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My Investing Life

My Investing Life

Blog about my saving and investing the good bad and ugly

My Investing Life

My Investing Life

Blog about my saving and investing the good bad and ugly

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Welcome to my life investing

  • Myinvestinglife
  • Posted on December 11, 2020

So this is day 1 I am going to be documenting my investing journey. I am a 47 year with a house, mortgage wife and pets. I live in California. A few months ago I decided to take what savings I had and start making them work for me I will document the good and…

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Crypto

Feb 23 – Crypto IRA it’s a thing – updated with screenshots

  • Myinvestinglife
  • Posted on February 23, 2021

I have often wondered if a proper crypto IRA existed with sensible fees.   I know I can Invest in BTC and ETH through some Index funds but that’s at a premium and I don’t own any of the underlying assets.  I can do this via bitwise or grayscale index funds.   However I have finally found a…

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Basics

Feb 22 – Let’s talk about debt, the good bad and ugly.

  • Myinvestinglife
  • Posted on February 22, 2021

The basics So before we talk about options on how to get out of debt let’s give some examples of how much debt costs you and how difficult it is to get out of debt. You owe 5k on a credit card that charges 19% APR. This means your debt is goin to grow $950…

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Uncategorized

Feb 14 – Backdoor Roth what it is and why you may need one.

  • Myinvestinglife
  • Posted on February 14, 2021

So we already covered the Benefits of having a Roth IRA in this article. But a Roth IRA is only available up to a certain income. What happens if you are above this? Well you are in luck there is a back door way you can still have a Roth IRA and the benefits that…

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Basics

Feb 6th – Roth IRA why you need one.

  • Myinvestinglife
  • Posted on February 6, 2021

Below I will explain why it’s better to use a Roth IRA for investing and not brokerage accounts. Or rather you should always use your Roth IRA up to the contributions you can every year. The above shows how pay is taxed. When you use your Roth IRA for stock trading it has 2 different…

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Daily Performance

Jan 31 – Everything down as wsb take on Hedge funds.

  • Myinvestinglife
  • Posted on January 31, 2021

Tough week on my stocks this week as Reddit takes on the Hedge funds of wallstreet. My Moves This week I made a few different moves Open Roth IRA with E*Trade the reason I did this I will cover in a different post but its linked to capital gains Invested in pre sale of Mindsync…

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Basics

Capital Gains – What to know (US Only)

  • Myinvestinglife
  • Posted on January 24, 2021

What is capitals gains? Capital Gains is a tax you have to pay on profits you make in both the Stock Market and on Crypto currencies. You have to declare your capital gains as part of your yearly tax reporting. You only pay capital gains on the profit you make if you make a loss…

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Daily Performance

Jan 24th – New President, Bitcoin drops and then recovers.

  • Myinvestinglife
  • Posted on January 24, 2021

My Moves Brought some more BETZ and MSOS this week. Along with a small amount of Blackberry. Brought a bit of Crypto ADA and XLM when it dipped 20%. I also completed by crypto taxes using http://www.cryptotrader.tax this webapp was a life saver. Summary I have added a Year to date column to make it…

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Basics

Jan 17 – What are my recommendations for the next few years?

  • Myinvestinglife
  • Posted on January 17, 2021

I have been asked a few times this week on what recommendations do I have for the next few years. Please note I am not a financial advisor and Stocks can go down as well up so do not invest more than you can afford to spare and accept that you may lose money. Clean…

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Daily Performance

Jan 11 Week – Up down ending the week on down a little

  • Myinvestinglife
  • Posted on January 17, 2021

My Moves So this week I sold my Bitcoin and Ethereum this was not because I don’t believe Crypto is the future it was because both were in profit and I felt that there were better projects that might go 5x / 10x. When expecting Bitcoin to 5x or 10x is not going to happen….

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Daily Performance

January 9th – Excellent week for everything even a riot on capitol building couldn’t stop the gains coming.

  • Myinvestinglife
  • Posted on January 9, 2021

My Moves this week Added small amount to my Betterment account this week. I didn’t add any shares to my portfolio but I buy some crypto.Below is the crypto I purchased. Bitcoin Cash – To me this seems very under valued when compared with Bitcoin Litecoin – I keep reading this could be the next…

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Recent Posts

  • Feb 23 – Crypto IRA it’s a thing – updated with screenshots
  • Feb 22 – Let’s talk about debt, the good bad and ugly.
  • Feb 14 – Backdoor Roth what it is and why you may need one.
  • Feb 6th – Roth IRA why you need one.
  • Jan 31 – Everything down as wsb take on Hedge funds.

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