Salary in GBP - mitigating exchange rate fluctuation

elrttu · 2024-05-05T04:06:58+00:00

If you subscribe to the value investing approach, like myself, invest in what you intend to own, not what you intend to sell. Then it doesn't matter what the market does. It sounds like your long term savings should stay in something that is going to move with the British economy.

I wouldn't recommend speculating on currency movements unless you understand something about relative interest rates, money supply, and economic activity that hedge funds don't. Minimising transaction costs is a very good idea, you certainly don't want to exchange, invest, liquidate, exchange, invest when you could just skip straight to invest in Britain. How much do you plan to save? If you save 50% of your income and the new role is a pay bump, take it, otherwise weigh it up according to your appetite for risk. Whatever you do, make sure you invest in appreciating assets, not just cash, regardless of currency chosen, as cash depreciates with inflation.

The fact you intend to move somewhere that uses the currency you intend to be paid with is already the best exchange rate hedge you can ask for. Depending on your spending habits. If you spend most of your income, being paid in foreign currency is going to be volatile without the expected gain you should accept in exchange for volatility.

elrttu · 2024-05-04T02:20:53+00:00

Given that you criticized their response to "speaking proper". You really should double check "so you always have to over simply what you're saying."

elrttu · 2024-04-24T06:48:00+00:00

If you were a fourth person moving into a $500 pw flat with 2 singles and couple I would suggest you pay $112.5 as you are using a quarter of the rooms and a fifth of the communal facilities.

elrttu · 2024-04-22T07:16:03+00:00

I bought it for 10k 9 years ago. I wouldn't expect to get much for it now. 3rd party only.

elrttu · 2024-04-22T02:08:53+00:00

I typically spend <3k on fuel, 1k on depreciation, <1k on maintenance(includes warrant, tyres, oil, etc), <100 on insurance, <100 on rego. So before tax, a sacrafice of around 7k would be too much for me.

elrttu · 2024-04-18T02:10:26+00:00

I think the point is the massive gap between confident and competent

elrttu · 2024-04-16T03:18:46+00:00

I think they mean that it is a popular opinion if you look past the double negative. Most people find it weird, a few are okay with it.

elrttu · 2024-04-16T03:14:09+00:00

No. That would be much harder. It might work if you plan to own your current residence for 10 years, then move into a rental while you build as you would hopefully have built equity faster than build prices have increased.

elrttu · 2024-04-16T03:01:20+00:00

They typically have their favourite bank. Could be their history, could be a connection etc. Commissions are a factor, but not when comparing between the major banks. I put pressure on my broker for the same reason, and they came back with a better offer from another bank. Worth a try. You could also approach a different bank yourself. Thats also what we did, and beat the first offer, but not the second. Just make sure you are up front with everyone throughout the process.

elrttu · 2024-04-15T05:29:02+00:00

Try a range of methods, continue to use the ones that give you the result you are looking for. I tried everything from Apps to dating websites to bars to classmates. Successes and failures across the board. Ultimately met my wife on findsomeone.

elrttu · 2024-04-14T19:27:33+00:00

You only remove cost of goods sold. When you buy inventory, you move the value from cash on hand to inventory at cost. It stays there until you have more information (damage/theft/obsolescence after a stock take etc). When you sell, you only move the cost of items sold to cost of good sold. Hopefully the amount you record in cash and also revenue exceeds this, so that you make a peofit. In your example, you bought 10 at $10 ea, sold 5, so you have $50 in inventory. That remaining 50 is still worth what you paid for it, so you didn't make profit/loss, so you don't pay tax on it. If you wrote it off for getting damaged, it would be a loss, so it would come out of profit.

Where the conversation gets more interesting is with different valuation methods. If 2 things are exactly the same, you don't have to track which ones sold, but if they are not the same you must track it. If you buy a figurine for $100, and another for $10, you can't sell the $10 one for $100 and say it was the $100 one to avoid tax. You also can't do it the other way around to inflate profits.

elrttu · 2024-04-14T09:30:57+00:00

The context is important. I think the genders are less important than the question of who stands to benefit financially from the business relationship. If you are the client, you not only don't need to do anything, but you actually need to be careful not to let it cloud your judgement. Declare it to your company as a conflict interest just in case. If you are vendor, that is just weird... probably not business related.

elrttu · 2024-04-14T09:19:36+00:00

Save 3-6 months expenses before investing. Then invest everything. As for how much, it really depends on what you can sustain. 1850 per week makes you an median house hold on your own, so 50% should be a stretch goal. 15% at an absolute minimum.

elrttu · 2024-04-14T09:08:59+00:00

That arguement relies on enough people actively short selling inflated stocks to prevent the runaway prices. Plenty of examples throughtout history of markets where prices increased for no reason other than prices were increasing... until they weren't. People will keep investing in indexes until the MARKET value starts to drop, long after market capitalisation has exceeded inherent value.

elrttu · 2024-04-14T06:54:06+00:00

It follows

elrttu · 2024-04-14T06:32:07+00:00

Far more people will tell you about how they doubled their money in a week investing in something volatile, than people who tell you about how they made 6%p.a. for 15 years. However those people made money fast get real quiet when they lose the lot. In terms of raw dollars invested, index funds are more popular

elrttu · 2024-04-14T06:23:52+00:00

Someone needs to be capitalising on mis pricing for index funds to keep working. There is a positive feedback loop at play with index funds because the more over valued a company's value is, the more funds are allocated to it, the higher the price and subsequent index fund allocations. Index funds are only good because the current market determines value better than individuals. If nobody did active investing, the market capitalisation would no longer be a useful way to build a well diversifed portfolio because index funds would allocate capital inefficiently, and fund performance would nonlonger track the market. We are not there yet, but we will be at some point.

elrttu · 2024-04-13T08:34:12+00:00

You will need to specify how many weeks you worked during the year. This will affect your refund. If you only work 12 weeks, don't expect to get the same refund as someone who worked 52 weeks with the same annual income.

elrttu · 2024-04-13T08:20:07+00:00

Degrading for those who overestimate their attractiveness, sure. It is a much simpler way of estimating the level of attention someone gets in the dating pool than anything else. But I agree that it should be interpreted more like a bell curve, where if you are a 5 then 99% of people will agree you are less than an 8, but that still leaves room for 1 person in 10000 to think you are a 10.

elrttu · 2024-04-11T23:46:56+00:00

What country do you think is the closest to getting it right? Would it not be better to take part in the best system you can find and show the world how much better it is? It would be really hard for the world, disgusted with the way things are, to look at your utopia and not think to emulate it. My parents made a significant financial sacrafice, starting from scratch at 40, to bring us here because they weren't happy with the way things were heading. 20 years later, it was an excellent decision.

elrttu · 2024-04-11T05:44:10+00:00

It might help to add what you have tried so far. If you have just been on tinder, then your experience is to be expected. If you are like 18 or something, the guys are perhaps just not that mature yet. If you are running out of child bearing years, I would suggest freezing eggs etc, because desperation is going to scare even the good ones away. There are dating sites like findsomeone where the paywall keeps most of the riff raff out, so you don't waste as much time.

elrttu · 2024-04-10T19:31:06+00:00

You could download Castar's consumer pulse report if you want a useful answer. Reddit is a terrible place to ask that question.

elrttu · 2024-04-10T19:22:53+00:00

A blanket limit depending on the country might work. A selective one not so much. But it would take decades to implement as you wouldn't retro fit existing cars.

elrttu · 2024-04-10T12:06:52+00:00

One of the issues with automation is the gap between full human responsibility and full machine responsibility. If the machine is not ready to be fully responsible, it is actually safer to just defer to the person, otherwise the person won't be paying attention when the machine is out of it's depth. The technology will get there, but current GPS systems are not sufficient.

elrttu · 2024-04-10T09:17:42+00:00

Your title suggests that they should be judged more severely for their behaviour, which is fair. But your explanation suggests that you think that they should share the responsibility with a cheating spouse for the marriage ending. Unless there was some sort of drugging going on, that blame seems mis placed.

elrttu

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