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What To Know About Margins

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Investing On Margin By: Brian Ruiz What is Margin? What does it mean when you hear about investing on Margins? Investing on Margins means you borrow from your brokerage account to purchase a stock or option calls. Margins refers to the amount of equity you as an investor have in your brokerage account to be able to buy on margin. Making the difference between the total value of your investment held in your investment account. For example if you have invested in your investment account a total of $3,000 then the brokerage firm will let you borrow an amount close to your actual investment for you to purchase more stocks of your choice. It will also use your invested capital as collateral, until you repay back the amount borrowed. Many will ask why would I borrow money to purchase a stock or option call? If you'll have to pay interest on the money borrowed. There are many way you can take advantage on investing in margin.  Robinhood has become one of the most popular brokerage ac...
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Learn How to Manage Your Time and Money

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Goals setting  by Brian Ruiz One of the steps of having great financial stability is by learning how to manage your time and money. Time and money management is not only learning how to save or just have a to-do list, but instead learning all the aspect surrounding time and money. From saving, investing, diversification, financing, interest and taxes. To goal setting, defining task, and prioritizing what is important for us.  All of these are important tools to know to create a better future. There is a saying which goes, “Save like your future depends on it (because it does) but treat each day like it’s your last." When choosing a New Year's resolution, time and money management should be on your list. Make this your priority. the year 2020 has been a rough year for everyone around the world. The year 2020 has been challenging on everyone financially, mentally and physically. Time management is something we all do all the time. Without the ability to manage time we would not ...
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$35 Billion In Overdraft Fees

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How To Avoid Overdraft Fees From Financial Institutions  By: Brian Ruiz One of the main problems many Americans face every year is overdraft fees from financial institutions. The overdraft charges are around $35 dollars every time your checking account hits $0. Financial institutions enrolled you in this kind of protection to ensure that if you don’t have enough money to cover for a purchase they would step in and pay the remaining balance in exchange for a hefty fee. An article written by Forbes wrote that in 2018 Americans paid more than $33 billion dollars just in overdraft fees. Ouch!!. This has been the most the country has paid since 2009. This is something you must avoid to get ahead in your finances. But how can you avoid it ? Well there are many ways you can eliminate paying those high overdraft fees.  1. Control Your Spending When it comes to controlling our spending it can be kind of difficult, but it can be more challenging if you can’t set aside your needs vs. you...
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What You Need To Know About Paying Taxes On Cryptocurrency

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  The IRS is always looking for ways to make sure Americans pay for their taxes. In the upcoming tax filing the IRS is expected to tax those who buy, own, exchange, receive it for free, or mining Cryptocurrency. You are now expected to declare it on your 2020 tax filing. According to an article  by CNBC the first question the IRS will ask you in your tax returns or 1040 is, "If at any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?" There’s going to be two check mark boxes titled yes or no and I know what you might be thinking. What happens if you check the wrong box? Well, you have to be really careful since the IRS will hold you accountable for this and this can lead you to be charged with tax invasion. According to the new instruction draft 1040 , if you trade between Cryptocurrency for example trading Ethereum for Bitcoin you have to write it down in your tax return. The IRS is also e...
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Should You Buy Cryptocurrency?

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What is Cryptocurrency and How Does It Work? Cryptocurrency has been one of the most controversial topics. The question is whether or not it is a smart investment. One thing I can say is that Crypto is not going anywhere and its here to stay. One of the most popular Cryptocurrency is Bitcoin. Bitcoin is an agreement network that allows the payment system to be completely digital like having cash on the internet allowing you to make any transaction. Every time you purchase or exchange Cryptocurrency with someone the network is sharing a public ledger called "block chain". This ledger has every transaction that has ever been processed in which then allows the computer to verify and validate each transaction. The authenticity of each transaction is protected by a digital signature that sends addresses allowing users to have full control of sending any Cryptocurrency from their computer address. Cryptocurrency is comparable to the internet,  no one owns it which means no one can ...
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Airbnb IPO filing seek 35 billion

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The California home sharing giant is seeking to raise $2.6 billion in the upcoming share offering. This means their valuation can go up to $35 billion dollars, with the offering of 51.9 million shares would be trading. Their prices may range from $44 to $55. The stock is expected to be trading sometime this month, but there are no dates yet as of when the stock would start trading.  The company Airbnb last month released their financial details showing how resilient they are to this pandemic. The company's 3rd quarter profit was $219 million, but lost $697 million in the first nine months of the year 2020.  According to their fillings the company has had more losing quarters, but has started to show profit on the 3rd quarter of each year from 2018 to date. The company symbol that would be trading under is ABNB. Make sure you subscribe to the blog to know what date Airbnb would start trading in the New York Stock Exchange. If you haven’t opened your investment account make sure...
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Don't let your money tell you what to do instead take control with these 3 things

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If You Want To Make Your Money Grow Keep These 3 Things in Mind Brian Ruiz, Finance|  Many people believe all types of debt is bad debt. They see debt as a curse, something you should feel ashamed of. But let me tell you that’s not the case, you may have heard that there's two types of debt. Good debt is defined as money owed for things that help you build wealth or increase your income overtime. Bad debt is credit card debt and any other consumer debt that does little to improve your financial outcome. If you have found yourself acquiring bad debt it’s not the end of the world you can still turn it around with these three steps. 1. Consider not tackling your biggest debt first When you are deep in debt with multiple credit cards, freeing yourself may seen impossible. And It may seem rational to pay your loan with the highest interest rate first, but according to Dave Ramsey in his book, "The Total Money Make Over". He suggests, “the snowball method” which is tackling the...
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