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@ecommerceshares Finding one 10-bagger in a lifetime of investing is a genuine achievement. Three sequential ones is a multi-generational outlier outcome.

You only need three 10-baggers in order to go from $1 million to $1 billion. $1m to $10m $10m to $100m $100m to $1bn If you’re starting with $10k, you only need five.

@MerrynSW Around 6%, assuming my 45k fig is correct for min req of net contributor to the state.

Gov figs tell us that 45% of non retired households in the UK get more in benefits from state (income NHS etc) than they pay in. 53% if inc retired households. V bad. But public sector salaries and pensions aren't (I think.. pls correct me if I am wrong) in as benefits (but are paid by state/taxpayers.. so exactly how many private sector households are really carrying the whole thing?

@Object_Zero_ How would someone actually do this? Banks have strict lending requirements and wouldn’t allow you to use £500k on anything else other than paying back the capital or interest….

In the UK, I can buy index linked senior Gilts that yield 5.03% (22/03/29) and on the same day I am advertised similar fixed term mortgages for 3.8% I could borrow £500k against a property, pay the bank £19,000 pa interest and sink the cash into inflation proof Gilts that pay me £25,150 pa. Obviously I have skipped taxes for the sake of simplicity (everyone’s taxes are different), but you shouldn’t be able to carry trade the risk free rate of return INSIDE a currency? Why are UK banks seemingly offering this arbitrage? Are they just trying to prop up their residential property books? It feels one of those things you notice that screams “something is going to break soon”.

@nicochristie Looks super interesting! Please send me a code 🤝

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@John_Stepek A painful reminder of government choices that have not delivered direct relief or benefit to ordinary people during ongoing economic hardship.

Don't want to be all "old man reminiscing" but the NatWest sale is giving me flashbacks. I recall getting off the train home from work after a particularly hectic day in 2008 and wondering why nothing was on fire and the buildings were still standing bloomberg.com/news/articles/…

@The_Landlord Why would you sit on cash when you get 8-10% easy from investing.

Genuine question: if I purchased a good BTL property with a big deposit, and used a reputable agent to manage the property, what are the chances of being better off in 10-15yrs rather sitting on the cash? (Btw, why would we only rely on capital gains, where has the yield gone?)

@lambeth_council surely this is satire?

@lambeth_council I already did back in March 2025 (394278). Email stated it would be removed in 7 days….

@macroseb Hi, sorry to see this. Please do report this graffiti starting on this page: lambeth.gov.uk/environmental-… - Thanks

@lambeth_council bottom of Walberswick street. This graffiti has been here for over 6 months. Offensive & terrible for community. Incident number pls. @FloEshalomi

@MortgageMikeN2 @John_Stepek produces a great chart on this. Anyone offering prices higher than what they were in 2020 is a mad man (or woman).

We do a lot of BTL refinancing and nearly all flats. Valuations coming back at the levels of 5 years ago or less…Recent example in N7 value £475k 5 years ago, just had lenders valuation back at £450k.

@sweatystartup If you’re into running, add waking up 20 mins before sunrise so you see it whilst running! Theres nothing better 🤝

Four changes: 1) Sauna every day this week, generally 8-8:45pm. 2) Mouth tape. 3) No phone after 8:00 pm. 4) Discipline to lay down by 9:20 pm.

@John_Stepek I work for one of the largest consultancies in the UK, with offices in most major cities. I’ve recently learned that there is no deference in pay between grades in London vs say Glasgow. Yet the mortgage/rent costs differential are enormous!

Also, there are now lots of "fixed wage" jobs in the UK, between min. wage and public sector bands. Wherever you are, you get virtually the same pay (bar "London weighting" for some). Suspect there's also a notable geographic wage compression effect going on now.

@John_Stepek The stock market does not equal the economy… wait a minute…

Told you so

@Sam_Dumitriu The reality of a BritISA. 😭😭

Some of us laughed at the BritISA. Well we’re not laughing anymore.

@Keir_Starmer Can’t wait for HS3…

Working people in the North of England have long been held back by a broken transport system. That ends today. We are introducing the biggest transport investment in decades to places like Leeds, Bury and Merseyside, boosting growth and opportunities for working people.

@AvaSantina @FinanceTiger No one is forced to live in London

@FinanceTiger No one is forced into a btl ❤️ hope this helps

I have very few friends working full time who aren’t having to subsidise their income with a second job. Most people I know spend >50% of their take home pay on rent. We wonder why hospitality is on its knees. Landlords have all our money !

The UK wants to achieve growth, yet it can’t even get the basics right like improving their toothbrushing skills

@girdley Best one out of these is Power Systems engineering. Many jobs, and not enough people to fill it. And AI can’t compete.

✅ Anything that touches physical things Construction, manufacturing, HVAC maintenance, transport… This is the stuff you can’t offshore. And AI isn’t taking it over. Except…

Now is a turbulent time in our economy. My eldest son just started college. He asked me what careers to pursue, and what to avoid. Here’s what I told him:

@KathrynPorter26 @pwrhungry Yep, bills will continue to go up for the next 5 years.

@pwrhungry It's because of net zero * £9.5bn in renewables subsidies * £1bn for renewables backup * £1.5bn extra balancing costs * £1bn curtailment costs Extra grid costs to connect renewables These costs are EVERY YEAR

While in London, I asked dozens of people about their energy bills. Most said their bills have doubled (or more) since Covid. Last night, at a pub near Trafalgar Square, I asked the bartender about energy. She was in her 20s, living with her parents. She said costs are so high that they seldom shower at home anymore. Instead they go to the gym to shower. Why? The cost of heating their water at home is so high. That’s deeply f’ed up.

@Valhalla451 @brickmatch1 @Evsthetractor Technically half of it already has. 90% of the Design isn’t done here anymore.

@brickmatch1 @Evsthetractor The construction industry can’t be offshored though can it?

Is she fucking mental?!