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Jazz Frade
02/22/2021 12:24
$PSEC Great long term holding stock, been holding this amazing company for the past 3 years and been upping my position every dip, its paying off, almost 150 a month in dividends ❤️❤️ dont sell this stock for small profits rememBer itll get tax as a short term capital gainS, which is a slightly hogher tax, whereas holding it for 12 months or more qualifies as a long term capital gains if you were to sell it, or even better dont sell it at all that way the gains cant be tax sinxe its an unrealized gain, The second you sell it it becomes a target of a realized gain which could be either long or short term, just putting it out there maybe it helps someone🤘🤘🤘
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All Comments(6)
jrb***com02/25/2021 14:06Hey any @Jazz Frade I'm planning on buying shares on this one and reinvesting dividends to buy more. Should I keep using a cash account or switch to a Roth/Traditional IRA?
Jazz Frade02/25/2021 14:08
To be completely honest with you i havent opened a roth/traditional ira yet, but definitely buy this company during the diPs to keep your average down, and definitely reinvest those dividends to get fatter payments every month, for me personally im doing it that way till either 30 or 35 Im 27 now, as far as iras go i cant help you sinxe i havent dipped my feet in it yet , hope that helps 🙏🙏
jon***com02/22/2021 14:15How many shares do you own if you dont mind me asking?
jon***com02/22/2021 14:41
Thanks!
Jazz Frade02/22/2021 14:35
Close to 2500 shares
Stonks Memelord02/22/2021 13:14You just throw the diVidends back in right?
Jazz Frade02/22/2021 13:20
Yes exactly ive been doing it for the oast 3 years and planning on keep doing it till I’m 30 which is in 3 Years , then i can ask myself if i can enjoy my dividends for my own pleasure or maybe I’m going to feel like i wanna keep putting it in until im 35 lol, but the cycle has been created so now the money just keeps recycling Without me depositing any money anymore 🙏🙏🙏 That right there its the most beAutiful thing to watch, everymonth my dividends increase , goal for 2021 Is to reach 200/month
Jazz Frade
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