IFISAcava
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Post by IFISAcava on Sept 27, 2023 15:31:33 GMT
40 billion lets say once completed it last 10 years without maintenance 4 billion a year. ( £4,000,000,000) take 200 working days ( yes I know the average is more but it makes easy maths ) £20,000,000 a day 15,000 people a day use it £1,333 per person per day definately not worth it I think your slide rule needs recalibrating.
Trains carry passengers 364 days of the year, so using 200 days is well wide of the mark. Also, the cost / benefit analysis will have assumed a desing life well over your 10 years. Obviously money will be spent on maintaining the line, but nowhere near £20m per day
only on a leap year. The other three years it's 363 days.
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IFISAcava
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General Equities Discussion
Brickowner
Sept 12, 2023 10:11:27 GMT
Post by IFISAcava on Sept 12, 2023 10:11:27 GMT
Another gloomy update - R***** H***e, over 90% loss of equity predicted.
I suppose it will give some capital losses to write off elsewhere now that the annual CGT allowance is being slashed.
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IFISAcava
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Chat
Teeth
Aug 25, 2023 10:09:51 GMT
Post by IFISAcava on Aug 25, 2023 10:09:51 GMT
Here's a question. Do celebs get tax relief on their unnaturally white knashers? If they do why cant we get tax relief for dental treatment? In the absence of clear HMRC guidance/precedent (which there may be, I don't know), if my job depended on appearance then for sure I'd claim it and see what HMRC said.
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IFISAcava
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Post by IFISAcava on Aug 25, 2023 10:05:13 GMT
no which is why I have my fixed term cash in 1-3 year low coupon gilts, as the capital gain is tax free and the coupon (which is taxable) is a tiny proportion of the return (0.125% - 0.375%). Yields have lessened recently but are still 4.5-5% after tax, which is a lot better than a taxable 5.7% for higher rate tax payers (and you have liquidity, at the price of possible small capital loss if gilt yields go up before maturity). Thanks for the heads-up on gilts as a low-tax/tax-free investment. Where are the best places to buy them from? I use Interactive Brokers - £1 commission for a £1000 bond, with limit buying so you know the price you are paying.
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IFISAcava
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Post by IFISAcava on Aug 24, 2023 14:09:46 GMT
Am I right in thinking the income (interest payments) is tax free? no which is why I have my fixed term cash in 1-3 year low coupon gilts, as the capital gain is tax free and the coupon (which is taxable) is a tiny proportion of the return (0.125% - 0.375%). Yields have lessened recently but are still 4.5-5% after tax, which is a lot better than a taxable 5.7% for higher rate tax payers (and you have liquidity, at the price of possible small capital loss if gilt yields go up before maturity).
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IFISAcava
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Post by IFISAcava on Aug 21, 2023 17:51:19 GMT
So sorry to hear this Berny, a parent's worst nightmare.
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IFISAcava
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Post by IFISAcava on Aug 16, 2023 20:00:55 GMT
Unless I have the wrong end of the stick (which is entirely possible!), supporters of PR mean Preferential voting? Well, there is an even fairer (arguably) and more "accurate" system, and it's called Proportional voting. Google it. Under the moste excellente educatione I received in Oz in my formative years, the Proportional System was thoroughly explained to us and even then (age 13 or so) it made an impact and total sense to me. I also understand (and the knowledgeable on here will again correct me if I'm wrong) that designing a fair, reasonable, representative and accurate Voting System is nigh impossible, it's a challenge that mathematicians have been trying to come up with a solution since the dawn of democracy. I mean proportional Although the system Jenkins designed for the UK was not totally proportional - as you say that isn't really possible. Jenkins recommended 500 constituency seats elected by a preferential vote rather than FPTP (so the winning candidate is elected by at least 50% of voters) - and keeps the idea of "my local MP" which people value. Then 150 seats that are voted for by party, and are allocated on top of the 500 to make it more proportional overall. It may not be totally proportional but it is a hybrid system and works OK in Scotland, Wales and London. The main alternatives are a pure party list (which I don't much like), or some sort of single transferrable vote (like in Ireland) which is more proportional, but is complicated and involves multimember constituencies and so there is not a single local MP.
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IFISAcava
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Post by IFISAcava on Aug 15, 2023 23:08:13 GMT
I think PR ony works in countries where it has been established for a long time and politicians have come to terms with working together. Even then you have the Italian basket case where they've had 8 PM's in the last 12 years.
I don't see any way it would work in the UK, as politicians are not use to working together and all they would do is argue. SNP or Lib Dems holding the balance of power? No thanks.
IMHO better than the DUP ( Unlikely ) but i suppose possible, I have always felt that FPTP gave more stable Governments as they didn't have to compromise. I see here in Wales that a Party that is virtually unchallenged, and knows that it will form the next Government and the one after makes decisions in its own interests and not that of the population. Perhaps Green holding some power would be good as it would force the 2 big parties to address green issues in a proper manner. That's using a PR-ish system in Wales that reels in Labour (with less that 40% of the vote) to have only about half the seats - on the FPTP part of the election they get 67% of the seats! Imagine if the UK-wide system was in place in Wales (or Scotland for that matter).
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IFISAcava
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Post by IFISAcava on Aug 15, 2023 23:00:59 GMT
I think PR ony works in countries where it has been established for a long time and politicians have come to terms with working together. Even then you have the Italian basket case where they've had 8 PM's in the last 12 years.
I don't see any way it would work in the UK, as politicians are not use to working together and all they would do is argue. SNP or Lib Dems holding the balance of power? No thanks.
IMHO better than the DUP ( Unlikely ) but i suppose possible, I have always felt that FPTP gave more stable Governments as they didn't have to compromise.I see here in Wales that a Party that is virtually unchallenged, and knows that it will form the next Government and the one after makes decisions in its own interests and not that of the population. Perhaps Green holding some power would be good as it would force the 2 big parties to address green issues in a proper manner. I don't see that as an advantage most of the time, especially as only a minority of the country voted for whatever it is they aren't compromising on.
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IFISAcava
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Post by IFISAcava on Aug 15, 2023 22:59:40 GMT
Why would the two main parties who always get disproportionate power from the current system ever want to change it? The system is a forever self fulfilling prophecy. That is certainly the theory that often gets wheeled out but haven't the Tories had approximately twice as many years in power as Labour and when not in power (most of the time for Labour) wouldn't they be better off under PR ? Sure, FPTP is usually better for right of centre parties as there is less splitting of the vote, so the Tories are even more pro-FPTP than Labour. But Labour had a huge chance to reform in 1997, set up a Royal Commission (Jenkins Commission), came up with an excellent hybrid system (https://www.electoral-reform.org.uk/what-was-av-the-electoral-system-recommended-by-the-jenkins-report/) with 500 constituency MPs and 150 top up MPs to make it proportional, then decided it could hold on to power given how huge its majority was and just implemented a similar system for Scotland. Winning changes the winning party's (collective) mind.
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IFISAcava
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Post by IFISAcava on Aug 15, 2023 21:59:06 GMT
PR is the way to go but its just a shame the only big party to support that are the liberals (sic) Why would the two main parties who always get disproportionate power from the current system ever want to change it? The system is a forever self fulfilling prophecy.
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IFISAcava
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Post by IFISAcava on Aug 15, 2023 21:55:49 GMT
PR is the way to go but its just a shame the only big party to support that are the liberals (sic) I think PR ony works in countries where it has been established for a long time and politicians have come to terms with working together. Even then you have the Italian basket case where they've had 8 PM's in the last 12 years.
I don't see any way it would work in the UK, as politicians are not use to working together and all they would do is argue. SNP or Lib Dems holding the balance of power? No thanks.
Italy has been a basket case even when they used a past the post system (and it is currently nearly 40% first past the post, so not really proper PR). No other European country uses a fully first past the post system. It is a broken model and long overdue for change, and I would argue has been the driver of a terrible period of government since 2015 that has caused irreparable harm to UK politics and to the UK as a country.
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IFISAcava
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Post by IFISAcava on Aug 15, 2023 21:42:56 GMT
PR is the way to go but its just a shame the only big party to support that are the liberals (sic) I think PR ony works in countries where it has been established for a long time and politicians have come to terms with working together. Even then you have the Italian basket case where they've had 8 PM's in the last 12 years.
I don't see any way it would work in the UK, as politicians are not use to working together and all they would do is argue. SNP or Lib Dems holding the balance of power? No thanks.
Tell to the Scots and the Welsh.
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IFISAcava
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Post by IFISAcava on Aug 12, 2023 18:49:12 GMT
Put your hand up if you're still going to be in the black when AF's loans all evaporate into thin air. Surely the last final penny dropping crowning clincher for P2P investors to never invest in multiple loans to the same borrower.
This has been the only instance where I didn't learn my lesson from Fundingsecure (of course with them no one knew the loans were for the same existing borrowers, nothing to see there for the FCA !)
I only invested £200 in each loan but I have about 12 unique loans which have turned out to be effectively one huge loan.
Ablrate is on track to have a higher net loss then Fundingsecure for me. I wish I could put my hand up, but sadly not. My outstanding capital in all of the loans that received the AF CVA update yesterday is a little more than my current ABLrate net profit. So, if they all get written off I'll be underwater. I've just realised that a couple of groups of loans directly related to AF weren't included, I.e. the WEL loans and the APF loans. Can anyone explain why? I'm guessing that maybe it's because "we" haven't given the security away on these loans! If I add these to my likely losses, then add in the other loans that are looking extremely unlikely to repay it totals something like 3 times my current ABLrate net profit. I was fortunate to have sold all the AF loans in 2020 after the pandemic started - often at a huge discount, and all the discounts took my XIRR down to 9.1% from over 12% - but in retrospect that was a very prescient move. Two largish loans remain (aircraft and valves) but even if they go to zero I will fortunately retain a 6-7% XIRR.
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IFISAcava
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Post by IFISAcava on Aug 4, 2023 13:45:05 GMT
I do hope I have the pleasure of bumping into one or more individuals on the street, I won't hesitate in giving them a Warm Aussie Welcome. Is that like a Glasgow kiss?
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