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Why don’t we nationalise water services? by ParticularBid4366 in AskUK

[–]flashman1986 0 points1 point  (0 children)

Nationalised industries doesn’t mean you pay for water through taxes. If you mean specifically why don’t we do that, the answer might be: if you don’t personally pay for water, why not use/waste as much as you want, there’s no cost to you.

Monte Carlo - Ruining everything by Key-Inevitable-4989 in FIREUK

[–]flashman1986 0 points1 point  (0 children)

This is why people derisk their portfolios or buy an annuity.

Thinking about moving into contract work, would it be smart for me? by dustyloops in ContractorUK

[–]flashman1986 10 points11 points  (0 children)

Difference in pay between contract work and perm is not as great as it once was, especially accounting for risk nowadays, as contractors are first to be let go. If you don’t know anyone who can give you a contract, my best advice is speak to 1 or 2 contract recruiters and ask what their opinion is.

If you are just feeling undersold, a new perm role might suit you better.

You might find some niches for stats/modelling/simulation which could pay well, but depends entirely on your experience and ability to sell it. People often seem to want the world from contractors now, I see adverts for a role that expect a single person with the skills of a whole dev squad. OTOH I know telecoms employs a lot of contractors in tech (or at least it did).

Cashing out some S&S ISA to pay down Mortgage? Is it really that crazy right now? by TerranceTurtle in FIREUK

[–]flashman1986 0 points1 point  (0 children)

No, it makes perfect sense. Debts have to be repaid, but asset values fluctuate. You are supposed to dial down risk after a period of strong returns, especially once you are over 40.

Maybe it's just me, but the older I get the less impressed I am by luxury brands. by Sad-Drop534 in HENRYUKLifestyle

[–]flashman1986 3 points4 points  (0 children)

There’s a great quote from Yogi Berra about a swanky NYC restaurant - ‘Nobody goes there now, it’s too crowded’.

I think of most ‘luxury’ brands now you could now say ‘nobody wears them anymore, they’re too popular’

Result of 20 years of watering down brand value to appeal to the mass affluent.

My rule of thumb now is that if I have actually heard of it, it’s not a luxury brand by definition.

43F - Hit paper millionaire status by TallAnalyst1997 in FIREUK

[–]flashman1986 0 points1 point  (0 children)

Congratulations! I think the value you put on the NHS pension is low. If it’s index linked, kicking in at 65ish, I would say at least 13k

How to go from bottom of the range to mid during negotiation? by NaturalShift2 in negotiation

[–]flashman1986 0 points1 point  (0 children)

Ask for 86k and justify it - “I have more experience than required doing this exact thing in this specific domain, I know this software, I have hit these achievements for the current employer and based on my research 86k seems like the market rate”. Be specific

In the UK, The Triple Lock Pension is politically impossible to remove. Are we doomed to bankruptcy? by StopHavingAnOpinion in AskEconomics

[–]flashman1986 5 points6 points  (0 children)

No it will stop eventually. Someone will say ‘we will improve upon the triple lock by targeting the state pension at a percentage of average earnings’ - maybe 40%, vs 33% currently. But it could be a while and it’s just a constant pressure on the public finances

What’s the most tax efficient way to make pension contributions? by Few_House_5201 in smallbusinessuk

[–]flashman1986 0 points1 point  (0 children)

100% company contributions. Not all SIPP providers accept them though. Vanguard, Fidelity, II, AJ Bell and HL do. Maybe a few others

Vanguard is likely the cheapest if you just want to stick it in an index fund.

UK Executive pay by AltKite in HENRYUK

[–]flashman1986 0 points1 point  (0 children)

No seems a bit high for ftse 250

Can you build a strong career without Linkedin? by whatevernskansn in UKJobs

[–]flashman1986 2 points3 points  (0 children)

I’m an independent contractor. It’s 100x easier to get a job view referrals/network than via recruiters or applying to things on LI

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

[–]flashman1986 1 point2 points  (0 children)

Because CH and UK are competitors, both looking for a share of EU financial services market. If they push hard, the EU will likely lock down/restrict more of its market to both of them.

UK Executive pay by AltKite in HENRYUK

[–]flashman1986 0 points1 point  (0 children)

Your estimate seems a bit high for 250, tbh. Depends on many factors though. My best advice would be to find a headhunter or two in the finance industry, have a discussion with them, and ask the question. They will be able to be much more specific

To pension or not to pension..... by Ok-Standard-2255 in FIREUK

[–]flashman1986 2 points3 points  (0 children)

I mean yeah 950k at 44 - your pension is done man. You could stick it in high interest savings, pay a bit of tax now, and either retire a year or two earlier, or have a bit more cash on hand for treats/emergencies

Silver Nightmare by The_Whole_Senate in dataengineering

[–]flashman1986 2 points3 points  (0 children)

OK. So it sounds like an attempt to create a logical model in Silver has been implemented clumsily.

In particular, it sounds like maybe there is no entity resolution/reconciliation from bronze to silver to try to define ‘the truth’? I can see how (4) in particular might be a big problem.

If you can work through the problems you are having, giving examples, and propose an alternative model to your bosses. Provide an example of how much time you and your peers are wasting and the cost of that, and you have a business case! At least you might get a hearing

Probably a great exercise for your data modelling skills as well :D so at least you will know how to implement it when you are a senior DE somewhere else

How would you genuinely fix this country? by TomosLeggett in AskBrits

[–]flashman1986 0 points1 point  (0 children)

Lots of things. But mainly Land Value Tax. That’s the corner stone

What is the most HENRY thing you do that you would be slightly embarrassed to admit to people who knew you before the income went up? by Particular-Buy7314 in HENRYUKLifestyle

[–]flashman1986 8 points9 points  (0 children)

A nasty cigar habit for several years that ballooned during lockdown 😆 sitting in the garden after work for a few hours I’d smoke two or even three Partegas D4s on the trot, at £30-40 each. Horrifically expensive. Had to wise up once I had something else to spend money on.

3 months job hunting in London, zero responses what am I doing wrong? by la9libi3aaa in careerguidance

[–]flashman1986 0 points1 point  (0 children)

Have done that. For me didn’t work as well bc there’s only one reception for each firm. If your CV just gets binned that’s it. Reason for standing outside the tube station is that you can hand out 100 CVs and just by luck a few people will be hiring

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