AnythingWithWheels

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  1. AnythingWithWheels

    Credit deflation and the reflation cycle to come.

    Much as I dislike posting OT - I’ve just flown Ryanair, with the supposed new cabin bag policy. Everybody got to take their bag into the cabin just like the old days. Certainly, none of the people sitting near me had paid the new charge to guarantee a place in the cabin. It does amuse me how, years ago, people wanted bugger all hand luggage as it’s a pain in the arse carrying it to the gate. As much as possible went in the hold. Now, taking hand luggage costs extra...
  2. AnythingWithWheels

    Crowdfunding Seedrs

    Totally agree CV and I’ve got some PYPL too, but see them as a much longer term bet. Revolut just looked too cheap to pass up during the Seedrs funding round, given their breakneck growth. The only downside was that the investment limit was £1,000, or I’d have gladly had more. I’ll take a profit when proper price discovery becomes available; I don’t plan to hold onto them too long. PayPal, on the other hand, are in a dominant position in a growing marketplace. The only thing that bothers me is their margin, or lack of it.
  3. AnythingWithWheels

    Crowdfunding Seedrs

    I also hear bad things about Revolut customer service, but the point many people miss about such outfits is that they have global reach. Revolut might not be up to much if you're used to HSBC Premier, but if you're in the Philippines, Argentina or Indonesia (or wherever), they offer a ton of services that your local bank won't.
  4. No, low skilled immigration destroys the lives of anyone who earns just enough to live comfortably, but can't afford to pay someone to wash their car. The feckless were always going to be on benefits. Low skilled immigration increases the tax burden on everyone who works for a living and forces down the wages of those who work low-paid jobs to earn a living.
  5. AnythingWithWheels

    Crowdfunding Seedrs

    Yes - I bought some Revolut shares last year. They're up almost 300%. The only issue is selling; Seedrs' secondary market operates on a fixed price basis, so you can only transact at a price that is, at the moment, well below what secondary investors would actually be willing to pay if there was true price discovery.
  6. AnythingWithWheels

    Hammonds attack on the Self Employed

    Some of the reporting on this topic is complete toilet. Self-employed people by definition do not operate through a Ltd Co. There's also no such thing as a PSC - no such definition exists in the tax code. Most of the NI that is avoided by working via a PSC is actually avoided by the supposed employer, so "The Treasury is finalising plans to overhaul tax rules which allow self-employed people to avoid paying national insurance contributions" is bollocks. Your humble one-man band Ltd Co owner will pay 20% on any company profits (which is pretty much 20% of everything invoiced for most contractors), then full PAYE or dividend tax on income extracted from the company bank account. You don't get sick pay, holidays, pension contributions, maternity leave - you don't get anything. And you can be sacked tomorrow, without reason. Disclosure: I work through a Ltd Co, because no company in the industry I work in will not employ me through any other arrangement. I don't know anyone who would f*ck about operating a Ltd Co if there was an alternative.
  7. AnythingWithWheels

    Slumification of UK housing

    Lack of relevant skills is no bar to employment in investment banking I wish I was joking...
  8. AnythingWithWheels

    Slumification of UK housing

    How's your C++ and KDB?
  9. AnythingWithWheels

    Slumification of UK housing

    Yep, you can get your feet under the table at any reasonably large corp and just check out. I do short contracts in IT at investment banks; the permanent staff I encounter broadly fall into three categories: (1) not up to the job, but impossible to sack, (2) smart but lazy (waiting for redundancy money) and (3) smart and willing. The number of people who fall into the third bucket is tiny, and most of the people in the first two buckets are on six figures plus a bonus, there or thereabouts.
  10. Near Blackhorse Road station, over by the reservoirs.
  11. It's in Walthamstow, and it's not even in the nice bit, which is still a shithole, just with better cafes.
  12. AnythingWithWheels

    Credit deflation and the reflation cycle to come.

    They are - and at a relatively small premium to the 1oz coins.
  13. AnythingWithWheels

    Credit deflation and the reflation cycle to come.

    To those of you asking where to buy silver coins - I always use goldsilver.be, paying in EUR using TransferWise. All above board, and without the 20% VAT penalty. Just bought some nice 10oz Queen’s Beasts and more Britannias to add to the stack.