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Re: Money money money

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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?

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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

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