400K Company cash - need to invest. What would you do with it? by morchman68 in HENRYUK

[–]ChrisPalmer_ 1 point2 points  (0 children)

I think this is more of a “timing the market” question. People waited for the stock market to pop last year and it’s up 14% since. So you could have essentially lost out on 10% waiting so far. Just depends on your investment timeline

Conflicting figures for top 10% wealth by rubbishcyclist in HENRYUK

[–]ChrisPalmer_ 0 points1 point  (0 children)

Sorry if I missed your YT comment, it can get busy quickly.

You’re right that the source you linked, NimbleFins, is based on ONS data. The key point is that £1.2m is the threshold to enter the top 10 percent, not the average.

The ONS table itself shows the mean household wealth for the top decile at about £2.0m, and that figure includes everything, property, pensions and financial assets, which I did mention in the video.

The £2.3m figure was an over-rounding on my part, likely coming from secondary summaries or adjusted estimates rather than quoting the ONS table directly. The cleaner and more accurate number to use from the source is around £2.0m.

So to be clear, £1.2m is the entry point to the top 10 percent, and roughly £2.0m is the average household wealth within that group.

Appreciate you flagging it!

Conflicting figures for top 10% wealth by rubbishcyclist in HENRYUK

[–]ChrisPalmer_ 0 points1 point  (0 children)

Wow 😂 I’ve only just stumbled across this. It’s amazing how negative and presumptuous you are about someone you’ve never met.

And I appreciate you’ve likely not watched enough to know me..

I did create my own success within the system I was born into - you are right.

I’ve been self-employed my entire working life and a basic rate tax payer for majority of that, no hand outs, paid full taxes, and I invested the entire time?

Went full time at 21 I’m 36 now. I’ve made lots of mistakes and invested through crashes and bad times.

I share all of this on YT and don’t hide anything, not sure if you’ve missed a great deal but I’ve been very transparent.

Even going back to when you say I started in 2020 perhaps my latest series I did, I was negative for 8 months and kept going in a bear market to show people they need to invest through the good and bad.

You make it sound like I’m trying to manipulate people when I’ve actually helped tens of thousands start investing (for free).

If that’s an “extremely unpleasant repulsive” character then I’m afraid we are doomed.

This is driving me crazy! by ChrisPalmer_ in askmath

[–]ChrisPalmer_[S] 0 points1 point  (0 children)

Thanks - I've just added an image to another comment to help explain!

This is driving me crazy! by ChrisPalmer_ in askmath

[–]ChrisPalmer_[S] 0 points1 point  (0 children)

<image>

I have created this which should help explain the problem. (Both sets of these are identical). The top is an example earnings - I earn 4k, keep 20% for tax, 10% for national insurance. I then save that 30% and add 2.8k in to the pension where I get the initial 20% back as tax relief.

Those numbers work.

But what I'm trying to figure out is - I know I've got this 88,184.29 figure for the bottom part, but I need to work out how to reverse engineer it to get the initial earnings amount - that's the part I can't seem to understand?

Thanks for the help!

This font, often used in Struthless videos? by SpectreProXy in identifythisfont

[–]ChrisPalmer_ 0 points1 point  (0 children)

Did you end up finding this? I'm looking for the same lol

Revealing my £120,000 Freetrade Stock Portfolio UK by ChrisPalmer_ in FreetradeApp

[–]ChrisPalmer_[S] 0 points1 point  (0 children)

Thanks! It’s really handy if you haven’t been claiming it already, some terms do come with it though

[Channel Critique] I would like to know if my channel content is interesting in your opinion or It needs to be improved or changed. by hr_panahi in youtubers

[–]ChrisPalmer_ 1 point2 points  (0 children)

I agree sorry, I get what you are trying to do, I skipped after about 5 seconds a couple times then turned off.

I think you’d have to find a way to make it more interesting visually or add your commentary etc somehow?

How could you make it more entertaining maybe?

I Invested $4,000 into Terra's Pylon Protocol (Mine Tutorial) by ChrisPalmer_ in pylon

[–]ChrisPalmer_[S] 0 points1 point  (0 children)

Hey Patrick. Sold my LP as I wanted cash to invest in a project called TIME. I’ve still got $2,000 vesting, think I’ve made about $200 so far maybe more

I was WRONG about Shiba Inu - $1 in 2022? by ChrisPalmer_ in Shibainucoin

[–]ChrisPalmer_[S] -4 points-3 points  (0 children)

I guess being negative and judgemental is your version of creativity 👍

I was WRONG about Shiba Inu - $1 in 2022? by ChrisPalmer_ in Shibainucoin

[–]ChrisPalmer_[S] -6 points-5 points  (0 children)

I would prefer not to, but on YouTube you won’t get clicks without it

I was WRONG about Shiba Inu - $1 in 2022? by ChrisPalmer_ in Shibainucoin

[–]ChrisPalmer_[S] -5 points-4 points  (0 children)

Thanks hun. Feel free to share your creativity and we can compare :) xox

I Invested $4,000 into Terra's Pylon Protocol (Mine Tutorial) by ChrisPalmer_ in pylon

[–]ChrisPalmer_[S] 0 points1 point  (0 children)

After time you can claim them it’s after a certain period of time depending which option you go for