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Flashheart
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« Reply #20280 on: Monday, February 26, 2018, 11:13:51 » |
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I can't really decide if this annoyed me or amused me. I'll pop it in here:  From the daily mail. The advice of their 'financial expert' is that if you want to save some money then you should, erm, save some money. Easy. Just £5.50/day as well. Just under £40/week, or around just £150/month. Per child. I bet there's households up and down the country wondering why they didn't think of it themselves. |
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horlock07
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Posts: 18726
Lives in Northern Bastard Outpost
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« Reply #20281 on: Monday, February 26, 2018, 11:15:47 » |
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I can't really decide if this annoyed me or amused me. I'll pop it in here: From the daily mail. The advice of their 'financial expert' is that if you want to save some money then you should, erm, save some money. Easy. Just £5.50/day as well. Just under £40/week, so around £160/month. Per child. I bet there's households up and down the country wondering why they didn't think of it themselves. To be fair it doesn't mention immigration, snow, house prices or cancer so is one of their more informative and accurate pieces. |
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The Artist Formerly Known as Audrey
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Posts: 19377
?Absolute Calamity!?
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« Reply #20282 on: Monday, February 26, 2018, 15:19:11 » |
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Utter shambolic goings on at the piss stains. New owner press conference was a fucking gem.
They’re all expecting to be the next Leyton Orient.
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pauld
Aaron Aardvark
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Posts: 25436
Absolute Calamity!
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« Reply #20283 on: Monday, February 26, 2018, 15:23:44 » |
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Utter shambolic goings on at the piss stains. New owner press conference was a fucking gem.
In what way? From what I can gather if it was so, would be largely a continuation of the shambles they made of running Reading |
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Tails
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Posts: 10011
Git facked
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« Reply #20284 on: Monday, February 26, 2018, 15:36:42 » |
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Any links to it mate?
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BambooToTheFuture
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Posts: 10142
I'll Tell Ya Now - McGurk Is The New Graham
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« Reply #20286 on: Monday, February 26, 2018, 16:22:05 » |
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I can't really decide if this annoyed me or amused me. I'll pop it in here: From the daily mail. The advice of their 'financial expert' is that if you want to save some money then you should, erm, save some money. Easy. Just £5.50/day as well. Just under £40/week, or around just £150/month. Per child. I bet there's households up and down the country wondering why they didn't think of it themselves. Forgive me if I'm wrong (I've been known to be  ) but even the least frugal of money-savers can work out that at c£2k per year multiplied by 10 is only c£20k. Even if they add another 60 years of savings until they're 70, only totals c£120k + c20k that mummy and daddy set aside gives a total saving of c£140k. Not bad but can someone explain to me (or more importantly, the genius in the article) where the other £860k is coming from? I know there used to be some decent accounts out there. Can't quite fathom how it's going to gain around 750%. You'd need an account paying compound interest at around 7.5/8% If you do, I'd like to talk with your financial advisor please.  |
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'Incessant Nonsense'
______________________________________________________________
'I'm gonna tell you the secret.
There's a threat, you end it and you don't feel ashamed about enjoying it.
You smell the gunpowder and you see the blood, you know what that means?
It means you're alive. You've won.
You take the heads so that you don't ever forget.'
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Flashheart
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« Reply #20287 on: Monday, February 26, 2018, 16:25:17 » |
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I can't read the article as it's blocked by my ISP.
The answer to your question might be in the article. It's the daily mail, though, so probably not.
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BambooToTheFuture
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Posts: 10142
I'll Tell Ya Now - McGurk Is The New Graham
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« Reply #20288 on: Monday, February 26, 2018, 16:35:18 » |
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I can't read the article as it's blocked by my ISP.
The answer to your question might be in the article. It's the daily mail, though, so probably not.
Ahh ok. Nahh I won't bother, don't want to send any of my traffic that way. They'll start asking me to subscribe and ringing me up, telling me that China is to blame for Brexit and it would've been handled much better by Churchill, Thatcher or Enoch Powell. |
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'Incessant Nonsense'
______________________________________________________________
'I'm gonna tell you the secret.
There's a threat, you end it and you don't feel ashamed about enjoying it.
You smell the gunpowder and you see the blood, you know what that means?
It means you're alive. You've won.
You take the heads so that you don't ever forget.'
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RobertT
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Posts: 11717
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« Reply #20289 on: Monday, February 26, 2018, 16:54:50 » |
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It does indeed suggest the pot doubles every 10 years due to compound interest, and is a little bigger due to tax breaks initially..
It's not completely unreasonable from a technical perspective. It is however highly unlikely that anyone bar existing millionaires can afford to put that much away every month while also trying to save for their own pension and live. In which case, you'd probably have a million to hand down anyway.
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BambooToTheFuture
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Posts: 10142
I'll Tell Ya Now - McGurk Is The New Graham
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« Reply #20290 on: Monday, February 26, 2018, 17:20:45 » |
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It does indeed suggest the pot doubles every 10 years due to compound interest, and is a little bigger due to tax breaks initially..
It's not completely unreasonable from a technical perspective. It is however highly unlikely that anyone bar existing millionaires can afford to put that much away every month while also trying to save for their own pension and live. In which case, you'd probably have a million to hand down anyway.
I can see it clearly if you were to get a decent rate of say 11% but it's just a guy stating the obvious really. Save some cash early to have more later. I'd say you'd achieve around 8% if it was in stocks over that kind of long term or obviously higher returns if you were prepared to raise the risk factor but that requires very strong hands. |
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'Incessant Nonsense'
______________________________________________________________
'I'm gonna tell you the secret.
There's a threat, you end it and you don't feel ashamed about enjoying it.
You smell the gunpowder and you see the blood, you know what that means?
It means you're alive. You've won.
You take the heads so that you don't ever forget.'
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Samdy Gray
Dirty sneaky traitor weasel
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Posts: 27137
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« Reply #20291 on: Tuesday, February 27, 2018, 06:16:39 » |
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Logic checks out.
Source: I'm a financial adviser.
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Samdy Gray
Dirty sneaky traitor weasel
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Posts: 27137
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« Reply #20292 on: Tuesday, February 27, 2018, 07:24:47 » |
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And because I'm said enough to work it out:
10 years of £2500/yr, or £208/mth @ 7%
= 208 * (1+(0.07/12)^120 -1)/(0.07/12)
= 208 * 1.008862/(0.00583)
= 208 * 172.947
= 35972.976
Then another 55 years at 7% per year
= 35972.976 * 1.07^55
= £1,486,223.57
The Daily Mail can actually be right about something.
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Private Fraser
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Posts: 1595
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« Reply #20293 on: Tuesday, February 27, 2018, 08:23:30 » |
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Can't find the actual post but someone posted the other day about goalkeepers always taking a slug from their water bottle after making a mistake/conceding a goal. This guy has taken it to a whole new level!  http://www.bbc.co.uk/sport/football/43187129 |
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4D
Or not 4D that is the question
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Posts: 21922
I can't bear it 🙄
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« Reply #20294 on: Tuesday, February 27, 2018, 09:06:31 » |
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Logic checks out.
Source: I'm a financial adviser.
Except the 7% bit  |
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