April 2020 - Redefining Progress

Posts Written OnApril 2020

5 Good Reasons To Go into Debt

It might be a surprise to see a finance site like us to talk about debt in a positive fashion. However there are two types of debt that you can get into; good debt and bad debt. Most people are so involved and stressed out with bad debt that they think of all debt as bad. Bad debt is set up to keep you paying someone else interest on money for as long as possible for benefits that you will have forgotten long before the original debt is paid. It is the way that a lot of the economy works…

Bitcoin vs Stocks: (Pros and Cons and Which To Choose)

Bitcoin and stocks are very different kinds of investments. Let’s look at the implications of each, so you can decide which to choose if you want to put all  of your financial eggs in one basket. Bitcoin vs Stocks: Tax Implications Bitcoin emerges as the winner here. Short-term capital gains are usually subject to higher federal income taxes than long-term capital gains. Bitcoin enables you to harvest your tax losses to offset your capital gains tax liability. You therefore save more money, which you can then reinvest in your portfolio. Bitcoin vs Stocks: Capital Gains There’s no winner here, as…