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Quicken

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Everything posted by Quicken

  1. Not much movement on gbp as yet though.
  2. Edited my reply to guess voluntary. Fun and games all round. I pay myself at the secondary threshold from my own company for similar reasons. Apparently set to rise by £5 next month.
  3. How does that work? Employer tax? Voluntary contributions?
  4. Pensioners pay income tax but not NI...
  5. Any news on NI thresholds? I only saw him mention income tax thresholds.
  6. Got to give the rich fair warning and time to avoid.
  7. Nice idea. How many shots?
  8. Open goal missed there. It would negatively affect me, but capital gains, income and inherited gains should all be lumped together and taxed at the same rate. One allowance only.
  9. Both measures extended until the autumn. So, the same.
  10. The printing is strong with this one. A few minor, delayed, tax rises. Much spending.
  11. I can only put it down to irrational exuberance. GDP down ten percent last year. Let's see how strong and stable this is when the money hosing stops.
  12. Yup. If you sell for eur or usd and only later convert to gbp, it's still the day you sold for fiat. They just apply the daily bank exchange rate to calculate how much gbp equivalent you sold for. HSBC have generally been fine about large withdrawals from kraken for me. They do ask (AML) questions about source of funds and source of wealth when traferring large sums out (and may fire up the fraud calls) but don't have a problem with crypto and don't ask for documentary evidence ime. TransferWise are quite another matter. Very demanding and nosy (bla bla regulatory requirements). Wanted to see the exchange records from kraken, with my name/acct details visible as well as payslips and tax returns, ffs. I told them to do one, cancelled my transfer and am closing the account. We'll see if Starling are better. Ymmv Q
  13. Yes, but what passion and zeal! What commitment to have a library of quotes ready to go for Wall of Text time. A quality of rant far exceeding the strangeness of Erranta. Imagine what Venger would have made of this thread.
  14. No need for conspiracy. The total excess deaths over five year averages tell the story of the outbreak. E.g. https://www.bbc.co.uk/news/health-53233066
  15. I remember the last time people were yelling New Paradigm to explain why fundamentals didn't matter any more. It was just before the Dot Com bubble burst.
  16. It is also OK to savour some schadenfreude over the well-deserved BTL comeuppance. Sweet, sweet schadenfreude. I miss Venger
  17. Bolded part is false for me. Very, very false. BTL is evil. The perpetrators might not realise, but it is. That is the cult thinking. What each BTL purchase (not build) does in net terms is to turn one owner occupier household into one renting household. All sustained by an ever-growing debt mountain. It won't end well.
  18. Yup. It was through discussions here with Scepticus that I decided to get into Crypto in 2014, and was subsequently able to diversify into shares, P2P etc. Rather better returns than property, and NO DEBT
  19. By the way, I think the stamp duty holiday is a deplorable move that will waste money and not work anyway. Since we're in Scotland, I doubt it will be extended here anyway (thankfully). Q
  20. Thanks Deckard. Yes, it was the right move for us to reduce our monthly outgoings as I just retired from employment and now just run my investment business which has sailed through the rough seas of Lockdown admirably thus far.
  21. Love this thread. Bravo Deckard. I drifted away from here, but have been popping back in a bit more lately to see the show. Naturally, prices are now set to crash as I bought (small place, cash) in December 2019, and moved in just before lockdown. Not to worry though. I wouldn't put all my eggs in one basket. I used to say the tipping point for a crash will be when the house price indices hit 150k again. Bring it on I say. I wouldn't want to be highly leveraged in this market. Q
  22. Not so much a prediction, but Wirecard has chequed out: https://www.bbc.co.uk/news/business-53176003 Turns out they cunningly 'misplaced' 1.9 billion euro down the back of the sofa, and after the FT ran stories on how dodgy they were even the auditors EY noticed: Cracking statement from the company on this by the way. 'Prevailing likelihood': https://www.theguardian.com/business/2020/jun/25/wirecard-files-for-insolvency-amid-german-accounting-scandal https://www.investegate.co.uk/wirecard-ag/eqs/statement-of-the-management-board-about-the-current-situation-of-the-company/20200622014858EHXEL/
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