RE:Capital Gains Tax - Just Buy and HoldExplorer200 wrote: Just an FYI to any investors who don't yet understand this. If you buy and hold any of these stocks that are exploding, you might be tempted to sell after huge runs. If you do so you are shitting a lot of money down the toilet during tax season via capital 50% gains tax. If you don't sell until next year (why would you anyways, the big announcement is happenig in spring) you forgo those capital gains for the year which means more marijuana profits in 2017.
Just pick some, buy them and hold them. Day trading these stocks is way more trouble than it's worth, and could loose you a bunch of money due to the Capital Gains Tax
I'm straight up TFSA investor so I may be wrong...but If you were playing the dips on these stocks, and managed to do it well enough then wouldn't the following be true:
Initial Investment: $10,000
Gains after Selling: $5,000
Reinvest on Dip: $12,500
Cash in Hand: $2,500
2nd Round Investment: $12,500
2nd Gains After Selling: $7,500
Reinvest on Dip: $16,250
Cash in Hand: $6,250
$6,250 in hand would be 50% of your Total profits on the sale of the stock you could remove this money from your account to pay your taxes...then you get to ride the waves potentially making more money as you grow your position