Blog about my saving and investing the good bad and ugly
Why i switched to M1 Finance. I recently started an M1 Finance account as my main brokerage account compared with Betterment and Vangaurd. I am keeping my betterment account but moving my Vanguard account across to M1. The reason I did this was fees, and also I like the concept of pies and fractional shares….
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…
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…
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…
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…
In this post I will go through the priorities in order to successful be financially secure. Step 1 – Debt Pay off Debt. Credit cards / store cards are terrible. Before you consider investing in Stocks make sure you have no high interest debt. By high interest I mean anything over 1-2%. For me I…
I wanted to write down some of things I do to cut costs and generate more money to invest. Music Don’t subscribe to multiple music services like apple and Spotify pick one and go with it. If you have Amazon prime already you already have access to a lot of music free. Make sure you…
Betterment is a 1 stop shop for investing. How good is it really? Let’s break down the many aspects of Betterment, what I use it for and what I do NOT use it for. Over the next few articles we will cover the good, the bad and the ugly of Betterment App / Website Investing…
We all have a list of things we wish we had been told about money some are obvious some may not be. This is Part 1 of my list of what I wish I knew. Today we cover retirement, 401k and Roth IRA’s. 401k company match This might sound stupid but if you are not…