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Video instructions and help with filling out and completing What Form 2220 Deposits

Instructions and Help about What Form 2220 Deposits

What is going on world stocks in the street back with another episode today I am going to talk a little bit about what I mentioned yesterday I've got videos I'm posting them back-to-back which is very unusual for me but I know yesterday I gave another reference to my 90/10 approach to investing now currently with the holdings or the stake that I have through the Robin Hood app currently I'm at a forty three point seven one percent holding of SP 500 and my goal is to get that number that forty three point seven one percent up to ninety percent so what I ended up doing yesterday I placed a limit sale man I got rid of the shares that I had of square if you recall yesterday my portfolio I had 50 shares of square so I went ahead got that taken care of and I'm going to use those funds actually and dump it right back into the S&P 500 which is going to increase my current holdings so let's go ahead and pull up a Vennegoor at S&P 500 is this the only one on a Robin Hood absolutely not there's ivv there's sp why I'm there's quite a few different options you could even do it inverse but that's a whole nother conversation so I'll put that in the current price as a limit amount I wanted to end today cuz I don't want that to execute so right now I've got like two thousand two hundred fifty nine dollars and thirty nine cents which should allow me to get eight shares of on this specific stop so or ETF I guess and then now and if we look I've increased my portfolio value to fifty two point four five percent so essentially what I'll do I'll continue adding into my my Robin Hood account until I get to a point where the percentage of my portfolio that is in the S&P 500 ETF for this specific one is ninety percent and then I'll try to I'm not gonna reduce my other holdings my goal will be to just continue making the occasional purchase so I get to the point where these holdings respectively are smaller but anyways I'll make this video somewhere short here's my video I keep tune I'll kind of let you know where I'm headed overall if you want to see here's my here's what's happened in the last week for me not been a bad week last month and then well this is 2021 so we run from there I look over 3-month period is missing ups and downs but when it's all said and done with patience is key I mean that that's the name of the game when it comes to investing you can get into day trading and sweet swing trading and things like that but every single time in the long haul they end up losing out by time you factor in brokerage fees and just other miscellaneous stuff and short term capital gains and I'm in it for the long haul you know I'm not looking to be an expert in the market I'm just looking to get to a position where I'm outpacing inflation and making a little bit of return on my money anyway stay tuned stocks in the streets we'll have more videos coming your way.

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