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  1. To be balanced though, those evil billionaires have collectively created millions of jobs.
  2. Meanwhile, in other news, those of us with professionally-managed, balanced & diversified portfolios of tax-efficient, low-cost stocks, bonds & REITs, have seen growth of over 30% in the past year. Also, in other news, bond yield curves are implying between 8 and 11 rate hikes over the next 3-4 years.
  3. I've no idea. But it sure makes an excellent exam question!
  4. I've listened to him alright. I've met him and held a conversation with him face-to-face. He's a gold peddler. They usually come out of the woodwork at times like this and feed off people's fear - very skillful at it indeed. Note how they always want US dollars for the services that they provide.
  5. You know Peter Schiff's a gold peddler, right? Not saying he's totally lying, but whenever there's a time of crisis the same old crowd of snake oil salesman come out to sell you some shiny metal in exchange for your fear
  6. It's to show that you're different ... just like everybody else.
  7. Yeah - great investment. Illiquid. Immovable. Zero yield. Zero Coupon. Expensive to buy, expensive to sell. Liabilities. Camping out a bit boring by the third marshmallow. Flies. The bragging rights are probably the only actual perceived value for these oofs. Effectively a government bond bought at the peak of the market. I'll take my dividend stocks any day.
  8. I'm not doubting the mania at the sub-500k bracket, but at the higher price points I'm watching (700-900k, south-west, outside big cities), I'm not seeing many signs of mania at all. Most perfectly livable places seem to be sitting on the market for months. My advice is to keep your money in liquid assets for now, within a year there'll be a lot of people for whom the boss will want them back in the City and they won't want to be renting in London, because, well ... what on earth would their friends say, let alone Mummy & Daddy?
  9. I have a very niche primary skillset. The UK has a very small handful of companies recruiting for and, if agents are anything to believe, I'm the only person on the job market with the relevant skills. The jobs are well paying. However, they're invariably in London or Cambridge, where the additional salary will all get eaten up by the higher marginal tax rate, housing, and commuting costs. So I'm actively seeking out lesser specialized roles for much less salary, in lower cost towns.
  10. I think the answer to these cladding towers - at least what I would do - is take out as much equity as possible, maximize the mortgage right up to the limit. Then take out a credit card from the same bank for the equivalent of any remaining capital tied up in it. Hide the cash (either bullion or just bury it in the ground), then walk away from it and declare bankruptcy. Et voila - it's somebody else's problem!
  11. I do wonder if there will be a "secondary" effect of the recessionary effects of Covid. Remember how the GFC started as a year-long "sub-prime" mortgage crisis in the US before we started hearing the phrase "credit crunch".
  12. There are a lot of enduring falsehoods in this long-term WFH discussion, many people are overloooking several home-truths: - Offices are designed for working. Homes are not. Heating, ventilation, lighting, freedom-from-distraction, reliable-fast-internet, space to collaborate or meet-clients, schmoozing-the-boss, cracking-the-whip - barring a few exceptions, WFH will be ending this year and next. British homes - already the smallest in Europe - are not built as combo-offices. - Humans learn 75% of all their knowledge from what they see, only 13% from what they hear. Nothing is more i
  13. I don't care much for where I work. It's "working" in general that I'd rather not have to do.
  14. Way back in the depths of the financial crisis, I read an article centered on a recent in-depth academic study on financial crises and particularly how long their effects take to work their way thru the system. The answer was, in general, about 10 years. For the 2009 crisis, those 10 years are now (recently) done. This pandemic is not a financial crisis, it's a short, very-sharp, temporary recession. Interest rates globally could likely be about to return to normality. The global bond market couldn't give a darn about a 2 bed flat above a shop in Bracknell.
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