Do You Pay Taxes on Crypto if You Reinvest?

There are several legal ways for US investors to avoid paying crypto taxes, primarily by lowering their trading capital gains. The greatest ways to lower cryptocurrency taxes are covered in this guide, from using crypto tax loss harvesting to more substantial actions like relocating to a nation that allows cryptocurrency taxes. Important Lessons on How … Read more

How Many ETFs Should You Own? Striking the Right Balance for Diversification and Simplicity

Exchange-traded funds (ETFs) are a popular choice among investors to complement mutual funds, individual stocks, and bonds in their portfolios because they offer a number of benefits. However, it is also feasible to assemble an entire portfolio solely from exchange-traded funds (ETFs), which typically track indices across multiple asset classes. In this post, I’ll go … Read more

Should I Hold My Cash in an FDIC-Insured Account or an SIPC-Protected Brokerage Account?

Congress established the independent Federal Deposit Insurance Corporation (FDIC) and Securities Investor Protection Corporation (SIPC) to safeguard consumers in the event that a bank or brokerage firm fails during lean economic times. The benefits and drawbacks of these insurance protections should be taken into account when choosing between a bank and a brokerage when determining … Read more

Who Got Rich Off Bitcoin? A Look at 12 Inspiring Success Stories

We’re going to discuss some amazing bitcoin success stories today that show you how to profit from cryptocurrencies and reach bitcoin millionaire status. We are Cointree, an Australian cryptocurrency exchange that was founded in 2013 and currently has over 80,000 members. People have changed their lives and amassed wealth quickly. Furthermore, we’ve seen that different … Read more

Do I Have to Report Robinhood on My Taxes?

Yes, you must report any profits you receive from selling stocks on the Robinhood app or dividends on your individual tax return. Selling assets leads to capital gains or losses, which must be reported to the IRS. Here’s a breakdown of why you need to report Robinhood on your taxes: Capital Gains: When you sell … Read more