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Everything posted by PeanutButter

  1. I prefer this headline from Thisismoney: 'Gravy train' continues for Persimmon as the housebuilder says profits are now expected to beat forecasts We subsidise them building rubbish. https://www.reviews.co.uk/company-reviews/store/persimmonhomes
  2. He's dual citizenship now (grandparents from County Mayo). Not sure how being Canadian (I know many fine Canadians) has any impact on his skills or lack thereof. Perhaps we should ask for Baron King of Lothbury to come back
  3. Alright, I'll play. Please post pics/links of your Top 3 Most Beautiful Residential City Buildings. They can be from any country but excluding places surrounded by nature and beautiful views. It's an entirely subjective waste of money and time. May as well consult on 'What Is Art?'
  4. The new genre of money diary seems to be a popular option these days (good clickbait I suppose). https://www.theguardian.com/money/2019/jan/12/i-went-from-a-junior-office-job-to-a-six-figure-revenue-as-a-business-coach 1. Cruise ships = vomiting virus + pollution https://www.theguardian.com/environment/2016/may/21/the-worlds-largest-cruise-ship-and-its-supersized-pollution-problem 2. Oh good. Another landlord. 3. Lucky to have married a sensible chap. 4. I'm from a humble background and my parents absolutely led by example on saving. Any spare money always got ferreted away.
  5. M&S food is good quality but they'd be better served with more small stores catering for the working lunch trade. The giant retail spaces filled with multiple versions of the same old people clothes are just a waste of rent. Still, another British institution falls from grace. According to someone who went to work for them (and left) their legacy systems are incredibly slow and out of date and the HQ culture is very much 'this is the way it has always been done'. A shame.
  6. Please can we have a new bunch of idiots in charge? I'm tired of these idiots. https://www.theguardian.com/artanddesign/2019/jan/15/can-we-trust-the-government-to-judge-whats-beautiful What's that smell? Oh, it's the scent of Housebuilders' PR Musk sprayed liberally over the necks of our so-called government. Maintaining buildings, oh no, no money for that.
  7. https://www.theguardian.com/business/2019/jan/15/marks-and-spencer-stores-close-m-and-s-hull
  8. They love air pollution don’t they. Not that we’re much better. Dirty air: how India became the most polluted country on earth https://ig.ft.com/india-pollution/
  9. Fortnums sold over a dozen of their £6k hampers this Christmas. If rich people want to hand over their money I’m all for it (drawings the line at blood diamonds, naturally). But reading more, they seem like a jolly decent British business. https://www.thisismoney.co.uk/money/markets/article-6509905/Booming-Fortnums-defying-High-St-gloom-Christmas.html And with the season of goodwill upon us, Venters talks a lot about the importance of kindness in business. 'You can still be competitive and ambitious but if there is kindness at the heart of how you treat your suppliers, your customers, your staff, it will shine through,' he says.
  10. https://www.theguardian.com/business/2019/jan/12/subprime-timebomb-back-companies-lighting-the-fuse When an expert in financial risk at one of the world’s most powerful private equity outfits tells investors to scale down their exposure to a specific corner of the debt market, it is worth taking notice. Henry McVey, who sits on the risk committee at KKR, said last week that the leveraged loan market – a $1.3tn (£1tn) pile of risky corporate loans – had been on a “great run in recent years” but the firm was now cutting its exposure to the asset class to zero. McVey is not alone in his caution. A growing chorus of global leaders spent 2018 warning that the leveraged loan mountain was getting dangerously large and inviting comparisons with the financial crisis a decade ago. What’s all this then?
  11. The catchphrase “worst of all worlds” doesn’t take into account this insane limbo we’ve been living in for the last 2 years. THIS is the worst of all worlds, not knowing, not agreeing, chaos, bickering, taking sides, backstabbing, grand pronouncements on changed minds, and having to talk about it endlessly.
  12. Good. About bleddy time. Wonder how many UK sellers have gone to the ropes after being undercut time and again.
  13. https://www.theguardian.com/technology/2019/jan/11/experience-i-lost-1m-on-bitcoin Experience: I lost $1m on bitcoin I got caught up in the hype – and then the bubble burst
  14. From speaking to people who have gone back into higher education, the widely held belief is that student debt is not real debt and will never need be (nor could be) repaid. They simply don’t care about it. I have no unsecured debt and (thanks dead parents) no student debt. My parents never had a credit card. Debt was a negative word. Now it seems to mean nothing.
  15. Very wise point. Sadly, house values are held dearer than loved ones in this environment.
  16. Group dynamics are difficult. Once a statement of belief is expressed people tend to enjoy tearing it apart without thought for the individual behind it. You may feel you've dug yourself into this stance and they have entrenched themselves into theirs, as per our wonderful Brexit thread. What I will say is that the mental cost for this type of decision must not be underestimated. You may feel that buying would be 'giving in' to their pressure, but perhaps it would free you to think about and pursue other interests? Clearing mental space by putting to bed a constant worry is an amazing feeling of relief. If you and your wife want to buy a house then there are opportunities now and there will be opportunities in the future. As ever, study the market in your area. Study the streets, study the exact houses or flats. Learn everything you can so you know when to jump. And remind your family and friends that they're supposed to support you, not tear you down.
  17. I suppose the Peter principle applies. I know a chap who worked in council planning in the 60s, proper heyday of social construction. They really cared, they really wanted to make poor workers live better lives in better homes.
  18. Quite. I can't fathom the mentality. It's like some sort of illness where people can never have enough. Seeing the heating bill alone would break me.
  19. I expect people earning over £100,000 to be able to use the vast funds available to them effectively and for the good of the people. https://www.taxpayersalliance.com/town_hall_rich_list_2018
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