👩💼 I’m a nerd, a big fun of everything and everyone accounting and, a professional financial student at ‘Suze & Dave Ramsey Financial Peace University’ ✍️.
🦹♀️ In college I was a risk lover, tired investing in Kenya and bought Equity Bank shares that ended up being oversold and half my investment money was returned. I quickly took my hard earned coins and invested in index mutual funds and bonds in Kenya 🎯.
👩💻 In US I am risk averse and a hands-on day trader. I started by opening a Charles Schwab account, signed up for no commission fee and $100 automatic monthly deposit. Currently, I use these funds to buy and sell as many ETFs – exchange traded funds shares as I can afford. I have diversified my portfolios to various industries both in the US and internationally.
🙅♀️ I never invest in stocks I know nothing about – I read the Wall Street Journal and Morning Star daily, review the market weekly, watch Mad Money and Squawk Box occasionally. 💰 I buy stocks from companies I work at, buy often or genuinely like and enjoy such as: Facebook, Microsoft, Amazon, Home Depot, Alibaba, American Tower, Apple, Disney, Marathon Petroleum, Cannabis WMT, COST, KO, SBUX, NFLX, JNJ, T e. t. c.
💎 Projections: If you invest in ETFs $100 per month for 25 years, earn an annualized 7%, you will have more than $80,000. Over 40 years, you will have more than $261,000.
⏳ Projections: If you invest in Acorns $50 per month for 72 years, earn an annualized 6%, at a 4%-8% rate of return. Over 42 years, you will have more than $175,000.
🗞👩🏫📚 Other resources I use to learn and grow my knowledge are Acorns, Cash App, E-Trade, TD Ameritrade and like/follow any trading groups and IG pages.
💱 Forex Trading is also lucrative. Keep checking this blog for an article on FX Trading.
📑 For the previous year, you will receive the following Forms (might be all in one) 1099-DIV for any dividends you receive, 1099-MISC for any referral bonuses and 1099-B for any taxable gains you may have made when you sold your investment 🧾.
2020 tax season to e-file 2019 tax returns opened TODAY. The IRS website has great free resources to research how to file and report income, use it or consult me – I’m tax professional. 👩🎓
#Investment #Investing #Taxes #1099DIV #1099B #1099MISC #IRS #ETFs #Indexmutualfunds #Bonds #ForexTrading
CaroKim Consulting LLC 