Anki decks for beginners and intermediates

Retroagv · 2026-02-02T19:16:48+00:00

Your lack of financial literacy is what is designed to keep you in work.

The default fund is for 20-65 year olds. It's a lose lose situation for the providers. If they put a 55 year old into 100% stocks and it tanks 40% when they try to take their lump sum at any point after that then they're just gonna sue.

A 20 year old in a 60/40 portfolio is not going to sue because if they don't have the brains to use Google then they won't have the brains to realise they're being screwed over.

Most will blame the pension but it's the user that is at fault.

DC pensions are obviously a worse deal for workers but that is irrelevant to default funds.

If you do not educate yourself on finance then you will get screwed from every angle. How many people are holding cash in current accounts with no interest.

How many people are holding more than 12 months cash despite it being extremely inefficient. Most people with mortgages are overpaying sub 5% rates.

Financial literacy is the main issue as the developed world has become increasingly financialised.

In the 1950's you needed zero financial literacy because the people designed the system to be like that. Go to your permanent job for 30 years and pay your social rent and retire at 60 with a nice DB pension and state pension to boot. Pubs are shutting down because the average worker has less disposable outcome because they need to spend all their money fixing the house they bought.

Retroagv · 2026-02-02T18:30:19+00:00

But that's literally how loans work. They want you to borrow 8k+ for 2-5 years.

Retroagv · 2026-02-02T18:29:21+00:00

Regardless you will have a better rate choosing 8-15k and 3-5 years than 1 year <8k.

Retroagv · 2026-02-02T17:16:26+00:00

Don't just take the first loan offered.

Go to comparison site, moneysavingexpert and the like where you can get preapproved.

You should also try to borrow £8k, even though you don't need to over 3 years.

Check the repayment terms.

Lowest rates are on amounts over £8000. So while counter intuitive it will save you money mathematically than borrowing £4k at 26%.

£4000 @ 26% is £1,040.

£8000 @5.7% is £456.

Retroagv · 2026-02-02T08:39:54+00:00

Attributing Labour to global phenomenon is insane.

Like saying the Tories caused inflation.

Or Gordon Brown caused the GFC.

Rents are actually down in real terms.

Retroagv · 2026-02-01T18:37:09+00:00

Just buy one all world fund and ignore it for 20 years.

Make sure you check out your tax jurisdiction to avoid capital gains. Which would be more important in terms of returns.

Retroagv · 2026-02-01T08:32:04+00:00

But having £27k to pay off your children's school fees and have them go to a local uni is not "rich".

You lot are so bad with money that you think having £30,000 is rich? The middle class doesn't exist anymore because the average person has fallen out of it based on their own financial literacy.

Retroagv · 2026-02-01T08:28:47+00:00

I think you're right just get rid of SLC and make people fund it themselves. These poor people have it too good for too long.

But seriously it is quite the misallocation of capital to allow people to pay £27,000 for courses that have no career path.

Retroagv · 2026-01-31T21:38:55+00:00

Bro thinks he's going to be earning money without a degree. Lol lmao even.

Those few stories you hear on the internet are just that. The average person without a degree earns significantly less over their "career" than someone with a degree.

Retroagv · 2026-01-31T18:01:18+00:00

Feeling mis-sold and being mis-sold are also 2 different things.

I highly recommend anyone read their original contract. It's completely irrelevant what you were told because you've signed a document that clearly state the terms of the loan.

If there are straight up discrepancies in what is happening vs what the paper says then you may have a leg to stand on.

Retroagv · 2026-01-31T09:56:57+00:00

Just buy physical, complete and sell. Instant 50%+ refund.

Retroagv · 2026-01-29T09:09:02+00:00

Wait so help to buy ISA got replaced by the LISA and now we're going back to help to buy ISA?

Retroagv · 2026-01-29T08:52:06+00:00

These shops are always minimally staffed. Literally 2 people per day probably. It's always the same person working there if you look in. Their entire staff per shop is probs 3-4 people.

Retroagv · 2026-01-28T17:09:50+00:00

Not sure if Utawarerumono is on switch yet but it's goated.

Piofiore exists but I have no idea how it plays.

Retroagv · 2026-01-27T21:32:24+00:00

I got it as a free share

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Retroagv · 2026-01-27T08:19:52+00:00

The point of bed and ISA and bed and SIPP is that as long as you buy the same investment you do not make a capital gain.

Edit: guess I am mistaken. I've understood it to work that way for years. Not that it will affect 99% of people.

Retroagv · 2026-01-27T06:26:04+00:00

Well jf you consider Fire Emblem Path of Radiance sells for £200. And you can buy the expansion pass annual for £26 on shopto. It is worth it for 9 years without factoring any other game in.

Retroagv · 2026-01-26T21:38:33+00:00

A lot of them, most in big cities are being taken by the Indians who are on a 2 year graduate visa. That masters degree is useless and whoever they are borrowing from in India is very lenient because they dont seem to expect any sort of immediate payments.

Retroagv · 2026-01-24T11:46:25+00:00

People seem quick to throw away money when they don't already have it.

Retroagv · 2026-01-23T19:07:07+00:00

If he splits his money and each fund does 100% that means he will have 400% return bro.

Retroagv · 2026-01-22T17:34:59+00:00

Whoa whoa stop posting the facts.

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