I new to investing. I know nothing. I just try and use common sense. I'm a content creator here for your amusement... so don't follow anything I'm doing when it comes to investing.🤔
@CFH2982 ай бұрын
Second opinion: Keep things simple. Reinvest and compound everything. Don’t save for taxes during the year. Sell or use some dividends when taxes come due next year. Rinse + repeat.
@jgwilliams67Ай бұрын
Agree... Don't let taxes ruin your investment goals. You can always take profits later to pay your taxes. Also, The interest on your loan may can be used for a tax right off. Ask your Accountant. 👍
@ChuckDavis3602 ай бұрын
Very nice. Impressive, Your a hard worker👍👌🙂 I been in the markets since the late 80s before their were internets and trading platforms. I have been doing stocks and ETFs for a living since 2010. Love your videos. 👏👏👏🙂
@kevinrca2 ай бұрын
Enjoying your videos. I have Amzy and Crsh along with other funds, ETF’s and some CEF’s, etc We are in California also
@ScottsPC2 ай бұрын
Awesome! ⚡️ Thanks for watching! ⚡️ CALI
@kevinrca2 ай бұрын
@@ScottsPC I’m really liking the weekly payers by Roundhill, XDTE and QDTE, focusing on those positions currently
@norbertborsi52682 ай бұрын
Great video, Scott as always . What happened with your NVDY position ?
@ScottsPC2 ай бұрын
Just decided to go with the tesla sandwich instead... No real reason... Lol. Thanks for checking in my friend! ⚡️
@JohnsFishTales2 ай бұрын
Bro, just open a cash management account with Fidelity to sweep your savings into for taxes. It’s earning 2.69% which is probably better than your bank. Or leave it in your core sweep account which is close to 5%.
@ScottsPC2 ай бұрын
Yes... I've been looking into their cash management account... Thanks for the tip! ⚡️
@JaxOn32 ай бұрын
Have you considered opening a robinhood account? If your margin cost is cheaper, you can leverage more to reach your goals faster - if you are comfortable with your strat etc - wish you all the best - cheers!
@ScottsPC2 ай бұрын
Yes... At the moment it just seems like such a hassle... Lol... Maybe later this year I transfer over... I do appreciate the advice! ⚡️
@JaxOn32 ай бұрын
@@ScottsPC to me it would be more of a hassle to pay double the interest to a less competitive brokerage account with your hard earned money passive or not it’s yours, I don’t like paying the fat cats unnecessarily so they can play more golf, cheers 😎
@ScottsPC2 ай бұрын
Very true....
@tradesman632 ай бұрын
Need to pay less margin at RH. Easy transfer.
@RAri-rc3toАй бұрын
I just opened this week. No faxing emailing to open account. Opened on Monday and by Wednesday after market money was in RH from Etrade.
@blyhustles2 ай бұрын
That's a great strategy!
@ScottsPC2 ай бұрын
Thank you!
@justinbogeajis2949Ай бұрын
I don't think it makes sense to save for taxes. You are cutting down your final return by a high margin. Look into it. We can pay taxes after we make more money