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...

3 Tools To Help You Pay Less Taxes We all have a love-hate relationship with taxes. While taxes go towards paying for public services everyone take for granted. We all wish we could pay a little less. Fortunately for us. There are a few things we can do to give less of our hard earned money to the government in taxes, and keep a little more for ourselves. The 401K Plan 401K plans are a great way to pay less in taxes and keep a little bit more for yourself, and many employers match your contributions, allowing you to essentially automatically double your tax-deferred contributions. With a 401K plan, you can allot a certain amount of money to be put towards your retirement before you pay your taxes, and you’d then be taxed when you start withdrawing your money later in life. The Roth IRA Account  Roth IRA’s are by far my favorite investment accounts. With a Roth IRA, you can make contributions after you’ve paid your taxes, and the great thing is that your money wil grow tax-free. Mea...

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...

Making Big Gains When the Market Makes Big Moves. Today, 03 September 2020, we saw a big dip in the market. The S&P 500 dipped 3% by 11:30 AM EST and this is how I took advantage of the it: Every morning, when I wake up, I take a look at futures. On this particular morning, they were all in the negatives. Then, I looked at my watch lists. By primarily looking at my list of the top 500 market cap companies, I anticipated a dip in the market. I’m always looking for a market dip. In my opinion, market dips provide a great opportunity to make money in both short and long term investments. Next, I looked at the VIX, the S&P 500 volatility index, and saw an increase. That cemented my decision. I went to my go-to stock for market dips, SPXS. SPXS is a 3X weighted bear EFT that tracks the S&P 500. Every 1% move downward in the S&P will yield a 3% increase in the price of SPXS. While I could have decided to short SPXL, a 3X weighted ETF that moves in the same direction as the S...