Photo by David McBee on Pexels.com How do you create generational wealth when you don’t even consider yourself wealthy? Well everything and everyone …Creating Generational Wealth
Tag Archives: long term investing
Creating 7 Different Streams of Income
This morning before work, I created this flyer, not realizing how this whole concept would come into fruition. As the day went on, I had the opportunity to speak with a passionate soul who is just as dedicated as I am in having and using multiple gifts. Sometimes, people with multiple gifts and purposes are told that they have too many gifts or are doing too much. Which is not true. This pleasant soul touched on creating multiple streams of income. This was definitely a sign that I was on the right path. We were meant to speak and share our ideas of generational wealth, streams of income, our passion, and being multi-gifted.
I am using my gift of writing to provide details on creating multiple streams of income. The goal is for individuals to identify current streams of income, identify future streams, and to work towards having at least 7 streams. This is a work at your own pace, income generating plan.
Feel free to subscribe to my monthly subscription page to get information on writing, publishing, and creating different streams of income.
Have you considered creating different streams of income? Creating different streaming not only provides you with increased income if needed, it also allows you to create passive and active income.
Seven Upcoming Stock Splits
There are seven upcoming stock splits that everyone should know about, especially for those who have been following these brands and waiting for the price to go down. Well this is your chance to grab a few shares of some major players at a really low price
Take Amazon for example, this company has been a trendsetter for some years now. It gives individuals the ability to sell their products online, authors an opportunity to sell their books without paying out of pocket for printing costs, and subscribers a chance to catch up on their favorite shop on Amazon Prime. Did I mention they also deliver groceries and have a pharmacy as well? Talk about your one-stop shop. With the new union in Staten Island, New York and potential ones in the future, only time will tell the continued success of this company. However, I assume they will be doing even more in the future. One thing they many want to consider is making sure they are not creating a monopoly and they are abiding by the antitrust laws.
- Ticker- AMZN
- Closed at- $2,447 on 6/3/22
- Split Type: 20-for-1
- $2447 / 20 = $122.35 (Price opening on 6/6/22)
- Split date- 6/3/22
- Sector- Consumer Discretionary/Staples
Next there’s Google. What can I say about this company? This successful company has allowed students to utilize google docs without paying a subscription fee, travelers to utilize google maps to plan trips, content creators to use google drive to upload large projects, Vlogers to connect with YouTube, and a host of other things. Of course there is a looming recession and inflation in full play, which all companies have and will make adjustments for, but Google always seem to come out ahead
- Ticker- GOOG (Alphabet Inc)
- Current price- 2,255.98
- Split type: 20-for-1
- Split date: 7/15/22
- Sector: Technology
Next is Tesla. A company that a lot of other Electronic Vehicle (EV) makers try to compare to or exceed. When a company is the first to do something, they tend to be held at high regard when it comes to their business, brand, products, services, and other matters as well. Take the owner, Elon Musk for example. He’s at a stage in his life where he can tweet out information about Dogecoin and stock orders increase. Currently, he is in the news regarding a bid to buy Twitter. There has been much said, positive and negative. We will see how this all plays out.
- Ticker: TSLA
- Current price: $759.63
- Split type: 3 for 1
- Split date: Shareholders will vote on split on 8/4/22
- Sector: Consumer Discretionary
Next there’s Nintendo. Many of us investors, parents, aunts/uncles, or family friends remember Nintendo from either having the first game set sold or buying some later version of it. Game sets have transitioned completely from Atari (Generally moving characters left, right, up, or down) to Game Boy, Super Nintendo, and Nintendo Switch. With having over 100 years, almost 200 years, in this industry, who would expect things to change now? Now things do change, as we have seen over the years with Nintendo. However, it can be assumed that Nintendo will be around for years to come. At least that is my hope.
- Ticker: NTDOY
- Current price: $56.09
- Split type: 10-for-1
- Split date: 10/1/22
- Sector: Technology/Consumer Discretionary
Who doesn’t like Spotify, or a streaming service with new and old school music at your fingertips? I know I do. The era in which I was born was heavily populated with cassette tapes. You know, the cassettes you had to fast forward and rewind to play your favorite song over and over again. This was the way of life, who could want anything more? Matter of fact, when I was around 8 years old, record players were a big deal, well in my household it was. My sister had a record player and my mother had an entertainment console, which connected her record player to an 8 track player. Luther Vandoss blared from her entertainment console every Saturday.
Now imagine years later and having music at our fingertips because of companies like Spotify and their streaming service. Now there are competitors, such as: Apple Music, Tidal, Amazon music and more.
- Ticker: SHOP
- Current price: $112.97
- Split type: 10 for 1
- Split date: 6/28/22
- Sector: Consumer Discretionary
As profiled on cnbc, “Kinetik Holdings Inc., formerly Altus Midstream Company, is an integrated midstream energy company in the Permian Basin. The Company provides gathering, transportation, compression, processing, and treating services for companies that produce natural gas, natural gas liquids, crude oil and water. The Company operates approximately 2 billion cubic feet per day (Bcf/day) of constructed cryogenic natural gas processing capacity strategically located near the Waha Hub in West Texas. The Company also has interests in four built, long-term contracted pipelines transporting natural gas, NGLs, and crude oil from the Permian Basin to the Gulf Coast. It has long-term dedications of approximately 850,000 acres for gas, crude oil, and water midstream services from 30 active producers in the Delaware Basin. The Company’s Midstream Logistics business also includes its crude oil gathering, stabilization, and storage services throughout the Texas Delaware Basin.”
- Ticker: KNTK
- Current price: $86.20
- Split Type: 2 for 1
- Split date: 6/8/22
- Sector: Energy
“the world’s largest retail gaming and trade-in destination for Xbox, PlayStation, and Nintendo games, systems, consoles & accessories.” I remember vividly last year when GameStop’s stock was a Wall Street Bets sensation and people seemed to pour their money into this company without any evidence to support that the company was doing well. Even people who had never invested in this company was talking about investing. Some investors considered it a pump and dump. Now, Wall Street Bets’ agenda seemed to save GameStop and AMC from short sell companies who intended to push the price up so they could sell it. Now as far as GameStop and how it’s doing now, one must take in consideration of Analyst Colin Sebastian’s comments about “until the company ‘more clearly articulates new management’s business strategy,’ which will enable investors to better evaluate the company’s ‘intrinsic value and prospects for future free cash flow generation.’”
- Ticker: GME
- Current price: $137.21
- Split type: TBD
- Split date: Pending Shareholder Approval on 6/2/22
- Sector: Consumer Discretionary
Investing Part 4
One thing I know about investing is the importance of being able to discuss your investments with like mind individuals. Like mind, meaning those who are investing or want to invest in the stock market or Cryptocurrency.
Investment groups or investment discussion groups are really great to be a part of. They allow you to meet in person, virtually, by email, or text messages to discuss your investments and gain clarity to those investments.
Check out my new blog at EdwardsFamilyEmpowerment.blogspot.com which discusses investment discussion groups and social media stock groups.
Steps for Successful Investing
- Research again
There are many steps to Invest. Above, I provide my top five list on how to be successful in investing. The very first step is to research how to invest. This is the most important step. This step teaches you the fundamentals on investing.
Depending on your research methods, this may take you a long time to complete . However, we all know that learning never ends, so some of the processes can overlap each other. You can learn as you invest.
The next step is to setup your investment account so you can start investing. When doing so, you will have to provide the company you are working with your social security number. This is for tax purposes.
Once your account is set up, use the site to research stocks. This is the third step. You can also use Yahoo Finance, Motley Fool, and other reputable sites to research this information. In 2022, The Dream Stock Exchange will make its debut on the stock exchange ( https://dreamex.com). Dream “will focus on small business capital formation and diversity using the power of the American investing.” Make sure you check it out.
The next step is to create or join an investment support group. This group can be made up of friends, family, and even strangers. This will allow everyone to discuss stocks in detail and get others opinions.
The last step is to have fun. Investing should be fun and you should only invest what you can. Have fun, but not too much fun. You also have to be responsible while investing.
Short Term vs. Long Term Investing
How long Should I Invest? This question truly depends on your financial goals. Some people have short term goals, while other people’s goals are long term. It’s good to have short term and long goals. This allows you to invest in your present and future.
When investing you may want to consider the taxes you have to pay on stock sold before 1 year compared to stock sold after 1 year. Your annual income and filing status also pays a part in how much you will be taxed for the year. Let’s look at an individual filing head of household bringing home around 53,701 to $85,500 a year. Say this individual brings home $69,600.5 (The median between $53,701 and $85,500). She has capital gains of $10,000, which brings her annual income to $79,600.50. Her short term taxable rate is 22% compared to a 15% long term taxable rate for an individual filing head of household, bringing home between $53,600 to $469,050.
As you can see, it pays to invest long term; however, there are those occasions where short term investments are inevitably. Some examples are reverse stock splits, trying to save some portion of your investment, and day trading of course.
Now I can’t tell you what you should do. All I can say is to do what’s best for your wallet.
These are a few long term and short term stocks that you should consider.
- Lucid Motors
- Energy Transfer LP