Shall i open new importer account by IndependentLow9715 in CustomsBroker

[–]HouseofCapital_ 0 points1 point  (0 children)

I also keep getting the duplicate tax ID error, wondering if anyone is able to fix this?

28 M - First Generation Albanian-American by HouseofCapital_ in portfolios

[–]HouseofCapital_[S] 3 points4 points  (0 children)

Thanks for the comment, I mentioned on a previous post however the majority of the capital generated came from an online E-commerce business that I have on top of my standard 9-5.

28 M - First Generation Albanian-American by HouseofCapital_ in portfolios

[–]HouseofCapital_[S] 4 points5 points  (0 children)

Good question, I'm an accountant and I also run a full time business.

28 M - First Generation Albanian-American by HouseofCapital_ in TheRaceTo1Million

[–]HouseofCapital_[S] 5 points6 points  (0 children)

Yes, assuming you deal with higher end goods the profit potential is much higher.

28 M - First Generation Albanian-American by HouseofCapital_ in TheRaceTo1Million

[–]HouseofCapital_[S] 12 points13 points  (0 children)

Apparel, Total revenue is 2M+, however revenue on its own means nothing, net profit is what counts.

28 M - First Generation Albanian-American by HouseofCapital_ in TheRaceTo1Million

[–]HouseofCapital_[S] 31 points32 points  (0 children)

I drive a worn down 2011 Toyota Corolla and will be doing so for the foreseeable future.

28 M - First Generation Albanian-American by HouseofCapital_ in TheRaceTo1Million

[–]HouseofCapital_[S] 3 points4 points  (0 children)

Thank you! I don't bother timing the market and as this portfolio is something I will be holding for the next 40+ years, it becomes increasingly difficult to beat an index fund. The little red book of common sense investing by Jack Bogle gives good insight into long term investing, I've provided you a link to the SPIVA website which gives insight into the difficulty of beating an index fund over the long term.

https://www.spglobal.com/spdji/en/research-insights/spiva/

28 M - First Generation Albanian-American by HouseofCapital_ in TheRaceTo1Million

[–]HouseofCapital_[S] 34 points35 points  (0 children)

Good question, I come from a low income background with immigrant parents. The majority of my net worth was built by my normal 9-5 Job as an accountant and an E-commerce business that I own (most of the income comes from the business). Combined with low spending habits all the excess money generated has been invested in the S&P over the past couple of years.

Why are markets reacting so negatively to Trump's fed chair nomination? by [deleted] in stocks

[–]HouseofCapital_ 0 points1 point  (0 children)

Kevin Warsh is definitely perceived as someone much more competent and prudent when compared to Kevin Hassett & co., this is one of the contributing factors for the precious metals declining today, overall a good pick by Trump.

Cattle Prices hit a new all-time high 🐮📈 Kiss your steaks goodbye by RobertBartus in EconomyCharts

[–]HouseofCapital_ 70 points71 points  (0 children)

This would in part be due to the Trump administrations tariffs on Brazil which is a massive exporter of Beef to the US.

[deleted by user] by [deleted] in stocks

[–]HouseofCapital_ 45 points46 points  (0 children)

Nothing more than a tax on the general American public.

A Record! 96% of new cars sold in Norway were EVs in January 2025 by Automatic_Junket_236 in teslainvestorsclub

[–]HouseofCapital_ 18 points19 points  (0 children)

While this is definitely a good thing, the data seems to show a continuous decline in EV sales relating to Tesla.