“Stan may be the greatest moneymaking machine in history. He has Jim Roger’s analytical ability, George Soros’s trading ability, and the stomach of a riverboat gambler when it comes to placing his bets. His lack of volatility is unbelievable. I think he’s had something like five down quarters in 25 years and never a down year. The Quantum record from 1989 to 2000 is really his. The assets grew from $1 billion to $20 billion over that time and the performance never suffered. Soros’s record was made on a smaller amount of money at a time when there were fewer hedge funds to compete against.” – Inside the House of Money
1. “I think David Tepper is awesome and if he’d take my money, I’d give him some but I think his fund is closed.”
I included this quote to make the point that even though a very…
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Source: Investment Lesson
“By saving say 10% of your income you create a very handy buffer so the next time you have an emergency, instead of tapping into your savings (or worse into debt) you can just divert that buffer to the emergency expense. Another benefit is that you get used to living on less, so if the unthinkable happens where you no longer have a job, your savings last you that much longer. A more rosy alternative is that living on less gives you the freedom to change from the job that you are not too keen on?”
To market to market to buy a fat pig After a red start to the day the All Share finished the day in the green, up a little over 0.5%. Banks recovered from being down over 1.5% to finishing in the green for the day. Most of the gains though came through our dual…
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Black Tax is real. I know because I pay it. The hashtag #blacktax has a way of making an appearance on Twitter reasonably often. It is one of those topics that never seems too far away from the discussion, especially among Black South African millennials and Generation Xers.
However, as much as we South Africans like to think that we are somehow unique or special, the reality is that Black Tax is a global phenomenon known elsewhere as the ‘Sandwich Generation’.
What is Black Tax?
Black Tax (BT) refers to those extra expenses that Black people have primarily as a result of being Black in South Africa today. It specifically refers to the money that we have to spend on our extended families; in the form of a monthly stipend to multiple households, or paying for the education a number of children that are not ours, or having to contribute…
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Here are is what I am reading this morning:
For those who aren’t subscribed to WSJ Don’t worry Moneyweb’s got your back:
Here is an incredible piece by Josh Brown on why you should start investing NOW as a millennial:
Ben Carlson nailed this one Street smart vs Books smart:
I have to say, I have got a number of drafts of unfinished blogs on saving techniques for different circumstances including risk taking appetite and ability.
However, I have to admit that I have been unable to finish any of them. The reason for this, I have discovered, is that I felt like there was no firm foundation.
Ever since coming up with the brilliant and very original idea of blogging about investments and the economy, I have been looking for the perfect first post.
After a few months of deliberation, I believe I have struck gold!
As with any undertaking in life, saving and investing yields better results with a goal in mind. And, when it comes to savings, perhaps on a spreadsheet as well. Having a savings goal is particularly helpful when you’re tempted to skip a certain month/week, since you know skipping will result in a shortfall. It…
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