In this video I share an update on the stocks I bought today and why. As well as touch on taxes and how to protect your money.💯
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I’m Chris, a DEBT FREE Millennial, a 2 Time Best-Selling Author and I’ve been an entrepreneur for over 10 years. Over time, I have built a mini-empire in which I Coach-Consult-Speak-and-Write Books. I also work with Brands and Businesses on special projects. I founded a nonprofit, Grand CITY Sports, Inc. in 2008 where I work with promising youth, returning citizens and detention youth. Here on YouTube however, I teach entrepreneurs and aspiring entrepreneurs how to invest in the stock market, build a successful business, monetize their personal brand and become debt free. This channel takes you through my journey of how I invest and build wealth as well as how I build my business from the ground up, while sharing information on hardships, how I achieve success, build wealth, save and invest. I share all of this in hopes that it helps you in some way.
EACH WEEK, the Deeper Than Sports series highlights questions from my subscribers related to investing or business and stocks I purchase throughout the week #dividend #stock with the #robinhood app. My goal is to generate more passive income through purchasing shares of high quality dividend paying companies.
Dividends are some of the most powerful tools for building passive and retirement income. Dividends are the life blood of executives, the wealthy and powerful which is why income on them is TAX FREE up to $38,600 (or $77,200 when filing jointly)!
It’s not that difficult to get started building your very own portfolio that pays you money to sleep. Follow my journey and let’s create some wealth!
Legal Disclosure: I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on video should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!…(read more)
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INVESTING IN A GOLD IRA: Gold IRA Account
INVESTING IN A SILVER IRA: Silver IRA Account
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Today was an exciting day for me as I made some new additions to my stock portfolio. I always enjoy researching and analyzing different stocks to find ones that I believe have great potential for growth. It’s like putting together pieces of a puzzle, trying to predict which stocks will perform well in the future.
One aspect of investing in stocks that many people overlook is taxes. Taxes can have a significant impact on your overall returns, so it’s important to understand how they work and how you can minimize their impact on your investments. One way to do this is by investing in a Roth IRA.
A Roth IRA is a retirement account that allows you to invest in stocks, bonds, and other assets with after-tax dollars. This means that when you eventually withdraw money from your Roth IRA, you won’t have to pay any taxes on the earnings, as long as you meet certain requirements. This can be a huge advantage, especially if you expect to be in a higher tax bracket in retirement.
When you buy stocks within a Roth IRA, you can benefit from tax-free growth on your investments. This can help you build wealth faster and reach your retirement goals sooner. Additionally, because you won’t have to pay taxes on your earnings, you can keep more of your money working for you in the market.
Today, I bought shares of a few different companies that I believe have strong growth potential. By purchasing these stocks within my Roth IRA, I am positioning myself to benefit from any future gains without having to worry about taxes eating into my returns. I am confident that these investments will perform well over the long term and help me achieve my financial goals.
In conclusion, stocks can be a great way to build wealth and secure your financial future, but it’s important to consider the impact of taxes on your investments. By investing in a Roth IRA, you can benefit from tax-free growth on your investments and keep more of your money working for you in the market. So, don’t forget to factor in taxes when making investment decisions and consider utilizing a Roth IRA for your stock purchases. Happy investing! 🔥🔥🔥
LIKE & SUBSCRIBE, then let me know stocks you bought today. #LetsGoooo
I love how open minded you are about investing, I read an article of investors that made good money within few months from shorting, so please I'd really love more tips and clues on how to outperform the market and make such profit using options.
You really called Disney before that major run up
I took over 40% profit in the Nano Dimension play.
My first Sain Cash Grab!
#LetsGoooo
if investing with a roth ira account, you can't ever take the earnings out without paying taxes. so while we can make money you can't use it. thoughts?
Good advice
Hi Chris,
Really love your channels, great stuff!
How can get in the one & and one couching?
Have a look my man you are flying in youtube.
https://youtu.be/m8jwjli-_n0
Roth IRA is good… but there is an income limit.
If you take up to 3000 dollars loss on stocks through RobinHood, does Robinhood keep track of that information on the tax form you get? So when I upload that information on TurboTax, will the system know that Ive taken that loss, so that I get the tax benefit?
Nice stocks suggestions, my stock picks have been bad lately, i just started investing and I've really been reading about investors making as much as $480,000 within 3months and if anyone knows, I'd really love to know how to make much bigger profit from stocks.
Hi chris , thanks for making me a better investor. Can you show and tell us how to invest in the Roth IRA. Thanks
@chris Sain can you talk about all these forex/bitcoin/broker bots in your comments section,