aWanderingMind.Life

Why use Stash? What is Stash ? Simple answer: Stash is an online banking platform. Online banks are banks that operate without physical branch locations. Without the costs associated with having a physical brick and mortar location, these banks tend to have lower or nonexistent fees and higher interest rates than traditional banks like Wells Fargo or Bank of America, for example. Most have no monthly fee, and some don't even charge overdraft fees. You will never have to meet face to face with a banker, and you can manage your account(s) at anytime on a computer or mobile device. These banks also provide ATM access through networks like Allpoint.  Why Stash as opposed to another online bank? Stash  does something entirely unique to the banking sector: Stock Back Rewards . Theses rewards function the same way as a cash back rewards does, but instead of receiving cash for your purchase, you receive shares of the company. For example, during Amazon's Prime Day promotion, Stash ...

My Monthly Dividend Portfolio     My  dividend stock portfolio is equally weighted (all equities are equally proportioned). Thus, my dividend payouts vary greatly depending on which equities are paying out a dividend that month, but it can easily be adjusted to generate a more steady stream of passive income throughout the year assuming these companies continue their dividend payouts. This portfolio consists of 2 companies that pay out a monthly dividend, 6 that pay quarterly, and 1 ETF paying a monthly dividend. The quarterly dividend companies are picked based on the months these companies typically pay out their dividend in order to ensure that 2 companies are paying out a dividend each month. Overall with this portfolio, you will be receiving 5 dividend payments every month.  Quarterly Dividend Companies: January: Comcast (CMCSA) and Verizon (VZ) We could very well argue that both Comcast and Verizon are members of oligopolies in their industries. Comcast owns an...

S&P 500 at a New All Time High The S&P 500 has rallied 59% from the bottom reached in march. My last post explained my strategy on taking advantage of the 2020 stock market crash. I was able to double my portfolio since March by primarily investing in SPXL. SPXL is a 3X weighted ETF tracking the S&P 500. Meaning, a 1% move in the S&P 500 yields a 3% move in the price of this ETF. I have locked in some profits, and now, I’m looking to redeploy some my gains into some new opportunities to make some massive profits. Many experts are now saying the stock market is too expensive to be deploying money into right now. The average P/E ratio of the S&P 500 is now sitting at 36.4 when the average normally sit at about 21.12. While many companies like Apple, Amazon, Google, Microsoft, and other companies with huge market caps have made significant gains. Most of the other companies in the S&P 500 have not yet recovered from the crash. The chart bellow shows the performance...