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>> No. 7850 Anonymous
16th March 2020
Monday 10:27 pm
7850 Last Will and Testament
Have you made a will?

How did you do it?
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>> No. 7851 Anonymous
17th March 2020
Tuesday 1:45 pm
7851 spacer
No but you do it by talking to a lawyer of some sort.

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>> No. 7837 Anonymous
4th March 2020
Wednesday 8:13 pm
7837 Intellectual property
It's occurred to me that I might not ever acquire much in the way of physical assets throughout my life. It's not in my interest to buy-to-let or anything like that -- but I am very interested in owning intellectual property, and belong to the right industry to consider it (biotech).

Do any of you lads own any kind of IP? I mean this in the broadest sense, could be authorship of a book, a piece of music, patents, a bit of programming, etc..

What was the process like for acquiring it? Can you advise anyone aiming to create a similar bit of IP?
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>> No. 7845 Anonymous
4th March 2020
Wednesday 11:21 pm
7845 spacer
Amazon sends me about 70p a year for a short story collection I put on there.
>> No. 7846 Anonymous
4th March 2020
Wednesday 11:50 pm
7846 spacer
I own some recipes/menus and 'business methodologies' related to kitchen stuff, but this is more that I own them and the company has already paid for the rights to use them, rather than me getting money every time someone eats a black pudding tower or whatever. I also retain the rights to some specials I designed as a young cheflad for the company I worked for, which is nice I suppose but utterly useless as the company still retains all rights to use and modify the dishes, but it was exciting at the time. This stuff I suspect is mostly symbolic, it's pretty fucking hard to copyright a recipe as just about anything worth making has its roots in a published or age-old dish as it is.

I also have a few producer credits for bands you've never heard of and one for a band you might have heard of, and get occasional PRS cheques for a few pence each.

I have no valuable information for you, just wanted to contribute.
>> No. 7847 Anonymous
5th March 2020
Thursday 12:13 am
7847 spacer
>>7844

Alright, you forced it out of me, bloody hell. I was in Half Man Half Biscuit.
>> No. 7848 Anonymous
5th March 2020
Thursday 12:29 am
7848 spacer
>>7847

This might be the most believable claim anyone has ever made here. I don't even want proof, it just makes sense.
>> No. 7849 Anonymous
5th March 2020
Thursday 12:41 am
7849 spacer
>>7848

Agreed. I've spent the last ten minutes reading about them and it all fits perfectly. Exactly how I'd imagine a bunch of .gs posters in the flesh.

I'd also bet my right bollock you're the same guy who sometimes brings up how trivially easy it is to get sucked off by a teenager in the bogs if you can hold a guitar the right way up...

Anyway good on you m8, sounds like you've had a right adventure.

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>> 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.

http://www.bbc.co.uk/news/business-24153012

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. 7813 Anonymous
18th October 2019
Friday 12:08 am
7813 spacer
>>7812
I knew my quality posts would pay off in the end.
>> No. 7833 Anonymous
19th February 2020
Wednesday 7:41 am
7833 spacer
Rejoice, lads. The Vanguard SIPP is finally here.

https://www.vanguardinvestor.co.uk/what-we-offer/personal-pension/personal-pension-account
>> No. 7834 Anonymous
23rd February 2020
Sunday 2:58 pm
7834 spacer
>>7833

Finally!

I am moving my pensions from a managed fund with Royal London that had 5% in UK Gilts and had underperformed the benchmark for 5 years (with a 1% expense ratio) into a Vanguard all-world equities index fund (0.37% expense ratio).
>> No. 7835 Anonymous
23rd February 2020
Sunday 4:27 pm
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>>7833
Might my local government pension be better than this?
>> No. 7836 Anonymous
23rd February 2020
Sunday 5:02 pm
7836 spacer
>>7834
I've had a quick look but I think I might be better keeping with Aviva for the time being.

>>7835
Yes.

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>> 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. 7335 Anonymous
5th April 2018
Thursday 5:21 pm
7335 spacer
>>7334

The way I see it, it was money I never expected to have anyway. I might feel differently if I was struggling for money though, I suppose.
>> No. 7336 Anonymous
15th April 2018
Sunday 7:40 pm
7336 spacer
There is this new satoshi dice address for BTC.
Address is bc1quykuahxrjx6d3h6ga4rkyg0hl5e59tcthqyhw6.

I found this while scanning pastebin

Here are the instructions on how to verify the provably fair roll.
https://codepen.io/anon/pen/vRqPMr?editors=0012
>> No. 7607 Anonymous
22nd June 2019
Saturday 3:33 pm
7607 spacer
You guys remember when the price of tulips recovered?
>> No. 7831 Anonymous
30th January 2020
Thursday 9:56 pm
7831 spacer
Just checking in to make sure you're all aware another peak is on the way. Don't worry, I know you'll ignore me and you can laugh about tulips when the partial correction happens.
>> No. 7832 Anonymous
1st February 2020
Saturday 1:55 pm
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>>7831
We will definitely laugh at you/tulips.

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>> No. 7388 Anonymous
20th October 2018
Saturday 12:08 pm
7388 Budgeting
What's the best method for budgeting?

I'm aware that I'm drifting a bit through life and not paying close enough attention to my personal finances. I could do with a system so I can analyse what is being spent and where that I can also use to plan ahead for annual bills and the like. I'm assuming the best thing to start with would be putting my bank statements on a spreadsheet.
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>> No. 7691 Anonymous
18th August 2019
Sunday 11:31 am
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>>7690
If it's that kind of categorisation you're after, YNAB is excellent.
>> No. 7702 Anonymous
18th August 2019
Sunday 9:10 pm
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>>7685
Monzo is bloody brilliant. Their customer comms is clear and honest, even if it puts them in a difficult light, their app is brilliant, no faffing, customer service is at the other end of a whatsapp style chat box that responds 24/7, no more sat waiting on the phone, it's all done through the app.

Starling is equally as good, but I find the interface a bit dark and gloomy.
>> No. 7828 Anonymous
2nd January 2020
Thursday 12:49 am
7828 spacer
So is YNAB what we're picking for budgeting software? I read that YNAB doesn't do direct transaction imports for UK banks but can do file based imports. I'm guessing it can at least accurately categorise spending?

What alternative budgeting software is out there? I see Monzo and Starling mentioned; I'll take a look at them. Anything else?

Please don't mention any brands too often or we'll have the astroturfing police turn up.
>> No. 7829 Anonymous
13th January 2020
Monday 4:15 pm
7829 spacer
What premium would you pay to rent your own place?

I'm looking in London. I have somewhere nice, that's shared. I'd be looking at an extra £200-£300 a month for a nice enough 1 bed flat, that isn't a mouldy little bedsit.
>> No. 7830 Anonymous
13th January 2020
Monday 5:58 pm
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>>7829
I think paying the premium to be on your own is a very good idea - but everyone is different and some people actually like sharing.

The challenge with living in London is the area - too far out and you end up with an hour commute, some areas aren't served with great public transport, there are a bunch of trade-offs. My advice would be pay as much as you can and live right in the centre - it'll be a tiny place compared to what you get outside Zone 3 and higher but you'll be happier.

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>> No. 7819 Anonymous
29th December 2019
Sunday 5:19 pm
7819 spacer
Can anyone recommend some green investment funds?

I've done a little research and found these:

https://www.abundanceinvestment.com/
https://www.ethicalconsumer.org/money-finance/shopping-guide/ethical-investment-funds
https://ethicalinvestment.org.uk/for-private-investors/

Not used them yet but will do some more scrutiny and report back.
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>> No. 7823 Anonymous
29th December 2019
Sunday 7:16 pm
7823 spacer
I have had about £10k in Abundance for a couple of years.

They have been very professional, but the projects are not without risk: read the brochures before sticking money in.

There is also a little annoying how the returns are made available in dribs and drabs that require manual re-investment or withdrawal (and the withdrawal paperwork is a bother when using an ISA).
>> No. 7824 Anonymous
29th December 2019
Sunday 8:11 pm
7824 spacer
>>7822
Wow thanks!

>>7823
Thanks for the tip. What sort of return have you received?
>> No. 7825 Anonymous
29th December 2019
Sunday 11:37 pm
7825 spacer
>>7821
Good lad.
>> No. 7826 Anonymous
1st January 2020
Wednesday 11:27 am
7826 spacer
>>7824

The returns have been as advertised, so far. Some of the investments are very long-term, though (ignoring the secondary market - no idea how usable that is), so ask me again in 20 years.
>> No. 7827 Anonymous
1st January 2020
Wednesday 12:34 pm
7827 spacer
>>7826
RemindMe! 20 years

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>> No. 7814 Anonymous
24th December 2019
Tuesday 11:30 am
7814 spacer
Do you lads include your pension contributions when you calculate your savings?

I'm including them now, as at the moment I don't actually fucking have savings it simplifies my spreadsheet.
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>> No. 7815 Anonymous
24th December 2019
Tuesday 12:17 pm
7815 spacer
>>7814
When calculating my monthly budget, definitely.

https://www.youneedabudget.com
>> No. 7816 Anonymous
24th December 2019
Tuesday 12:54 pm
7816 spacer
No, you're supposed to be saving money on-top of your pension because ours won't ever be enough and it's not money you can redirect to other things. I don't see why it would simplify the process unless it's not coming direct out of your payslip.

Good to see the measly 3k I've managed to squirrel away this year still makes me the 1%

>>7815
I second YNAB but would recommend trying to find an old version back when it was just a one-time fee. Paying 15.99 a month to use budget software seems a bit ironic.
>> No. 7817 Anonymous
24th December 2019
Tuesday 1:45 pm
7817 spacer
>>7816
Yeah - good advice. I have a savings category in YNAB, and in there are my extra pension payments, ISA, kids ISAs, holiday/emergency fund etc.

I pay about $80/year for the subscription for YNAB - it's a little pricier than it used to be, but its just terrific and has really helped me over the past three years.
>> No. 7818 Anonymous
24th December 2019
Tuesday 2:17 pm
7818 spacer
Thanks for the recommendation lads but I've used Google sheets for the past five years, and it's linked into a lot of other aspects of my future plans.

I've made a note to separate out pensions, though. My next goal, of course, will be to actually create some savings, which will certainly happen in 2020.

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>> No. 7541 Anonymous
4th June 2019
Tuesday 7:03 am
7541 spacer
One of the UK's most high profile stock-pickers has suspended trading in his largest fund as rising numbers of investors ask for their money back. Neil Woodford said after "an increased level of redemptions", investors would not be allowed to "redeem, purchase or transfer shares" in the fund.

Investors have withdrawn about £560m from the fund over the past four weeks. However, it was a request from Kent County Council to withdraw £250m that led to the suspension.

At its peak, the Woodford Equity Income fund managed £10.2bn worth of assets, such as local authority pension funds. However, it now manages £3.7bn, according to the financial services and research firm Morningstar. Mr Woodford's firm, Woodford Investment Management, is also the biggest investor in Kier Group, the construction and services group which on Monday warned on profits, sending its shares crashing 41%.


https://www.bbc.co.uk/news/business-48506032

"But he hasn't got anything on!" the whole town cried out at last. The Emperor shivered, for he suspected they were right. But he thought, "This procession has got to go on." So he walked more proudly than ever, as his noblemen held high the train that wasn't there at all.
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>> No. 7713 Anonymous
23rd August 2019
Friday 6:05 pm
7713 spacer
>>7712

>if Grand Designs followed professional housebuilders working on commercial developments

Bland Designs.
>> No. 7717 Anonymous
25th August 2019
Sunday 12:29 pm
7717 spacer
>>7710

Kevin McCloud at least should have recruited capable financial advisors to help with his scheme. You don't have to have a master's degree in business to be able to be the figurehead of a successful business venture. But if you don't have any training and experience in that field, it's of huge importance to surround yourself with the right people who do, and who can help you turn it into a success.
>> No. 7718 Anonymous
25th August 2019
Sunday 2:47 pm
7718 spacer
>>7717
Nah, they would definitely have told him not to license his music for free and we'd never have known his name.
>> No. 7797 Anonymous
15th October 2019
Tuesday 8:32 am
7797 spacer
Neil Woodford’s stricken equity income fund to be shut down

Neil Woodford has been sacked from his flagship equity income fund which will now be liquidated, a further chapter in the downfall of the UK’s most high profile active fund manager.

Link Fund Solutions, the income fund’s authorised corporate director, said on Tuesday the fund would be wound up by its administrators, which follows its suspension in June. BlackRock and PJT, the investment bank, will be allocated two parcels of the assets to be sold.

Link said it had been unable to reposition the portfolio into sufficiently liquid assets, and that reopening it would risk a fresh suspension.


https://www.ft.com/content/c9bd2a60-ef13-11e9-bfa4-b25f11f42901

Welp.
>> No. 7798 Anonymous
15th October 2019
Tuesday 9:41 pm
7798 spacer
He's thrown his toys out of the pram about being dismissed from his flagship fund by leaving the other two funds he ran.

https://www.bbc.co.uk/news/business-50061968

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>> No. 7791 Anonymous
9th October 2019
Wednesday 11:56 am
7791 spacer
Taxes. I've started a new job this year. For my first payslip in this new job, my tax code was 1250L. For the following 4 payslips, it was 1228L; for the final 2, it's been 779L.

As I understand, I should have an annual tax free allowance of £12,500. I think that means my code should stay constant. Could somebody help me understand why it's changed/been reduced?
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>> No. 7792 Anonymous
9th October 2019
Wednesday 1:10 pm
7792 spacer
Have you had a company car or any other taxable benefits, in this job or your previous job? Or are you/have you been on the higher tax band at any point?
>> No. 7793 Anonymous
9th October 2019
Wednesday 2:09 pm
7793 spacer
>>7792
No to both.
>> No. 7794 Anonymous
9th October 2019
Wednesday 3:36 pm
7794 spacer
Ask your employer if they know why your tax code has changed.

And try this service from HMRC, not sure how much it will tell you.
https://www.gov.uk/check-income-tax-current-year

The usual reason that your tax code would be reduced is if you've underpaid tax at some point in the past and HMRC is clawing it back, or you've got another source of income somewhere which isn't being taxed at the source. No idea why it would keep changing like you say though, you'd have to ask the people who control that.
>> No. 7795 Anonymous
9th October 2019
Wednesday 8:09 pm
7795 spacer
>>7791
Well did you start before the end of the 2018-2019 tax year? Were you working before this job in that year?

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>> No. 7768 Anonymous
4th October 2019
Friday 12:37 am
7768 spacer
Lads, I just saved my light grey rental carpet from a permanent red wine stain with this product. I’d say it's definitely worth a go if you need to get a stain out, and worth having around if you want to prevent the most permanent stains.

Dr. Beckman's carpet stain remover.

It did fresh wax earlier this week which is nothing special, but the red wine is definitely gone which is revolutionary to me. Less than £4 in most supermarkets.
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>> No. 7786 Anonymous
5th October 2019
Saturday 3:15 pm
7786 spacer
>>7785
That's not the same poster either. It's just that when you use logic, other people also using logic can come to the same conclusions.
>> No. 7787 Anonymous
5th October 2019
Saturday 3:18 pm
7787 spacer
>>7785
U wot m8? I was using you in the generic you sense.
>> No. 7788 Anonymous
5th October 2019
Saturday 3:42 pm
7788 spacer
>>7787

I used to do that. Nobody wants to get it. Use one instead, you'll look like a mongoloid but nobody will be able to derail your conversation with their ego.
>> No. 7789 Anonymous
5th October 2019
Saturday 3:58 pm
7789 spacer
Lads don't trust the OP. I also bought this product after reading many positive online reviews. When I spilled red wine on my carpet I broke this sucker out, but found that it actually made the stain dramatically worse. It now looks like I killed someone in my living room, chopped up the corpse and buried it in between my sofa cushions. Also it reeks to high heaven, I had a dinner party that evening and everyone thought I had been cooking raw shit.
>> No. 7790 Anonymous
5th October 2019
Saturday 4:38 pm
7790 spacer
>>7789

Did you cut the interior seal to allow the contents to reach the brush head and then allow the foam to do the work?

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>> No. 7729 Anonymous
19th September 2019
Thursday 12:41 pm
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I recently applied for a freelance job, and was asked whether I'd like to contract myself as a limited company or via an umbrella company.

I understand the differences in a very basic sense, and as this is a six month contract, I'm leaning towards umbrella for simplicity's sake. At the same time, I'm not sure I'm fully comfortable with someone taking my cash for doing a bit of paperwork.

On the other hand, I don't know everything involved in setting up a limited company, what additional costs and benefits there are to doing so. It might also be a nice opportunity to learn about the process.

Can anyone break it down in straightforward, non-jargon terms?
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>> No. 7735 Anonymous
19th September 2019
Thursday 10:18 pm
7735 spacer
>>7729
Umbrella company, until you start getting long term contracts and get the hang of the paperwork.
>> No. 7736 Anonymous
19th September 2019
Thursday 11:31 pm
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>>7734
Seconding this bit about HMRC, they are not known for their sense of humour or their laid back approach to life. For the first year you might want to get your accounts dealt with by a professional who can set you up with proper spreadsheets etc. and advise you on potential hazards and gotchas.
>> No. 7737 Anonymous
20th September 2019
Friday 8:46 am
7737 spacer
>>7734

Thanks, I read about this. I'm still not sure how the HMRC distinguish between being contracted for a full-time service and being employed, exactly. What puts you in one category or the other?
>> No. 7738 Anonymous
20th September 2019
Friday 10:08 am
7738 spacer
>>7737

There's an assessment tool at the link below; the questions asked should give you some idea of what criteria HMRC will apply. The fundamental question is whether you're providing a service for a client or supplying labour. Are you expected to keep particular hours? Could you send someone else equally qualified in your place? If you bugger something up, would you be expected to fix it at your own cost?

https://www.tax.service.gov.uk/check-employment-status-for-tax/reason-for-using-tool
>> No. 7739 Anonymous
20th September 2019
Friday 11:08 am
7739 spacer
>>7738

Took the questionnaire and it seems IR35 doesn't apply to me, but there's always the chance HMRC would disagree with my answers.

Appreciate the advice on this one, both, I think I'll see how these six months go with an umbrella company. If I like the work and I get an extension or another contract, I'll register myself as a limited company.

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>> No. 7726 Anonymous
14th September 2019
Saturday 8:14 pm
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I received an email from my letting agency on Friday asking if I would like to renew my rental agreement for another year. I'm happy to do this and having looked around this place is still the best deal for me. My flat is a real gem and I was lucky to stumble across it.

Now, correct me if I'm overthinking this, but there's something on my mind following this sentence:
>If you would like to renew, please confirm to us in writing and we will discuss with your Landlord the terms under which they would also be happy to have you extend.

I'd like to continue paying what I am now because I'm a civil servant and our wages don't exactly follow inflation. The problem is that the flat on the ground-floor is currently advertised at a roughly 7% higher rent than what I'm paying and therefore getting close to my unaffordable mark.

How much groveling should I do in my response to try and get the landlord to agree to another year on the same rent? I've never lived in a place for longer than a year before so forgive the stupid question. I'm a good boy who always pays his rent on time and is never a bother to anyone so it could be justified on top of cutting out the faff.
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>> No. 7727 Anonymous
14th September 2019
Saturday 8:55 pm
7727 spacer
Unless you can point out something the landlord does not already know, then I don't see what difference any grovelling will make.
>> No. 7728 Anonymous
14th September 2019
Saturday 9:30 pm
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>>7726
It's a dance. You say you want to renew, they come back with a mostly reasonable figure and you go from there - it isn't usually a hassle.

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>> No. 7720 Anonymous
2nd September 2019
Monday 7:36 pm
7720 spacer
Assuming similar services and interest is available, is any one bank "safer" than another?

I was discouraged from switching to a co-op current account long ago.
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>> No. 7721 Anonymous
2nd September 2019
Monday 8:44 pm
7721 spacer
As long as your savings are covered by and below the FSCS limit you're pretty much fine whoever you go with.
>> No. 7722 Anonymous
2nd September 2019
Monday 9:04 pm
7722 spacer
>>7721
How do people protect monies over the FSCS limit?
>> No. 7723 Anonymous
2nd September 2019
Monday 9:15 pm
7723 spacer
>>7722
Spread it between multiple FSCS-registered institutions.
>> No. 7724 Anonymous
2nd September 2019
Monday 9:27 pm
7724 spacer
>>7722
Properties.
>> No. 7725 Anonymous
2nd September 2019
Monday 9:32 pm
7725 spacer
I'll hold onto it for you.

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>> No. 7714 Anonymous
24th August 2019
Saturday 3:37 pm
7714 spacer
https://oec.world/en/profile/country/gbr/
I've found this cool website that allows you to explore the economies of various countries, what's traded and with whom, etc.
- https://oec.world/en/profile/country/gbr/

'Product Space' is particularly interesting in that it shows how various industries are linked with other, sometimes suprising, industries. Almost like a roadmap of what's involved with what.
- https://oec.world/en/visualize/network/hs92/export/gbr/all/show/2017/

There's also this leaked document "Operation Yellowhammer", which details the apparent chaos to be faced during the early stages of WWIII. Jesus christ, reading over this makes it apparent just how vulnerable we'll be. I'm beginning to understand why it's taken so long to prepair.
- https://pastebin.com/gwevsbtx

All of this makes me wonder why a country would rely heavily on trade rather than produce a good deal of necessities itself. Maybe something's gone over my head but it seems like we've balanced that tradeoff between savings and security poorly.
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>> No. 7715 Anonymous
24th August 2019
Saturday 6:32 pm
7715 spacer
>All of this makes me wonder why a country would rely heavily on trade rather than produce a good deal of necessities itself. Maybe something's gone over my head but it seems like we've balanced that tradeoff between savings and security poorly.

Comparative advantage. If you as an individual had to be completely self-sufficient, you might just survive, but you'd eke out a very meagre existence. The same principle applies on a national level - it makes a great deal of sense for us to import food from places with lots of land and import manufactured goods from places with a lot of cheap labour, while exporting goods and services that benefit from our highly educated population and highly sophisticated economy.

This kind of trade has historically had a profound stabilising effect on international relations - you're far less likely to fuck with a country if it would disrupt a profitable trading relationship. You treat your customers with a level of courtesy that you wouldn't extend to strangers. Trade sanctions are a very severe but completely bloodless punishment for breaking international law.

Some issues are just inherently international. When Chernobyl blew up, Scottish farmers had to pour their milk down the drain. Back in the 70s, sulphur dioxide emissions from German and Eastern European coal smoke were destroying Scandinavian forests. If you were so inclined, you could really make life difficult for your international neighbours (or vice-versa) without ever declaring war. Trade policy is one of the levers the international community uses to resolve these issues.

Isolationism would definitely make us poorer and it'll probably make us less safe.
>> No. 7716 Anonymous
24th August 2019
Saturday 6:47 pm
7716 spacer
>>7715
All of this.

Comparative advantage on a large scale is what drives international trade, but on a small scale it's why you call in trades rather than fixing every problem you have yourself.

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