Groups | Search | Server Info | Login | Register

Groups > alt.acme.exploding.newsgroup > #5671

Re: Money money money

Show all headers | View raw

BeH <beh.on.usenet@gmail.com> wrote in
news:u2jkom$31g06$3@dont-email.me: 

> On 28.04.2023 14.35, Merlyne wrote:
>> BeH <beh.on.usenet@gmail.com> wrote in
>> news:u2b20q$1c23i$3@dont-email.me: 
>> 
>>> On 25.04.2023 13.18, Merlyne wrote:
>>>> BeH <beh.on.usenet@gmail.com> wrote in
>>>> news:u2460a$3v373$2@dont-email.me: 
>>>>
>>>>> On 22.04.2023 16.09, Merlyne wrote:
>>>>>> BeH <beh.on.usenet@gmail.com> wrote in
>>>>>> news:u1tpg4$137u7$1@dont-email.me: 
>>>>>>
>>>>>>> On 20.04.2023 13.00, Merlyne wrote:
>>>>>>>> BeH <beh.on.usenet@gmail.com> wrote in
>>>>>>>> news:u1kc3t$365k5$3@dont-email.me: 
>>>>>>>>
>>>>>>>>> On 16.04.2023 15.33, Merlyne wrote:
>>>>>>>>>> BeH <beh.on.usenet@gmail.com> wrote in
>>>>>>>>>> news:u1cs62$1o0bf$5@dont-email.me: 
>>>>>>>>>>
>>>>>>>>>>> On 14.04.2023 13.35, Merlyne wrote:
>>>>>>>>>>>> BeH <beh.on.usenet@gmail.com> wrote in
>>>>>>>>>>>> news:u19vjc$15hvs$2@dont-email.me: 
>>>>>>>>>>>>
>>>>>>>>>>>>> On 12.04.2023 12.56, Merlyne wrote:
>>>>>>>>>>>>>> BeH <beh.on.usenet@gmail.com> wrote in
>>>>>>>>>>>>>> news:u13h5v$2jr35$1@dont-email.me: 
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>> In a startling bit of news, in seems I will this year
>>>>>>>>>>>>>>> receive a tax refund. 
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>> Whatever am I going to do with an extra €110...?
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>> {I thought you were a non-Euro country}
>>>>>>>>>>>>> {I converted it for your convenience}
>>>>>>>>>>>> {How is that convenient for me? Euros are like Monopoly
>>>>>>>>>>>> money to me} 
>>>>>>>>>>> {Because the exchange rate between euros and dollars is
>>>>>>>>>>> close enough to 1to1 that you are spared the calculations as
>>>>>>>>>>> well as the looking up the exchange rate for DKK}
>>>>>>>>>> {Either way, I have to look up values when quoted in a
>>>>>>>>>> currency other than my own}
>>>>>>>>> {But for a rough estimate you can assume one euro is about the
>>>>>>>>> same as one dollar. The amount I get back isn't *exactly*
>>>>>>>>> €110... probably. I cant be bothered to look up the exchange
>>>>>>>>> rate for so little money.} 
>>>>>>>>>>>>>>
>>>>>>>>>>>>>> Bet it on the winning horse.
>>>>>>>>>>>>>
>>>>>>>>>>>>> I don't bet. And if I did bet, I wouldn't know which horse
>>>>>>>>>>>>> were going to win. And if I did know, I would have to get
>>>>>>>>>>>>> to a race course, since off-site betting is not a thing
>>>>>>>>>>>>> here AFAIK. 
>>>>>>>>>>>>>
>>>>>>>>>>>>>> I usually get between $1500 and $2000 CAD back.
>>>>>>>>>>>>>
>>>>>>>>>>>>> And do you bet them on horse races?
>>>>>>>>>>>>>
>>>>>>>>>>>>
>>>>>>>>>>>> No. I invest it and use the investment as a deduction on
>>>>>>>>>>>> the next year's tax return.
>>>>>>>>>>>
>>>>>>>>>>> So you lose money on your investments?
>>>>>>>>>>>
>>>>>>>>>> Not necessarily.
>>>>>>>>>> When I invest in a registered saving plan then I get a tax
>>>>>>>>>> deduction regardless of what vehicle I use. If I put the
>>>>>>>>>> money in a GIC then it will not lose money since it is
>>>>>>>>>> invested say at 3% for 5 years. If I invest in something
>>>>>>>>>> stock-based like a EFT then it could lose money. 
>>>>>>>>>
>>>>>>>>> Okay. So like a pension plan only different...
>>>>>>>>>
>>>>>>>>
>>>>>>>> Yeah. It's a retirement savings plan administered by moi.
>>>>>>>> At some point I have to convert it to an annuity. 71 I think.
>>>>>>>
>>>>>>> And then you will have to pay tax on them...
>>>>>>
>>>>>> I can roll the money tax free from the retirement savings plan to
>>>>>> the annuity. Each year, I will have to take an amount out and I
>>>>>> pay tax on that.
>>>>>>
>>>>>>>
>>>>>>> At one point the company administering my pension suggested to
>>>>>>> their costumers that they - it they were released from their
>>>>>>> obligation to always be able to pay out the legally mandated
>>>>>>> return on investment (and indeed the sum of past payments) they
>>>>>>> could play around with it as with their 'own' money and maybe
>>>>>>> get a higher return in the end. I declined - and not even
>>>>>>> politely. And then we had a couple of rather spectacular
>>>>>>> financial collapses related to very popular investment
>>>>>>> objects... 
>>>>>>>
>>>>>>
>>>>>> That's not good for the investors.
>>>>>>
>>>>>> They prey on people's greed.
>>>>>
>>>>> Quite. This is the pension company affiliated with the bank who
>>>>> recently paid millions in fines for facilitating money laundering
>>>>> through it's Estonian branch. Also had to pay back loads to
>>>>> customers who had been overcharged on fees for loans. And
>>>>> committed some other transgressions I can't even remember now... I
>>>>> should probably cash in my pension fund. 
>>>>>
>>>>
>>>> And what? Hide the money under your mattress?
>>>
>>> I could pay for a solar power installation and some batteries, and
>>> seriously reduce my electricity bill. Or invest it myself through my
>>> own bank, who doesn't do stupid and unethical stuff like the other
>>> one. 
>>>
>>> OR I could buy NFTs - I hear they are going to be great
>>> investments... 
>>>
>> 
>> Great idea!
>> Who knew you could make money buying/selling jpegs?
> 
> Well, you can't any more I think. Had to be in and out before the
> entire thing went splat!
> 

Did it?
I'm so out of touch with the fake digit art scene.

Back to alt.acme.exploding.newsgroup | Previous | Next — Previous in thread | Next in thread | Find similar

Thread

Money money money BeH <beh.on.usenet@gmail.com> - 2023-04-11 13:43 +0200
  Re: Money money money Merlyne <kamilot3@aol.com> - 2023-04-12 10:56 +0000
    Re: Money money money BeH <beh.on.usenet@gmail.com> - 2023-04-14 00:26 +0200
      Re: Money money money Merlyne <kamilot3@aol.com> - 2023-04-14 11:35 +0000
        Re: Money money money BeH <beh.on.usenet@gmail.com> - 2023-04-15 02:46 +0200
          Re: Money money money Merlyne <kamilot3@aol.com> - 2023-04-16 13:33 +0000
            Re: Money money money BeH <beh.on.usenet@gmail.com> - 2023-04-17 23:01 +0200
              Re: Money money money Merlyne <kamilot3@aol.com> - 2023-04-20 11:00 +0000
                Re: Money money money BeH <beh.on.usenet@gmail.com> - 2023-04-21 12:45 +0200
                Re: Money money money Merlyne <kamilot3@aol.com> - 2023-04-22 14:09 +0000
                Re: Money money money BeH <beh.on.usenet@gmail.com> - 2023-04-23 22:55 +0200
                Re: Money money money Merlyne <kamilot3@aol.com> - 2023-04-25 11:18 +0000
                Re: Money money money BeH <beh.on.usenet@gmail.com> - 2023-04-26 13:30 +0200
                Re: Money money money Merlyne <kamilot3@aol.com> - 2023-04-28 12:35 +0000
                Re: Money money money BeH <beh.on.usenet@gmail.com> - 2023-04-29 19:39 +0200
                Re: Money money money Merlyne <kamilot3@aol.com> - 2023-04-30 11:52 +0000
                Re: Money money money BeH <beh.on.usenet@gmail.com> - 2023-05-02 22:08 +0200
                Re: Money money money Merlyne <kamilot3@aol.com> - 2023-05-03 11:17 +0000
                Re: Money money money BeH <beh.on.usenet@gmail.com> - 2023-05-05 23:21 +0200
                Re: Money money money Merlyne <kamilot3@aol.com> - 2023-05-07 13:46 +0000
                Re: Money money money BeH <beh.on.usenet@gmail.com> - 2023-05-08 20:48 +0200

csiph-web