Hello Investors!
I hope everyone had a Happy Thanksgiving and a good time if you went shopping for Black Friday! I know when I went it was crazy, but not as crazy as the previous Black Fridays before the stores changed the way they had sales. If you did not know Cyber Monday is also a good time to get deals if you are shopping for Christmas gifts. I am not a spender, but when I need to buy gifts for Christmas this is the perfect time to try and get some cheap deals for gifts. You will want to save all that extra money for investing or saving for needs and not wants.
I wanted to remind everyone that this is the last month to make sure you are maxing out your IRAs. If you have a Roth IRA make sure you calculated enough to max out on $7,000 for those under 50 and $8,000 for those 50 and older. Depending on your income a Roth IRA is one of the best investments because it is after taxes. You will not get taxed on how much you put into the Roth IRA, but you will get taxed on only the gains. Maxing out your Traditional IRA or 401K contributions will help if you are making a lot of money. It brings down how much taxes are taken out at the end of the year, so pay attention to your income brackets. I do believe that every state has their own tax brackets unlike federal tax. A quick way to see your tax brackets for your state is using google to show your current states tax bracket. I currently contributed $6,456.00 with 2 more paychecks to go for 2024 which means I will have to add several more dollars to max out my Roth IRA. I always try to get as close to the max, so that I can just add the missing amount in December.
This paycheck I was only able to buy two Apple shares which brings me nine shares closer to my goal of one thousand shares of Apple. If you have not noticed yet I pulled out one thousand from my Apple savings account because I am going to purchase more yen because the rates are still good. The exchange rate has dropped over the past month, but you cannot always penny count every little thing. This would be considered timing the market. You will never figure out when the market will go up or down. If we did, we would all be millionaires by now.
Until next time…Have a wonderful weekend and remember it is never too late to start investing!
Current Goals:
Individual Stock Account + Traditional IRA Account – 991/1000 shares of Apple Inc. (AAPL)
Individual Stock Account – 20/100 shares of Nvidia Corp. (NVDA)
Roth IRA Account – 72/100 shares of Vanguard S&P 500 ETF (VOO)
Future Goals:
Individual Stock Account – 41/100 shares of Alphabet Inc. (GOOGL)
Individual Stock Account – 22/100 shares of Amazon.com, Inc. (AMZN)
Roth IRA Account – 58/100 shares of Vanguard Russell 1000 ETF (VONE)
My Investments for Friday, November 29, 2024
Combined Value of – $370,903.88
Apple Savings Account (4.10% APY) – $782.86
Yen (Average Rate 140.75 USD/JPY) – JP¥185000
Individual Stock Account – $214,890.61
Starting buying power: $657.37
Buying power remaining: $184.73
Apple (AAPL) – Purchased 2 shares
Price per share – $236.32 = $470.64
Dividends for November
Qualified Dividend Apple INC – $203.98
Dividend Reinvestment (DRIP) – Bought 0.9015 AAPL @ 226.2704
Roth IRA – $114,512.81
Starting buying power: $497.09
Buying power remaining: $497.09
No shares bought at this time
Next investment: 12/13/2024
Dividends for November
No dividend payouts for November as of 11/30/2024
Traditional IRA – $40,717.60
Starting buying power: $134.16
Buying power remaining: $134.16
No shares bought at this time
Next investment: 12/13/2024
Dividends for November
Qualified Dividend Apple INC – $42.75
No Dividend Reinvestment (DRIP)
It is never too late to start investing!