Categories
Investing

What are GBX and GBP?

The UK currency is the British pound sterling. This is abbreviated by GBP throughout the financial world, but you may come across another term, GBX. The latter is actually used more frequently with listed companies on the London Stock Exchange, but what exactly is it?

Categories
Investing

Don’t fall for scam portfolio trackers

I was searching around to look at the competition for my investment tracking spreadsheet, seeing what I could add to further enhance the feature list, and I noticed something awful. I discovered a few spreadsheets that are outright scams. And I’m not just talking about those that steal other people’s work and lock it behind a paywall, I mean there are even some that state they will have access to your investment tracking spreadsheet. What?!

Categories
Investing

What is a stock?

Stock is essentially a security that indicates the ownership of a company. Also known as equity, holding shares of a stock enables the owner access to assets, profits, and votes equal to how much of a stock is held. The more stock a party holds of a company, the more they’re entitled to.

Categories
Investing

How to invest during a market crash

The markets are turning red. You’ve enjoyed countless months of safe passage into the lands of green gains, but now your portfolio is starting to slide. What do you do? Sell everything and hope that the markets will recover within the next few years? Not at all! Here’s what you need to do when the markets inevitably crash.

Categories
Dividends Investing

My Dividend Tracker vs. Digrin

There are a few tools out there that allow you to manage and track your investment portfolio as well as earned dividends. My dividend tracker spreadsheet is but one example, using Google Sheets. But not everyone wants a spreadsheet to keep tabs on their investments, which is where a service like Digrin comes into play. I’m going to compare my tracker to Digrin.

Categories
Personal Finance

How is cryptocurrency taxed?

Did you know the UK Government charges tax on cryptocurrencies? Just because these assets are considered “decentralized,” it doesn’t mean you can avoid the taxman. Whether you’re buying and selling crypto assets or mining Ethereum (ETH) on your gaming PC for passive income, you’re going to need to declare profits.

Categories
Dividends Investing

Dividend Tracker 0.97 update: Cryptocurrency

Cryptocurrencies may be a joke to you, but there’s no escaping the fact millions of people are actively trading digital currencies and even governments are starting to take note. If you’re accumulating some Bitcoin or are using digital currencies to store some wealth, I’ve added the ability to track cryptocurrencies in the Dividend Tracker.

Categories
Dividends Investing

Paying tax on your dividends (UK)

When receiving a dividend, it’s considered a form of income. Even though you may have already paid some form of tax on the money you invest in a company, you will still have to pay tax when earning dividends. If you hold shares outside of a stocks and shares ISA, you will need to pay tax and this guide will run you through everything for the UK.

Categories
Personal Finance

How to improve your credit score

There’s a hidden number attached to your back as you browse loans, mortgages, and other financial products. It’s called your credit score and it’s what is used by lenders to determine how much of a risk you are, as well as how much you can borrow and what interest charges will be applied.

But what exactly is your credit score, how is it formed, and how does one go about improving it?

Categories
Life

I’m on YouTube!

Give me a blank canvas on a PC and I’ll be able to type for days, but sit me in front of a camera or microphone and I can freeze still. There was always just something about recording myself, well … talking to myself. I felt uncomfortable, especially with Ophelia lurking around the house. That was until now. I’m officially on YouTube!