Month: May 2021

There are several factors to consider when determining the profitability of Bitcoin mining. To get a rough estimate of energy costs and profitability, any online Bitcoin mining calculator will give you a good ballpark number. However, there are other factors and expenses to carefully consider. If seriously considering mining Bitcoin, one needs to consider the following: Initial hardware costs for mining gear and its durability (from $2500-$6000 per Bitcoin mining machine, called an ASIC) The network hashrate Electricity prices in mining location Mining pools The future value of cryptocurrencies Mining Rewards Mining for Bitcoin can be very profitable if one is intelligent about it and has enough investment capital. Even with the recent mining reward halving to 6.25 BTC, that … Read more

One of the biggest decisions any investor must make in the early stages of growing their wealth portfolio, is what kind of trading they want to do. There are plenty of ways to invest in securities and assets to see either a long-term, or short-term return. Most of the time, traditional investment options involve placing your money in an environment where it can grow gradually over the years. However, if you understand the financial market, or have a knack for things like stocks and securities, then you might prefer to take a more active approach to build your portfolio. This is where tactics like swing trading come in. This kind of money-making opportunity is more fast-paced than the traditional investment … Read more

The COVID-19 pandemic has left many people wondering about their current career of pursuing a new career. When you have lost a job as a result of the pandemic or are in an industry that is now struggling, it really can be a juggle to see how things are going to work for you and make money online. How to Make Money Online Considering other options, particularly those that can be done from home and online, can make a big difference to your finances by making money online. Here are some things to consider, if you’d rather not go down the investment route right now, at least until you have a more stable income to rely on. Selling online Through … Read more

Morningstar Direct reveals that the S&P 500 dipped nearly 12% on 16th March 2020, and within 17 days, it had recovered fully, according to a report on CNBC. A market crash is inevitable, and as a stock investor, you’re likely to experience many cycles of boom and downturns. The good news is that market volatility doesn’t last long.  However, the duration it takes for your savings to rebound in the market depends on allocation. For example, it took a portfolio with over 70% of stocks and the other percentage in cash and bonds two years to recover from the 2008 financial crisis. Interestingly, a portfolio with an estimated 70% in bonds and cash and the remainder in stocks took only seven … Read more

Expensive taxes are stressful to the average business owner. The last thing an entrepreneur wants to do is to spend all their hard-earned income settling government tax obligations. Finding ways to minimize your tax liability can benefit your profit margin. Apart from consulting an experienced tax attorney, here are five clever ways to reduce your business’s taxable income and avoid being cheated by the IRS. 1. Employ your family members One proven strategy to cut down your business taxes is to recruit more workers from your own family. The reason is that the Internal Revenue Service allows a range of options that can potentially help you shelter your business income – one way to leverage this opportunity is to employ … Read more