday 5:03 am
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I don't know who Mary Sue is, or what a "fanfic" might be. It sounds a bit mucky.
>> No. 9538 Anonymous
14th August 2022
Sunday 9:26 am
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Living in the 90s definitely only made sense pre-2005; you're absolutely right.
>> No. 9539 Anonymous
14th August 2022
Sunday 2:17 pm
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>> No. 9516 Anonymous
14th July 2022
Thursday 2:39 pm
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My flatmate is moving out at the end of next month and upon him giving notice my landlord is asking that there be a renewal agreement that increases the rent by £65. The thing is, I signed a variation agreement when I moved in last November to replace the previous joint-tenant that specifically states:

>TERM : One year less one day from and including 03/11/2021 until and including 04/11/2022
>RENT : [total-rent-on-property] per calendar month clear of all deductions for the duration of the term

Am I right that there is piss-taking going on? It doesn't name the tenant now moving out in the variation agreement but it seems odd that I'm bound by contract terms of a year on my side but are now changing on what the landlord receives. Unless they're instead going to demand the new variation agreement by the new tenant builds in the rent increase and extends my term as well.
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>> No. 9517 Anonymous
14th July 2022
Thursday 5:16 pm
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>For a fixed-term tenancy (running for a set period) your landlord can only increase the rent if you agree. If you do not agree, the rent can only be increased when the fixed term ends.

>Your landlord must give you a minimum of one month’s notice (if you pay rent weekly or monthly). If you have a yearly tenancy, they must give you 6 months’ notice.

You have a fixed term expiring in November. That term runs for a year. Cordially invite them to do one.
>> No. 9518 Anonymous
14th July 2022
Thursday 5:39 pm
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See it ordinarily makes sense only we're looking to make a new variation to replace the other existing tenant. As they set out the rent and term in my variation agreement I'm presuming they will be in rights to do it again because we're asking for a change in the contract via signatory on the joint-tenancy.

So I can either say no and they will too in which case I can't replace the tenant and end up paying for everything until November being unable to replace. Unless there's some regulation on tenancy replacement that protects substantive changes to the agreement.
>> No. 9519 Anonymous
14th July 2022
Thursday 6:22 pm
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They shouldn't send you a variation with an increased rent. If they do, and it's on paper, strike out the rent and replace it with the previous rent, initial the amendment, sign it with "(as amended)" underneath it.

Otherwise, if it's one of those DocuSign things, return it to the letting agency and tell them that if the landlord wants to increase the rent they need to send a Section 13 notice separately, and that they need to send you a variation with only the name of the tenants changed.

Basically, at this stage, call their bluff.

>> No. 9502 Anonymous
10th July 2022
Sunday 5:58 pm
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>Freshii’s ‘virtual cashiers’ make $3.75 an hour and have been called ‘outrageous’ — now the chain’s founder wants to go global

>It started as an experiment, designed to solve staffing shortages at Freshii. Last year, amidst harsh COVID-19 business restrictions, senior members of Freshii’s management team — including founder and then-CEO Matthew Corrin — quietly began testing a software called “Percy,” a video-calling device attached to cash registers at select franchise locations.

>The software was built to connect Freshii patrons with cheap, outsourced workers based in countries thousands of kilometres away. The idea, the creators said, was to help franchise owners cut down on labour costs while keeping their doors open in case local staff called in sick. The pilot project went relatively unnoticed until April, when Percy’s business model sparked intense criticism from labour organizers and senior politicians after the Star revealed that some of those “virtual cashiers,” based in countries such as Nicaragua, are paid $3.75 (U.S.) an hour to perform the same tasks as Ontario workers who earn a minimum wage of $15 (CAD) an hour.

>But now, despite the backlash, Percy’s founders say they hope to grow their start-up into a multinational company with offices around the world — totally independent from Freshii.
It's not even the only one: https://www.dallasnews.com/food/restaurant-news/2022/04/27/dallas-based-which-wich-tackling-restaurant-labor-issue-with-new-virtual-cashier-platform/

Looks like a whole lot of people are about to have their jobs outsourced. How can governments best support people who become unemployed as a result of exploiting the third-world? It seems to cause some problems down the line.
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>> No. 9511 Anonymous
11th July 2022
Monday 5:46 pm
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> but the way they seem to be deployed is horribly inefficient

What's an efficient way to employ a septuagenarian though. A lot of them struggle with mental tasks and asking them to get an item from five aisles down is like a whole day's workout for them.

To be clear, the reason more of them are still employed nowadays usually isn't that they have a useful contribution to make to the workforce. It's just the dire need for money to cover their monthly costs, which their pensions will increasingly no longer provide.
>> No. 9512 Anonymous
11th July 2022
Monday 6:45 pm
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>They might like the idea of only working part-time at Tesco express but if we combine them with machines we can work them to the bone.
...Augmented... Eldelrly?! Robo-Grandpas?!
>> No. 9513 Anonymous
11th July 2022
Monday 8:18 pm
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This has given me an awful idea for the supermarket of the future: Get one of those automated stock-collecting robots they have in warehouses, stick an old retiree in a basket on top of it. The robot will wheel around getting the items you want without being tired or forgetting where things are, and then for that all important human touch the old bloke can hand it to you.

Don't bother going to the patent office, I'm already on the bus.
>> No. 9514 Anonymous
11th July 2022
Monday 11:45 pm
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>To be clear, the reason more of them are still employed nowadays usually isn't that they have a useful contribution to make to the workforce. It's just the dire need for money to cover their monthly costs, which their pensions will increasingly no longer provide.

Nah, it's more like they take early retirement from a full-time job but continue to do part-time as they close out their working life. It's not like you can't work at all in your 60s but it's already getting a bit much to work full-time at that age, hence why it's common sense to plan to take early retirement these days after you pay off the house.

If they're proper old then you need to take it case-by-case but we can give them exoskeletons like in Aliens or however else we handle disabilities these days. They've already done a lot of research into this as you'd expect and old people still have a tendency to make less catastrophic errors than the young.

>> No. 9515 Anonymous
12th July 2022
Tuesday 12:46 am
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>They've already done a lot of research into this as you'd expect and old people still have a tendency to make less catastrophic errors than the young.

I'm not sure. I seem to remember numerous studies which all tended to conclude that people age 65 and up have far poorer judgement than younger adults. In fact, even the average sixteen year old can often make better decisions.

>> No. 8117 Anonymous
6th January 2021
Wednesday 8:22 am
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Several lads here seem to have a grasp of investments and so on. Do any of you have a regular income outside "earner income"? What kind of category does it fall into, and how did you come into it?

I had a nice image, but brian isn't playing ball today. It's a list of different (very broad) types of income:
1 Earner income : work a job
2 Profit income : buy and sell
3 Interest income: lending money
4 Dividend income: owning stock
5 Rental income: renting out property
6 Capital gains : assets increase in value
7 Royalties: others use your work
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>> No. 9497 Anonymous
21st June 2022
Tuesday 3:31 pm
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I think the DOW is in for a bit of a multi-day relief rally. Trying to find something like a leveraged ETF on the index to ride it for a couple of days.
>> No. 9498 Anonymous
24th June 2022
Friday 11:29 am
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Just sold my ETF on the DOW and turned a tidy profit of almost 500 quid.

Weekend, here I come.
>> No. 9499 Anonymous
24th June 2022
Friday 1:30 pm
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Not bad if you made £500 in under a week. Do you mind if I ask how much you put in to start with?
>> No. 9500 Anonymous
24th June 2022
Friday 3:11 pm
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Upper four figures.

I don't normally take punts like that, but in this case, it seemed plausible to me that the Dow would be taking a breather.

I've found that watching CNBC really helps gauge market sentiment. They never really get credit for being a very good source of financial news.
>> No. 9501 Anonymous
4th July 2022
Monday 9:59 pm
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>Another crypto lender Vauld pauses withdrawals as market crash takes its toll

No, it's not a massively bonkers idea to take out loans that are collateralised against insanely volatile assets like a cryptocurrency. And then, as a "crypto lender", either letting customers buy more volatile cryptocurrency with the loan, or loaning the deposited crypto coins out to third parties.

A lot of this financial alchemy just always deserved to fail. It's making Lehman look like a bunch of schoolboys.

>> No. 9125 Anonymous
19th January 2022
Wednesday 10:38 am
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What sources of income do you have other than your job?

I get invited to do market research surveys through work and that's yielded £70 in Amazon vouchers since the start of November, although usually it's about a tenner a month. My girlfriend does the occasional Prolific survey in her spare time and gets about £40 a month for it. She also keeps an eye out for universities needing participants for their research; from one study she got a free phone, Fitbit and a payment of about £150.
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>> No. 9448 Anonymous
10th June 2022
Friday 11:11 am
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>As one of the quotes used multiple times in that video goes, they'll say "if this looks like a Ponzi then surely everything looks like a Ponzi". That line is true, but not in the way the originator meant.

Ponzi schemes are usually still quite easy to spot. The key sign that that's what an investment scheme is tends to be unrealistic yet consistent investment returns. You need to sucker investors into investing with you somehow. Why should they give you their money if they get the same kind of returns with more conservative asset classes. Also, to actually deliver those returns to at least a few people who have been your client for some time and thus not arouse suspicion, you have to keep bringing in new investors, and again, you'll only be able to do that consistently with promises of massive returns, which you can then back up by pointing at the sums you've already paid out to longer-standing clients.

If you look at Bernard Madoff, for some inexplicable reason, he seemed to be able to pay out consistent high returns that appeared to be almost completely unaffected by market crashes and other fluctuations. The reasons why he got away with it for so long were that he was very well connected in the finance industry as well as the Securities Exchange Commission, and just that people love a good lie, and that he and his employees worked quite hard to cover their tracks. His company had an entire department which did nothing all day besides pulling entirely bogus income statements out of their arses for their hundreds of clients. They were paid out an amount that seemed reasonable, at least given the fund's past performance, with some minor and equally bogus fluctuations over time, and then they concocted a list of securities that they then said they had invested their clients' money in, which seemed to corroborate the returns that were paid out.

Madoff got away with it because he was very skillful at keeping up his Ponzi scheme. It really only collapsed in 2008 during the Financial Crisis because there was a market-wide bank run. Without that, he probably could have continued it for a lot longer. Not all Ponzi schemes are that elaborate, but they don't have to be in order for you to spot them, because, again, the key telltale sign is always unrealistic consistent returns.

Worth noting that a return isn't unrealistic because it beats the market and you achieve it one time. Any retail investor can get lucky and make an absolute killing one time on a stock that goes through the roof. But it's a trick that you simply cannot pull off every time in the long run, and whoever promises you otherwise simply isn't worth your money.
>> No. 9449 Anonymous
10th June 2022
Friday 11:48 am
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Apparently it's really important to get a 9 litre big bastard with two trays. She's gone for this one:


She's also used redeemed vouchers from TopCashBack or whatever else she gets up to in order to blow £159 on one of those carpet shampoo cleaners. Most of the house has hard floors, it's just the bedroom, stairs and upstairs hallways that are carpeted.

I just... just... women. I gave up trying to make sense of them a long time ago.
>> No. 9458 Anonymous
11th June 2022
Saturday 9:19 am
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Carpet shampoo cleaners are also pretty shite. They do make a difference but not £159 worth.
>> No. 9459 Anonymous
11th June 2022
Saturday 12:07 pm
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Her mum has one, so she could have borrowed that on the rare occasion we need one. I don't know.
>> No. 9460 Anonymous
11th June 2022
Saturday 12:35 pm
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Weren't you going to buy socks with the voucher anyway? Just cook some chicken and chips and enjoy it.

>> No. 9304 Anonymous
6th May 2022
Friday 3:21 am
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Evening chaps. Would you be able to recommend me a bank where the fraud blocks are optional, i.e. you can turn off your bank's tendency to block everything? I am with Barclays and fuck me sideways - I can book a £200 hotel ok, and a £30 train ticket, but if I book another £10 ticket (lol split ticketting) it has a shit fit and blocks your card. It didn't do that when a grand was taken out my account, though.
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>> No. 9380 Anonymous
13th May 2022
Friday 3:02 am
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>Monzo have by far the most sophisticated and unobtrusive fraud detection
Sophisticated, yes. Unobtrusive, not necessarily. There are plenty of reports of people getting their accounts frozen for seemingly no reason. Fraud detection is ultimately a trade-off. When fraud occurs, the bank needs to return the customer's money, and if they can't stop, reverse or recover somewhere down the line, they're on the hook for it. That means that how sensitive and specific their systems are hinge on how much risk they want to accept in terms of transactions slipping past them and having to cough up out of pocket. For upstarts like Monzo, a lack of a large capital investment base means they necessarily have a lower tolerance, which means calibrating their systems for higher sensitivity and lower specificity.

It's also worth remembering that customers can themselves underestimate the risk of transactions they enter into. In my younger days, I made the mistake of buying hard drives on the same day as I'd paid for a file-sharing service. As far as my bank was concerned, they'd seen a small payment to a company in Eastern Europe followed shortly by an order for several hundred pounds worth of electronic equipment and understandably their system got twitchy.
>> No. 9397 Anonymous
13th May 2022
Friday 2:15 pm
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What this guy says. You don't get any banks who won't do KYC checks, they're legally obliged to and the onus is on them, not you.
>> No. 9425 Anonymous
16th May 2022
Monday 4:24 am
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Natwest has never done anything like this for me, either I'm lucky or they don't give a shit but in any case you could give them a shot.
>> No. 9426 Anonymous
16th May 2022
Monday 9:19 am
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Natwest interviewed me for the best part of half an hour before they allowed me to send £3000 to myself at another bank. Among other things I had to justify why my computer had remote desktop enabled, why my phone appeared to be using a VPN (it was an adblocker) and why I had chosen a savings account with an APR lower than their ISA (it was an LISA - an account type he didn't know existed).
>> No. 9427 Anonymous
16th May 2022
Monday 8:05 pm
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Natwest have spotted every fraudulent act ever committed on my bank account. They're very good. To this day, I have no idea how they could tell it wasn't me sending money from Yeovil to someone in Reading, but that it was me sending money to buy things from China, Japan, and Eastern Europe.

>> No. 3223 Anonymous
18th February 2013
Monday 7:58 pm
3223 Bitcoins
Have any of you bought Bitcoins or spoken to anybody that has?

The underlying principle of removing the role of the banking industry from transactions (or at least limiting its influence) seems noble but it stinks of a giant scam IMO.
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>> No. 9419 Anonymous
15th May 2022
Sunday 1:07 pm
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As far as I can tell, there are enough people in the market always that there's always someone willing to take a punt. I have never cashed out shares or cryptocurrency and been told absolutely nobody anywhere is willing to pay. But then, I have used Coinbase or Vanguard who are presumably an extra level of intermediary who make such trades easier and more reliable. If you had the actual Bitcoins on a hard drive in your house, it might be harder, just like how I don't want to invest in gold because I don't want to have several grand's worth of gold sitting in my house, and I have no idea how I would sell it from there.
>> No. 9421 Anonymous
15th May 2022
Sunday 1:09 pm
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Sending your Bitcoin from your hard drive to Coinbase takes 10-30 minutes.
>> No. 9422 Anonymous
15th May 2022
Sunday 1:47 pm
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>Nice try, but Bitcoin yields are an order of magnitude higher than Apple's dividends.

That all depends. In a world of uncertainty, where stochastic expected value is a thing, nothing comes for free. Very high yields tend to be highly improbable, which in turn means that low yields and even substantial losses are much more likely. Sure, if you'd bought 1000 quid of Bitcoin in 2009 or 2010, you'd be a multi millionnaire, possibly a billionaire by now, but what were really the odds back then. Cryptocurrencies were a novel idea but which nobody could predict would take off the way it did. It was in the best sense of the word highly unlikely. Especially as basic volatility was near enough already what it was today. And look at the way valuations jigsaw, sometimes from one day to the next. If you got in at the ATH of $67K in November 2021, as I'm sure many people did because retail investors very often buy at the top in droves, then you're sitting on a 55% percent loss at the moment. Sure, it could just as well go up way past $67K again in the next bull run, but it's still a very volatile asset. If you're not prepared to take profound losses, temporary or not, then you shouldn't invest a single penny in cryptocurrencies.

Another thing is that it's IMO no coincidence that cryptos came to such widespread popularity in an environment of historically low interest rates that we had for over a decade. But as interest rates are now set to rise again in most leading economies, there will be other more risk-averse investment opportunities again. Which also means there is no guarantee that cryptocurrencies will replicate the kind of price action we've seen in the last 10 years.
>> No. 9423 Anonymous
15th May 2022
Sunday 2:00 pm
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You're not understanding the conversation. We're not talking about price (though that is surely a far more salient variable in both instances). He's talking about dividends and I'm talking about yields or interest.
>> No. 9424 Anonymous
15th May 2022
Sunday 6:44 pm
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Assuming no congestion and reasonable fees.

Also transacting on Coinbase takes 10-30 minutes, assuming they aren't having "technical difficulties" which are totally genuine and beyond their control and in no way just them preventing customers from benefiting from favourable market conditions.

>> No. 9261 Anonymous
1st May 2022
Sunday 2:08 pm
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How do we fix the housing problem? The whole market is a joke and weighs on the neck of anyone whose parents aren't rich like an anchor.

Talk of raising interest rates by a single percent could knock 20% off house prices (https://www.economic-policy.org/72nd-economic-policy-panel/rising-uk-house-prices/) but the factors driving low interest rates in the need to artificially pump growth seems unlikely to abate anytime soon and it seems like we just can't build possibly enough houses to possibly dent demand. It's like as a society we're just tired and out of ideas at this point.
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>> No. 9406 Anonymous
14th May 2022
Saturday 6:57 pm
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You see the green bits? That's where you can build more KFCs, Subways, primary schools and houses.
>> No. 9407 Anonymous
14th May 2022
Saturday 7:03 pm
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River Humber looks filthy.
>> No. 9408 Anonymous
14th May 2022
Saturday 7:25 pm
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If Britain had the same population density as Hong Kong, we'd have a population of 1.6 billion. This country feels crowded, but it's mostly empty. It would feel much less crowded if we built a few new towns with decent public transport.


Nobody actually chooses between a house directly opposite KFC or homelessness. They make trade-offs based on cost, location, size, quality and a variety of idiosyncratic factors. A handful of uninhabitable houses in very poor locations do have a market value of zero, but that's an edge case. The vast majority of houses are worth more than they would cost to build even if they're inconveniently located, poorly built, unattractive or cramped, because there simply aren't enough houses for people to have a real choice.

Increasing the supply of housing gives buyers and renters more choice, while reducing the bargaining power of sellers and landlords. You might not get your dream pair of Yeezys, but you'd probably prefer something from Off-White or Balenciaga over the tatty pair of Dunlop Green Flash you're currently spending half your income to rent.
>> No. 9409 Anonymous
15th May 2022
Sunday 10:35 am
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>the primary school that doesn't serve breakfast at all

Fake News: KFC doesn't do breakfast at all but many schools offer a breakfast programme for their students.

I reckon I'm stuck in London until hybrid working sticks and they sort out the transport network. It's all well and good getting a house out in the sticks but it becomes unaffordable if I'm having to commute on a season ticket.
>> No. 9410 Anonymous
15th May 2022
Sunday 11:29 am
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>until they sort out of the transport network
Better delay thinking about your move until retirement then.

>> No. 9334 Anonymous
10th May 2022
Tuesday 10:03 pm
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I have the option to open a savings and investment account. I've been offered three different options:

Investment and Savings Account
- Yearly, low standard taxation
- No need to declare every sale / no hassle with income tax return

Fund Account
- Can trade funds
- Can compensate profits against losses in income-tax return
- Usually 30% tax on profits and dividends

Equity Trader
- Trade equities and other securities
- Can compensate profits against losses in income-tax return
- Usually 30% tax on profits and dividends
Message too long. Click here to view the full text.
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>> No. 9335 Anonymous
10th May 2022
Tuesday 10:22 pm
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Who "offered" you these options? It sounds like you just have money and can put it somewhere. In that case, the common advice is that you can't beat the market so you should just spread it out (diversify) as much as possible. For example, a stocks and shares ISA will offer you various stock markets that you can buy one of every share from. If you want to buy one of every share in the FTSE 100, for example, you can put your money there using one of the companies that do it.

When I wanted to do this, finding the companies that do it was actually the hardest part. Vanguard is one, Hargreaves Lansdowne is another, and Legal & General is a third. You can also buy individual shares if you want to from companies like AJ Bell.

I just gave all my money to Vanguard, and none of the bullet points you mentioned ever came up. I invested about £10,000 with them, so if you are much richer than this, you're welcome to ignore my advice. But if you plan to use one of the companies I've mentioned, they will give you lots of reading material to explain what will happen in more detail. It depends on what you want to do, but if you're happy to just passively pile your money into "stock markets in general", then get an ISA and ignore most of what you mention in the OP.
>> No. 9336 Anonymous
10th May 2022
Tuesday 10:32 pm
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1. Equity and fund accounts are the same thing. Platforms can differ on which they're geared towards but I can't think of anywhere you can buy shares in funds but not directly into equities.

2. You mean capital gains tax which is a different beast and I don't see it hitting 30%, in all likelihood you will never have to pay this due to the tax-free allowance and ISA but record keeping isn't hard as platforms keep records. Unless you fuck about with crypto and pictures of monkeys.

3. You're liable to lose money with investing early on as the market is on a downturn, and you can lose it all by panicking or gambling which is what gets people. That said if you can plop your money in a low-cost tracker fund and forget about it then you will beat almost any other form of saving I can think of aside from houses and maybe investing in skills.

I don't know lad, put a little in a credit union, a little in a standard bank savings account and the rest on low-risk investing until you learn the ropes. No need to be all tally-ho.
>> No. 9337 Anonymous
10th May 2022
Tuesday 10:38 pm
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This sounds shady as fuck m8.

>> No. 3840 Anonymous
19th September 2013
Thursday 10:03 pm
3840 Pensions
The OFT have come out and said that many old (i.e. set up before 2001) pension schemes have high charges and offer savers poor value for money. They've also suggested a cap for auto-enrolment schemes, but it's going to be an almost meaningless gesture as you'd be very hard pressed to find a provider offering auto-enrolment terms with annual management charges greater than 1% anyway.


The pension scheme I'm in at work (contribution: 5% employer, 5% employee gross) has management charges of 0.6%, which I'm alright with as it's less than I'd get if I was investing in collectives through an ISA.

However, I've put the charges and contribution details into Invidion's pension calculator for an idea of what I'd get when I'm 65, 40 years from now, and if my salary increases in line with National Average Earnings and I took the 25% tax-free lump sum I'd be looking at a pension in today's terms of 27.5% of my current salary. If I wanted a pension that would be about two-thirds of what I'm earning now then I'll need to contribute, assuming the employer contribution stays at 5%, 15% gross (12% net) of my salary every year for the next four decades. This does depend on what annuity rates will be like then and I'd also be getting the State Pension, as long as they haven't upped the age you receive it to 80 by then.

If it wasn't for the tax relief and my employer matching my contributions then I doubt I'd bother and I'd look into other ways to support myself while I'm in retirement. What about you lads? What are your thoughts on pensions? In my opinion to have any form of decent retirement income you're at the mercy of your employer offering a good pension scheme.
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>> No. 9257 Anonymous
29th April 2022
Friday 9:15 am
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Fuck it. I've set up an account with AJ Bell and requested the transfer of my Aviva pensions with them. I just need to hope things go down rather than up over the next 2-4 weeks whilst I'm out of the market.

AJ Bell's interface is absolutely atrocious though.
>> No. 9258 Anonymous
29th April 2022
Friday 6:42 pm
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I just transferred an old pension too and now have tons of cash in my SIPP. Thinking of YOLOing the lot into Rolls Royce and Simec Atlantic Energy.
>> No. 9259 Anonymous
29th April 2022
Friday 7:48 pm
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>Simec Atlantic Energy.

I thought they'd have gone bust by now.
>> No. 9260 Anonymous
29th April 2022
Friday 7:54 pm
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I have doubled my money on them.
>> No. 9520 Anonymous
25th July 2022
Monday 8:00 am
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>Spiralling inflation, volatile financial markets and the soaring cost of living are leading to the “great unretirement”, with research suggesting retired people are returning to the workplace.

>There are now more people aged 50 and older in work or looking for work than since just before the pandemic, according to data from the Office for National Statistics (ONS). Its analysis shows there was an increase in economic activity (people working or looking for work) of 116,000 among the over-50s in the past year. More than half the total increase is among men aged over 65 – whose economic activity levels increased by 66,000, or 8.5%, in a year – with 37,000, or 6.8%, more women over 65 in or looking for work.

>Experts say in-depth research indicates the increase is driven by former people in retirement returning to work, rather than people working longer. “People who thought they could retire comfortably during the pandemic are having to unretire and find work again to bring in extra income and top up their pensions while they still can,” said Stuart Lewis, the chief executive of Rest Less, a digital community for the over-50s.

>“Increasing numbers of retirees are feeling poorer than they’ve felt before, with consumer confidence at a record low and purchasing power eroded on a monthly basis,” he added. “All this is driving the trend of unretirement.” Volatile financial markets were creating significant fear and uncertainty in people’s perceptions of their future retirement income, said Lewis. The one-off suspension of the state pension triple lock last April means that the state pension only increased by 3.1%, while inflation increased at 9.4% in June. “It’s no surprise that people are looking at ways to make additional earnings,” he added.


Enjoy being unable to retire, ladm8s.

>> No. 8729 Anonymous
18th April 2021
Sunday 12:42 am
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Previously on Britfags: The Origin

It's exciting times as I've now saved up enough for a deposit on a small house for myself. It took 3 years of saving, living in a tiny flat, cutting corners where I can and corona-induced savings and market returns. Even chased meagre bonuses at work and sold holiday time.

Only no. In my excitement I forgot about all the other bullshit with surveyors, legal fees, any repair work etc. It looks like I'll need another £10k just when things are opening up again.

Is there a way out of this predicament? Looking at the market I'm about to be priced out of even a converted shed if I don't buy soon.
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>> No. 9252 Anonymous
25th April 2022
Monday 12:05 pm
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Today's house search annoyance is how many listings I've come across with this "Comitted Buyer Process" shite, where they try and make it sound like they're doing you a favour ("Committed Buyer is a new, innovative and pioneering process for buying and selling property" my fucking arse, jesus motherfucking christ), when they're really just asking for an extra three grand just to reserve the place, on top of the deposit and solicitor's fees and surveyors and shit you're already paying for.

If I didn't know better it just seems like another way to keep ordinary people out of the market and keep it ring-fenced for investors, who can afford to drop an extra few grand for a guaranteed sale, whereas for an ordinary first time buyer that extra three grand might be another six month's saving on top of the deposit they already had to spend years scraping together.
>> No. 9253 Anonymous
25th April 2022
Monday 12:53 pm
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you have to pay a substantial lump, non-refundable, before surveys, to have the vendor make a half-hearted promise not to sell to anyone else within a short period? Fucking hell, this is the end game. This level of insanity says nothing but run awaaaaay, with a late 80s vibe.
I really feel sorry for you poor bastards trying to buy somewhere. Stuck between a rock, hard place and a load of larcenous cunts.
>> No. 9254 Anonymous
25th April 2022
Monday 1:02 pm
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Thinking more about this, I should advertise my house with one of these, and then just refuse offers that come in. A few £3K payouts a year would be nice. Maybe I should advertise other peoples' houses, too. When you understandably pull out because it's not mine to sell, well, fuck you, I've got your £3k.
This time next year, I'll be a miwwionaire.
>> No. 9255 Anonymous
25th April 2022
Monday 1:10 pm
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This situation won't get better until you start kidnapping and liquidating the jefes at companies at Persimmon, Barrat and any estate agent you see.
>> No. 9256 Anonymous
25th April 2022
Monday 1:23 pm
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Exactly. It sounds dodgy enough to me I wouldn't touch it with a barge pole, the trouble is there's some really nice looking places and they're all using it.

Entire fucking game is a scam for robbing bastards at this point.


They only take the fee if you accept the offer, in fairness, so you can't just refuse the offer and get a free three grand. But interestingly, nowhere does it state the seller is obliged to sell to you, even once you've agreed to the contract and paid the fee. It's merely that they agree not to sell to anyone else.

Definitely looks like a scam of some sort to me anyway.

>> No. 8626 Anonymous
5th April 2021
Monday 10:50 pm
8626 New Tax Year
Lads I forgot it's new years eve. What fund should I put 4k on for this year?

I'm considering ASI Latin American Equity to have some exposure to emerging markets but it would make me a slave to US yields. Might instead just put it all on FTSE250 if we're going to have a sharp recovery this year.
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>> No. 8775 Anonymous
26th May 2021
Wednesday 8:16 am
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What do you mean?
>> No. 8776 Anonymous
26th May 2021
Wednesday 10:22 am
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That was last week. But thanks for letting me know the bonus has gone in today.
>> No. 9217 Anonymous
31st March 2022
Thursday 2:13 am
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Less than a week until the new year. What are you going to put money on?

I'm thinking of continuing on a west-focused portfolio given events over the past few months have shown the advantages, probably to opt for an Aussie fund in AUD given commodities still seem like a good bet and the Australian economy might be finding its legs again (until commodities fall). Taiwan could be interesting given how hard value has been hit in recent months but I have my doubts about it maintaining its position in the semiconductor market.
>> No. 9250 Anonymous
23rd April 2022
Saturday 2:14 pm
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> Less than a week until the new year. What are you going to put money on?

"Green" stuff. For my own conscience and because I think money will pour into the sector for decades to come, as the weather gets crazier.


- SSE: they build and operate lots of power plants, transmission lines, etc. Still some gas plants, but they are ramping up the renewables in a big way. They have a PE ratio of ~20 and a dividend yield of ~4.5%, so they are kind of a value stock I guess. I'll put £10k here.

- Agronomics: high-risk cultivated meat startup investment trust. I put £5k here about a year ago and the share price has not moved... but the net asset value is 200% higher, so this seems good value (despite Jim Mellon's extortionate fees). I'll put £5 here.

- The last £5k: maybe ishares global clean energy ETF... but this has a lot of highly valued stocks and may have further to fall, so I'm holding off for now.
>> No. 9251 Anonymous
23rd April 2022
Saturday 11:45 pm
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>Agronomics: high-risk cultivated meat startup investment trust. I put £5k here about a year ago and the share price has not moved... but the net asset value is 200% higher, so this seems good value (despite Jim Mellon's extortionate fees). I'll put £5 here.

If you want my top-tip, you'd invest in something that's going to make money. I've been looking hungrily at SSAB which has been making green steel, even if this will likely be a counter-cyclical bet.

You're nearly a month late anyway, I put my house money into a cheap fund looking at US Small companies and made a small profit already. I may shift that into UK nano companies as we have some smart lads in this country working on applications so long as they're able to switch the kettle on.

>> No. 9226 Anonymous
6th April 2022
Wednesday 4:21 pm
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I've just finished my first tax year being self employed. How much can I possibly rinse through expenses?

So far I have:-

- Mileage.
- The £26 per month working from home flat rate.
- Work mobile.
- Professional membership and bills associated with that.
- Equipment (computer, webcam, office chair, etc.).
- Meals when I'm on the road.

Is there anything obvious I'm missing?
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>> No. 9231 Anonymous
8th April 2022
Friday 1:40 pm
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That sounds wrong to me, but I'm not qualified yet.


See CGT section. You might lose CGT relief but I'm not sure of the actual impact on your tax. The bit they mention about retaining dual use seems fairly generous though so I'd imagine you'd be fine.

Curious, how many accountants do we have on here?
>> No. 9232 Anonymous
8th April 2022
Friday 5:00 pm
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You can only claim clothes if they are work-specific and couldn't reasonably be worn in other contexts. Uniforms, costumes and PPE are deductible expenses, but suits aren't even if you only wear them for work.

The joke is on HMRC, because I buy all my clothes at Screwfix.
>> No. 9233 Anonymous
8th April 2022
Friday 7:38 pm
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What about a fursuit?

I'm a programmer you see.
>> No. 9234 Anonymous
8th April 2022
Friday 7:47 pm
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No, but you can claim for your programming socks.
>> No. 9235 Anonymous
13th April 2022
Wednesday 11:04 am
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OP here with a follow up question. At the minute my student loan balance has c. £4,370 outstanding and I will have somewhere around £3,400 to pay for 2021/22 when it comes to doing my self assessment.

Should I take some of the money I currently have in premium bonds and just pay it off now? The plan 1 interest rate is 1.5%, so higher than I'm likely to get through my savings but we're probably only talking about being ~£30 better off overall if I clear it now.

>> No. 9224 Anonymous
4th April 2022
Monday 8:19 pm
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>The Treasury has asked the Royal Mint to create a non-fungible token, or NFT, as it attempts to show Britain is at the cutting edge for new technologies by launching its own cryptoasset.

>It said the chancellor, Rishi Sunak, had asked the 1,136-year-old institution to create the NFT – a type of unique digital asset stored on a blockchain, the same decentralised ledger of transactions used to buy and sell cryptocurrencies such as bitcoin – so it could be issued by the summer. The Treasury’s announcement did not specify what image or object the Royal Mint’s NFT would confer ownership of, whether more would be created, nor whether NFTs would be used to generate funds for the exchequer. A Treasury spokesman said more details would be announced “soon”.

>The decision to launch an NFT is likely to raise eyebrows at a time when more than a million people in Britain are expected to fall into poverty this year after Sunak did not do more in his spring statement to cushion the poorest in society from soaring living costs as inflation hits the highest level in three decades. The rise of NFTs has also led to a spate of scams and have become a target for hackers, losing consumers vast sums.

>Sunak said it was his ambition to make the UK a global hub for cryptoasset technology through close oversight of the emerging sector. “We want to see the businesses of tomorrow – and the jobs they create – here in the UK, and by regulating effectively we can give them the confidence they need to think and invest long term.” The government said it intends to legislate to bring stablecoins – digital assets usually pegged to a fiat currency such as the pound or the dollar – into its regulatory regime, meaning issuers and services providers offering such products in the UK would need to follow rules set by UK authorities.


Are we about to get rugged?

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