PensionCraft helps you become a better investor. Check out our membership at https://teapawt.net/t.co/fPH1uujATU & videos at https://teapawt.net/t.co/vplcQIzcU0 Tweets by @ramincharles
Amersham, South East
Joined December 2016
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PensionCraft retweeted
🎙️ NEW EPISODE COMING!
Just recorded with @PensionCraft!
Topics covered:
✅ "Play dead" investing strategy
✅ Global ETFs vs stock picking
✅ Psychology of investing
✅ ETF costs & fees
📅 Episode drops late next week!
Big thanks to Ramin for his openness and inspiring perspectives!
PensionCraft retweeted
Average UK house prices increased by 2.9%, to £292,000 in the year to September 2024, down from £293,000 in August 2024.
Average UK private rents increased by 8.7% in the year to October 2024, this is up from 8.4% in September 2024.
Read the release ➡️ ons.gov.uk/economy/inflation…
ALT Line chart showing UK rents and house price annual inflation rates were up from last month.
PensionCraft retweeted
Trump's 2024 election win likely contains information about expected stock returns, but probably not the information that you expect.
The U.S. equity risk premium going back to 1927 has been much higher under Democratic than Republican presidents.
The explanation is important.
PensionCraft retweeted
The Monetary Policy Committee voted by a majority of 8-1 to reduce #BankRate to 4.75%. Find out more in our #MonetaryPolicyReport: b-o-e.uk/mpr-nov-2024
ALT We have cut interest rates to 4.75%
PensionCraft retweeted
Only just seen this. This is of course only a forecast, but it is not a happy one.
If things turn out as OBR currently expects - worst income growth of any parliament bar the last one - I fear we will not have a happy electorate come the next election.
The last parliament, including a pandemic and cost of living crisis, saw per capita disposable household income rise by just 0.3% per year.
But the forecast for the current parliament suggests that it will be the second worst on record for household incomes.
#Budget2024
ALT Chart shows average annual change in RHDI by parliament. Title states: "Real household disposable income is forecast to rise by just 0.4% per year over course of this parliament."
PensionCraft retweeted
The thing about "the UK’s tax burden is now at a record high", is that this is also true for almost all countries 📈
PensionCraft retweeted
AIM shares are up following the Budget announcement that the IHT exemption will be replaced with a 50% relief. But only by 4%.
PensionCraft retweeted
OBR has downgraded forecast of household income growth due in part to a "substantial part of the employer NICs increase being passed onto real wages".
To be clear govt HAD to increase income tax, NI or VAT. But to suggest this doesn't impact people's incomes is ludicrous
PensionCraft retweeted
This is the killer chart from OBR (hat tip @danhanson41): impact of budget decisions on growth. Short term boost from spending and longer term from higher public investment but OBR sees that crowding OUT some private investment not crowding in as Chancellor suggested….
PensionCraft retweeted
According to budget documents, bringing pensions into a person’s estate for IHT will raise £640mn in 2027-28, £1.34bn in 2028-29 and £1.46bn in 2029-30. Lots of questions on details of implementation!
PensionCraft retweeted
🚨FINAL ANALYSIS🚨
Vice President Harris would add roughly $4 trillion to the national debt, under our central estimate.
President Trump would add almost $8 trillion to the national debt, under our central estimate.
READ: crfb.org/papers/fiscal-impac… via @BudgetHawks
Short 🧵
PensionCraft retweeted
The U.S. is leading the world in historic economic recovery. GDP growth is strong, unemployment is near historic lows, and inflation has dropped significantly. @POTUS and @VP are focused on lowering costs for families and expanding our economy’s capacity. home.treasury.gov/news/press…
PensionCraft retweeted
CPI rose by 1.7% in the 12 months to September 2024, down from 2.2% in August 2024.
Read the release ➡️ ons.gov.uk/economy/inflation…
ALT Line chart showing annual CPIH and CPI inflation rates at lowest level since July 2021 and April 2021 respectively.
PensionCraft retweeted
"In the 40s and 50s there was no capital gains tax. So if you were very wealthy, you didn't pay 98% tax on your income: you converted it to capital and paid nothing."
@DanNeidle on the history of the capital gains tax.
🎧 Listen to our podcast here: linktr.ee/ifszoomsin
PensionCraft retweeted
Data shows a lack of skills and a tight jobs market are presenting seemingly insurmountable barriers for many young people in the UK on.ft.com/3Nkwp2p
PensionCraft retweeted
Here's the key chart -- inflation vs. wages
Wages have grown faster than inflation for 17 months now. That's helping people get ahead.
Wages for "rank and file" workers have grown faster than inflation since President Biden took office.
PensionCraft retweeted
NY Fed President John Williams: "The current stance of monetary policy is really well positioned."
The decision to cut by 50 bps "was right in September and it would be right today."
"We had put in a very restrictive stance of monetary policy in my view; we had kept it at a very restrictive stance all the way until the September meeting."
"I personally expect that it will be appropriate again to bring interest rates down over time."
Other bits from the FT's interview by @colbyLsmith
• On monthly job growth, which has been volatile: "Things like quits and vacancies ... probably give a better read of what’s happening in terms the state of the labor market."
• On why the unemployment rate has risen with GDP growth above 3% last year and running around 2.5% this year (above estimates of the long-run potential growth rate of around 2%): "My reading of the evidence is that we’re still in the midst of getting significant, strong labor supply growth from immigration. That’s probably going to taper a bit ... but it’s still a positive.... At least in the near term, the supply side growth rate of our economy has been above 3% over these two years."
• Williams is relatively unperturbed by the surprising stubbornness of shelter inflation: Higher housing readings are "probably in a way echo effects of past events. It doesn’t reflect the tightness of the market or the imbalance in the economy in terms of inflation rates going forward . . . Forward-looking indicators are moving closer to our target."
ft.com/content/f6185278-5b40…
