Groups | Search | Server Info | Login | Register

Groups > alt.acme.exploding.newsgroup > #5691

Re: Money money money

Show all headers | View raw

BeH <beh.on.usenet@gmail.com> wrote in news:u2rqj9$t36t$3@dont-email.me:

> On 30.04.2023 13.52, Merlyne wrote:
>> 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.
> 
> I think so. The place with all the monkeys went bankrupt I think. Also
> I think I heard that those cartoon jpegs sell for ~10% of the original
> price. I guess some of the first things that went NFT; internet-iconic
> video clips and so on have some value as a copy-righted commodity -
> but mostly it was just a scammer festival... [I make no comparison to
> various block-chain currencies, for legal reasons]
> 
I heard there are events-parties and whatnot were a certain NFT is the 
ticket in.

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