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Does absolutely nothing for me I'm afraid.

Looks like a big bill for the roof on the main residence. Price though relatively looks cheap.

I wasn't expecting what was inside https://www.rightmove.co.uk/properties/147646886#/media?channel=RES_BUY&id=media0&ref=photoCollage

This one comes with its own chapel. https://www.rightmove.co.uk/properties/147637019#/?channel=RES_BUY

I absolutely take your point. But I just had to add…..technically some energy does grow on trees😆 Re money: it’s an interesting conversion of labour, real assets, services etc into a store of wealth for immediate exchange or future purchases. Once we think that that money is pounds/dollars and someone can just ‘make’ those pounds/dollars it begins to turn to shit. All you can do in the normal run of things is play the game, keep up with the printing……and if a true currency crash comes then hopefully have another store of wealth as a hedge. Of course the other option is to have the basics ie unencumbered house, food, heat, some stuff and a decent real skill/job and fuck all saved.

Yes I agree, but there's the conundrum. As I understand it: The first function of money is as a means of exchange. You exchange your asset, be it your labour or something you've made or acquired for something else you need or want. Economics 101. Then it becomes a store of wealth you set aside a part of your labour by deferring consumption so that you can later exchange it for something you need or desire. Later it becomes a means of control and consequently power. You can use your money to pay someone to do something you want them to do for you. So far I understand it and its meaning for sums that an individual can generate.Its meaningful to me for sums that I can contemplate. When it comes to the vast sums available to individuals, organisations and governments then I lose sense of its meaning. Imagine you're as wealthy as Bill Gates. You can get up in the morning buy everything you want and when you go to bed you have more money than you started the day with. What would that do to you. Reviewing what I've written looks to me as if I've answered my own question..

Best explanation of money I've ever read inc all the stuff about Cyprus etc @sleepwello'nights is on a weird but very interesting site here: https://reevolution.earth/kb/money/

This is the problem the West now has with Russia and the BRICS nations.

I’m current sat around 7.5% yield which beats CTY at 4.92% yield. I don’t need to pay fund fees. ANY fee compounds over a long enough time as a drag. plus with such a long investing horizon (state retirement age will be 75+ and private 65+ for my cohort) I have plenty of time to own a bit of everything. There are plenty of dividend paying companies which are not worth owning. and yes it’s not all just about yield. it’s PE ratios, payment history, debt burden etc. world-wide there are also great companies which generate decent income also, for now starting with the FTSE but will eventually move on to others. I think the plan is to never sell the portfolio, and live off the dividends, and pass onto to future children, as the house crisis cannot be fixed over just 40 years, so without help my children will be born as indentured servants for their whole lives.

In my job I have created a few innovations, and although small do make things slightly more efficient. in life every single one of us stands upon the shoulders of giant's. my tiny contribution will slightly increase competitiveness of the company I work for, and competitors will have to up their game a fraction. in some small way I have a tiny body of work will had added to human progress. which will make the products a fraction cheaper and lead times a little shorter, which then goes onto making food a fraction cheaper, and humans in general a little leaner. I don’t think pooping out children itself is all that special, it’s as natural as taking a dump, if you can raise children who go onto contributing to society, either through their own innovations, or supporting society to give others the ‘space’ to innovate, then it is a good thing. think life’s purpose is to contribute to the human struggle. to play your part. for your life to have some meaning, some kind of result. and this is not from the point of view as some kind of swarm or ‘human infestation’, technology is a wonderful thing. We can become less impactful through technology. it’s also why certain ‘jobs’ are morally horrific, like BTL, where nothing is created, they act as drags and damage progress, to leech of others. Same goes for certain banking jobs. our lives are finite, we are but ants, I guess what I’m saying is ‘make it count’.

Why not just buy CTY? It would be a bit easier to manage.

In my teens I went through a period when I was seeking the answer to a question that has puzzled philosophers for time eternity; what is the purpose of life. I read everything that came my way searching for an answer, text books, novels, magazines. I stumbled on a book, The Sonnets of Sakespeare. I recall a phrase, 'Tis the duty of a man to have a son. Over the years I recall the phrase and thought it was a line from a sonnet and try as I might I could not find it. I now realise it was part of an analysis by the academic author of the book explaining the thrust of the sonnets. https://www.folger.edu/explore/shakespeares-works/shakespeares-sonnets/read/ Without trying to be vulgar all I can say is that I found it most enjoyable making the effort to procreate. I continued the effort for many years even after fulfilling my duty to have a son. An enduring regret was not having the financial resources that enabled me to share my efforts with a greater number of nubile women. I was fortunate that the woman who choose to marry me satisfied me. Carnal thoughts still persisted. * in a roundabout way I've answered the question posed by the thread, except about my financial investments which is the narrow scope of the question. I've more significant material possessions acquired over my lifetime and the non financial value of a long marriage with two children who we enjoy good relationships with.

I know people on here get it, but the average person does not, so I think it is always worth reminding ourselves of. Doesn't matter how much "money" anybody has without the energy and natural resources to back it up. It's tragic enough that most people think money grows on trees, but they think energy does too.

Congratulations. Stick to the plan. I had exactly the same philosophy at your age. It is amazing how things start to snowball in a positive way after you reach a certain point. Needs patience though.

This. MMT is basically communism by banking. It ignores the fact that people will not work (put energy into a task) unless they can get back something of value. If currency is printed at will under MMT, people will quickly work out that energy in from them =/= energy out they get. They will stop working. At which point communism starts to use guns on the workers. Always happens. Imagine two countries, the UK and Australia. UK adopts MMT and starts to print pounds non stop to pay for everything. Australia doesn't. UK wants to buy copper from Australian mines to make lights work. Australian mine owner says 'wotcha got to pay with'. UK says - here, a billion quid. Australian miner say.... er, nah, it's worth nothing mate. Chinesey dude over there is paying me in gold. Bye! And the lights go out in the UK

A friend of mine sells caravans and motorhomes. Most of his stock is new with some secondhand. Nothing is cheap. His two types of customers are those just retiring with a pension draw down and what he calls young lads (probably about 30) who work in the trades and turn up with the wife and kids and with most of the money in cash in a Tesco's carrier bag. I doubt the t look like they could afford a caravan either.

You won't even get a room here for £400, let alone London.

Yeah that doesn't ring true Also there is literally nowhere anywhere near London you can rent a room for 400. Most places even double that won't get you a room Also being a teacher for a maximum 6 years won't see her take home pay at more than 2500 a month Seems a load of made up nonsense But good to link back to in a few years when she is complaining that her rent and service charges have doubled and the flat has lost 100k in value

Doesn't square up to me. It sounds like a bit of an advert. So the purchase price was £530000 and her share is £132,500, so she is being charged £497 a month on £397500? Idk much about shared ownership but the rent is 2.75% on the portion you don't own. So mortgage cost = £606 Shared ownership = £910 Service charge = £288 Almost certainly these flats have district heating = £100-200 Seems absolutely unaffordable as a teacher living on their own.

Store of value. MMT steals money from the economy of money by diluting it, but it doesn't expand the pot, it merely shuffles the wealth around. Otherwise everyone would be printing themselves rich!

For me, money is the tool that allows exchange of value to occur. What is value in a human system? Worthwhile human effort and time that produces something that's needed by one of a million markets. When the human input loses value, the perception of value is warped over time. Combine that with credit and it amounts to a lot of valueless shit. Credit is the bastardisation of money. The con man's money. Precisely because there's no human value in it's production. Like Bitcoin. Buy a couple of computers and press go. No human effort. It's exactly why AI art is bollocks. There's no time and effort in it. It has no value. The logical endpoint of that is computers trying to swap something it created in 0.2 seconds for something else some other computer created in 0.2 seconds, except there would be no need because it could do it itself. The value is entirely eradicated. Value is held both in utility and in human achievement. Hence gold's intrinsic value. It takes massive amounts of time and effort to produce it while at the same time being indestructible, uncopyable and useful. We have lost the value of and within ourselves. We're more valuable than we appear to collectively believe.

Adding value can be subjective. How many of the millions of additions to GB in the last 20 years add needed goods and services to our economy that improve our output and living experience? At the minute it feels like the UK establishment is printing currency and humans.

Where MMT falls over is simple ,you would be relying on governments to be responsible/prudent etc,where in reality it would be a race to see who could print the fastest Creating money via debt is what i would call the safety valve ,which discourages the above occurring ,,ask Zimbabwe etc I think China has the nearest we will ever come to seeing MMT where by the major retail banks are government owned and the currency is not floated RMB ,money is still created via debt the same as in the west but that debt is almost all held within the country ,then they mainly use these banks to finance their own industries/infrastructure ,whilst the smaller retail/private banks finance private/personal lending, how do they mange to control it ,,they still hang bankers that go rouge

Because this way we have to pay rent on all the money in existence to the banks.

The same applies to everyone, not just immigrants - not many have a lifetime average wage of £50k as the average is closer to £30k. It's just another part of the government's basic mismanagement of the country, both their failure to secure the borders, and their failure to create a productive economy.