Actually, one bit more

So, current pensioners eat their capital. They sell their investments over time that is.

So, we’re going to make all new pensions savings now buy those secondary investments. Because savings must be in new stuff, right?

So, what happens to the price of those secondary investments? And what do current pensioners get to eat then?

16 thoughts on “Actually, one bit more”

  1. Dennis: Oppressor, Warmonger, Capitalist and Consumer of Petroleum Products

    So, what happens to the price of those secondary investments? And what do current pensioners get to eat then?

    RM and his pals couldn’t care less on either account. All he sees is a big pot of money.

  2. Good news.

    Spud is now writing columns for AccoutingWeb.

    Why good news?

    Because he cannot stop you replying to his columns……

  3. Dennis, CPA to the Gods

    Spud is now writing columns for AccoutingWeb.

    I think I’m going to register there. Pissing off most everyone here is fun and all, but pissing off Murphy on a regular basis would be glorious.

  4. ‘So, current pensioners eat their capital. They sell their investments over time that is.’

    Assuming – probably incorrectly – he means what he says, this is the way it’s done.

    Gamecock has a pension and Sociable Security. Between them, I have MORE take home pay now than I did when I was working. Pretty much covers my needs.

    I also have accumulated assets worth a lot. Once or twice a year, I do an analysis.

    A. How much do I have in liquid assets?

    B. How many more years of vital life am I going to have?

    C. Divide A. by B.

    The answer tells me how much of my assets I should be selling off and spending every year. Whether I need to or not. No reason to leave any when I go. Also note that the earnings on the assets actually offset some of my withdrawals.

    Anyway, if you don’t eat your assets, you’ll leave them, since you can’t take them with you.

    “Did he leave anything?”

    “Everything.”

  5. Dennis, Doofus Crusher

    Gamecock –

    RM is beyond embarrassment. However, he is vain, egotistical and touchy. I can work with that.

  6. @AndrewC: “Spud is now writing columns for AccoutingWeb.”

    He’s back where he was in 2005 then. Probably the reason he’s so mad these days, releasing that he’s gone nowhere in 15 years.

  7. @NoelScoper,

    As he so often tells us, Ritchie has changed the world! Governments, international organisations and tax authorities throughout the world have accepted his agenda. Funny how none of them have ever offered him a job though….

  8. PF just Google accountingweb.

    Tim, Dennis and I have already commented.

    Obviously we can’t be insulting on there. I’m going to adopt curious incredulity as my main commentary. Spud has more inconsistencies in his arguments than an animal sewn together by a drunk Dr Frankenstein working in the dark from a bin full of odds and ends swept off the floor of a zoo hit by a large bomb.

  9. OK, that’s weird – re-reading, my first post just disappeared! Tim doesn’t censor, so presumably the spam trap not liking “http” and “spud” in the same breath..:)

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