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WHO AM I?
Hello 👋 I’m Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth.
PS: I am no longer a current Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel!
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⏱️ Timestamps:
0:00 – Start Here
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@Grd77
Fuck taxes get em out
@JesusBwithYou
This is correct, but also remember that there are other investment vehicles that can help you save on taxes. If you have income, you can put a portion of that into a Roth that can compound without any capital gains tax. Roth's also allow financial flexibility by allowing you to withdraw your principal amount before 59.5yrs with no penalty.
@movienationespanol
Or You can barrow money and you pay 0 taxes
@scottwalker4619
Very country dependent. In the Netherlands for instance, you don’t pay capital gains tax.
@JWG2014
and the fun part is you have to do your taxes to figure it out.. before you have your tax info.. easy to get the estimate wrong.. and the IRS will penalize you…
@sage2163
Can you do a video on dividends tax? please!
@annaj1927
Helpful and clear, thank you!
@opufy
How challenging is it to get a loan against the stock? I don’t mean margin.
@lengocchau1454
been waiting for this thank you!
@davidramos141
Great summary & content – learned this the hard way last year selling a lot of stocks for a down payment
@Dynamite_Alex
Is it the same with a Roth IRA?
If you don’t cash out, more videos like this Humphrey ! 🙏🏼
@SovereignNox
Holy bots I don’t even wanna touch that sony b s
@mildredmateos6038
I think, You should be more specific about the type of account, as that would make your content more helpful.
@Joshua-dx7zn
Or you can be like Billionaires like Bezo and Musk and just take loans out against the stocks, tax free and never sell the stock. Just take out other loans to pay off the first loan and continue to do so while your investment grows and grows.
@smitabhoyar3445
How much tax for a non-US citizen after selling a stock
@origamistuffs
Theft is out of control. The government needs to be checked
@sr76pablux
Dividends are taxed?
@KPad87
Does this apply to ETFs ?
@patwyliee8068
So if you transfer the stock to a family member and they are in a lower tax bracket than you it lowers the capital gains tax seems little bit confusing 😕
@matthewmcgaffick4743
Might be a dumb question, lets say i use one of those stock apps ( robinhood, webull, etc…) if i sell a stock but keep it in the app to reinvest in another stock, do i need to still pay taxes on that sale for that year or by keeping it in the app or other stocks for a couple years before pulling it out id pay on the year i pull out the money?
@killer-yv1zp
how much tax would you owe if you make 500 dollars from selling a stock after holding it for 6 month and have 0 annual income
@LKDAerialPhotoVideo
That is not haw tax brackets work
@airlife2u
What If you trade your stock for artwork and then you auction your artwork off By donation…😅😊❤ Would you still have to pay tax😊
@FarmingSam5
What if I get 30k in options is that taxable?
@lilyfoxx
Why wouldn’t someone just borrow against their stock portfolio, so that way, they still have money, their stocks are making back interest on top of what they already owe so they don’t owe anything, but they also own less taxes than if they were just straight up sell their stocks
@DemonKingTyler
Why I love crypto so much, buy stuff with crypto ❤
@rick_in_texas
Don't forget NIIT
@coffeedonutsandhomer653
Buy/ Hold; but sell covered calls to make the premium $$ 😊
@LEllington-ye1cq
Taxation is theft !!
@M_a_t_z_ee
Wanna hear something crazy? In Germany you're being taxed on non realized profits for accumulative ETFs called the 'Vorabpauschale' (advance flat rate). The calculation is a bit more involved, but the general idea is: you could've made profit this year when selling shares, so you have to pay tax, even when you haven't sold. 🤦♂️
@Izackthestickman
Womp womp well I don’t pay taxes!
@savagesnip3r
ok, so what if you sell at a loss?
@fragnicht1734
Remove taxes
@NicoleAniston-o
This is exactly what I needed! Which of these has the biggest impact for someone in a high tax bracket?
@Minnesnowta-i4f
And dont forget: The taxes you pay go straight to Nancy Plelosi, Chuck Schumer, and USAID for Transgender Mouse Research.
@scojar4733
I really love your videos, very clear and helpful! Thank you, keep them coming 😊
@UltimateJellyG30
Do you also have to pay income and federal tax?