CharlieKo

It works. Have used it myself.

3 hours ago, Chongalulu said:

As another poster pointed out that is not APR (true interest rate) Briefly by halfway through the repayment period you've repaid half the capital but still being charged interest on the whole sum. It roughly works out at double the quoted sum. But at 4% real rate that is still good and beating inflation,so you are actually ahead ! 

That isn't actually correct. My understanding is that you pay off the interest first before the capitol amount is reduced. interest is not calculated on an amount outstanding. It is calculated on the loan amount. I Know the amount I borrowed and I also know the amount that will be paid back over the period of the loan.  

49 minutes ago, vinny41 said:

Government has set rules for new car interest rate at max 10% per year

Not sure where you get 10% from. Bought a new car for the wife and paying under 2% per annum interest on the loan.  

Do you have a wife or long term Thai girlfriend who might be willing to stand as surety for a loan on a vehicle? If so you could get finance for the car. 

16 minutes ago, Yagoda said:

how do you know he was a Yank

Watch the video! I hope they arrested that a hole! 

Why would you use 40 year old foundations and pipes etc on a new build. Just knock it all down and start from scratch. 

3 hours ago, JeffersLos said:

 

One of those bar stories that I've never once seen any reality to. 🙂 

I wouldn't know, I don't hang around in bars. But I'm talking about what I see to be true in so many cases. 

On 4/3/2024 at 12:48 PM, BarraMarra said:

Most countries around the world are placing sanctions on Russia

Yes and look where it's got them. They are all suffering the consequences of their folly, while Russia is doing just fine. And incase you hadn't notices the global south is 100% behind Russia. Only the west have been stupid enough to impose sanctions that don't work.

1 hour ago, scott1999 said:

Good question. Let's start with the miners you're gonna need S21s 200 hash,  Each miner is about 150,000 baht times 5 miners 750,000 plus the electric at 7,000 baht a month = 35,000 a month times 48 months = 1,680,000 plus the miners total 2,430,000 times 2 = 5,000,000 baht for 2 Bitcoins. Now after 4 years you can still mine and if you have solar again that's clear profit. But let's keep it to the next cycle 4 years for now. Bitcoin is $70,000 = 2,600,00 baht times 2 = 5,200,000 baht. So if Bitcoin doesn't go up in the next four years you will just about break even now here's the gamble some people (Blackrock and so on) estimate in four years time it will be between 250,000 to $1.5 million dollars. I'm taking that gamble. Conservatively let's say$300,000 each 600,000 dollars = 22,000,000 baht 

That's assuming you actually get to mine a Bitcoin. You are up against some very big mining farms. With hundreds of miners. It is the power of these miners which assure they can actually solve the calculations to mine BTC. Dare I say if you DCA'd into BTC with your 750,000 baht and then took that 7000 baht electric cost per month and bought what you could the price would average out over time. So when, say in the next two halving's and the value is $1,000,000.00 plus. That would be a greater return I thing. 

You should also take into consideration that after about 18 months or so BTC enters into a bear market. So in a couple years from now the price of a Bitcoin could be 40-50% or more lower than the ATH of this cycle. Assuming History repeats itself and so far with BTC, it has. 

Either way it's a gamble but with Dollar Cost Averaging you are accumulating BTC. There is no guarantee you will actually mine any BTC over a 4 year period. Also your S21s maybe enough for now. But as the tech is forever moving forward will they be enough for next year or the year after?  If it was so easy, everyone would be doing it!

1 hour ago, scott1999 said:

5 miners will get me to 1 bitcoin in the next 4-year cycle. 10 miners = 2 and a bit Bitcoins

How old are your miners? If you aren't using the latest type of miner then as mentioned you are unlikely to mine much BTC. Also as the tech moves forward will you renew those miners in a year or 2. How much is each miner going to cost? I have read that the break even cost to mine 1 BTC is about $37,000!

I wish you luck, But even with 10-13 miners I'm not sure if it will be enough to mine BTC successfully. With the halving of BTC supply on the 18th of April It's going to be even harder. You'll need up to date miners to even have a chance.  

24 minutes ago, youreavinalaff said:

You don't know me so can't possibly justify that comment. Same goes for the comment about "most" police

Likewise, You don't know me either so justify your comment! "most police" being the bobby on the beat. 

2 hours ago, youreavinalaff said:

You must spend your life talking to the police, or not.

 

You must be either a criminal or you are exaggerating.

To come up with that reply, you must have the same brain power as most police!

4 hours ago, TorquayFan said:

Hi Charlie. Sorry but UK Govt. debt is approaching £3 trillion equating to £44,000 approx for every man, woman and child. More than £150,000 for every 4 person family. Financed by borrowings and the printing of money.

 

 

 

 

I thought it might be higher, but wasn't sure to the amount. 

17 minutes ago, noobexpat said:

 

Not sure about diminishing ...maybe GDP is useful data for this??  

Imagine oil and banks and our giant service industry has a great year - bumper corporation tax, for example.

 

All into one big pot. As long as the books balance, the status quo can largely continue.

 

Maybe the younger generation won't feel so entitled to state pensions and then something can change.

Judging by what is happening in the EU and UK, I would say GDP hasn't been as good as wanted the printing of money etc doesn't help. I understand the UK is in dept for over 1 trillion GBP. This all has to be paid back. Higher taxes, cutting back of services etc. At some stage it will all come to a shuddering halt. Governments are the worse managers of finance.  

59 minutes ago, noobexpat said:

Largely irrelevant.

Its just re-shuffling of government revenue

Which is basically diminishing funds. Which in turn means it can't go on indefinitely. Sooner or later funds run dry and the only way to keep  funding is through insurance for NHS and Pensions. Or money printing! But the UK government still thinks it is an international player, so is funding lost causes like Ukraine and yes throwing money at illegal immigrants rather than turning the boats around. Or pissing money away on things like the HS2 or what ever it's called.

43 minutes ago, noobexpat said:

The level of entitlement that old folks have towards it is also quite extreme.

Understandable when all some have is the state pension. Yet the UK provides the worse pension compared to some EU countries. Not to mention the triple Lock on pensions is buying the vote!  

25 minutes ago, noobexpat said:

 

Many smaller employers are paying the minimum contribution into "auto-enrolment" schemes. The combined total is a measly 8% of qualifying earnings.

 

For average folks this will not amount to much in retirement and therefore state pension can't be abolished. It has periodically been reducing in value over many years though.

 

With 28 years until my state pension, who knows what it will look like. But luckily i don't particularly care.

 

 

Tell me if I'm wrong, But aren't National insurance contributions around 2% or qualified earnings? As for the pension can't be abolished! I beg to disagree. The same with the NHS at some stage the government will have to look at other funding methods. I think people will have to take out some sort of insurance to cover any medical needs. The government can't just keep poring funds into a black hole which both the NHS and state pension is. They just don't have the ball's to be honest with the people.

I thought the government was going to do away with the state pension. People coming into the workforce now have to in role into a private/ company pension scheme. So eventually the state pension costs reduce and then disappear As those receiving state pension die off.

2 hours ago, sirineou said:

To say that Brexit has nothing to do with the poverty issue , simply makes no sense. Perhaps if you said "little to do" I might agree.

   I don't think there is anyone in the world that argues Brexit helped the UK economically. Poverty is an economic issue.

The war in the Ukraine did not help , but the war in the Ukraine is not affecting the UK only it is affecting the whole of Europe . The whole of Europe is having its own issues, but not as bad as the UK , So what is the contributing factor that is making things more difficult in the UK? 

I would argue Brexit.

If you look at what is really happening in the EU, UK and USA. They are all committing suicide. They all placed sanctions on Russia but they are cutting their own wrists!

The problems are mass uncontrolled immigration, Getting involved in Sanctions that do not work, and funding a war against Russia which the Ukraine could never win. And by sending arms to Ukraine have effectively disarmed ourselves. Our politicians are idiots who should never have been voted into Parliament! 

Brexit was a few years ago now. Judging by how bad things are in the EU. Their economy down the drain etc. Do you really think re-joining would help the UK. I wonder how much more funding we would have had to contribute to the failed EU. We are better on our own. The biggest joke is the west sanctioned Russian oil and gas. But the UK, EU and even the USa, buy it, but through India. Confiscating Russian assets in the west has made the rest of the world take notice. They are stopping to use the $. I think the economic power is shifting away from the west to Asia.