Podcast - 2011-04-03 - Cash and the Permanent Portfolio

General Discussion on the Permanent Portfolio Strategy

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gizmo_rat
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Re: Podcast - 2011-04-03 - Cash and the Permanent Portfolio

Post by gizmo_rat »

Clive wrote: Gambling and investing are also often seen in totally different lights.
I had a job once where I interviewed lots of pro and semi - pro "gamblers", probably the most scarily self disciplined bunch you could imagine.

As Clive has said these people don't gamble in the sense that we might mean it, I'd say they'd likely dismiss the PP as being risky. Proceeds were all tax free as well.

Not a lifestyle I'd choose (no ability or interest in it), but food for thought all the same.
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dualstow
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Re: Podcast - 2011-04-03 - Cash and the Permanent Portfolio

Post by dualstow »

gizmo, where are gambling proceeds tax free?
Abd here you stand no taller than the grass sees
And should you really chase so hard /The truth of sport plays rings around you
gizmo_rat
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Re: Podcast - 2011-04-03 - Cash and the Permanent Portfolio

Post by gizmo_rat »

Tax free in UK. YMMV.
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