For anyone who is a fan of college basketball, you know what time of the year it is. March Madness baby!
Here are my picks for how I think the committee will seed all of the teams
Let me know what you think!
You hear stories about day traders making millions and living the dream with all their fancy cars. Well I tried that. It ended with me losing $8,000 in one month on penny stocks. So if you want day trading advice, please stop reading this. I did however, figure a simple easy way to invest in really high paying dividend stocks like AXP, BAC, STM, KHC, ect. How did I find out these stocks were a good investment? None other than the great Warren Buffett. See Buffett publicly posts his portfolio here and his latest buys and sells here. I was able to invest in BAC and SYF almost the same time Buffett did. I am still new to investing, and have learned a lot to make myself feel confident to make a few investments with my own research. While I am learning, I still want my money to grow for me, so why not follow the most successful investor who has ever lived? Over the past 5 years, I have put $5,500 per year in my IRA Roth and contributed to my matching 401k for my job when it was available.…
Recently, I had the pleasure of interviewing a friend of mine Rob Kishi on Bitcoin and other Crytocurrencies. During this interview Rob gave us an insight on the basics of cryptocurrency and revealed that his strategy was to hold most of his stake in cryptos instead of trying to sell and make a quick buck.
Rob's strategy makes sense for two reasons:
If you truly believe that Bitcoin and other cryptocurrencies are the future, why sell? Back in November of 2013, Bitcoin went from $350-$1,242. Imagine if you owned 10 Bitcoin back then that you bought at $350 a piece. If you sold all at $1,242, you could cash in with almost a $9,000 profit. That sounds great, but if you instead were to hold on to that same 10 Bitcoin, it would be worth $174,899 as of right now. That is more than a $170,000 profit. If you hold your stake for longer than a year, you typically will pay 2.5x less taxes on your gains.That means you can reinvest more money each year and continue to grow your wealth.
When it comes to investing, getting started can be hard. First there are questions like this:
Should I use a broker? If so, which one should I use? Should I invest in mutual funds? Bonds? Individual stocks? Is the market too high right now to invest in? Is the bubble going to burst? Should I pay my mortgage off sooner instead?
The answer to these questions depends on what point in life you are in, but I believe everyone should do some form of investing. Here is a quick back story on me and why I decided to invest:
There will be a few parts to this story and it will all make sense at the end (I hope)
Growing up for me was pretty easy. I grew up the oldest of 3 children in a middle class family in Brush Prairie, Washington. Food was always on the table, my parents were very supportive and paid for all the activities I wanted to do whether it be Sports, Summer Camps, or going to the movies with friends. Aside from a small list of daily chores (that I half-assed regularly) I never really had to …