BruddaZ

This investor does an in-depth analysis on how buying a home doesn't generate a better ROI than investing in the S&P 500. *Calculation excludes the cost of renting (because we can sleep in the stock market), and only applies to cash buyers (so excludes ROI on a leveraged asset).

Huge crowds of up to 500,000 march in London to protest against the Far Right.

What's a niche fact about London transport that not many people know? 🤔

Trump on Greenland: The fact that they landed a boat there 500 years ago doesn’t mean they own the land.

According to some, the wealth inequality in the UK has spiralled out of control. This is not true and to the degree that there has been a change, there is a very clear reason. Firstly, wealth inequality has massively improved over the last 100 years. In 1925, the top 1% had 70% of the wealth. Today that number is closer to 12%. We are living at a time of unprecedented wealth equality in the UK. We are told that the bottom 50% of the population has just 10% of the UK wealth. It’s true but unfortunately that is how the world works. The bottom 50% of the economy don’t have many assets anywhere. Even in highly regarded egalitarian countries the bottom 50% has… Denmark - 14% Spain - 13% Germany - 4% Switzerland - 7% The inequality index is known as the Gini. The UK’s number is 0.3 which is smack bang in the middle of developed nations that score 0.28-0.33. So then, why has wealth at the bottom dropped (slightly)? Pretty simple. We have invited 7Million people to come to the UK in the last few years. About 10% of the UK population arrived in the last decade. This isn’t enough time for people to accumulate wealth. Most of these people arrived with nothing. They arrived as students, low skilled workers (even high skilled workers only need to earn £40K+) or family members. Prior to Brexit most immigrants arrived from countries that have similar wealth to the UK. Post-Brexit a massive number of people arrived from countries that have huge wealth inequality and relatively low levels of wealth and income. It’s simple. If there is a table of wealthy established people having dinner at their favourite restaurant and then they invite some students to come to the table, the wealth inequality levels of the table would suddenly dip at the bottom. This doesn’t mean that the poorest person at the original tale suddenly got poorer, it means there are new people at the table that arrived poor. It’s a very different circumstance than the one being portrayed by the crusaders of wealth equality.

So much for ‘build, baby, build.'

Have you tried Israeli food yet? If so, what's your verdict? 🇮🇱

It says Whitechapel Station. Apparently

Father Mark Rowles is a Catholic priest who went by the "skinheadlad1488" in neo-Nazi telegram chatrooms and described himself as 16yrs old. He has admitted to discussing bombing mosques and shooting Black people in the head. He's been sentenced to a 12-month community order.