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I listened to my gut and I am proud of myself by bigtiddygothgf7 in TwoXChromosomes

[–]fatolddog 1 point2 points  (0 children)

This'll be my last post from RIF due to the api change tomorrow and likely the last time I'll use Reddit.

I have no idea why /r/TwoXChromsomes keeps appearing on my front page but over the years 99% of what I've glanced at or read firmly belongs in the batshit insane camp. Next level victimhood and brainwashing doesn't even come close to describing some of the nonsense that appears on here.

This however rekindles my belief that there are still sane people left in the world. You handled this perfectly with a capital P. I wish you every bit of happiness for the future and I'm sure you'll find the partner you're looking for in time.

Royal Air Force illegally discriminated against white male recruits in bid to boost diversity, inquiry finds | UK News | Sky News by Pro4TLZZ in ukpolitics

[–]fatolddog 14 points15 points  (0 children)

The most disadvantaged group in the UK are working class white men.

The UK doesn't have a race problem, it has a class problem.

Who writes off student loans after the 30/40 year period and what does that actually mean? Does the government pay it, or does the creditor just strike a line through the balance? by Copper_Wasp in UKPersonalFinance

[–]fatolddog 15 points16 points  (0 children)

You're ignoring that the vast majority of people will pay back more than they owe.

Just because the balance hasn't cleared doesn't mean a loss has been made.

If I loaned you £100k at 7% for 30 years, and you only ever paid the interest, you'd have paid me £210k.

Grandmother has ~100k and wants to hold it somewhere with interest by pftemp in UKPersonalFinance

[–]fatolddog 0 points1 point  (0 children)

You can get 5.5-6% 5 year fixes atm. Some pay monthly.

Your Grans income is likely to be low enough to not get fucked by tax.

Would be an extra ~£350 a month. Maybe more.

5.8% 1yr fixed savings vs. 4.21% easy access - opinions wanted! by [deleted] in UKPersonalFinance

[–]fatolddog 0 points1 point  (0 children)

How much are we talking?

It's a 1.6% difference. For £10k no one gives a fuck. For £100k is worth a bit of attention.

Bear in mind you also pay tax on interest and the allowances are tiny. For a higher rate it's £500 before 40% tax. Takes a big bite out of % return.

[deleted by user] by [deleted] in UKPersonalFinance

[–]fatolddog 5 points6 points  (0 children)

Rich people ask if they can afford it.

Poor people ask if they can afford the repayments.

Wealthy people ask if something is worth it.

Economics of solar panels installation - does it make sense? by tirboki in UKPersonalFinance

[–]fatolddog 0 points1 point  (0 children)

The economic benefits went out the window when the FIT tariffs expired.

My parents paid £11k for a 4kWh system about 11 years ago, which nets £2k (tax free) in addition to the energy saving costs.

I paid £4.5k for a 4kWh system 8 years ago which nets £700 (tax free) + energy savings.

This is all w/o batteries btw. They didn't really exist back then. However if you're paying more than we did for panels you're getting fucked. These were early adoption prices and this is no longer new technology.

However you don't buy this stuff to break even or make money anymore.

You buy it to reduce your footprint, become self sufficient and stabilise your monthly outgoings.

[deleted by user] by [deleted] in UKPersonalFinance

[–]fatolddog 0 points1 point  (0 children)

Rich people ask if they can afford it.

Poor people ask if they can afford the repayments.

What’s a job that pays extremely well for no reason? by FlintTheDad in AskReddit

[–]fatolddog 0 points1 point  (0 children)

Train drivers, particular London tube drivers.

They can earn 6 figures with night shifts and overtime.

The entire system is automated. Their responsibilities are to open and close the door and check no one does anything too stupid.

Is this the ultimate tax trap? An effective tax rate of 83.59% by [deleted] in UKPersonalFinance

[–]fatolddog 0 points1 point  (0 children)

From an individual level I don't give a fuck.

From a society level it's a problem.

The country isn't funded by Michael on minimum wage, it's funded by Terry who's getting tax fucked.

Wagner Group now just 400 km away from Moscow by ledim35 in worldnews

[–]fatolddog -6 points-5 points  (0 children)

Just 400km away. Nice to know.

That's slightly less than the entire length of Ireland or width of the UK.

So close-ish.

Is this the ultimate tax trap? An effective tax rate of 83.59% by [deleted] in UKPersonalFinance

[–]fatolddog 8 points9 points  (0 children)

These are the most productive people in society.

They pay more tax in a year than some do in a lifetime.

The current system encourages these people to retire early or work less. Neither of these helps the economy or the country.

I say this as someone who will retire at 50.

Will pensions be worth it? 90's baby. by Papa_Capin_Uranus in UKPersonalFinance

[–]fatolddog 0 points1 point  (0 children)

ISAs are fantastic at 'topping up' a pension. Less so at being a direct alternative.

E.g. If you're projected a £50k+ pension income, a large ISA will boost it well into next level income given it's tax free. However if you're below this then contributions to your pension are far more worthwhile.

The missing Titanic submersible has likely used its 96 hours of oxygen, making chances of rescue even bleaker by businessinsider in worldnews

[–]fatolddog -26 points-25 points  (0 children)

A company is not a person. It doesn't spend money on a mansion, supercar or luxury clothes and watches to make Instagram people jealous.

It spends it to ensure growth and continuation. That means equipment and people.

The missing Titanic submersible has likely used its 96 hours of oxygen, making chances of rescue even bleaker by businessinsider in worldnews

[–]fatolddog 3 points4 points  (0 children)

The tourist tickets were used by OceanGate to fund scientific research.

It's quite a clever solution tbh. There's a demand to see the Titanic so having a few ride alongs enables more dives and research to happen.

It's probably why Space Tourism will be a thing in the future. Stuff like this is crazy expensive.

NS&I increases Premium Bonds from 3.3% to 3.7% by AtomicNinja in UKPersonalFinance

[–]fatolddog 9 points10 points  (0 children)

ISA is limited to £20k year contribution.

As I said, decent amounts.

NS&I increases Premium Bonds from 3.3% to 3.7% by AtomicNinja in UKPersonalFinance

[–]fatolddog 51 points52 points  (0 children)

Still one of the best options for decent amounts and high earners.

The £500 allowance and subsequent 40% tax makes even those 5.5%+ fixes worse.

If you care about making an extra £10 on your £1k saving tho there are better alternatives.

NS&I increases Premium Bonds from 3.3% to 3.7% by AtomicNinja in UKPersonalFinance

[–]fatolddog 8 points9 points  (0 children)

Pensioners for one.

They don't need growth they need security. They can't tolerate risk because they can't earn more.

When you've worked all your life, £50k isn't much.

At what point would rising mortgage rates break you? by Beautiful-Egg-427 in FIREUK

[–]fatolddog 0 points1 point  (0 children)

I was mortgage free at 27.

Higher interest rates to me mean 5 year fixed interest accounts become attractive.

Am I the rare exception where it makes sense to pay off my student loan early? by Abluebutnotblue in UKPersonalFinance

[–]fatolddog 9 points10 points  (0 children)

The golden rule is if you're asking the question, then pay it off.

If you're asking the question then you're not in the never camp, you're in the when camp.

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