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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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Category: Basics

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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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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Basics

Priorities – What should my financial priorities be?

  • Myinvestinglife
  • Posted on January 8, 2021

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…

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Basics

How I cut costs to generate more income – Part 1

  • Myinvestinglife
  • Posted on December 26, 2020

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…

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Basics

Betterment Part 1 – Overview and which services I use and how they compare.

  • Myinvestinglife
  • Posted on December 19, 2020

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…

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Basics

The basics to successful investing – Part 1 retirement accounts (401k and Roth IRA)

  • Myinvestinglife
  • Posted on December 14, 2020

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…

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Recent Posts

  • Capital Gains – What to know (US Only)
  • Jan 24th – New President, Bitcoin drops and then recovers.
  • Jan 17 – What are my recommendations for the next few years?
  • Jan 11 Week – Up down ending the week on down a little
  • January 9th – Excellent week for everything even a riot on capitol building couldn’t stop the gains coming.

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