John Bennett

@rcolvile Mongooses!

PSA: The Ramses exhibition at Battersea Power Station is indeed extremely impressive. Kids' main question was why the pharaohs wanted to take mummified mongeese with them into the afterlife...

@Finumus1 The govt makes more money than anyone whe oil goes up. VAT and fuel duty. Why aren’t more people calling this out.

🤦

@2147mill @cashflow_king94 @IncomeShares And world peace!

@cashflow_king94 @IncomeShares All I wanted to see was more baskets of about 15-20% yield

I don't think the high volatility, NAV decaying assets that are coming out will wash well with Europeans investors. This is what I thought set @IncomeShares apart from other companies, I guess I was wrong. We've watched what's already happened in US with these products. Wrong move in my opinion... Tell me why I'm wrong or right??

@Finumus1 Amazing the yield is still over 5% given the price growth in the last 18 months. Definite hold for me.

Is is time to sell BATS.L? Down to a 5.3% yield.

@bluesbreaker2 @TheSecretAcct Nope. Treated as continuous employment.

@TheSecretAcct Can employers circumnavigate this by offering 6-month contracts which are renewed 3 times before a full-time contract is offered ?

Two years is too long but equally, six months may be too short. It might panic employers to get rid of employees within six months just in case they might not work out. Ie they don’t get the benefit of the doubt. thetimes.com/article/5b7765…

@F15JCM Pretty certain that no one with a cash ISA has £1m in it. Because they’ve left it in cash.

Listening to a 'finance expert' on the This is Money podcast, saying how generous it is that you can 'make' £40k/year tax free on a £1m cash ISA pot, completely glossing over that this is basically just breakeven against inflation 🙄

@GretaSc93741191 @MerrynSW *Taxpayer funded

@MerrynSW We have free health care in Scotland

Nothing. Try living in Scotland. Your take home would be $510k. Before your medical insurance etc.

@TheSecretAcct Change your Strava to metric!

This is the real portfolio you should be focussing on. Wealth is nothing without health. No excuses. Get out. BMI just under 27. Aged 58. Not built for running. If I can do it you can too.

@TimHarford @EE I hope they included the phrase “for your convenience “

Lovely email from @EE explaining: "we’ve moved you to our latest pounds and pence terms. In future, your price change won’t be affected by inflation, so you’ll know exactly how much it will increase each year." Great to know I won't be confused by percentages! (They're raising my monthly bill by more than 30%.)

@TheSecretAcct It’s hard to blame AI given that this references underperformance over the last decade. Fred Schwed wrote about it in back in 1940 with his book “Where are the customers yachts?”

Why only one in four investment fund managers earn their crust thetimes.com/article/250e92…

@TheSecretAcct @PaulWent911 The easiest way to determine the cut of a man’s gib is to see how he behaves at a free bar…

@PaulWent911 Plus I think that there is an inverse correlation of NHS usage and tax paid. If something is free people will abuse it. We’ve all been to a free bar before or an all inclusive holiday.

Because it’s totally free. People don’t value things that are free. A&Es overrun by patients with hiccups and blocked noses thetimes.com/article/cc7cf5…

@brendonboshell What’s to stop an employee taking a £5k pay cut in exchange for a £5k ordinary employer contribution to their pension?

This is interesting. Salary sacrifice to be subject to EE+ER national insurance, however "ordinary employer pension contributions will remain exempt from NICs". If I'm reading this right, business owners can still benefit from the NI savings, but employees will not?

@Finumus1 If you want to experience the full mindfuck that is vat, I give you HMRCs very own furskin flowchart: gov.uk/hmrc-internal-…

Nothing should be VAT exempt.

@xhabib Yass queen

Comment for a Roman bust version of your profile picture

@Finumus1 It reduces the rental housing supply. I’ve sold my BTLs to 1st time buyers who were all previously living with parents: that is two households were living in one house. Government doesn’t seem to understand the difference between the two terms

Landlords leaving the market will increase housing supply? 🤦

@2147mill I guess it depends how “out of the money” the options sold actually are. If they end up being exercised…..

Still amazes me how many people (usually boomers) think covered call funds are some sort of fake, unrealistic thing and that 20% yields are unsustainable. I think 20-30% is the sweet spot. All they need is volatility to produce income. There will always be volatility.

@marktilbury Wealth is the difference between your income and your ego.

This is how real millionaires roll in London!

@Finumus1 @TCleare Taxation of ETFs is a mess. In theory any “income” from them could be treated as interest, dividends or even capital gains depending on the underlying instrument. Pretty sure most people are completely unaware of this.

@TCleare @Barclaydevries They are non-tax payers, I imagine. Plenty of institutions would do this as an arb if a spread ever appeared.

What's stopping you bed-and-breakfasting this every 6m to turn interest income into capital gains?

@timfouracre was worried about the upcoming new companies house and CT600 filing regs. Stumbled across tinytax.co.uk Absolute game changer. Totally free and much quicker than the old filing. Can’t recommend enough.