Monevator becomes paid membership blog

Alexland

Albermarle said:

I always assumed from the way it is written, it was more of a hobby for them. Perhaps though not one they were prepared to keep losing money with.

I don't really understand how they were losing money to it given the adverts should have generated enough to cover the basic web hosting and email services. It's hardly like they were streaming high bandwith videos, paying for content, etc. I thought the whole point was to achieve FIRE via passive investing to make the time to do hobbies like this. Not charge people for hints and tips on being an active investor.

GeoffTF

Alexland said:

Albermarle said:

I always assumed from the way it is written, it was more of a hobby for them. Perhaps though not one they were prepared to keep losing money with.

I don't really understand how they were losing money to it given the adverts should have generated enough to cover the basic web hosting and email services. It's hardly like they were streaming high bandwith videos, paying for content, etc. I thought the whole point was to achieve FIRE via passive investing to make the time to do hobbies like this. Not charge people for hints and tips on being an active investor.

I expect that they are more than covering their costs. There is not much money to be made from advocating passive investing, but providing hints and tips on active investing is very lucrative.

Alexland

GeoffTF said:

I expect that they are more than covering their costs. There is not much money to be made from advocating passive investing, but providing hints and tips on active investing is very lucrative.

Maybe with markets moving sideways for a few years and higher cost of living the FIRE drawdown strategy is under pressure so it's either charge for content or get a proper job again?

AlanP_2

m_c_s said:

coastline said:

and the constant moan about brexit and how its destroyed the UK. Why can't the poster just get over it ? 

His anti Brexit rants are quite pathetic and for me his admission of voting for Corbyn at the last General Election suggests some underlying bias or poor judgment. Comments section is also sometimes full of left wing nonsense. For me Moneyvator is too political to be of use as an unbiased source of financial information.
But ofcourse he is free to have his views and run the site as he wishes.

Just because his judgement disagrees with yours does not make it poor. Biased, yes - as is every single voter in every election.

Personally I find the continuing pro Brexit rants in the likes of the Daily Mail and from the likes of JRM a lot more pathetic.

dunstonh

dealyboy said:

m_c_s said:

coastline said:

and the constant moan about brexit and how its destroyed the UK. Why can't the poster just get over it ? 

His anti Brexit rants are quite pathetic and for me his admission of voting for Corbyn at the last General Election suggests some underlying bias or poor judgment. Comments section is also sometimes full of left wing nonsense. For me Moneyvator is too political to be of use as an unbiased source of financial information.
But ofcourse he is free to have his views and run the site as he wishes.

@m_c_s ... indeed, it is quite off-putting ... and today I noticed some sniping at Liz Truss in the new free article.

Liz Truss created issues with implementation but her views are supported by many economists and analysts.     She may have been right over the long term.   But in the short term, she was punished and a coup took place.

She now gets the blame for a whole load of things that had nothing to do with her.

The actions of politicians often take years to fruition.  Positive or negative.  For example, the pension liquidity issues stem from Gordon Brown's changes.  When he made them, there were warnings from some that it would store up problems that would unwind in 20-30 years time.  Those people were considered to be wrong back then.   Now they were considered to be right.

Ireland is now setting up a sovereign wealth fund as a result of all the extra corporation tax it is getting by having low rates.   i.e. the Liz Truss approach.   So, was she wrong or was she right?       The camp that thing she was wrong have won at the moment because they removed her from power and the managed decline camp are now in charge.   However, only time will tell and nobody can really be sure.

Millyonare

EthicsGradient said:

m_c_s said:

coastline said:

and the constant moan about brexit and how its destroyed the UK. Why can't the poster just get over it ? 

His anti Brexit rants are quite pathetic and for me his admission of voting for Corbyn at the last General Election suggests some underlying bias or poor judgment. Comments section is also sometimes full of left wing nonsense. For me Moneyvator is too political to of be use as an unbiased source of financial information.
But ofcourse he is free to have his views and run the site as he wishes.

Because voting for the Tory PMs of Boris Johnson and then Liz Truss shows such sound judgement!!! The people who brought the term "moron premium" into use.

An unbiased financial assessment of Brexit is that it has knocked a few percent off our GDP. There may be other reasons people voted for it, but the general financial summary was, and still is, "not a good idea, overall".

An unbiased financial assessment of Brexit is that it officially began in 2020 and the UK has since been the world's fastest-growing major G7 economy for 2 of the past 3 years.

Rollinghome

The announcement by Liz Truss of her plan to cut taxes at the top end and spend billions that Britain didn't have, forced a £65 billion intervention by the BoE and had the pound falling to $1.0327.  It's generally a basic requirement of a PM not to crash the pound. 

When Truss was asked by the BBC’s Nick Robinson if she could name any economists who thought cutting taxes at this stage was right for the economy, she could only name the odd-ball Patrick Minford.  Minford later distanced himself.

Millyonare

Britain had (and has) plenty of room to cut taxes. Truss's tax cuts were the same as just a tiny 1-2% of UK debt. Global and UK markets made effectively zero movement while Kwarteng verbally announced the tax cuts in the Commons... It was only 30-60mins later, when the hysterical hard-Left media, looking for any kind of Brexit revenge against the Tories, started pushing out hysterical exaggerated headlines of doom and misery. Markets then started to drop, when the algos started picking up on the (artificially) negative headlines. It was a confected "crisis" of absurd faux-hysteria.

cricidmuslibale

Rollinghome said:

The announcement by Liz Truss of her plan to cut taxes at the top end and spend billions that Britain didn't have, forced a £65 billion intervention by the BoE and had the pound falling to $1.0327.  It's generally a basic requirement of a PM not to crash the pound. 

When Truss was asked by the BBC’s Nick Robinson if she could name any economists who thought cutting taxes at this stage was right for the economy, she could only name the odd-ball Patrick Minford.  Minford later distanced himself.

I agree totally with the above! It’s very hard to believe now but many years ago Liz Truss was actually a very promising young Liberal Democrat. What on earth happened to her?!

Apart from the very serious economic issues involved in her very short Prime Ministership, she was also, by all accounts, temperamentally completely unsuitable to be leading a major political party and certainly totally unfit to run GB! Not least because she steadfastly refused to listen to any of her closest advisers when making crucial policy decisions etc.

Rollinghome

Millyonare said:

Britain had (and has) plenty of room to cut taxes. Truss's tax cuts were the same as just a tiny 1-2% of UK debt. Global and UK markets made effectively zero movement while Kwarteng verbally announced the tax cuts in the Commons... It was only 30-60mins later, when the hysterical hard-Left media, looking for any kind of Brexit revenge against the Tories, started pushing out hysterical exaggerated headlines of doom and misery. Markets then started to drop, when the algos started picking up on the (artificially) negative headlines. It was a confected "crisis" of absurd faux-hysteria.

You may have an exaggerated idea of the respect held by global investors and banks for what you call "the hysterical hard-Left media",   whoever or whatever you think that might be.