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>> 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. 9139 Anonymous
20th January 2022
Thursday 9:13 am
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First off, you need not to lose your head about inflation. It's most likely to be a short, sharp shock due to supply chain issues that should eventually resolve themselves.

Secondly, it depends entirely on the purpose of the money and when it'll be needed. Have you looked into whether you'd be better with a LISA rather than a H2BISA?
>> No. 9140 Anonymous
20th January 2022
Thursday 10:58 pm
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Well the savings are intended as more of an emergency slush fund and/or buffer to cover all the fees and bullshit when I eventually buy property. So I hope to keep them accessible. I'm exaggerating slightly at the inflation, but if I'm honest I'm not entirely convinced it will go back to normal any time soon, we live in strange times.

As for the ISA, I took it because it was what everyone recommended at the time, but I have about as much in it as the savings (I've been putting 200 in each every month for the past two and a bit years, more when I can) but they have since gone and changed the terns to give fuck all interest. I just figure that if I've come this far with it, I may as well stick it out to get the maximum bonus at the end.
>> No. 9141 Anonymous
21st January 2022
Friday 8:31 am
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You can put £4k a year into a Lifetime ISA, so you could put the full ~£6k into one either side of the end of the tax year.

The H2BISA has a maximum amount you can contribute of £12k and it has to be used to buy a house by 2030 or you lose the chance to claim the bonus. The LISA can also be used to buy higher value properties outside of London.
>> No. 9142 Anonymous
21st January 2022
Friday 8:53 am
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I should be reaching the limit by some time in 2024, and ha, London. No, I'm up North, which is the reason I have all this savings despite being a below average earning peasant.

But that's also why I feel protective over this money, because unlike for some people, if unavoidable economic misfortune wipes my meagre worth out, I won't be able to make it back in a hurry.

Secondary question, I can't be arsed to search for the threads about home ownership. How much of a decent idea is it to buy a council flat, if you live in one, hypothetically speaking?

Let's say I do live in one, my some miracle of fate, and the right to buy still exists (does it?), then I plan on finding myself a well off bird with a degree to move into a house with, and then I can rent the flat to students at inflated rates and become everything I once hated (except it's morally okay because fuck students).
>> No. 9143 Anonymous
21st January 2022
Friday 8:30 pm
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>All of the purveyors of NFTs know exactly what they're doing.

I don't know about that. Apparently NFT makers getting mad about people using right-click is a thing.

>> 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. 9130 Anonymous
19th January 2022
Wednesday 4:38 pm
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I am not a financial advisor and none of these are particularly profitable but I earn a bit extra through:

Investing - About 500-700 quid a year from my stocks and shares ISA

Staking Crypto - I get a couple of quid every now and then and it requires zero effort. I'd buy more of the crypto and stake it for bigger returns but it's too volatile.

Things like you mentioned, surveys and Google Opinion Rewards.
>> No. 9136 Anonymous
20th January 2022
Thursday 7:56 am
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Matched betting can net you a few hundred mostly as a one-off - Odds Monkey was an alright little tool to use when I tried it a few years back and I think they have a functional free account.

Also 'Free Spins' on the online slot machines. I know people who have made money on these but the things are black magic to me.

>> 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. 9047 Anonymous
15th December 2021
Wednesday 6:43 pm
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Elderly people taking up a sport where you routinely fall from a height or swing into a hard surface, what could go wrong?
>> No. 9083 Anonymous
7th January 2022
Friday 10:47 am
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I've got about £45k in a couple of old workplace pension schemes. How do I figure out the best place to move them?

I've tried using the Monevator broker comparison to look at flat fee providers, but I'm finding it hard to follow.

>> No. 9084 Anonymous
7th January 2022
Friday 12:55 pm
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Look at AJ Bell and Hargreaves Landsdowne.

I use HL - their mobile app is fine, their desktop site is fucking awful. Lots of people like AJ Bell. This presumes of course, that you're looking to move them into a SIPP and manage it yourself?

I think Freetrade have a SIPP now too? Got the app but never actually used them.
>> No. 9085 Anonymous
7th January 2022
Friday 2:55 pm
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>This presumes of course, that you're looking to move them into a SIPP and manage it yourself?

Yeah, I'm going to invest about half sensibly and use the other half for taking punts.
>> No. 9105 Anonymous
13th January 2022
Thursday 12:02 am
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An extremely good strategy - thats exactly what I do, and I easily make 14% - 18% per year. If any of my punts comes off, it'll be a lot higher.

>> No. 9086 Anonymous
8th January 2022
Saturday 10:48 am
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The /r/UKPersonalFinance flowchart seems extremely conservative, and doesn't provide much reasoning behind each step.

Are there alternative charts for people who are willing to take on more risk?

Alternatively, can anyone weigh in with their thoughts on why the steps occur in the order they do here?
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>> No. 9100 Anonymous
9th January 2022
Sunday 4:12 pm
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I used to have a LISA. Then I bought my first home in London and realised the house has to be less than £500k to get the bonus, which pissed me right off.
>> No. 9101 Anonymous
9th January 2022
Sunday 4:15 pm
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Stop it, I'm tearing up.
>> No. 9102 Anonymous
9th January 2022
Sunday 7:00 pm
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>I used to have a LISA.

So did I. She had the most alluring kind of petit figure, barely scraping five feet and flat chested, but deeply feminine with an arse that could crack walnuts. She had this mischievous grin and a filthy sense of humour that just melted me at a glance. I took her virginity, she took mine. We had the most disgustingly cute nicknames for each other. But it was not to be. She changed. I changed. We grew apart. It couldn't last.

Different kind of Lisa, I know, but sigh
>> No. 9103 Anonymous
9th January 2022
Sunday 8:36 pm
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I think I read about this online. Is your name Bart?
>> No. 9104 Anonymous
9th January 2022
Sunday 8:39 pm
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Not quite.

>> No. 9017 Anonymous
6th December 2021
Monday 6:33 pm
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So I've got burned buying Tesla stock for $1,180. It was briefly down to $950 today.

When I bought the shares in early November, there was a lot of euphoria, with predicted near-term price targets of up to $1,500, but now suddenly, everybody says it's way overpriced, even at $1,000. And not only is Elongated Muskrat dumping ten percent of his shares, but institutional investors seem to be shunning Tesla as well.

Will my investment still appreciate, or am I screwed for good? Some analysts have now set price targets at less than half the stock's current value.
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>> No. 9035 Anonymous
9th December 2021
Thursday 8:49 pm
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Why did we stop trying to do hydrogen cars? Aren't they much, much better than fossil or EV?
>> No. 9036 Anonymous
9th December 2021
Thursday 9:11 pm
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No, because most hydrogen production isn't particularly green.
>> No. 9037 Anonymous
9th December 2021
Thursday 9:22 pm
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Hydrogen was never all that promising, but the oil companies got behind it because it'd give them something to sell. In theory you can produce zero-carbon hydrogen through splitting water, but it's far easier to extract it from natural gas.

Toyota will sell you a hydrogen-powered car right now, but it's not a particularly attractive option. The base model costs £50k, most of the boot is taken up by the hydrogen tank, hydrogen is more expensive than petrol and there are a lot more fast-chargers than hydrogen fuel stations. Unless there's a massive breakthrough in hydrogen production, it's basically the worst of all worlds.

>> No. 9038 Anonymous
9th December 2021
Thursday 9:23 pm
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And hydrogen is a shit fuel, it's not dense, so you need a lot of tank volume at pressures that are high enough to be really tricky engineering - heavy and expensive, even compared to batteries. It also embrittles metals it touches, which is inconvenient -even heavier and more expensive. You can store it in liquid form, which is even heavier and more expensive and your tank boils dry in a week or so.
It may, some day, be possible to sore it adsorbed onto a matrix of something and pull it off when you need it, but not (usefully) yet.
Sensible people glom the hydrogen onto some carbon, when it becomes manageable, dense, easy to store, easy to burn, an interchangeable with other hydrocarbons.
Hydrogen marginally makes sense if you're NASA launching cost-no-object shuttles or the most performant deep space missions, but it's so annoying that, despite the lesser performance, far more rockets use methane or almost-diesel as fuels.
Anyone evangelising hydrogen is either shilling for big oil or just ill informed.
>> No. 9039 Anonymous
10th December 2021
Friday 7:14 pm
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I always admired BMW's attempts to develop a mass compatible hydrogen combustion engine. The project has since been discontinued, but for a while, it looked like hydrogen combustion was a feasible alternative to petrol or diesel.

They did run into many problems, e.g. they had to redesign the air intake and injection system, and another problem was that hydrogen is much more flammable than petrol, but at the same time, igniting hydrogen displaces less volume, i.e. like-for-like in terms of thermal units, your bang from hydrogen is smaller than that from standard petrol. They were able to solve that problem with variable valve timing, but also, the piston rings had to be designed to fit more tightly, because H2 molecules are much smaller than the constituents of petrol, so the hydrogen tended to escape past the pistons into the crankcase, where it would accumulate and could then blow up the entire engine.

Also, there were environmental concerns, because in order to produce enough molecular hydrogen, you have to expend many times more energy than the energy content of your hydrogen. Switching to H2 as a main energy carrier for future cars would therefore not have solved our energy crisis, especially considering that in many parts of the world, the electricity that is needed to separate hydrogen from water through electrolysis is often still derived from burning fossil fuels.

>> No. 8958 Anonymous
15th September 2021
Wednesday 7:25 pm
8958 Small loan
I just switched to a new job, I am working from home at the moment but that would change soon. I am in dire need of moving, I have found a good house but I will have to pay 1.700 pounds for the deposit and everything else by the end of this week. At the moment I have 100 pounds in my account.
I will be paid my wage (2100 net pounds) on day 23th. What's the best way to cover for the short term need of cash? I will get the deposit back for my current house, but not before mid November.

Should I apply for a big overdraft with HSBC? Will they accept? I had an account with them since 2011 and I never had any problem, but I never asked for loans or overdrafts. In case they say "no", what options do I have? My credit score is about 975.

Thanks guys.
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>> No. 8959 Anonymous
15th September 2021
Wednesday 7:28 pm
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Ask for an advance on your salary.
>> No. 8960 Anonymous
15th September 2021
Wednesday 7:37 pm
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>My credit score is about 975.

You'll easily get an overdraft.
>> No. 8961 Anonymous
15th September 2021
Wednesday 7:53 pm
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You will get an overdraft. If you don't, you'll still almost certainly score a 0% interest (for a limited time only!) credit card to get you by.
>> No. 8962 Anonymous
15th September 2021
Wednesday 8:28 pm
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Thanks for the good suggestions

>> 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. 8938 Anonymous
1st September 2021
Wednesday 12:19 am
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>I have been informed that getting multiple mortgages in principle is a bad idea; it fucks your credit rating right up.

Depends on the detail the perform. Most will advertise the fact they don't do a credit check and just do what amounts to some fag-packet maths on what you give them for income and expenditure etc. you can always ask first if unsure but I know Barclays offers a 10 minute response.

Mortgages in principle aren't binding, can be extended and it's based on you so if you have an offer of x amount you can use it for browsing elsewhere.

>I'm the invisible man and have only ever made one credit card purchase ever and the only regular payments I make are a £15 phone contract, so that could count against me and it's making me worried

Banking-lad may have some insights but honestly this stuff is black magic if you ask me. It might be worth opting for a more detailed check anyway just to know for sure before you make any offers on a house. At any rate for future reference:

1. You can use your credit card online you' know, just set it to pay off every month to dodge interest.
2. There's a do-dad you can do with your landlord where the rent you pay is recorded. Google it.
3. £15 is well expensive.

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>> No. 8939 Anonymous
1st September 2021
Wednesday 12:26 am
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I assume that when you sell a house, you sign an agreement that if the house sells at all, the estate agent gets the commission. But then some houses are being sold by multiple estate agents. In any case, this particular house has nobody living in it; it was rented out previously and the tenants have moved out so the landlord, landlady, landfamily, whatever, are selling it.
>> No. 8940 Anonymous
1st September 2021
Wednesday 1:04 am
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Thank you so much for your assistance so far. I found something on MoneySavingExpert which might be a good mortgage for me (no initial fees, available from a bank that's near the house I want, costs about the same as all the others from what I can tell) and it performs a "soft credit check", which seems to be a credit check that totally counts, but is invisible and therefore doesn't count. If I trusted banks at all, I might be able to infer more information, but alas they are rattlesnakes so I'm left to my own devices.

>Have you ever known someone working sales who wasn't a thick twat?
There are plenty of people, including myself when I was younger, who are just shit at finding a proper job and wind up doing these things temporarily. But this estate agent, which is called [Company Name] Homes, replied to my email and didn't sign it with a name, and even wrote "[Company Name] Hoes" instead, like they deal in prostitutes or garden tools. I laughed for hours before remembering I need them for probably the most important transaction of my life.
>> No. 8941 Anonymous
1st September 2021
Wednesday 1:34 am
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I've just applied for a mortgage in principle aaaaaaaagghhhhhh

My strategy was to get this sorted tonight and then reply to the email and hopefully get in before anyone else offers the actual advertised price. TSB said they'd do it in 20 minutes. I blazed through it, handed over all my details so they can check me and wonder if I'm an undercover spy from Turkmenistan with no dependents or other loans, and the very last page said, "Thank you; one of our friendly agents will contact you within 48 hours."

Now I'm really wondering if it was the brilliant idea I thought it was to smash a triple measure of neat gin before I started this.
>> No. 8942 Anonymous
1st September 2021
Wednesday 12:34 pm
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The most surprising part of this post is that anyone on .gs measures their gin. Good luck with the mortgage, potentialhomeownerlad.

>> No. 8927 Anonymous
1st August 2021
Sunday 10:31 am
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It seems we don't have a maths board.

I was the one that made the post in the /job/ thread and I'm getting a bit obsessed with that stupid 20 minute "test", because I strongly suspect I've come to the wrong answer (which seems ludicrously low) but can't pinpoint how. The job application obviously matters quite a lot to me, otherwise I wouldn't ask.

Rentry is just an alternative to Pastebin.

Question: https://rentry.co/pxka3
My attempted answer: https://rentry.co/inhd9

Can anyone tell me whether (and if so, how) I've fucked this?
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>> No. 8928 Anonymous
1st August 2021
Sunday 11:16 am
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Ok well I've never done ROI calculations before, so I'm not sure how to make use of the chance of success.

My back of large A4 fagpacket calculations initially focused on a baseline social cost without the grant for that three year period vs social cost with the vaccine. But I realised you can just jump straight to the jugular of social cost savings, something like this:


No idea if that's right. See if anyone else chimes in with same answer.
You started OK, but I have no idea what this 0.9 business is on your third step.
>> No. 8929 Anonymous
1st August 2021
Sunday 11:32 am
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God, I'm a thicko. I was reading the DALY figure in the question as "DALYs lost as across the whole population per year", i.e. 1 DALY lost for an entire year of new cases, but it's 1 DALY lost for every new case. No wonder I was off by orders of magnitude.

Thanks, mate. I'll give this another stab from start to finish.
>> No. 8930 Anonymous
2nd August 2021
Monday 7:20 pm
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I took another crack and came to the same answer: https://rentry.co/gwysq

I can't think of another way I could be calculating this. For a while I was "umming" and "aahing" about what "success" means for the grant i.e. success of the application or success of the grant working? But I realised it's probably the latter.

1 DALY per case, not per year, puts us at 270B and the chance of working then cuts us down to a more reasonable figure.

>> No. 8925 Anonymous
24th July 2021
Saturday 9:22 pm
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What's the best hedge against a global recession or a decade of stagflation following covid, outside of the property that we can't afford or REITs?

I'm hatching an idea that it might be investments in transportation infrastructure to address supply bottlenecks - China being capable of mass producing the low-end consumer goods that will keep people spending even as prices rise (aside from cars that are fucked). My other idea might be the space sector as an area of new economic growth using something like SSIT to balance out declines elsewhere.
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>> No. 8926 Anonymous
24th July 2021
Saturday 9:52 pm
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Hard drugs.

>> No. 8909 Anonymous
10th July 2021
Saturday 5:52 pm
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If I wanted to artificially create a penny shortage in the UK, how much money would I need?

I'm not sure if you would need more than a few years of savings, just pop into the bank and ask if they can give you £30k in 1p coins. Presumably they would have to honour it and in doing so leave you hording a significant amount of the local if not national supply. Then I could sell packs of 9 for 10p to retailers desperate for change.
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>> No. 8920 Anonymous
11th July 2021
Sunday 10:01 am
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As a Scot in England with a wallet full of Clydsedale Banknotes I am aghast.
>> No. 8921 Anonymous
11th July 2021
Sunday 3:42 pm
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A Clydesdale fiver once thwarted my plans to buy a snack at Man Picc without having to deal with people. The automated till spat one out and I had to go to a staffed checkout to change it for real money.
>> No. 8922 Anonymous
11th July 2021
Sunday 3:46 pm
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"What do you mean you don't take £50 notes? It's legal tender, you have to!"
>> No. 8923 Anonymous
12th July 2021
Monday 12:38 am
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I hate places that don't take £50s because it drives a vicious circle reducing the number in circulation and making it more likely those one does encounter are counterfeit.
>> No. 8924 Anonymous
12th July 2021
Monday 2:04 am
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It's a shame that the ECB withdrew the 500 euro note, which always struck me as hilariously bonkers.

>> No. 8631 Anonymous
6th April 2021
Tuesday 11:22 am
8631 How do people become wealthy?
I think I have a substantial gap in my knowledge that exists somewhere between personal finance and economics. Let me explain:

On the one side, there's literature on personal wealth, which ranges from "think yourself rich"-type snake oil to the lowest common denominator investment and savings advice. The better books here tend to be conservative and with a focus on basic financial stability and building "nest eggs" more than any analysis of how people actually accrue greater levels of wealth.

On the other side, I regularly read big-picture economic studies offering useful but still fairly broad observations like:
- the majority of wealth in the world is inherited
- people we think of as highly successful entrepreneurs often benefit indirectly from tremendous government (public) investment, either at the earlier, riskier stages of development or later when technologies are pushed to private markets
- social and cultural capital are important factors in accumulating wealth, and your class background can impact your earnings throughout your life even if you go to similar universities and work in similar industries
- certain countries are better settings for general social mobility and equality, but not necessarily becoming highly wealthy

What seems to be missing here is: how do the "socially mobile" become wealthy without large inheritances? What industries do they work in? Do they find a niche and start businesses? What sacrifices do they make to get there, and what did they have upon starting? How much must people rely on "angel investors" and already wealthy people? How far up the economic ladder can someone realistically expect to scale from a particular background, like say, a traditional working class family?

I feel like this is a difficult topic to properly look into because a) it draws attention to inequality and lack of meritocratic rewards, b) drawing attention to a niche would either immediately devalue it or it has already been capitalised on, c) research tends towards extremes of either social mobility as a whole or the case studies of the ultra-wealthy, and d) social mobility is generally on the decline, and there are fewer examples to study.

So where do I go for this, .gs? Where are the economic studies of how people from ordinary backgrounds make their wealth?
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>> No. 8865 Anonymous
15th June 2021
Tuesday 12:03 am
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>They'd do it at home for free if they could, and that's why they're good enough at it to get paid more than we do.
You've got a rosy worldview. How are you managing to avoid working, or even hearing people whinge about jobs with cronyism or lazy and incompetent management?
>> No. 8866 Anonymous
15th June 2021
Tuesday 12:18 am
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I distinctly remember watching some video of some quality control people on an assembly line in the 70s or 80s testing electronics and thinking that if they had the radio on it would be my ideal job: boring, predictable, rote actions (plug it in, if it loads then box it, if it doesn't then chuck it) that you could do while daydreaming away to yourself. Unfortunately jobs like that no longer seem to exist (insofar as they ever did), so you're stuck with stuff that demands a much higher level of engagement and awareness, making it much more difficult to just compartmentalise away work and then come home to live your life.

Something like that seems much preferable to me (as a would be "creative" type) than the very popular idea of making your job your hobby. I've never liked that, since it would seem to logically follow that the opposite is also true: your hobby is now work. You can't take a break from it for a while and do something else, you can't pursue your own interests on a whim, you can't compartmentalise it as an escape from the bills and boredom of daily life. When you can't be bothered anymore, you're not just sick of work, you're sick of something you once loved.
Especially in the internet age, where you can make a living by streaming, or doing art, or whatever. You wind up piling on extra problems: You have to create for an audience and for an algorithm, rather than purely for yourself, and people who make a full time job out of their hobby can wind up crowding out those who're only in it for fun since they can afford higher production values, pushing everything in a more homogeneous direction as a result, discouraging people from taking a go at things themselves when they could just get a job and then pay someone else to do it on their behalf.
I suppose what I'm saying is: bring back the work-life balance and tedious manufacturing jobs. A very original and no-doubt unpopular proposal, but not one that's likely to make anybody rich.
>> No. 8867 Anonymous
15th June 2021
Tuesday 12:46 am
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I'm a very important highly educated science person at the forefront of the covid response but the reality of my job is very much like that. Pipette this here, pipette that there, put that tube in that rack and that one in that rack. And that's hands on as far as lab work is concerned these days.

Re: the broader gist of the thread, or at least, the direction the OP wants it to go in:

I think you are missing the wood for the trees a bit here. You are asking how exactly people go about acheiving their fortune, but the point is when so many people are telling you it's all pretty much up to the cold, unfeeling personified concept of entirely random chance (or quantum determinism or whatever hair splitting rationale you subscribe to) is that there is no single, reliable way. A lot of different people just got extremely lucky because of the way entropy as a concept affects economic systems and game theory and all that high level wank.

The point is there's really no way to intentionally break into the realms of the Elon Musks or the Jeff Benzos. You can do pretty well for yourself if you put your head down and study and you know the right places to go to do it and you know the right places to go after that. But you're not going to make your genetic line into aristocracy by concious effort, and that's basically the end of it.
>> No. 8868 Anonymous
15th June 2021
Tuesday 1:20 am
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They don't like the office politics, but they like the actual job responsibilities. If they were doing the job for free at home, like I mentioned, there would be far less politics. Checkmate, atheists.
>> No. 8869 Anonymous
15th June 2021
Tuesday 12:56 pm
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>Unfortunately jobs like that no longer seem to exist

Search Universal Jobmatch for "production operative" or "manufacturing operative". Everyone's desperate for staff because the Bulgmanians have gone home and the natives would rather sign on.

>> No. 8769 Anonymous
25th May 2021
Tuesday 5:35 pm
8769 China National Deficit
The Chinese national deficit worth around $500-billion when a more appropriate tally would be $2-trillion annually, or 7x $2-trillion adjusted for 4% inflation. Someone tell China to crank up the printing presses because their deviation from the international fiscal median is excessively more conservative than necessary.

This suggestion may be to quadruple the national PBOC guided deficit but it in total it is merely either a aggregate tax cut of 10% or 10% increase in national government expenditures.
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>> No. 8770 Anonymous
25th May 2021
Tuesday 5:36 pm
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I'm sure by 7x $2-trillion means conversion rate from us dollar to yuan.
>> No. 8771 Anonymous
25th May 2021
Tuesday 5:38 pm
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Send this to Xi Jumping, they need to complete more government projects.
>> No. 8772 Anonymous
25th May 2021
Tuesday 5:42 pm
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Actually, a more exact estimate of what the total national Chinese budget deficit should be is closer to 9-trillion Yuan or something around $1.2-trillion.
>> No. 8777 Anonymous
26th May 2021
Wednesday 11:59 pm
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Who do you think they owe the money to?
>> No. 8858 Anonymous
14th June 2021
Monday 1:45 pm
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>>8777chairman mao

>> No. 8707 Anonymous
11th April 2021
Sunday 1:40 pm
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What are reasonable investments outside of your usual stocks and shares, collective funds and buy-to-let?

I've been told that buying a row of garages can be a nice little earner.
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>> No. 8711 Anonymous
11th April 2021
Sunday 9:26 pm
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I've toyed with the idea of buying a holiday home, but one on a dedicated holiday park rather than buying up a potential home in a touristy location.



Obviously you'd have to give the holiday park their cut and buy into the likes of their cleaning services, but you'd be getting about a grand a week during the summer holidays.
>> No. 8713 Anonymous
12th April 2021
Monday 1:57 am
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Rental yield on BTL is fucking terrible, the reason it continues to get people doing it is because every wanker on this island dreams of having a property empire.
>> No. 8714 Anonymous
12th April 2021
Monday 7:27 am
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>outside of... funds

>outside of... buy-to-let

Fucking hell, lads. It wasn't exactly a long OP.
>> No. 8843 Anonymous
8th June 2021
Tuesday 12:37 pm
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Is commercial property a good idea? I wouldn't want to be a proper residential landlord but I wouldn't mind owning a high street unit with a flat above it, like this:

>> No. 8844 Anonymous
8th June 2021
Tuesday 1:06 pm
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Like what?

>> No. 8829 Anonymous
5th June 2021
Saturday 12:43 pm
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>A group of the world's richest nations reached a landmark deal on Saturday to close cross-border tax loopholes used by some of the world's biggest companies.

>The Group of Seven said it would back a minimum global corporation tax rate of at least 15%, and put in place measures to ensure taxes were paid in the countries where businesses operate. "After years of discussion, G7 finance ministers have reached a historic agreement to reform the global tax system to make it fit for the global digital age," British finance minister Rishi Sunak told reporters.

>The accord, which could form the basis of a global pact next month, is aimed at ending a decades-long "race to the bottom" in which countries have competed to attract corporate giants with ultra-low tax rates and exemptions. That has in turn cost their public coffers hundreds of billions of dollars - a shortfall they now need to recoup all the more urgently to pay for the huge cost of propping up economies ravaged by the coronavirus crisis.

>Ministers met face-to-face in London for the first time since the start of the COVID-19 pandemic. According to a copy of the final agreement seen by Reuters, the G7 ministers said they would "commit to a global minimum tax of at least 15% on a country by country basis". "We commit to reaching an equitable solution on the allocation of taxing rights, with market countries awarded taxing rights on at least 20% of profit exceeding a 10% margin for the largest and most profitable multinational enterprises," the text added.

>The ministers also agreed to move towards making companies declare their environmental impact in a more standard way so investors can decided more easily whether to fund them, a key goal for Britain. Rich nations have struggled for years to agree a way to raise more revenue from large multinationals such as Google, Amazon and Facebook, which often book profits in jurisdictions where they pay little or no tax. U.S. President Joe Biden's administration gave the stalled talks fresh impetus by proposing a minimum global corporation tax rate of 15%, above the level in countries such as Ireland but below the lowest level in the G7.


Well there goes the Irish economy.
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>> No. 8838 Anonymous
5th June 2021
Saturday 5:21 pm
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But how will this be bad for the Irish economy? Ireland isn't in the G7. Neither is Luxembourg. I don't see the flag of Liechtenstein in your picture either, and I doubt any of those people are the finance minister for the Cayman Islands. Tax havens, for now at least, will be entirely unaffected.
>> No. 8841 Anonymous
5th June 2021
Saturday 5:47 pm
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The G7 has the heft to direct what happens in the global economy and particularly when rest of the G20 get on board with it. That's why it meets.

If the G7 creates a system to ensure that 20% is paid in the market then the advantages offered to service multinationals in locating in tax havens disappears. Specifically the likes of Big Tech.
>> No. 8842 Anonymous
6th June 2021
Sunday 4:26 pm
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Oh dear, how sad, never mind.

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