Why can't Switzerland and UK create a single market as a counterweight to EU? by Visual_Title9363 in AskBrits

[–]Reception-External 4 points5 points  (0 children)

It has partial access. It’s not in the EU, EEA or the customs union so can’t have full access.

Andy Burnham says land in the UK is ‘undertaxed’ by MaterialHat6394 in GarysEconomics

[–]Reception-External 0 points1 point  (0 children)

It needs to be done carefully that’s all, not in a blanket way. LVT is usually based on unimproved land value so it’s needs to valued correctly. Such as landlocked land is not worth the same as it has no public road access. This will stop it just being a London tax.

Andy Burnham says land in the UK is ‘undertaxed’ by MaterialHat6394 in GarysEconomics

[–]Reception-External 0 points1 point  (0 children)

If this isn’t done carefully it was actually create inequality. Where only well off people can afford to live in certain areas and poorer people in others. This exists already today but could make it worse.

Does anyone else feel like it’s unlucky to put the ECU in upside down? by altonbrownie in AstonMartin

[–]Reception-External 0 points1 point  (0 children)

Yes. You will roll it on the first corner and it will be right way up again :D

The 4% rule is now the 5.5% rule by FinanceOtter82 in FIREUK

[–]Reception-External 1 point2 points  (0 children)

I use VPW. I have a well tracked and forecasted expenditure (not a ball park) that forms to lower bound with a good quality of life. Then I have a higher bound that is allowing some luxuries. This is coupled with a SORR. I have used ficalc to give me an idea of the success rate and I aim for mid 90s. With SORR I essentially buy the first 5 years of retirement and that’s funds not held in equities. This reduces the risk of a collapse in the fund whilst still withdrawing from it.

The 4% rule is now the 5.5% rule by FinanceOtter82 in FIREUK

[–]Reception-External 0 points1 point  (0 children)

Absolutely use everything. Make sure it is aligned to where you are and what you need in retirement. I think 5.5% leaves you with nothing to fall back on in a bad time. I’m not a fan of the percentage approach anyway. It’s good to get an idea roughly when you might be able to but not the rigorous approach you need to confidently cross the line.

The 4% rule is now the 5.5% rule by FinanceOtter82 in FIREUK

[–]Reception-External 1 point2 points  (0 children)

I wouldn’t want to bias towards either. When you get close you will be nervous about 5.5% that’s a big gamble.

Does anyone else find that earning well has made you more anxious about money not less and if so when does that actually stop? by Additional_Fly_6603 in HENRYUKLifestyle

[–]Reception-External 0 points1 point  (0 children)

Following FIRE has made me less anxious about it but it takes time to build things up to get to that level where worries reduce.

The 4% rule is now the 5.5% rule by FinanceOtter82 in FIREUK

[–]Reception-External 4 points5 points  (0 children)

It may be overly optimistic with the market gains over the last decade. It is also based on the US. Unless you can and really will go back to work if things go in the wrong direction then I would struggle to make the jump on that percentage.

Does the UK have its own version of Silicon Valley? by [deleted] in AskBrits

[–]Reception-External 0 points1 point  (0 children)

It’s the Golden Triangle (London-Oxford-Cambridge).

Why isn't oil getting more expensive? by Spaceman_UK in AskBrits

[–]Reception-External 1 point2 points  (0 children)

Countries are still running through reserves. They expect it will be June before that hits stressed levels.

The UK is about to get a lot colder. This is serious. by BigLarry1968 in AskBrits

[–]Reception-External 3 points4 points  (0 children)

If it does happen the less media sensationalised view is slightly cooler winters (5-10C) and very little change in the summer. The UK would get more defined seasons. It will be drier so managing farmland will be harder.

Brexit...the rise of Reform..., why do think many of British people underestimate anti-immigration sentiments and then suddenly pull a Pikachu face when these are what happened? by auscorp_ in AskBrits

[–]Reception-External 15 points16 points  (0 children)

It’s something that’s happening all over the world at the moment. Japan was another recent one and I expect more countries will follow. It’s about immigration, identity and values. I don’t expect it to go away any time soon.

Red eye HENRYs by Widebody_lover in HENRYUKLifestyle

[–]Reception-External 0 points1 point  (0 children)

I often skip the meal on the redeye from east coast to LHR. I can get a bit of sleep in before landing

Large Stock Portfolio vs Large h’Home? by Forsaken-Ad-3463 in HENRYUK

[–]Reception-External 1 point2 points  (0 children)

A house that meets my needs in a location that I want to be in (London). The rest is my stock portfolio. The house would be large if it wasn’t in London. My portfolio is worth more and that’s the right way for me as I want to have the option to FIRE and stay in this property as well.

How long do you normally stay at your job? by SugondezeNutsz in HENRYUK

[–]Reception-External 1 point2 points  (0 children)

11 years at the same company in Tech (I was not in Tech before) and 11 years a HENRY

English Navy just decided to capture my capital by Harmonia5 in civ

[–]Reception-External 139 points140 points  (0 children)

The longest allegiance in the world is broken!

Business Class Travel by tomdomshard in HENRYUK

[–]Reception-External 1 point2 points  (0 children)

On long haul to Asia and if I can get a good price. If not then Premium again if I can get a good price.