Certified Financial Planner. Independent Financial Adviser. Retirement Planning, Investment Management and Estate Planning. Posts are personal, and not advice.

Joined December 2009
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I am a qualified, regulated and practicing financial planner. You can find me... On @TheFCA register register.fca.org.uk/s/indivi… The @CISI members directory cisi.org/cisiweb2/cisi-websi… And the @pfsconf members directory thepfs.org/membership/member…

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Creating wealth from building rockets (or anything else) is what encourages others to do the same and that creates competition If there was no money in building rockets (or anything else) who would try?
Replying to @afneil
Are you being facetious? Such levels of wealth distort democracy with access to power. Such concentrations of wealth are bad for the consumer - it eliminates competition by swallowing up competition via M&As, market dominance etc. and don’t get me started on the term “self-made”
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David Hearne, CFP™ retweeted
222K likes. The fixed pie fallacy is probably the single most destructive delusion on the planet. The belief that wealth cannot be created—only distributed—has done more than any other to stop people from lifting themselves and others out of poverty.
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Scrapping the triple lock would be planning ahead. (Sorry to quote post you, the OP blocked me so I can’t reply directly to your comment)
Exactly well said you would expect a financial planner would realise that
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Safety nets are to protect you if things go wrong Not to make things better every year The triple lock was not designed to protect state pension, it was designed to increase it, which it has done, a lot
‘Triple Lock’ is a loaded term chosen for propaganda purposes at the time. It ought to be called triple layered safety net because that’s its actual purpose.
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SpaceX is a wonderful example of human endeavour leading to wealth creation But so is recognising that human exuberance can create it’s own (small) wealth creation opportunities from time to time
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I said the increases were generous No one else sees their incomes go up by the best of three different measures each year Not workers Not other benefits recipients Only state pensions (Sorry to quote tweet, I couldn’t reply because the OP blocked me)
£12500 a year is generous. Really?
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David Hearne, CFP™ retweeted
The typical American household would need to *create value* for more than 11 MILLION years to make Elon Musk's level of wealth. We’re fortunate to have people like him creating value that makes the rest of us wealthier because most of us, including you and me, simply don’t have what it takes to do what they do. We need more trillionaires.
Elon Musk just became the world's first trillionaire. The typical American household would have to work more than 11 MILLION years to make Elon Musk's level of wealth. We need a wealth tax.
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SpaceX is an American success story But not to every American
Elon Musk just became the world's first trillionaire. The typical American household would have to work more than 11 MILLION years to make Elon Musk's level of wealth. We need a wealth tax.
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SpaceX. Either way it's going to the moon🚀
Lots of competing views on the SpaceX IPO. Personally, I just think it's awesome to live during a time where the IPOs sound like science fiction. How cool is that?!?
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To anyone who suggests the state pension is not a benefit... You could trawl the details of the 1946 National Insurance Act, but it's 110 pages long legislation.gov.uk/ukpga/Geo… Or, you could look at this 1948 family guide to National Insurance, that makes it very clear it is a benefit wdc.contentdm.oclc.org/digit…
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Scrapping the triple lock does not reduce pensioner incomes. It just stops them increasing so fast. I wish more people understood this.
Ruth Curtice , Chief Executive of the ‘Resolution Foundation’ , who is calling today for the Triple Lock on the state pension to be scrapped, worked for 15 years at HM Treasury where she was Director of Fiscal policy. So we can be sure she has a very good, probably gold plated, civil servant’s pension herself. It’s always the same with people calling for the triple lock to be scrapped. The first question that these people, who want to reduce OUR state pension provision, should be asked when they are interviewed is ‘what pension provision do you have?’. The second is: ‘who funds your think tank?’ But of course these questions are never asked . resolutionfoundation.org/abo…
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For those who cant tell the difference We can scrap the triple lock AND state pensions can still go up
Is there an alternative path to the poorly designed and less effective than hoped triple lock? In Chart of the Week, we consider alternative uprating mechanisms and what they would have meant for pension values. That and more in Top of the Charts here➡️ buff.ly/YdqarcE
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The deep fakes of Nigel Farage and Andrew Bailey, and the paid Ads on X, may have baffled most of us, but I am now dealing with the real world consequences. Elderly clients lured to 'AI' investment scams Thankfully they contacted us before losing any money.

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David Hearne, CFP™ retweeted
I feel like a lot of discourse around wealth taxes would go away if more people understood the difference between stocks and flows.
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For now, I’m happy to remain a customer rather than an owner of SpaceX
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David Hearne, CFP™ retweeted
Jun 11
The Spurs know how to TAKE the lead, they just don't know how to HOLD the lead. And that's really the most important part of the lead: the holding
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David Hearne, CFP™ retweeted
Yes. And I will 💅
Is she running? Labour deputy leader Lucy Powell complains 'three men' are vying for No10 and suggests a woman will have to 'clean up the mess' trib.al/sX2EjTv
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15% in the polls
Andy Burnham would do well to ignore this fearmongering. We need a stable economy with a long term plan to boost public services & tackle economic inequality. Britain will thrive if we invest in people and places, rather than worry about shrill voices from the City of London.
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David Hearne, CFP™ retweeted
Brilliant
Whenever certain campaigning around social media bans or Martyn's Law is brought up, I'm reminded of this Mitchell and Webb radio sketch from 2005. Here's a transcript: -- Those are the headlines at 5.09 and for an immediate reaction to today's event I think we can speak to Tom Hilton hello Tom? uh hello Chris Pal here from Radio 4, thanks for speaking to us. Can I ask what your response is to today's announcement that Rail North East will not be funding the laser assisted train early warning system? uh well yeah I personally think it's a shame So it's shame on the management, shame on the government? well I suppose but look - can I just say I'm really not the best person to talk to about this, I mean it's weird you even happen to to call me. You see by a spooky coincidence I actually lost my wife in a train crash. Yes, we know. one that exactly this kind of system could have prevented. That's why we were in touch with you Tom. oh! oh right. blimey that does seem a bit... almost... ghoulish. Well, no it's it's because you've got personal experience of a rail tragedy that your views are so important. really? I would have thought that it was because I've got personal experience of a rail tragedy that my views should be dismissed out of hand. No, no, look... Would you say that, to you, safety is by far the most important issue facing the rail network? well of course I would my wife just died in a train crash. Thank you. but you really should talk to someone else it's impossible for me to have any objectivity at all. Right, but, but if spending the three billion on the system could bring back your wife, that would be worth it? well, obviously, although I must stress I lack - any - objectivity. Nevertheless, what would you say to the minister? What would your message be to him? my message would be: minister, good luck in judging how to allocate your finite resources given the many competing demands you face.
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