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Because of federal law, Robinhood and other online trading platforms are required to submit your investment activities for the year to the IRS on an annual basis.
When you create a Robinhood account, you must provide your social security number, which the IRS will record to report your earnings or losses.
[Read more…] about Robinhood Taxes: How Are Investment Taxes Handled?Life is full of unexpected incidents. Just when everything seems to be going along just fine, this is when disaster can strike, and you are left in a situation in which you are in desperate need of money but aren’t really sure where to turn to gain access to it. One option you have in front of you is to take out a personal loan for an emergency, but before doing so, some steps are certainly worth taking to protect yourself. It is these that we are going to discuss in more detail in the following blog post. So, without further ado, let’s get started.
[Read more…] about What Steps Should You Take Before Taking A Personal Loan For An Emergency?Investors are sometimes trapped between a rock and a hard place. Perhaps they initially signed up for an investing app only to discover it was unsuitable.
Fortunately, the procedure of moving stocks and changing brokerage accounts is straightforward. You may be thinking about switching from Robinhood to Webull. Many novice traders start their investing journey on Robinhood, but they discover it lacks in the research and analysis area.
[Read more…] about Transferring from Robinhood to WebullOne of the big economic news stories lately has been the Federal Reserve’s latest interest rate hike. The Fed has planned on hiking interest rates since last year, and so this hike is no surprise. However, unforeseen events this year have led to expectations of further interest rate hikes that will go far beyond what was previously planned.
[Read more…] about Will Your Credit Be Affected By The Fed’s Interest Rate Hike?Your credit score will be a significant factor if you’re looking to buy a car. This is because your credit score determines how much of a loan you can get and affects the interest rate that you are charged on that loan. For these reasons, you need to make sure that you have a good credit score before you start shopping for a car.
[Read more…] about Minimum Credit Score You Need to Buy a Car