Rob

@MerrynSW Because then you have to pay through the nose if you happen to want to buy a second home (stamp duty and council tax surcharges).

Basically married is t the same as married. So why not just get married?

@an0n_Nic We need to hit rock bottom, the quicker the better. It’s the only way now.

Anyone with a pulse should brace themselves. I am no fan of Starmer but he is the last man between Britain and full-fat socialism (Burnham, Rayner). They will raise borrowing and taxes and we’ll get to a depression quicker than you can say Laffer Curve.

@GuyTalksFinance The S&P 500 is 7% NVDA and 6% AAPL, that is not diversification

Before you buy any single stock — make sure to have at least $50,000 invested in the S&P 500 first.

@2147mill The LISA is not for me, it’s useless for buying a house if you live in the south-east, limit is far too low compared to average house prices. And for pension, tax relief is higher on additional SIPP contributions than the LISA.

What I wish someone told my 20-year-old self: Open a LISA immediately. Max it every year. By 30, you'll have a deposit or a pension boost. By 40, you'll wonder why everyone doesn't do this.

@policy_uk You missed that those deemed worthy (and those who represent them) still moan that they aren’t given enough support and need more and if you disagree you’re literally Hitler blah blah blah rinse repeat

The British State essentially works on the basis that if you’re deemed to be worthy, everything is free / discounted. But the ‘worthiness’ is accessible by simply being on a (‘declared’) low income. Everyone else pays full excessive whack.

@Ed_Miliband “Disconnected to the point of autism”

Conflict in the Middle East has once again shown that clean power is essential for energy security. That’s why we’re speeding up action, with solar panels to be fitted as standard on new homes and plug-in solar to be made available in shops within months. lbc.co.uk/article/miliba…

@Ye_Olde_Holborn What platform you using for the short? Asking for a friend…

Amateur bond vigilantism is fun. I put this 12p short bet on Gilts a couple of days ago & I’m already up nearly £25 which will pay for my beers tonight whilst helping to destroy this rotten government

@ClarkeMicah Tuning in just for this 👌

For the first time in nearly five years, I am set to appear on BBC Radio 4's Any Questions, tonight, just after the eight o' clock news.

@0xSero Finally someone said it…

I had to open this abomination today, holy fuck. How can anyone use this?????

@StevenEdginton Surely a capable journalist can do an expose naming and shaming all the politicians, civil servants, quangos and councillors who were responsible for this. Name and shame in a national newspaper, documentary, book, anything!

People should be prosecuted for this level of public waste. Or at least fired and pensions revoked.

@ThomasSowell You will live to see man made horrors beyond your comprehension

The Covid era will be studied as one of the most ridiculous periods in recent history.

@cfpat1 @JFracson Hard agree

@JFracson I think you underestimate how screwed up all the FT500 IT systems are. Can’t slap IT on top of them and just fire a bunch of people. Why hasn’t Google or Microsoft done this yet?

Every time I fire up Claude, I become more and more convinced of one thing. What’s currently happening in the oil market is almost irrelevant compared to what’s about to take place in the white-collar job market. Please do everything you can to own hard assets; the gates are about to close.

@ClarkeMicah We now exist in said spiritual desert

Remembered in the Daily Mail today, my 2012 poetry recital on BBC QT. The thing that struck me was that *none* of the other panellists knew any verse, and that David Dimbleby tried quite hard to stop me reciting this passage.

@TikTokInvestors A millionaire and he still ends up with that hair cut?

@iainmartin1 Overlay Germany onto this chart and see that Brexit has nothing to do with it

Very high energy costs and race to net zero have a downside, latest. There will be hell to pay politically when this all crystallises at some point. Which it will.

@Convertbond How does it work if you want to move? Or if you’ve got one of these insane rates locked in are you pretty much stuck where you are?

Who is holding this bag???

@OldRoberts953 You’ve absolutely hit the nail on the head

I think it’s more a middle class civil war. Useless public sector middle class people like Labour *loathe* useful private sector middle class people. There is no stronger hatred in this country.

@RupertLowe10 Great sign

@MichaelCGlasper I have this same paragraph bookmarked also 👌

It's the anniversary of the greatest diary entry of all time, from Michael Palin. 13 November 1977.

@AngelInvestGuy @pepespooo @DaigoTanaka @damengchen When I try and explain why I’m still renting to friends, no one understands this take

NW3 I pay 3200/ month in rent, place is worth 1.6-1.8 mln I rent because a mortgage payment would be twice as high per month, and the returns on earn on my cash are much higher than the cost of renting the property (ie much higher than 2% net / 4% gross). So I stack cash and invest it and eventually it will either generate enough pretax passive income to cover a mortgage or, more likely, a capital event where I can just buy a place outright and file it away as consumption Incidentally, if I did buy a property it would be first an investment property where the rental yields are 8% minimum

My friend told me he and his wife live paycheck to paycheck. I don't believe it because they both are high earners in tech, and he even works for Google. But after doing a little bit of math, I found out he didn't lie. • Mortgage: $17,000/month for a $3M home • Property Tax: $3,000/month • Private School: $3,000/month for 1 kid • Travel: $2,000/month (assuming $20k/year) • Utilities: $1,000/month • Groceries: $2,000/month • Eating Out: $1,000/month • 2 cars: $1,000/month So in total $30k per month, not including other misc costs like house maintenance, paying for Netflix, etc. W-2 employees usually take home only 50% of their salary, so they have to make $60k per month pretax, which is $720k in annual TC. What's the point of living a life like this?