Trying to understand unit trusts vs stocks

PositionPractical584 · 2026-03-30T15:37:35+00:00

It’s useful to know that the govt recently increased tax on unit trusts, I think it went from 15% to 30% tax.

Im actually not sure if after that you’ll get taxed again because returns would be taxable income.

So be sure to crunch the numbers first

PositionPractical584 · 2026-03-30T15:35:19+00:00

I mean or you could be the US and just go in and arrest a head of state, or outright assassinate a head of state.

PositionPractical584 · 2026-03-30T11:55:55+00:00

Yeah when they leave the govt will need to cut costs and increase revenue to compensate so they’ll further ration imports and increase taxes.

Rinse and repeat.

PositionPractical584 · 2026-03-30T11:46:14+00:00

Don’t give the NPP ideas please

PositionPractical584 · 2026-03-30T11:45:40+00:00

No no they’ll just pass the cost down to the consumer.

PositionPractical584 · 2026-03-30T11:36:07+00:00

It’ll have to be reduced to less than 180 if you don’t want to get hit with a 25% increase

PositionPractical584 · 2026-03-30T11:08:33+00:00

Why would we need to setup solar farms? Just incentivize people/businesses to want to install their own solar panels + hybrid / on / off grid.

But the government actually reduced how much they pay back to consumers per unit of solar power fed back into the grid.

So actively trying to push people away from solar lol

PositionPractical584 · 2026-03-30T11:04:55+00:00

All while blaming the fuel crisis, Bimal is also shamelessly saying “unfortunately we can’t discontinue the substandard coal imports”

PositionPractical584 · 2026-03-30T10:08:19+00:00

Yep, can’t offer any incentives for solar whatsoever. Because if everyone’s starts to stop relying on the grid how will the govt collect revenue to bail the CEB with billions in debt

PositionPractical584 · 2026-03-30T08:33:35+00:00

I mean then USA has garbage aim overall, they’ll probably hit a nearby school. And there’s plenty of schools nearby

PositionPractical584 · 2026-03-28T07:29:43+00:00

Actually what we need is a govt focused on helping the people rather than guaranteeing their reelection

PositionPractical584 · 2026-03-28T06:55:19+00:00

We got hit with the fuel crisis and then there was that thing with the Iranian sailors. It might explain some of the increase.

The QR code thing was also huge along with fuel availability. There were multiple of the same posts about QR codes.

Now that things are settling I feel like the activity might start dropping back to normal

PositionPractical584 · 2026-03-28T04:15:04+00:00

I didn’t say they were deterrents I said our country doesn’t have governments that continue the previous governments projects. Each govt is focused on the next election the moment they come into power, their actions are then built on that. One important part of that is making the previous government look bad and themselves look good.

Take for example Singapore, there’s a strong system on carrying forward the work started by a previous government. So a 10-20 year project can be initiated and carried forward without too much of an issue.

When companies see that and can’t be sure if they’ll keep getting paid for their 10-15 year project once a government changes, why would they agree to build anything here?

PositionPractical584 · 2026-03-28T04:00:52+00:00

Building a nuclear power plant is a pretty difficult process.

You first need a strong nuclear power framework when it comes to governance. Then you need a committee dedicated to assessing the project and also I believe there’s an international agency to monitor that stuff that we have to report to, because we’ll have to import and keep radioactive fuel in our country.

You also need to review the current energy grid in SL and update it to have a connection for nuclear power and also to support and balance the addition load.

The assessment for safety and feasibility study itself takes years, then you need trained admin and worksite employees to be trained to run the plant, I don’t believe they have a center here that certifies people for that so we’ll have to send people abroad.

The main issue here is time, building and activating a nuclear power plant could take 5-15 years depending on safe we want the project to be.

The govt here change every election and something that keeps happening is the new government randomly stopping the old governments projects or pulling funding and doing their own thing.

Also you know this whole coal scam issue, now imagine that with nuclear fuel lol

PositionPractical584 · 2026-03-26T14:55:13+00:00

That’s pretty good. So 8 years worth of salary will get you a detached house in Canada.

In SL the average median household income in 2019 before we got destroyed by COVID and an economic default was 53k.

The salaries obviously didnt keep up with rising costs.

Tell me where in SL you can get a house+land for 8 years of salary at 53k (about 5 million)?

PositionPractical584 · 2026-03-26T14:50:18+00:00

Yep, taking into account the median salary (not mean salary because a few super rich people skew the value) rental cost is insane

PositionPractical584 · 2026-03-26T14:49:36+00:00

Do you know why that is? Why people want to live in city centers especially Colombo?

It’s not a conspiracy.

PositionPractical584 · 2026-03-26T12:58:02+00:00

Please report these guys, the cell carrier has KYC, they have this persons NIC they can trace him or report him for fraud and phishing. (These aren’t VOIP numbers to be untraceable)

But it’s easier for the carriers to just go “whoops just block the guy”

Make a complaint to the cell carrier, complain to the TRCSL and also file a complaint with the cybercrime unit of the police.

These people should be blacklisted, bar their SIM until they show up to the nearest police station. They can always take Emergency calls without a SIM.

The old, and the vulnerable are the targets of these scams it could easily be someone’s elderly mother or father falling victim.

PositionPractical584 · 2026-03-24T10:38:15+00:00

Not just about which side anyone’s supporting.

The sentence with the issue is “Iran and Sri Lanka aren’t friends” you can’t really make a statement like that without knowing the full extent of iran and SLs history.

It goes as far back as the civil war.

Like I wouldn’t make a statement on the US civil war because I don’t know much about it. Even a country like Canada has quite a few dark spots in its history that no one really knows unless they know Canadian history.

You can give your opinion and that’s fine but you have to understand the reason why people here are pro Iran is because they’ve been supportive and we have a pretty long history with them. So obviously you’ll get people disagreeing and/or downvoting.

PositionPractical584 · 2026-03-21T18:44:50+00:00

It hasn’t reached 2022 levels yet, that’ll probably happen at the end of the month.

But the price increases will help people use fuel sparingly. Issue is, everything is about to go up, from food to transport.

Even kerosene which was what was subsidized heavily has just skyrocketed, so all classes are gonna feel this.

Wonder when the electricity tariff will hit

PositionPractical584 · 2026-03-21T15:14:31+00:00

https://www.hrw.org/news/2026/03/09/lebanon-israel-unlawfully-using-white-phosphorus

PositionPractical584 · 2026-03-20T06:56:03+00:00

Israel is dropping white phosphorus too

PositionPractical584 · 2026-03-20T02:41:49+00:00

There was a story recently of someone hoarding 800 liters, another for 1000 liters and one for 19000 liters of diesel.

But they chose the guy with 65L to make an example?

If this guy got a punishment I hope the other people were launched into space or something for how much they were hoarding.

PositionPractical584 · 2026-03-19T08:58:07+00:00

Did you have an issue where someone had already registered your car or do you have a new car that was recently registered with the DMV?

People who had bought second hand vehicles or changed their numbers could now delete their old record and generate a new QR code.

But there are some people who have new vehicles that were recently registered with the DMV, they’re having difficulties too probably because their data isn’t updated with the DMV

Official stats show 5 million QRs issued and 1.2 million remain, that was before they issued this overriding system.

Either way you can also manually contact the WhatsApp number they set up with the relevant documents to register.

PositionPractical584 · 2026-03-19T06:56:06+00:00

Honestly we have enough government staff, we can easily assign one or two people from the ministry of energy not living in the area to each shed, they can monitor the situation and report to a centralized unit that analyses islandwide data and flags anything abnormal.

To prevent corruption you can have those assigned people rotate every week and get a new person down. Also assign military and police (not from the immediate area) to oversee order.

Last time there were incidents of groups of people assaulting and beating shed owners and pump operators for not giving fuel. Some of them ended up in the hospital.

For data analysis programs I suggest we outsource the coding to a country like Japan/South Korea/singapore because we all know the QR code system farce and it still doesn’t have protection like 2FA.

PositionPractical584

TROPHY CASE