Dying could cost you a fortune in taxes and fees
The Investor Challenge
by Patrick
3y ago
Well not exactly you of course, you’ll be dead. And not in terms of funeral costs, church costs, hall hire, catering, burial site, flowers, tombstones, etc, you already know about those. These are different. Do you remember the time SARS said they were raising taxes, and you replied “Over my … Continue reading ..read more
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A short history of investing really badly
The Investor Challenge
by Patrick McKay
4y ago
I invested really REALLY badly over most of my life. For 5 years I was in cash. And not good cash that earns more interest thank inflation, I used the worst kind of cash. Money in my bank account earning literally nothing. After I account for banking fees with my … Continue reading ..read more
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The 20 year plan
The Investor Challenge
by Patrick McKay
4y ago
Dear Investor Challenge, I’m 22 and I just started adulting, doing a 9 to 5 as a PR specialist. I guess nowadays that means I know how to use Facebook and Twitter to create fake news so my clients look innocent while they loot and plunder. Now I’m a millennial … Continue reading ..read more
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Fixing unemployment and everything else
The Investor Challenge
by Patrick McKay
4y ago
I have a feeling this post is going to be one of the crazier ideas I’m putting forward. I’ve actually had it in draft for a couple of years now, but I think the time is right to post it. At the end of this you’ll either think I’m a … Continue reading ..read more
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Oh no, not the black swan pattern!
The Investor Challenge
by Patrick McKay
4y ago
The western world once thought that all swans were white, because up to that point they’d only ever seen white swans. Then a Dutchman called Willem de Vlamingh took a boat to Australia and while trying unsuccessfully to catch an Aussie, discovered a black swan instead, and changed zoology profoundly … Continue reading ..read more
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Just in case you’re wondering…
The Investor Challenge
by Patrick McKay
4y ago
I’m fine, just rather busy at the moment. The week before last I was in Mozambique looking at the situation 1 year since Cyclone Idai, and since then I’ve been hugely snowed under in activities and preparations related to COVID-19. I do have a blog on how I’m dealing with … Continue reading ..read more
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My 2019 spending, AKA how to blow a budget
The Investor Challenge
by Patrick McKay
4y ago
When I was a young kid, my mom used to buy my brother and I those big party-sized bags of Chomps, obviously trying to turn us into big strong hippos as the advertising suggested. There was an unspoken agreement that we had to share equally, and usually when my brother … Continue reading ..read more
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The top 9 things I learnt in 2019
The Investor Challenge
by Patrick McKay
4y ago
Welcome to the 20s. If the last 20s were anything to go by we’ll be in for massive market gains followed by the biggest crash in history! Well either that or we’ll all start listening to Jazz and buying alcohol from the mafia. Anyway, let’s get straight into the top … Continue reading ..read more
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5 numbers you should be tracking to achieve financial independence
The Investor Challenge
by Patrick McKay
4y ago
Not everyone wants to be able to resign from their jobs. Some love working, while others don’t. But being financially independent isn’t necessarily about being able to tell your boss what they can put their TPS reports, it’s about being able to weather a financial storm. For that, at the … Continue reading ..read more
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How to retire WELL as a couple on just R20 000 a month
The Investor Challenge
by Patrick McKay
4y ago
R20 000 a month. That’s real money, double what we gave ourselves when we first started this fantasy game. And for the first time it’s actually enough to live in major South African cities. Using the calculations I run for these searches, both Durban and Port Elizabeth make the cut. … Continue reading ..read more
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