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>> 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:

https://rentry.co/cfe43

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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>>8928

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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>>8928

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.

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>> 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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>>8918

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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>>8920
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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>>8922
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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>>8923

It's a shame that the ECB withdrew the 500 euro note, which always struck me as hilariously bonkers.

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>> 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. 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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>>8866

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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>>8865
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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>>8866

>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. 9540 Anonymous
12th September 2022
Monday 2:38 pm
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I'm still on the lookout for research on this subject and chanced (heh) upon this article from a bunch of MIT maths wonks: https://arxiv.org/abs/1802.07068

It's an extremely simply model (albeit presented in a complex way), but it corroborates what some other literature on income distribution, and also seems to add some weight to what you lads have said abotu the importance of pure chance as a factor in success.

I have my own criticisms of the paper, of course, and don't think you can read too much into a "toy model", as they call it. The model very deliberately does not try to model more complicated things like monopolisation of resources, class dynamics, intergenerational transfer of wealth like inheritance, and so on. That being said, I can only imagine that the main effect of the things I've listed would be to reinforce the effects of luck as an explanatory factor for the variance.

I'd welcome thoughts on this, as maybe some of you are better at imagining how an abstract model might be of relevance to the complexities of the real world.

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>> 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

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>> 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.

https://www.rightmove.co.uk/properties/94485452#/

https://www.rightmove.co.uk/properties/103769594#/

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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>>8710
>outside of... funds

>>8713
>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:

https://www.rightmove.co.uk/commercial-property-for-sale/property-80052830.html
>> No. 8844 Anonymous
8th June 2021
Tuesday 1:06 pm
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>>8843
Like what?

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>> 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.

https://www.reuters.com/business/g7-nations-near-historic-deal-taxing-multinationals-2021-06-05/

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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>>8838
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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>>8841
Oh dear, how sad, never mind.

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>> No. 8814 Anonymous
2nd June 2021
Wednesday 8:15 pm
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Mods are asleep, post budgets. Don't forget to comment on budgets and suggest budgetary improvements.

Some explainers for mine:
-Savings go off budget.
-I budget an £800~ fund for 'circumstances' i.e. odd unexpected costs.
-10% of my budget is for dating but in reality, I get two takeaways and then the rest goes into savings.
-Christmas seems excessive but I'm putting £100 because it's a round number I can put into an investment fund.

I don't really take holidays because I'm saving for a home but if I'm visiting my parents then I'll just raid my dating budget. I'll probably start letting it accrue soon rather than it going into savings so I can see the world/mates or so otherwise be ready for the massive amounts of money relationships can drain.
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>> No. 8835 Anonymous
5th June 2021
Saturday 4:24 pm
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>>8834
I do wonder if there's some formula for working this out in terms of pension contributions v. return on investment. It's probably exists but I'm stupid and lazy.

The tax savings would be the main benefit in salary sacrifice but the opportunity cost and time preference etc. seems pretty steep along with locking you into a particular retirement where taking it early can carry some outrageous costs. We're all going to take early retirement in some form and likely won't be making large contributions near the end once we have to work part-time, a significant sum of money for your 60s therefore seems like a rational thing to hold. I'm not working at 75 no matter what robotic exoskeleton you give me, society can get fucked.
>> No. 8836 Anonymous
5th June 2021
Saturday 4:48 pm
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>>8835

>locking you into a particular retirement where taking it early can carry some outrageous costs

You can start taking out money from the age of 55 without penalty and with a reasonable amount of flexibility.

If you don't yet own a home, maxing out your Lifetime ISA allowance is a complete no-brainer.

https://www.gov.uk/personal-pensions-your-rights/how-you-can-take-pension

https://www.gov.uk/lifetime-isa
>> No. 8837 Anonymous
5th June 2021
Saturday 5:05 pm
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>>8831
Honestly, if I was taking home £4600 a month after tax, I'd probably put a lot of it into my pension too. It's a fucking shitton.
>> No. 8839 Anonymous
5th June 2021
Saturday 5:38 pm
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>>8836
Depends on your workplace pension. I'm on a defined-benefit so my pension has a 5% reduction on every year I take below state pension age.

>If you don't yet own a home, maxing out your Lifetime ISA allowance is a complete no-brainer.

Yes, we all do this but really that 1k bonus is a drop in the ocean. I would reservations if it's the entirety of your pension plan.
>> No. 8840 Anonymous
5th June 2021
Saturday 5:39 pm
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>>8835
Let's say you have £10,000 spare to invest. If you put it in an ISA then that's £10,000. If you put that into a pension then basic rate tax relief will gross that up to £12,500 and if you're a higher rate taxpayer you can claim a tax refund of a further £2,500 to make the net cost to you £7,500.

If we assume no growth and you took it out the following tax year then with the ISA you'd get your £10,000 back. With the pension if we assume it was 25% tax-free and 75% at a marginal rate of 20% then you'd receive £10,625 back so that's an immediate net uplift of 6.25% for the basic rate taxpayer and for the higher rate taxpayer a whopping 41.67%. Most higher rate taxpayers are basic rate taxpayers in retirement and many also have their personal allowance to take advantage of as well.

Let's say you leave it and it grows by 10%. The £10,000 in the ISA grows by £1,000 to £11,000. The £12,500 in the pension grows by £1,250 to £13,750. You've achieved further growth of £250 just by choosing a pension over the ISA; again if we assume 25% tax-free and 75% at basic rate tax then that £250 additional growth becomes being £212.50 net better off. You can see how this could add up over the years.

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>> No. 8778 Anonymous
27th May 2021
Thursday 3:46 am
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One mark to rule them all, one mark to bind them, one mark to being them all and in the darkness bind them.

A mark to unite the saboteurs, a mark to own them with debt, to own them by owning it and depending on it to own anything.
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>> No. 8780 Anonymous
27th May 2021
Thursday 3:37 pm
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I want my gold thanks.
>> No. 8781 Anonymous
27th May 2021
Thursday 3:47 pm
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>>8780

I have to say, UK bank notes are really beautifully designed.

US dollars look like prop money from a Wild West film.
>> No. 8782 Anonymous
27th May 2021
Thursday 3:54 pm
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>>8781
The yellow 100 with random photoshop styles as an overlay is particularly ugly.
>> No. 8783 Anonymous
27th May 2021
Thursday 4:42 pm
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>>8782
It really is hideous, it's like they opened paint and just took the eraser to the old design. I just don't get it.
>> No. 8808 Anonymous
28th May 2021
Friday 6:01 pm
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>>8783
It is supposed to look like ancient evil dead inscriptions to give it that official flavor.

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>> No. 8784 Anonymous
27th May 2021
Thursday 6:01 pm
8784 Recovery Stocks
I'm feeling guilty about taking the piss out of Cineworld - particularly as their parallel meme stock, AMC is booming today.

What shall we invest in for the recovery ladm9s?
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>> No. 8786 Anonymous
27th May 2021
Thursday 6:56 pm
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>>8785
Do you know what, I think those are fantastic choices.

Surprised Greggs isn't in the OP list.
>> No. 8787 Anonymous
27th May 2021
Thursday 7:04 pm
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Airlines - no, really. Jet2, Ryanair, probably TUI.

Hospitality suppliers, though I don't know who is floated and who isn't.

Craft beer companies. Nobody drinks craft beer without anyone to see them do it.
>> No. 8788 Anonymous
27th May 2021
Thursday 7:32 pm
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>>8787
Of all the airlines out there, Jet2 are the one that stick out for me and I don't know why. Tell me why you think they're good, please?
>> No. 8789 Anonymous
27th May 2021
Thursday 7:53 pm
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National Express, Wetherspoons, Kier Group, John Wood Group.

The share price of Drax has rocketed since the sharp fall from last year. I don't know if there's any other power generation companies that may be worth looking at now.
>> No. 8790 Anonymous
27th May 2021
Thursday 8:02 pm
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>>8788

They are the only UK airline identified by the CAA to have refunded all of their customers money during the pandemic without significant delay, and indeed are one of the only UK airlines with the means and reserve funds to actually refund all customers without dipping into other customer deposits like other airlines have been doing. That alone has generated a huge amount of good faith for customers and potential customers - I'm willing to bet the reason Jet2 sticks out to you is because you've seen or heard people talking about how well they've been treated by them, customer service wise.

They are the only airline that chose to postpone any operation until the 23rd of June, the date at which the government said flying was "definitely" ok. They're genuinely out to create a good experience for the customer, to the extent of them rather losing a month or two of revenue if it meant not risking having to cancel peoples holidays on extremely short notice. And people remember that sort of thing, I think they have earned a LOT of customer loyalty from the way they have handled things, in contrast to other airlines. Can you imagine any other airline that actually puts the customer first as a legitimate business model? BA tries to, but for what they charge it's mostly a facade.

On top of that they're just an airline with huge potential, running parallel but separate airline and package holiday businesses means there's built in risk aversion, plus plenty of opportunity to upsell.

They also own all their own planes - throughout the pandemic they have been able to sit and happily pay ground fees and basically not much else, whereas everyone else owes banks a fuckload of money for wet and dry lease planes on top of that. If they didn't already have money in the coffers they have more than three billion in assets. They also used to be Dart Group which included the haulage firm Fowler Welch, but the sale of that has basically paid for the losses incurred in the pandemic.

All in all they're an airline that bends over backwards to be a Nice Experience, and the contrast between that and being herded onto a Ryanair I think is something that passengers notice.

I'm not saying Jet2 stock will make you a millionaire anytime soon, but I don't see how it's not going to go up once they've got passengers again.

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>> No. 8760 Anonymous
11th May 2021
Tuesday 10:20 am
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After expressing a general interest in markets and trading, i was reccomended Apiaryfund & The5ers as risk free funds that teach the basics of FOREX trading before offering you the chance to trade on their behalf.

The first, Apiaryfund, seem very susicious in that it's expensive training program revolves round gaining 'experience points', some of the requirements for which include posting on the community forum, making numerous orders per level and i suspect inviting new members to the program. It reeks of Pyramid/MLM, whereby the system generates low quality market orders for the higher level members to exploit (i don't know if it actually works like that) - they apparently have organised trading sessions where they all do it together.

The second, The5ers I'm losing energy to bother delving into. Though a third of the team is involved in socialnetworking and search engine optimisation, making me think training-customers are a larger part of their business plan than trading profits.

Perhaps i'm cynical - it just feels like unless you know what you're doing, most of the prospective 'traders' will fail to meet the requirements for funding thus lose the value they invested in training.

Does anyone have experience getting into this sort of thing as an interested newbie?
Beyond the obvious "Don't invest what you can't afford to lose", how trade??

https://apiaryfund.com/about/[/spoiler]
https://the5ers.com/about-the5ers/[/spoiler]
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>> No. 8761 Anonymous
11th May 2021
Tuesday 10:34 am
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I think I recall there's an Economics Explained video that goes into this. He has a couple of blind spots on certain subjects but does a good job explaining the theory behind most things.

The gist of what I remember is you were pretty much right that it has a bit in common with MLM type stuff, but the reason it works as a market is because currency is an inherently valuable thing in its own right. There's no reason to be the one proverbially left holding the ball when the music stops, because the music will never stop.

Contrast that with crypto, in which it's only valuable as an investment to ultimately exchange back into money- If everyone wanted to cash out, it'd instantly become worthless, because there'd be nobody to sell it to (because it's not a good investment (because there's nobody buying it (because it's not a good investment (because there's nobody to sell it to (because...))))) You get the point.
>> No. 8762 Anonymous
11th May 2021
Tuesday 10:39 am
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>FOREX trading

On the one hand FOREX is a total mugs game and you're obviously dealing with a scam. On the other, you can't even capitalise 'i' so I'd rather you lose your money.
>> No. 8763 Anonymous
11th May 2021
Tuesday 11:26 am
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>>8762
Didn't we already have a thread on FOREX? Oh here it is. >>/news/21381
>> No. 8764 Anonymous
12th May 2021
Wednesday 12:01 am
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>>8760
>training-customers are a larger part of their business plan than trading profits

This. Anyone I know that has come up with a sure-fire system to work any markets keeps it to themselves; you have to wonder why all these companies are so into the training angle.

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>> No. 8608 Anonymous
22nd March 2021
Monday 7:35 pm
8608 Leaking and Landlords.
What can someone actually demand of a landlord? Or in my case, landlady? There's a quite terrible leak in the bathroom, which, if the showerhead should find itself pointing the wrong way, can induce a torrent of water into the lounge-dining room beneath, but certainly takes in water whenever I have a shower. Now the landlady has suggested the quite insane idea of simply placing a large piece of clear perspex over the back of the shower, so that you can "still see the colour" of the tiling, that colour being genuine 80s avocado, no less, whilst she conveniently forgets the black mould that would spring up behind it, and shortly look like a not-sexy H. R. Geiger drawing. However, even my derranged, broken, barely functional brain knows that a won't do, even though it might well stop the immediate leaking. So is that all she has to do, what someone with a half-rational mind would not call "the bare minimum"? For what it's worth she lives in the way-down bit of the country and I'm in the quite-far-up bit.

I'm not entirely sure if this qualifies as "economics", but it seemed the best fit overall. Further apologies if this is barely sensible, but I'm mad.
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>> No. 8609 Anonymous
22nd March 2021
Monday 7:41 pm
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https://england.shelter.org.uk/housing_advice/repairs/landlord_and_tenant_responsibilities_for_repairs

https://england.shelter.org.uk/housing_advice/repairs/what_to_do_if_your_private_landlord_wont_do_repairs
>> No. 8624 Anonymous
2nd April 2021
Friday 12:37 am
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In the UK your landlord is legally required to give you a safe, functional and working house and pay for ALL the repairs for your house. However there are sketchy landlords who refuse to do this and fulfil their legal requirements.

You can politely ask, but if you apply pressure by insisting angrily or lengthy, or even worse, reporting them to the council which regulates them, your landlord could and most likely will retaliate by giving you a revenge eviction. The government banned no fault evictions in 2019 under Theresa May being in power in an attempt to tackle revenge evictions, but just because it's illegal doesn't stop it from happening.

In the UK an eviction is done via a Section 21 that gives you 6 months notice to leave the property. Given that you have a sketchy landlord who is breaking the law and is a cheapskate, your landlord already lacks morals, so I recommend you don't apply pressure or you'll be given an illegal eviction.
>> No. 8625 Anonymous
2nd April 2021
Friday 12:57 am
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>>8624
To add to this, water damage like this can be incredibly destructive to a building if it occurs long term, never mind the mould problem that would spread to the joists behind the clearly no longer water proof wet cell. So on top of being an irresponsible landlady, they also clearly do not care about the longevity of their investment or sustainability of their asset. Given such behaviour, you can hopefully imagine how little they'll care about you.

whiteline
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>> No. 8551 Anonymous
28th February 2021
Sunday 1:51 pm
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>Six million accidental savers 'created by Covid crisis'

>More than six million people have become "accidental savers" during the pandemic by keeping jobs while facing fewer outgoings, a report has said. While many people have faced greater debts, redundancy, or reduced income during furlough, others have seen their financial position improve. Lower travel costs and fewer holidays or meals out have contributed, financial consultancy LCP found. Longer-term home working could extend the benefits, it suggested.

>Millions of people have seen their finances hit hard by Covid, particularly those already on lower incomes. Pressures of bigger energy and food bills, as well as other costs owing to children remaining at home, and a 20% cut in income while on furlough, have contributed to the squeeze. More than nine million people had to borrow more than they usually would by December, owing to the coronavirus crisis, figures from the Office for National Statistics (ONS) showed.

>However, the LCP report suggests that another six million people have seen their bank balances benefit from fewer outgoings during the restrictions on movement. Many of them could have saved thousands of pounds. Employees who have been able to work from home - often not those in the youngest age groups - have seen commuting and travel costs fall. Those aged over 55 had been most likely to save as a result of holidays being cancelled or not booked, and older people were also most likely to have cut back on eating out, the report said. While some of these issues might only be temporary, the likelihood of a long-term change in the mix of office and home working could see people continue to save on travel costs.

>The report suggested the money saved could be put to good use by cutting existing debts, putting money aside in a rainy day fund for unforeseen emergency bills, or put into longer-term savings pots such as pensions. However, interest rates for savers are low in the current economic climate. Heidi Allan, co-author of the LCP report, said: "Employers will have a key part to play in ensuring that workers take advantage of this opportunity and do not simply allow these increased balances to sit in current accounts and gradually drift away."

>Former pensions minister Steve Webb, a partner at LCP and another author of the report, said: "There are few silver linings from the current crisis, but the emergence of a large group of accidental savers could be one of them. "A concerted effort is needed to use this unexpected opportunity to create more of a savings culture, especially among those who may permanently benefit from reduced outgoings as a result of a switch to greater home working."
https://www.bbc.co.uk/news/business-56210579

How are you handling all the extra money at the end of the month, did you get into investing like everyone else? Have you started using some of the money for other things? Do you have any big plans for your savings?

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>> No. 8569 Anonymous
1st March 2021
Monday 6:34 pm
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>>8568
Only three?
>> No. 8570 Anonymous
2nd March 2021
Tuesday 7:27 am
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>>8551
>Six million accidental savers 'created by Covid crisis
Oy vey, but at what cost? Everyone of those savers is a banker in debt, that money is soaked in the blood of innocent hedge fund managers.
>> No. 8571 Anonymous
2nd March 2021
Tuesday 8:28 am
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>>8570
How is it?
>> No. 8572 Anonymous
2nd March 2021
Tuesday 8:30 am
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>>8570
Did you not go to bed or get up nice and early to be thick on the internet?
>> No. 8573 Anonymous
2nd March 2021
Tuesday 10:18 am
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>>8572
Go to bed lad.

whiteline
>> No. 8485 Anonymous
17th February 2021
Wednesday 11:16 pm
8485 Silver Bullet Housing Policy
Policy Exchange say they've cracked it:

>Many parts of Britain suffer from an acute housing shortage, manifested in enormous gaps between prices and construction costs. Previous schemes aiming to resolve this issue have often failed, because the homeowners who make up two thirds of the British public have generally seen development as placing large burdens on them without any corresponding benefits. We need a scheme that creates more good homes and better places in a way that shares the benefits with existing residents and communities, so they may become enthusiastic advocates of building rather than vigorous opponents. We propose that residents of a street should be able to agree by a high majority on new strict rules for designs to make better use of their plots. A street of suburban bungalows, for example, could agree on the right to create Georgian-style terraces. In many cases, an adopted ‘street plan’ would greatly increase the value of residents’ homes, giving them strong reasons to agree on it.

>These proposals will foster gentle intensification within about half a mile of existing transport and town centres, creating better and greener places with more customers to support struggling local high streets. More people will be able to live in neighbourhoods that pass the ‘pint of milk test’, living in walking distance of somewhere they can buy a pint of milk, along with other essential social infrastructure. Older residents can agree to permit the creation of generously-sized and stair-free new homes that will meet their needs in retirement for decades to come, with supported living options as they age. Our modelling suggests that, even with extensive constraints and extremely conservative assumptions about build cost and aversion to change, this policy could create a further 110,000 homes each year for the next 15 years above current estimates, all with the consent of the existing residents, and none requiring a single inch of greenfield or greenbelt land. On streets that agree to allow typical forms of gentle intensification, the average participating homeowner would make £900,000, while the local authority would get an average of £79,000 for every new property delivered. The boom would mean an extra £34bn spent on construction each year, and it may generate as much as 0.5pp extra annual GDP growth.

>Our proposals include limits on the development rights that streets can allow themselves, designed to minimise impact on neighbouring streets: light plane rules, rules stopping ‘garden grabbing’, rules on height, and rules restricting how much onstreet parking new residents could use. Redevelopment of listed and pre-1918 properties would be prohibited, as would development in National Parks and Areas of Outstanding Natural Beauty. Each scheme will need to ensure that residents who wish to return are rehoused in a high-quality home for the interim period of the construction on the original plot; the large economic potential should make it easy to fund such provision. We suggest reforms to ensure generous provision of social infrastructure, including schools, buses and GP surgeries, so that the needs of any new residents are met without placing pressure on existing communities. We propose Capital Gains Tax (CGT) be levied on the value uplift resulting from a street vote, and its revenues hypothecated to local authorities, as well as Stamp Duty Land Tax (SDLT) being partly redirected, temporarily, also to local authorities.

>Modelling indicates that these measures would generate huge revenues for both local authorities and the Treasury, providing plentiful resources to improve services for the whole community. Revenues would also be hypothecated to the street for regreening and public space improvements. A net-zero whole life carbon condition would be imposed on all redevelopment of homes through street votes. Since existing housing stock is often poorly insulated and normally heated through gas, redeveloping into net-zero homes would constitute a huge improvement in environmental standards. Denser settlement patterns would support a shift away from car dependency. As future governments phase out gas boilers, street votes could provide the funds for existing homeowners to pay the costs of insulating and re-plumbing their homes to adapt them for heat pumps. ?>Unlocking community support for development could arrest the steep fall in homeownership among younger generations. It could yield beautiful and popular streets in the best traditions of British urbanism. It could relieve pressure on greenbelts for a generation to come. And it could generate an economic boom built on outdoor jobs that would reinvigorate the economy after Covid-19, just as the 1930s housing boom pulled Britain out of the Great Depression.

https://policyexchange.org.uk/publication/strong-suburbs/

How will it all go wrong?
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>> No. 8530 Anonymous
19th February 2021
Friday 6:02 pm
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>>8529

It's a representative sample - the age, ethnicity, educational background, employment status and geographic distribution of the survey participants match the national averages as closely as possible.

The ONS collect some fairly comprehensive data on wealth.

https://www.ons.gov.uk/releases/wealthingreatbritainwave62016to2018
>> No. 8531 Anonymous
19th February 2021
Friday 6:07 pm
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>>8530

Fucking hell. If as a median salary income earner I am in the top 10% of households, the UK must be a damn sight bleaker and more Dickensian than I previously thought.
>> No. 8532 Anonymous
19th February 2021
Friday 6:53 pm
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>>8531
>If as a median salary income earner I am in the top 10% of households


What?
>> No. 8533 Anonymous
19th February 2021
Friday 7:59 pm
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>>8532

>>8524 said:
>A household income of £59k puts you in the top 10% of households by income.

So me in a houseshare on a median salary with a couple other middle class people puts me in the top 10% of households by income? That doesn't sound right to me.

I'm a bit of a thicko tho innit?
>> No. 8534 Anonymous
19th February 2021
Friday 9:45 pm
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>>8533
seems credible to me. 3 reasonable earners should put you well ahead of most households, why would you think otherwise?

whiteline
>> No. 8483 Anonymous
17th February 2021
Wednesday 7:09 pm
8483 Student Loans Company
Let's say, hypothetically, I'm currently living and working outside the UK.

Let's also say, hypothetically, the Student Loans Company have been on my arse about letting them now where I am.

>You need to update your details even if you’re not currently in employment or you’re earning below the repayment threshold.

>You accepted the terms and conditions of your loan and agreed to keep us up to date with your employment and contact details. If you don’t update your details now, we may send your account to a third party to carry out checks on our behalf to verify your details.

The phrasing makes it sound like they'll charge a flat rate if they discover I'm abroad regardless. Is there any reason I should or shouldn't let them know?
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>> No. 8484 Anonymous
17th February 2021
Wednesday 7:57 pm
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>>8483

I was abroad for years and never told them where I was and figured I had basically disappeared, but the moment I got a legit job in a Commonwealth country they found me again.

Recently there have been changes in repayment policy, like, if you earn less than 2000gbp p/m you don't have to make repayments (which is quite a bit higher than what it was).
>> No. 8488 Anonymous
18th February 2021
Thursday 12:12 am
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I, for one, don't even have a student loan.

whiteline
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