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ā­BEGINNER TIPā­ (DOUBLE EDITION) (TAX CALCULATOR & SLICES) šŸ’ø Still way too much misinformation about taxes, especially short term so i found an awesome TAX CALCULATOR on Public that will tell you how much you'll pay in taxes everytime you make a gain!(its not 100% but it'll give you a close idea of what it'll be) šŸ“² https://public.com/capital-gains-tax-calculator Here's a video explaining short term and long term taxes if you want to learn what tax bracket you might fall in and what you might pay (not a shot a Public but i feel i broke it down in a far easier to understand manner than what's in the calculator link) https://www.youtube.com/watch?v=RDqEeZTedyI&t=2s Slices ExplainedšŸ• Here on Public you are able to buy slices of a stock, but what are they? A slice is exactly what it sounds like, usually its a slice or a part of a share. In other words instead of buying whole shares like normal you can buy dollar amounts. So for example if you want invest into $AMZN but cant afford to buy an entire share, you can instead just buy a slice of however much you can afford or want to buy. You donā€™t need the entire amount to be able to buy a position into a company. You can buy a slice thats as small as $1 and as big as any amount. How does it work? Does that mean if i buy $100 of $amzn @ $3200 and it goes up 10% to $3520, my slice will be worth $420?! No,when you buy slices you have to look at the percent and not the dollar amount, so if you bought a slice of $100 and it went up 10% then your slice would go up $10 and now be worth $110. Always keep this in mind since many people think a slice will earn the same amount of dollars a whole share. Another way of looking at it as a great reminder is a slice of a share is just a fraction of a share so since you bought a fraction, your return will only be a fraction of a shares gain. DIVIDENDS ON SLICES, DO YOU GET THEM? Yes you do! just like the gain you get as a percentage/fraction, you also get the dividend as a fraction. It won't be much but at least you will still get your dividend. SLICES AND FORWARD/REVERSE SPLITS, HOW DO THEY WORK? This one is a bit tricky because it depends on what the company chooses. Sometimes they will give people who own fractional shares a whole shares during a reverse split or even smaller fractional shares during a forward split. Sometimes they'll just liquidate the frational share and pay back what it's worth. To know for sure you'll have to look it up but you most likey wont find out until after it happens Steps to Buying/Selling slices When youā€™re on $The Companyā€™sā€ stock page tap TRADE (IF THE SLICE TAB DOESNT PULL UP CONTINUE) Tap BUY/SELL whichever youā€™re doing The ā€œBUY/SELL $THE COMPANYā€ tab will come up and on the lower left corner thereā€™s a bubble with 3 dots ā€œCHOOSE ORDER TYPEā€ tab will come up ā€œSLICESā€ ā€œMARKET ORDERā€ ā€œLIMIT ORDERā€ ā€œSTOP ORDERā€ Tap ā€œSLICESā€ and a tab like the first one will come up ā€œINVEST IN $THE COMPANYā€ and you can choose the certain amount of money you want to invest/sell. THERE'S A DRAWBACK TO SLICES The problem with slices is you can only sell them through MARKET ORDER! LIMIT ORDER is not an option at all. #my1stinvestment #newandreadytogetstarted #newatthisgame #newb #firstinvestment #learningasigo #idontknowwhatimdoing #beginner #beginnerinfo #beginnerinvestor #spidersmethod #undercoverhedgefund #thingsthatmakeyouthink #explain #taxes #slices #publiccommunity #publichelp #communitybuilding Subscribe to my YouTube! (All videos have Closed Captioning) https://www.youtube.com/channel/UC-3PLA7vsRD1RA8HGh7u7sg Sign up for Spidey Cents Text Alerts!(Both include 1 on 1 texting through my personal number so iā€™m available 24/7 [READ DESCRIPTIONS to understand 1 on 1 texting and all included features!]) šŸ“²PremiumšŸ“² https://ko-fi.com/s/7a5427fe32 šŸ’ŽPro-LevelšŸ’Ž https://ko-fi.com/s/3c683b1b98 Get your entire portfolio built or have your portfolio analyzed to figure out the problem and improve your gains! http://ko-fi.com/undercoverhedgefund/commissions Follow my Twitter! https://twitter.com/SpidersMethod Follow my IG!(dm so i can follow you back) https://instagram.com/_spidersmethod_ Add me on Facebook https://www.facebook.com/UndercoverHedgeFund Disclaimer https://drive.google.com/file/d/1L3M9kkcYWj9Tx9NAfdVabuiaEaP4XWuW/view?usp=sharing
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