XPost: alt.home.repair, uk.d-i-y, alt.sci.physics
From: rod.speed.aaa@gmail.com
"Commander Kinsey" wrote in message
news:op.z28fsba3wdg98l@desktop-ga2mpl8.lan...
> On Tue, 11 Jun 2019 18:48:21 +0100, Rod Speed
> wrote:
>
>>
>>
>> "Commander Kinsey" wrote in message
>> news:op.z28dwvo9wdg98l@desktop-ga2mpl8.lan...
>>> On Tue, 11 Jun 2019 18:26:08 +0100, Rod Speed
>>> wrote:
>>>
>>>>
>>>>
>>>> "Commander Kinsey" wrote in message
>>>> news:op.z272xqduwdg98l@desktop-ga2mpl8.lan...
>>>>> On Tue, 11 Jun 2019 14:26:27 +0100, devnull wrote:
>>>>>
>>>>>> On 6/11/19 8:49 AM, Commander Kinsey wrote:
>>>>>>> On Tue, 11 Jun 2019 13:14:33 +0100, Xeno
>>>>>>> wrote:
>>>>>>>
>>>>>>>> On 11/6/19 9:54 pm, Commander Kinsey wrote:
>>>>>>>>> On Tue, 11 Jun 2019 12:32:27 +0100, Daniel60
>>>>>>>>> wrote:
>>>>>>>>>
>>>>>>>>>> Commander Kinsey wrote on 11/06/2019 8:09 AM:
>>>>>>>>>>> On Mon, 10 Jun 2019 10:53:25 +0100, Daniel60
>>>>>>>>>>> wrote:
>>>>>>>>>>>
>>>>>>>>>>>> Commander Kinsey wrote on 10/06/2019 12:50 AM:
>>>>>>>>>>>>> On Sun, 09 Jun 2019 10:01:28 +0100, Daniel60
>>>>>>>>>>>>> wrote:
>>>>>>>>>>>>>
>>>>>>>>>>>>>> Commander Kinsey wrote on 8/06/2019 4:04 AM:
>>>>>>>>>>>>>>> On Fri, 07 Jun 2019 03:46:18 +0100, Bob F
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>> wrote:
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>
>>>>>>>>>>>>>>>> You know this for every supplier in the world?
>>>>>>>>>>>>>>>
>>>>>>>>>>>>>>> Well if you live in the desert maybe you can actually make
>>>>>>>>>>>>>>> real
>>>>>>>>>>>>>>> money
>>>>>>>>>>>>>>> instead of stealing it from the taxpayer. But in most
>>>>>>>>>>>>>>> places,
>>>>>>>>>>>>>>> solar
>>>>>>>>>>>>>>> panels are next to useless unless you want to charge up a
>>>>>>>>>>>>>>> couple
>>>>>>>>>>>>>>> of AA
>>>>>>>>>>>>>>> batteries.
>>>>>>>>>>>>>>
>>>>>>>>>>>>>> No farm, just a normal 3 bedroom house with 20 solar panels
>>>>>>>>>>>>>> that
>>>>>>>>>>>>>> I
>>>>>>>>>>>>>> installed about two years ago costing about $4,500.00.
>>>>>>>>>>>>>>
>>>>>>>>>>>>>> Last month, being the start of Winter, i.e. lower sunlight
>>>>>>>>>>>>>> levels, my
>>>>>>>>>>>>>> Solar rebate (after any power I might have used during the
>>>>>>>>>>>>>> day)
>>>>>>>>>>>>>> was
>>>>>>>>>>>>>> $21.49, so, even at this low sunlight rate, I'd repay the
>>>>>>>>>>>>>> panel
>>>>>>>>>>>>>> costs in
>>>>>>>>>>>>>> about 17.5 years.
>>>>>>>>>>>>>>
>>>>>>>>>>>>>> O.K., I'd have not earned interest on that $4,500 for that
>>>>>>>>>>>>>> time,
>>>>>>>>>>>>>> but,
>>>>>>>>>>>>>> then again, I'd have been getting 'free' daylight power
>>>>>>>>>>>>>> myself
>>>>>>>>>>>>>> for
>>>>>>>>>>>>>> that
>>>>>>>>>>>>>> time!!
>>>>>>>>>>>>>>
>>>>>>>>>>>>>> Taking into account the greater quantity of power I
>>>>>>>>>>>>>> will(/have)
>>>>>>>>>>>>>> be
>>>>>>>>>>>>>> generating during Summer, that pay-back time would be reduced
>>>>>>>>>>>>>> (to,
>>>>>>>>>>>>>> maybe, 10 years'ish!!).
>>>>>>>>>>>>>>
>>>>>>>>>>>>>> Just saying!!
>>>>>>>>>>>>>
>>>>>>>>>>>>> I wouldn't buy something that took 10 years to break even.
>>>>>>>>>>>>> Ever
>>>>>>>>>>>>> heard
>>>>>>>>>>>>> of an ISA?
>>>>>>>>>>>>
>>>>>>>>>>>> No!
>>>>>>>>>>>
>>>>>>>>>>> Might be a British acronym. It's a long term savings account.
>>>>>>>>>>
>>>>>>>>>> Is that something like what U.S.A'ians cal a 401K ... what we in
>>>>>>>>>> Australia call Superannuation??
>>>>>>>>>
>>>>>>>>> No idea, I don't have one. You put money in and don't touch it
>>>>>>>>> for
>>>>>>>>> 5
>>>>>>>>> years and earn a higher interest rate.
>>>>>>>>
>>>>>>>> Compounding interest is key.
>>>>>>>
>>>>>>> Not what I meant, the % is much higher in the accounts where the
>>>>>>> bank
>>>>>>> knows you can't withdraw it for 5 or 10 years.
>>>>>>
>>>>>> US bank accounts are a lousy place to invest because they are paying
>>>>>> less
>>>>>> than the inflation rate.
>>>>>
>>>>> Normal ones, yes. But you can get about 3% on a 5 year ISA here in
>>>>> the
>>>>> UK.
>>>>>
>>>>>> And if you don't have the money stored in a tax-free IRA, you'll pay
>>>>>> income tax on your losses.
>>>>>
>>>>> Dunno what an IRA is, but all ISAs are tax free AFAIK.
>>>>>
>>>>> Hang on, losses? Surely you pay income tax on your income, not
>>>>> losses.
>>>>
>>>> He means they pay income tax on the pathetic interest
>>>> which is worse than the inflation rate and so you effectively
>>>> pay income tax on those notional, not real, losses.
>>>
>>> What a funny way of thinking about it.
>>
>> No its not.
> It is, because you are not paying tax on what you lose.
You are actually in that case.
> You pay tax on what you're getting back.
Which is what you are losing in this case.
> If you have £10000, somebody steals £1000 of it, then you go out and earn
> £1000 to replace it, and pay tax on it, you aren't paying tax on your
> losses.
But when you pay tax on the interest in the normal
savings account which is paying you less than the
inflation rate, you are indeed paying tax on your losses.
>>> If you put the cash under a mattress, you'd lose all of the inflation,
>>> not just the tax bit.
>> Under the mattress isnt the only alternative.
> It was an extreme example to demonstrate my point.
You never had a point.
>> Your ISAs are indeed a much better alternative
>> because they pay an interest rate closer to
>> inflation and they are tax free too so you
>> don't lose that way either.
> Depends where you go, I just checked and TSB is 1.6%, inflation is 2.1%.
It isnt that simple either. The inflation rate that matters
is on the stuff you actually buy and that may well be
nothing like the official inflation rate.
> I'm sure TSB was 3% a few months ago.
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
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