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

Posted: Sun Apr 17, 2011 8:22 am
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.

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

Posted: Sun Apr 17, 2011 12:49 pm
by dualstow
gizmo, where are gambling proceeds tax free?

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

Posted: Sun Apr 17, 2011 12:53 pm
by gizmo_rat
Tax free in UK. YMMV.