The Musings Of An Opinionated Sod [Help Me Grow!]


Trumps Tax Plan Is Genius …

When Trump came to power he made a big deal of lowering tax for everyone.

Of course, what he really was doing was lowering tax for himself – which is weird, given he doesn’t pay any.

Anyway, when I left the country I was still waiting for my tax return to be processed.

A couple of weeks ago, I received this …

Yes, that’s a cheque for $1.

A cheque that probably costs more than $1 to produce.

But better yet, the bloody cheque is void because you only have a year to cash it and that passed on January the bloody 1st.

Given I have another US tax return in the system, I guess I should prepare to live groundhog day in about 12 months time.

You’ve got to admire Trump … he makes big promises that catch the headlines then makes sure they can’t actually happen to which he then blames the people in charge of the operation. The people that he forgets, he is the boss of. Tosser.



You Can Tell How Much The Finance Industry Thinks Of Us By The Products They Try To Sell To Us …

OK, I know banking is an easy target but – as anyone who has read this blog over the years will know – I am more than happy to throw darts at them.

Recently I came across this gem from Nutmeg … one of those financial institutions who give themselves a cool name so they can pretend they’re ‘down with the people’ when everything they say and do demonstrates the opposite.

Have a look at this …

Apart from the fact that they say nothing about what they do or how they do it – because, let’s face it, compound interest is hardly a unique offering – I’m just surprised they are saying that if you leave £20,000 for 40 years you’ll get over £140,000 at the end of it.

First of all, £20,000 is a lot of money.

Secondly, putting £20,000 away that you’ll never touch is an amazingly big ask.

Thirdly – and I don’t want to sound a dick – but I don’t know if £140,000+ sounds that much after a wait of 40 years.

Sure, I wouldn’t say no to it and I appreciate it represents a huge growth on your initial investment, but after removing the £20,000 you put in at the beginning, that works out to be a return of £3,000 a year.

OK, that’s not bad, but it’s certainly not enough to live off and certainly not the ‘most powerful force in the Universe’ that Einstein supposedly said.

And let’s not forget that little bit of copy at the top of the ad that say’s ‘Capital at risk. Forecasts are not a reliable indicator of future performance’.

Yes, they really are saying that everything they’ve just said could be a load of bollocks.

Imagine what else you could do with that strategy …

“Eat chips 10 times a day and could be beating admirers off with a shitty stick*”

[* Your health is at risk. Forecasts are not a reliable indicator of future performance]

Or what about this …

“Buy this skin care and you will look 30 years younger*”

[* Your self esteem is at risk. Forecasts are not a reliable indicator of future performance]

Why hasn’t someone thought of using this cross-category before???

But getting back to Nutmeg … my question is who is this ad aimed for?

Is it for people who are worried about their future and will put all their life savings away to get £140,000 in forty years time – ignoring the fact, that in 40 years time, £140,000 will be worth around £2.77 in todays money?

Or is it aimed at the wealthy … who can afford the investment, but probably expect even higher returns?

Honestly I’m not sure, but one thing I am certain of is that a financial organisation who doesn’t tell me why I should choose them over every other financial institution that also claims if I give them my money for 40 years, they’ll [hopefully] give me more back – but no guarantees – doesn’t stand much chance of getting any of my money.



Thank You For Pretending To Pay Attention …

So I was listening to the radio recently when an ad for Charles Schwab – the investment people – came on.

And do you know what the message was?

‘We really listen to what you’re saying’.

Now I understand the importance of listening [believe it or not] but is that really the big reason to use Charles Schwab?

Isn’t that one of the basic bloody pre-requisites of being a good financial advisor?

What next, ‘we always check our biro’s are working so you can sign all our paperwork’.

I get financial institutions don’t want to commit to actually saying they make you any money – or even selling you a policy in your interests rather than theirs – but come on, isn’t this just a bit insulting?

Not only that, it smacks of a company that is only hearing what they want you to say rather than what you’re actually saying.

What’s your point of view on the financial markets?

What’s your point of view on money?

What’s your point of view on cryptocurrency?

Tell me anything, except when you come into my home, you’re listening.