Craig Simpkins

Advisory Partner at Citadel Wealth Management

[Craig Simpkins @Craig_Simpkins]

People choosing family to be their executors so often make a huge mistake in a misguided effort to save money.

[Craig Simpkins @Craig_Simpkins]

@Uber_Support Useless.

[Craig Simpkins @Craig_Simpkins]

@Uber_Support This is bullshit, guys. It’s not specific trips we’re complaining about … it’s the entire operation. The default is for the driver to ask where we’re headed and then they decide if it suits them. I don’t book a trip without getting asked

[Craig Simpkins @Craig_Simpkins]

What is the personality disorder that’s makes my clients who don’t have enough money for retirement keep on giving it away to others?

And how do I deal with it?

[Craig Simpkins @Craig_Simpkins]

@StandardBankZA Hi, it’s happened three times this week with clients and I checked it personally myself. If it can be done, then it’s not a default setting which it should be. In all cases it was personal account internet banking and using email as proof of payment.

[Craig Simpkins @Craig_Simpkins]

Hi @StandardBankZA please note that your proof of payment advices do not comply with AML regulations as they don’t stipulate the name of the account holder.

[Craig Simpkins @Craig_Simpkins]

Yup. I think I’d also strongly dispute this

[Craig Simpkins @Craig_Simpkins]

@brucebusiness A folio of accountants.

[Craig Simpkins @Craig_Simpkins]

@Just_A_Driver24 Lucky

[Compounding Quality @QCompounding]

If you've invested $1,000 with Buffett in 1965, it would now be worth $4.3 million. However, if Berkshire had been a hedge fund charging 2% & 20%, out of that $4.3 million; only $300K would have accrued to you, with a stunning $4 million charged by Buffett.

H/T @dmuthuk

[Compounding Quality @QCompounding]

Between 1990 and 2019 the S&P500 returned 7,7% per year to shareholders.

If you each year would have missed the 20 best trading days, your CAGR would not have been equal to 7,7% but -27,0% (!).

Time in the market > timing the market. Don't try to outsmart the market.

[Matthew Rechs 🏳️‍🌈 @MrEchs]

11 Promises from a Manager: a 🧵

1. We’ll have a weekly 1:1. I’ll never cancel this meeting, but you can cancel it whenever you like. It’s your time.

[Craig Simpkins @Craig_Simpkins]

10 really bad business / tech predictions https://t.co/lnYhrYKXp7

[Craig Simpkins @Craig_Simpkins]

Wondering if Woolies declares revenue before or after accounting for black bags sold at the counter to people who forgot theirs in the car.

[Craig Simpkins @Craig_Simpkins]

Doing a Ratner… https://t.co/JsJz66esVi

[Justin Spratt @justinspratt]

lol, funny:
“leaders are like teabags, you never know how strong they are until you dunk them in hot water.”

[Craig Simpkins @Craig_Simpkins]

Surely SARS should offer some sort of dispensation around claiming home office expenses as tax deductible seeing that we’ve had so much lockdown. Having an “exclusive use” office space in your home is not always easy, and yet we were forced to WFH.

[Craig Simpkins @Craig_Simpkins]

@jaredwright17 Below the shoulder and uses arms???