Struggling With The Cost Of Living?

[Guest sibon]

30 minutes ago, trastrick said:

You could be a beneficiary of such windfall profits if you invested in a few shares of those publicly traded entities.

 

'Course you'd have to take a little risk, with nobody to bail you out if you guessed wrong! 

 

Stay safe!

 

 

Interesting assumption on your behalf.

 

However, that  is all in hand, for me at least. But thanks for the unsolicited and unnecessary advice.

 

Nevertheless, profiteering on this scale leaves a bad taste in the mouth.

Edited July 28, 2022 by sibon

[trastrick 866]

Just now, crookesey said:

He’d need a lot more than a ‘few shares’ to cover current increases.

If you start early enough, are sure of your opinions, many "have nots," have turned into "haves".

 

It's done all the time.

 

But there's so many reasons people can find, "not to bother".

[trastrick 866]

Just now, sibon said:

That is all in hand, thank you.

 

However, profiteering on this scale leaves a bad taste in the mouth.

Risk vs reward.

 

Runs the world.

 

Ever buy anything "made in China"?

[crookesey 635]

4 minutes ago, trastrick said:

If you start early enough, are sure of your opinions, many "have nots," have turned into "haves".

 

It's done all the time.

 

But there's so many reasons people can find, "not to bother".

I’m not exactly a stocks and shares virgin, just telling it how it is, take it or leave it.

[Guest sibon]

Just now, crookesey said:

I’m not exactly a stocks and shares virgin, just telling it how it is, take it or leave it.

I’d be leaving most of the “advice” that Trastrick offers.

Like you, I’ve plenty of investments, but I’d question the morality of a company increasing profits five fold, whilst throwing millions into fuel poverty.

 

Mercifully, my energy is fixed until next summer, and I can minimise heating bills quite easily with my log burner, or a trip to Spain. I do feel for those who don’t have those options. Wouldn’t it be refreshing to see our politicians actually do something about it.

[trastrick 866]

Just now, crookesey said:

I’m not exactly a stocks and shares virgin, just telling it how it is, take it or leave it.

I understand Crooksie.

 

In my family growing up, and in our old neghborhood, we didn't know one professional above a labourer, or anybody who had every been inside a university, except for Uncle George who was a plasterer. I was the first in my family to go even go into a trade, apprentice electrician.

 

Imagine if our parents, uncles, cousins, had been doctors, accountants, lawyers, and investment managers, how we would have done. 

 

 

Edited July 28, 2022 by trastrick

[crookesey 635]

11 minutes ago, sibon said:

I’d be leaving most of the “advice” that Trastrick offers.

Like you, I’ve plenty of investments, but I’d question the morality of a company increasing profits five fold, whilst throwing millions into fuel poverty.

 

Mercifully, my energy is fixed until next summer, and I can minimise heating bills quite easily with my log burner, or a trip to Spain. I do feel for those who don’t have those options. Wouldn’t it be refreshing to see our politicians actually do something about it.

I’ve not heard anything from the two Tory leadership contenders about this.

[Pyrotequila 405]

So how high do energy bills have to rise before people riot?

[crookesey 635]

20 minutes ago, Pyrotequila said:

So how high do energy bills have to rise before people riot?

We don’t riot, currently we do bog all, folk must have far more money than I thought.

[Mister M 1,628]

1 hour ago, crookesey said:

I’ve not heard anything from the two Tory leadership contenders about this.

I posted this earlier on another thread Crookesy 

4 hours ago, Mister M said:

Just been reported that PM hopeful Liz Truss won't impose a windfall tax on energy companies despite making humongous profits:

I won't impose a windfall tax despite record profits for energy firms, says Liz Truss (msn.com)

 

14 minutes ago, crookesey said:

We don’t riot, currently we do bog all, folk must have far more money than I thought.

Ecxept in the Poll Tax riots. I can honestly see it coming to that.

[trastrick 866]

The problem is that economy hurts only a select few.

 

The rich don’t care , the poor get their benefits indexed. So do the government bureaucrats, and their unions, with indexed pensions.

 

The under the table cash traders are not affected, only the poor, law abiding, tax paying working stiff who carries the burden for the whole deal.

 

And the load gets heavier, until it breaks his back.

 

Then you have a change in government for better or worse!

 

 

 

Edited July 28, 2022 by trastrick

[El Cid 221]

1 hour ago, Pyrotequila said:

So how high do energy bills have to rise before people riot?

How high do energy bills need to be before people buy solar panels and even small wind turbines?

 

11 minutes ago, trastrick said:

The problem is that economy hurts only a select few.

The rich don’t care , the poor get their benefits indexed.

Do you really think that benefits will increase with inflation, around 12%?