Interesting link.
Final sentence-
“Somewhere, Al Capone is looking up at all this and wondering why he ever bothered with organized crime.”
Open question - Financial
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Final sentence-
“Somewhere, Al Capone is looking up at all this and wondering why he ever bothered with organized crime.”
The folding of all these mince assets associated with musk into spacex is a shill move. The company that somehow escaped the doge cuts and that is essentially bankrolled by the US govt otherwise it would probably not survive, specially not after being loaded with these horse dung assets. Plenty of offloaders making money hand over fist with the general public, mugs like us with pension funds, and US tax payers paying the monetary price and the price of platforms like X helping cause divisive politics and trouble on the streets, eg as seen recently in Belfast. Incredible.
Think 'causing' is bit of a stretch - but opinions. We are all entitled to them.
( Also we are walking into Political view points , so best all have a cuppa and close the screen down. )
Interestingly there has been a lot of talk about the role of social media in those disturbances, which is not a political statement, and their role in helping fan the flames. Certain view points were being promoted by people who have no clue about the situation on the ground. Things get tense enough around this time of year without the gormless trying to stir and make it worse. That is not a political statement, it’s a statement of fact.
And a thread regarding financial matters is the ideal place to air those view points?
For the past week I have started to slowly 'dollar cost average' back into oil again. In my opinion there are multiple bullish factors which are set to rise the price of oil up much higher in the future. Probably before the end of the year but who knows?
Due to the recent ceasefire between the US and Iran we are currently seeing a glut of oil coming out of the Persian Gulf which has temporarily lowered the price. This has caused what I think is a now a great buy-in price point to reinvest back into the oil markets again. There is allegedly also record amounts of shorting happening in the oil markets at the moment, which if true will have helped to artificially lower the price further than it should be.
However I do not expect these current oil prices to remain low for long. The largest factor likely to influence an oil price rise in the future is the fact that there are far fewer empty unladen ships inbound for the Persian Gulf than there are full oil laden ships exiting the Strait of Hormuz. For every three tankers leaving there is only one going back in (and a most of those are Iranian). Shipping rates are still continuing to increase too and the insurance premiums have remained much higher than they were before the war started. All this looks to me to be a setup for an incoming global supply crunch sometime towards the end of this year.
The SPR levels (US Strategic Petroleum Reserve) are also continuing to be rapidly depleted. The storage facilities in Cushing Oklahoma are fast approaching their operational bottom. A similar rapid level of depletion of other countries strategic oil reserves located elsewhere around the world are also continuing to be drained at record rates too. Despite this most people haven’t changed their energy use habits so the global energy demand has remained largely unchanged from where it was pre-war. So even in a best-case future scenario where war between the US and Iran does not restart again, these factors have created a near perfect setup to explode the price of oil upwards (pun intended).
Of course this is only my personal opinion and nothing written here is intended to be financial advice.
Due to the recent ceasefire between the US and Iran we are currently seeing a glut of oil coming out of the Persian Gulf which has temporarily lowered the price. This has caused what I think is a now a great buy-in price point to reinvest back into the oil markets again. There is allegedly also record amounts of shorting happening in the oil markets at the moment, which if true will have helped to artificially lower the price further than it should be.
However I do not expect these current oil prices to remain low for long. The largest factor likely to influence an oil price rise in the future is the fact that there are far fewer empty unladen ships inbound for the Persian Gulf than there are full oil laden ships exiting the Strait of Hormuz. For every three tankers leaving there is only one going back in (and a most of those are Iranian). Shipping rates are still continuing to increase too and the insurance premiums have remained much higher than they were before the war started. All this looks to me to be a setup for an incoming global supply crunch sometime towards the end of this year.
The SPR levels (US Strategic Petroleum Reserve) are also continuing to be rapidly depleted. The storage facilities in Cushing Oklahoma are fast approaching their operational bottom. A similar rapid level of depletion of other countries strategic oil reserves located elsewhere around the world are also continuing to be drained at record rates too. Despite this most people haven’t changed their energy use habits so the global energy demand has remained largely unchanged from where it was pre-war. So even in a best-case future scenario where war between the US and Iran does not restart again, these factors have created a near perfect setup to explode the price of oil upwards (pun intended).
Of course this is only my personal opinion and nothing written here is intended to be financial advice.
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aaaaaahh. you will be fine. I have been there more ties than I care to imagine. Something always turns up. good luck xxxx
Are you able to claim job seekers allowance or any other benefits to tide you over for short while until you find a new job?
As a side note from that (I have no affiliation with this person) could I suggest that you consider taking a look at this Free Financial Survival Guide which can help change the way you approach money and wealth in the future. There is also a 10 question questionnaire to give you some more personalized information based on you own current situation.
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I love your attitude. Something does indeed always turn up if you look for it and keep working.
It's amazing to think that 25 years ago I was £12,000 in debt, out of work and addicted to drugs. Despite that I kept on grinding and looking and something did indeed turn up. I met my girlfriend who took me under her wing and helped to set me on a path to success. I stopped taking drugs, I found all of the jobs that I've worked over the years and I paid off all the debts on my own. I did all of those things with hard work and graft myself but it was the the good advice and the 'leading by example' from my girlfriend which was what altered the way I think about life which actually enabled me to be able to achieve all of those things.
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Look for some little easy wins on the side.
If you don’t have a Monzo card, sign up with this:
Transfer some money to that account and make a purchase with it within 30 days and we’ll both get a £10 bonus from them. Use it for something you would normally buy then you’ve gained £10. There’s a slim chance of it being £20 or £50.
There are other things like it too.
Sign up for survey apps like prolific. At least get on the waiting list for that one.
Get a walking app for a longer term pay out:
Macadam, The Step Counter. - Apps on Google Play
Step counter & pedometer: walk, run, track daily steps & earn rewards.
TopCashback is another possibility but probably not suitable in this case:
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Due to renewed fighting in the Middle East this weekend it's safe to assume that oil will almost certainly spike up on Monday morning as soon as the markets open. Today might be an ideal time to consider topping up any fuel tanks you have which aren't full as these current low prices look unlikely to stay low for much longer in my opinion.
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good stuff. i used to worry. now i'm not bothered. grateful for the small things and very solution based. strangely it all changed when the drugs went. 29 years clean of that rubbish now . xxxxx
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Typical! A few hours before the markets opened this morning Trump announced there was another ceasefire agreed and so nothing much happened with the price of oil as a result.
I should have guessed really. It seems to be a fairly common modus operandi with the US. As soon as the markets close on Friday evening bombs and missiles start flying then two days later a few hours before the markets open again on Monday Trump tweets there's another cease fire so as not to upset the stock markets. Give it another week or two they'll probably do it all again.
At these low oil prices I'm still dollar cost averaging into a position adding a little bit more every day until I either have as much as I want or the price starts rising - whichever happens first. I'm still very confident that the oil price is will rise much higher at some point. Probably before the end of the year.
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What’s chances that’s reflected at the pump?
There was supposed to an extra 27 and 32 cents per litre on petrol and diesel respectively here (Ireland) pushing price per litre above 2EUR. That on top of the oil companies gouging is hard to swallow.
Meanwhile electricity suppliers are shutting down nuclear power stations because the water supply is too warm for effective cooling.
Is there a market for woolly blanket futures?
There was supposed to an extra 27 and 32 cents per litre on petrol and diesel respectively here (Ireland) pushing price per litre above 2EUR. That on top of the oil companies gouging is hard to swallow.
Meanwhile electricity suppliers are shutting down nuclear power stations because the water supply is too warm for effective cooling.
Is there a market for woolly blanket futures?
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