• 2 Posts
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Joined 2 years ago
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Cake day: June 9th, 2023

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  • No. I’m implying that in general, international trade works by shared openness or shared closeness. If one country or economic region puts an import tax on something, the reciprocal thing is likely to be taxed by the opposite partner.

    I was responding to someone saying “oh this just creates a monopoly for Zucks” when in fact the Chinese social companies have a monopoly in China (an ENORMOUS market) because our products are blocked over there.

    So what we are doing is in line with the norm in international trade.















  • Yes, I’ve got a detailed plan and I’m sticking to it. In 12 years from now, my youngest will be 15 and I can start winding down. I can’t imagine doing nothing, but with some part time work I think my wife and I can stretch to make it work. Requires that the oldest self-fund through university, which I had to do, so I’m ok with that.

    Currently 47, which is probably substantially older than most people here. The concept of “retirement” (winding down) seemed so far away (didn’t start saving for it until late twenties) but compounding interest really is the most powerful force in the universe.

    Of course if the stock crashes, plans may have to change. I’m slowly moving towards a stronger bond mix but that lowers return and pushes dates out. It’s a hard balance.

    I think I’ve accounted for everything that one can plan for; late life care costs, risk of both my wife and I living to 100 (in a financial sense, we should all be so lucky), higher spend until 75, then lowered. There’s a risk that the UK removes universal state pensions, which would drastically alter my plans.

    https://imgur.com/a/MAWe4eq