Informational - Romes Blog

Taxes are the scourge of the earth. They are everywhere and pretty much cover everything we own or will own. It is hard to escape, you buy a TV and notice there is an added $20-$30 on the total price, that is the government trying to take a little more from you. It is amazing how you pay taxes on your income, taxes on things you buy, taxes on things you sell and taxes on things you live in or use. I hate to break it to you, but investing is no different. Government takes their taxes from you in the form of a Capital Gains Tax.

Informational

September 11, 2024 David

Never Forget 9/11

This post is here to remind everyone about the tragedy that befell the United States of America on September 11th, 2001. Over 2,996 people lost their lives that day. Horrible moment in time in our countries history. However, the one good thing to happen is our country came together as one for the first time in a long time. I pray we can come together again and push this country in the right direction.

Informational

September 4, 2024 David

What is Dollar Cost Averaging?

Consistency is key when it comes to investing. Building this trait up in yourself is crucial if you want to succeed and have a nice retirement income later in life. One way to help build this up and achieve your goals would be something that is called Dollar Cost Averaging or DCA. This simply approach to investing can help you grow your portfolio without sacrificing your wallet. This term may sound confusing but I assure you it is not.

Informational

March 13, 2024 David

Unleashing the Power of Dividend Reinvestment Plans

To make it as simple as I can, the way it works is when a company pays you a dividend, and you can use that dividend to buy more shares or fractional shares if you didn’t make enough from that stock yet. Most brokerage firms have an automatic feature to do this for you. I prefer to do it manually as a dividend from one company might go towards me buying a share of a different one.

Informational

March 6, 2024 David

Risk Tolerance Breakdown

What is Risk Tolerance? What is risk tolerance? Simply put, risk tolerance is the level of risk an investor is willing

Informational

February 27, 2024 David

Dividend Traps and How to Avoid Them

What is a Dividend Trap? A dividend trap is where the stock’s dividend and price decrease over time due to high

Informational Stocks

February 23, 2024 David

The Power of Compound Interest

What is compound interest? Compound interest is the interest on savings calculated on both the initial principal and the accumulated

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