Jedisco's Posts
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Perusing the libdem manifesto- they seem to be a breath of fresh air and are ready to have a grown up conversation on topical issues. e.g immigration- they are looking at it from a need perspective and deciding where and how many rather than the Tories (Reform) who go would the populist narrative of 'we dont need them' but then turn around and open the flood gates. Also, they seem to be the largest part with a reasonable percentage in England looking to reenact Brexit. I'm mixed on this. Rejoining the EU would not necessarily favour the African community in the UK esp those looking to move in. It would favour those already here as they can traverse Europe and retire wherever easily. Regarding the effect on the economy, its a mixed bag. I'm leaning towards them. It also helps that they have a good chance in my area. https://www.libdems.org.uk/manifesto
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coldzobo:There'd always be opportunities to ride alyts If you've been through a full cycle, youd know. Let Bitc0in do its thing. Once it starts breaking all time high and in full price discovery, the opportunities to jump into alts would be sooo obvious. That way, knowing when to exit would also be clearer. |
jedisco:A quick follow-up from this.. Just a reminder then when a major coin starts dumping (esp for no clear isolated reason), it usually brings the brings the market down with it. Case innpoint, this market dump being preceeded by a dump in BNB yesterday. Many of us would loose money in crypt0 by buying/selling too often. As a matter of fact, crypt0 is dangerous, fairly unregulated and the majority would loose money- not because the market hasn't been in a good uptrend but because of emotions. Worth zooming out, avoid leverage, ride the bigger move. Have a target and what profits would be used for and be ready to take money off the market/derisk when the time comes and euphoria is crazy. |
Good one- club and fans need to learn. Turnout was good. The NFL should keep up with this so funds can flow into the league |
Papilagreen:No need to revisit this discussion. I've spent over 5 years in the UK and know the nitty gritty of how taxes work both for an individual and a company. Manytimes families are much better off than a single earner as the government understands families need to be supported. Reason why before the recent change, the only way many masters students were able to meet up with their fees was to travel with their spouse. For example, as a family - one person in fulltime employment and the other in a flexible role (which is plentiful), they would easily bring home a combined income well above 3.5k. Both can at least enjoy their taxfree allowance of 23k combined. If one works in certain government or health sectors, (which many Nigerians do) then they have access to generous maternity leave of upto 1yr. With 6 months of full pay and 6months half pay. Even after rent and council tax and heating, they'd have well over 1k to spend. Unlike Nigeria where living essentials like food, clothing, electronics, care e.t.c are terribly expensive. In the UK (and many western nations), basic needs like food are quite cheap relatively. The only thing that might eat into their income would be if for anything, they have to pay for someones labour e.g child care but this is optional and many avoid it. There are loads of families on similar pay who with good planning have gone on to get mortgages, decent cars, and live a decent life. And mind you, this is not a comparing like for like. Someone earning 500k in Nigeria is a top earner. Someone earning £2k in the UK is not far above minimum wage. That person still has room to improve income by picking up some overtime and advancing their career. |
Papilagreen:What are the bills you guys keep repeating? You pay higher for those same bills in Nigeria without knowing. It's thesame narrative whenever such threads come up. You ask them what these bills are and they start saying tax e.t.c forgetting that effective taxation is one of the strong pillars of wealth distribution you see in the West. Anyone migrating to the west should be thankful of their tax system if not there'd be nothing to enjoy there. Why not listen to those who have lived in both nations? One cant save on £3000? Do you think pounds is tissue paper? Let me ask, what do you think is the take home pay of an MP (fairy equivalent to a senator) in the UK? I was earning above the equivalent of 500k today when I relocated to the UK years back. I can tell you I'd take 1500 in the UK above 500k in Nigeria. It's a no-brainer especially for a single person. |
coldzobo:Following it and betc dominance chart closely along with a few others. Been hardly as active in the market this time. Hash ribbons have been a good predictor historically. I've got stung in the past buying after 'capitulation' but before a buy signal printed. Also sometimes when I waited for a buy despite good opportunity being evident, the market had already gone up quite a bit before it printed. Bitc0in has now spent 14 weeks between 60 and 70k, I'd expect things to move quickly to either side once it exits this range. It's cos its still in range I'm yet to buy. I'm still waiting for the buy signal but with some bids on the weekly support. If it starts breaking out of this range, I'd look to buy even if a buy signal has not printed. For dominance chart, it's the reason I'm still not heavily in alts. Once it pushes up into the 60's, I'd start rotating my Bitc0in into alts- hopefully, eth would still be lagging by then. The weekly chart- asides a minor fakeout in August last yr, Bitc0in has held this support since January 2023 (which marked the end of the last dip and start of this run). Bidding close to this support (now at 62k) has worked so far. Not about changing it except the market says otherwise and it starts closing below support. Overall, this is my strategy. I'd be closing off further buys if things break out.
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OladiTwo5:Hehe... ba ur portion be that. Ok.. I'd say £1500. The initial sum is well below minimum wage though I was earning more than the equivalent of 500k naira today when I emigrated years back. I know what I'm saying. |
Little details to work with e.g prospects of further earning e.t.c All things being equal, would even take £1300 over 500k in 9ja |
Gerrard59:It's sad sometimes. Many second gen folks have been exposed to decades of humiliation of black folks without experiencing or hearing our stories. Their psyche has been conditioned towards self-hate. Also the timidity and impoverishment of many Africans back home and in the West doesn't help. It's like we're too quick to absorb insults. It's one reason I'm vehemently against anything that'd unfairly limit attainment or wealth of immigrants e.g selective taxation in the name of exhorbitant visa fees or different bottlenecks in the workplace. One thing I've noticed is how quickly such narratives dissipate once challenged. Even on this thread, I know a time when folks were deriding immigrants and reminding us to be careful because those who voted Brexit were not for looking for Europeans to be replaced by black and brown folks'. It was not until facts were straightened out that our being here is a direct result of the shortsightedness of Brexit voting folks and not out of want but need that the tripe stopped being repeated. I remember telling a someone a few weeks back that if just 0.5% of folks on longterm sick could do my job, I wouldn't have had the opportunity to be here in the first place. Chap started stammering. Go back a few years on NL and I remember one chap from Peckham who's hobby was to insult Nigerians especially health workers and how they wouldn't survive a day in his UK. Not surprising, he has since gone quiet. I don dey find find the rascal since. |
Lexusgs430:It's a tricky one but I agree with your approach. It depends on ones tax rate, mortgage interest rate and a host of personal factors. Personally, after considering both, I decided on a split. My variable rate taken at the peak of the current rate hike made the decision easier. Aim is to push LTV below 60% as below that rate, there's not much to be had on a further reduction in LTVs especially for BTLs which I might transition to. Also on index funds, I'd rather go global than than the U.S only. I think there's alot of recency bias baked into narratives given the overperformance of the U.S over the last decade. History shows performance of the U.S and global markets tend to oscillate around each other. The future might see a relative slowdown in U.S equities. Also, a global index has abt 60% US exposure so I wouldn't miss out either way. Developed market index is a middle ground but I'd rather go global in the hope of a wild card e.g India going on to do very well. It also supports capital flow into developing markets. |
Pennilessword1:Change your circumstance. |
deept:The relationship with higher taxes and what the govt eventually gets is a complex one. Somethings are clear- 1. There is an elastic point above which a further increase in tax rates would not bring more income for the government. Some European nations like France found out the hard way. 2. Effective taxation is one of the very few basic measures to ensure redistribution of wealth in a society. Keyword: effective. 3. On a wider scale, most Europeans would choose the higher tax but better social safety and less inequality of Europe to the less tax, higher growth but less social nets of the U.S. On a personal note though, it's different. Reason why Nordic nations or Switzerland with higher tax rates are still sought after. In GB, yes some folks may leave Scotland but if the Scottish govt is able to use the early rise in income from taxes effectively, (e.g higher education tuition fees e.t.c), many more would move in and they might turn our better overall. I would agree that there are more effective ways of managing tax e.g reduced the steep effect around tax bands to encourage those around the bands to be more productive, reducing tax rates but making capital gains and PAYE equivalent. Taxing long-term wealth more effectively and a few others. But always remember that any tax change always comes with unforseen outcomes. In summary, it's not as straightforward as it seems. Only time would tell. |
Peerielass:I see... all legit. Infact Bullying and unruly kids are major issues with many state schools. On a wider scale though, this is a very easy sell for labour. As inequality and 'poverty' rises, those being envious would only increase. It doesn't help that many of the state schools need lots of work. Also, private schooling offers good advantages in this country. You only have to look at the increasing ratio of private schooled MPs. Its not like they're more intelligent but rather, their education gave them a pedestal. Just like with 'unfair' additional rate taxes, the larger society wants a cut of your money. ![]() |
Cyberknight:Yeah, it's always been a status symbol but the kids enrolled are on the increase. There are a number of reasons for that but thats hardly the issue here. It's the optics on the 'haves- vs 'have-nots'. Your concerns I must add are all legit. Without VAT, fees have been on a constant rise (manytimes above inflation). Including VAT might not translate to thesame fee rise for parents in the longterm. There are options to consider e.g you could look to move and target cheaper fee paying or better still grammar schools. The fact is that the overwhelming majority who are already paying fees would keep paying even with the change. It's for you to adapt. No need stressing on things one cant change. Labour is likely going to win and just like Brexit and recent elections, this is one of their cardinal policies. It's a policy that would only affect a vanishingly small number of Nigerians. |
oluwaleokey: oluwaleokey:Hehe. No major party would want to appear 'pro immigration'. In action, when faced with the tough decisions, they'd usually align. So far in England, it's mainly the libdems that seem to be saying something practicable. I look at other things- these are the factors that would ultimately drive immigration. The Tories who won based on the anti-immigration stance of Brexit turned out to be the ones to let in a record number of folks. I remember telling a white guy in 2019 that I was not opposed to Brexit cos it would personally benefit me. Chap couldn't understand what I was saying then but today, its he does. When Boris Johnson wanted to reinstate the post study visa- the reason he gave was simple- growing the economy. So no need worrying- as day follows night, the UK would always turn to immigration when crunched. It is for you to locate those pinch points and maximise them early. Same applies to many western nations who are faring better.
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missjekyll:Hehe. First, most immigrants are from conservative backgrounds and would be largely opposed to most things around LGBTQ. But then, there need to be some common sense decisions around certain things. Secondly, I find it interesting that over the last few pages on the elections, the focus has been on vat for private schools. If just 7 % of kids are in private schools, the ratio of Nigerian immigrants whose kids would go to private schools would be very low. 1-2% at most. I.e, this would hardly affect us as a community. Personally, if I had kids here, I would look to send them to grammar or private schools. I factored this in when buying a property and had to buy in a town with a good number of well-rated fee paying schools. Even at that, I'm not opposed to the idea. Private schooling is increasingly becoming a status symbol and some vat on that is fair game. One might argue other areas e.g healthcare- the answer is simple. No tax is universally 'fair'. Every nation decides on what to tax and what not to. My main concern is that the money raised would likely be wasted on some 'new shiny project' in state schools that would later be scrapped. Seen this happen too many times in the NHS. Finally, don't be surprised the number of children in private schools will keep rising despite this change. The psychology around items seen as luxury is very much different from essentials. |
Raalsalghul:Thanks for the nice words.. For me, life has been an interesting journey so far. |
Gerrard59:Absolutely agree with the first. Let the child not grow up and start reffering to his compatriots as 'black and brown people'. Also, this is my worry with recent migrants. Due to a number of factors- mainly cost and home security, very few of folks have been able to take family home in 5 yrs. Even among a group of folks who are doing well, virtually no one I know has done that. Being a Nigerian offers me certain investment advantages when investing in Nigeria. As na small small money wey person dey look to invest, the whole process of setting shop in a foreign country while staying in the west is cumbersome. Imagine if we had well developed financial markets where one could buy global index funds safely and cheaply.. That could be a backup option where one could drip feed funds into and profits would be subject to home tax rules which are much lower. Also, with 9ja, we have the advantage of knowing the country quite well and what opportunities exist. We just need the country back on the right track. |
luckygirl02:True.. the constant back and forth in the UK is tiring. Canada is a more prosperous economy with a growing Nigerian community and also just next door to the US. Opportunities would abound |
luckygirl02:Great, but do you think it'd be more rewarding than a similar role in the UK? |
stevolinkon40:PNPs use a range just below the last Federal cutoff. The idea I believe is so that those they invite would take it up. If you just got into the pool and your CRS is above the last draw, you're unlikely to accept a provisional nomination but rather wait for the federal one. |
luckygirl02:Congrats.. That was close Do you mind me asking what healthcare field you're in? |
guobe:Shameful! This reeks of inferiority complex. What happened to hot black females of your kind little man? |
Lexusgs430:Even folks wey don gel go struggle to cough up that kind money go give government. How many of the 2.8m people on longterm sick have contributed upto that sum (aside taxes) to the government in their whole life? Meanwhile, dem no go gree us rest. Interesting thing is that many coughing up these sums are low-average earners. Folks dey struggle with no appreciation. We go survive and multiply. My only prayer is that after all this struggle, let their kids grow up with sense appreciating their parents struggle. That divorce dey fear me. Its one of very few things that can take man back to the trenches. I don reason whether to pack some investments in 9ja first. But the currency dey evaporate. Na why I still dey single lane but man gats join dual carriage soon. |
Abeg make we ho vote- whichever party. Funny thing is that most immigrants tend to tilt more towards conservatidm (i.e Tories here). Maybe due to having a strong work ethic, religiousity, home values e.t.c. Seems immigration is the top point. Nigel said the election is one of immigration hehe... Only 310k Nigerians since 2021 (some of whom would return). Make them calm down. South Africa, Australia e.t.c are not complaining. SAFA was christened rainbow nation and they no cause chaos. I for one love the increased diversity. When I arrived my town, I'm almost always the only black person on the high street. Today, we don get African shop noni. Nigerian restaurant soon to open. When we have party, na soso many little Brits jumping up and down. No complaints! Met a Brit (born in Jamaica) and had been in my town for decades. She said when she came, na only two black people dey the whole town. Today, she comes to church and sees many black kids playing with themselves and is elated and almost in tears remenbering her children enjoy such. My joy is that I follow contribute + support new folks. Rainbow nation noni. My prayer is that our second gen have sense and remember their roots.
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ehizario2012:I come across this quite often and just like the Chinese loan issue, my initial response is simple- why are you worried? Is it because you dont want foreign folks around or you are truly worried about Africa. This usually undresses the hypocrisy before I proceed. Yes, migration of skilled professionals can represent an issue for developing nations and I'd much more prefer the Chinese model of being able to retain/return their best heads than India who exported theirs. The model for development is however not linear and the skill of many of these folks may not be fully utilised at home. This trend can be seen in countless nations including Ireland and the UK. Immigration is as old as man. For centuries until 1985, Britain had a negative net migration. i.e more folks left than arrived. Britain donated millions of folks to the U.S, Canada, Australia, Zimbabwe, South Africa e.t.c (not even mentioning resources taken). How did that affect their development? There are well less than 1 million Nigerians in the UK. For a nation of over 250 million and increasing by over 5 million folks annually, we can decide to donate 1 million annually. Afterall, Britain did it for centuries and came out strong.
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Lexusgs430:I keep thinking about this and wondering. 19k? After 6 years, the total immigration sum paid for a small family of 2 parents and 2 kids is well north of 50k. These same folks go still need get mortgage and plan for retirement e.t.c while being restricted in job search. Why then do those who are not encumbered by these fees and free to work as they see fit keep talking about cost of living/food banks/house price unaffordablility? Abi their suffering threshold (as one put it) is less than immigrants who are created to suffer? More needs to be done to put these numbers out there. As anytime the talk of immigration comes up and I bring these numbers up, folks begin to stutter. |
Paid praise singers looking for cutback from a government contractor |
profemebee:Fair point. Bargains can be had but it's worth knowing why. For a developed nation with a highly regulated housing market, prices are not arbitrary. In every town/county, some places are cheaper and manytimes these differences are historic, for a reason and very hardly change. Affordability aside, except if one is seeing something others are not (unlikely), or there is significant development at the cusp of completion and you think its not yet been priced in (e.g Victoria line) or in an area undergoing gentrification i.e lots of new money pouring in and buying up everything as happened in lots of London and now Manchester. Cheap areas tend to be cheap for a reason. In my area where I've been on the lookout for months now, before long its easy to know the floor price. It's almost always the case that when a much cheaper property comes up, its either in a specific part of town or has a significant issue. |
Schoolhike:When I picked up additional jobs, all I did was apply for bank roles. Employers looking to take you up would know not to exceed 20hrs. Also going through agencies could make it easier. They'd help connect you to employers that you could work for in a flexible manner. |
kwakudtraveller:Hehe... again need This is same Germany that opened its doors to 1 million refugees a few years ago ease labour shortages. We'd continue to see this ping-pong with different western nations. Like I said a while ago, this decade would be an interesting one. The capitalist system is one that's fed by constant growth. To change that, would be to change the very fabric and outlook of modern western societies. Are the really ready? Without immigration, the population of the west today would be in a steady decline. Add that to many having robust socialist policies and developing nations increasingly refusing to be prey and ask how they'd be supported. Like Brexit, it's easy to say no immigration, but what happens when the eastern Europeans stop coming and home support and care homes cant be staffed? Does the government make those same boomers suck it up and pay a higher council tax, give up their state pension e.t.c to pay for British care or does the government scurry up to let migrant workers in? The question is not if but where and when next. |
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