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What a crazy week Wall Street had. If you followed the news, you must have heard of GameStop, a short sale, a short squeeze, and other fun stuff. Many people made millions, a few lost billions, plenty of them got angry, while some were satisfied. What just happened? Let’s explain few things first. What is a short sale? It’s very …
Dividends are taxable income. Sure it would be very nice if you get to keep all of it, but Uncle Sam wants his share of it! So, before you start investing in businesses that pay out dividends, you should take into consideration tax consequences. Qualified vs. nonqualified dividends First thing first, there are two types of dividends: nonqualified (ordinary) and qualified. …
What is Robinhood? Robinhood Financial is a start-up company based in CA that offers free stock, options, cryptocurrencies, and ETF’s trading. It was established in 2013 and it proved to be a disruptive force to the financial market. Their goal was to make investing available to anyone, not just the people with deep pockets. That’s why trading is free of …
Two years ago I was sitting with my coworkers after a long, tedious shift, talking about what we would do if we won a million dollars. As expected, we said similar things, travel the world, pay off debt, give some of it to family and friends, spend on hobbies, or start a business. I remember saying I would buy a …
