PINL:HERTF - Post by User
Comment by
PumperStalkeron Jul 23, 2018 12:34pm
82 Views
Post# 28353544
RE:RE:RE:RE:RE:RE:RE:RE:RE:Notice how all the bashers never seem to share which stocks
RE:RE:RE:RE:RE:RE:RE:RE:RE:Notice how all the bashers never seem to share which stocksThat's why you have to be little more selective in your trading in a TFSA.. I keep longer term plays in there and limit any trading to 7/week..
Inside RRSP doesn't matter.. You will get taxed once you withdraw based on the amount you withdraw..
Bank holds back 10% on $4,999 and under, 49,999 to 5,000 it's 15% and anything over $50K it's 50%
You may pay more at the end of the year but it all depends on how much you withdraw and what your regular income level is, if you have one. ;)
AxelNotRose wrote: I see, so you're not worried about articles like these? I don't know if such articles are BS fear mongering or have any real consequences.
https://business.financialpost.com/personal-finance/stop-using-your-tfsa-to-frequently-trade-stocks-the-cra-may-see-it-as-business-income
PumperStalker wrote: Not if your trading inside your RRSP's and limiting your TFSA trades to 7/week and yes I pay tax's on my RRSP withdrawls if and when I do :)
AxelNotRose wrote: I don't know which tax jurisdiction you're in but from a Canadian stand-point, buying and selling this much (day trading) would put you in an "income" category rather than a "capital gains" category from a CRA perspective.
PumperStalker wrote: I have longer term holds also and it's definitley not bad for spare change ;)
AxelNotRose wrote: Ah, I see, so you're not a long term holder. More of a day trader. Makes sense.
Personally, $75k /yr is a little low for me but it's still nothing to sneeze at. Good luck with your trades.
(Although I still don't quite grasp the satisfaction you get from bashing so much. I mean, is it just to kill time as you buy and sell for your daily gains?).
PumperStalker wrote: It is if you trade enough to average out about 500/day or 2500/wk times 30 weeks of trading per year which ='s $75k ..
I'll take that anytime while the dreamers keep on dreaming.
Today it's HIVE and KASH and I'm just waiting for this slug to open up :)
AxelNotRose wrote: And which three are those? You post so much that it gets lost in all the noise. As for being in the green today, it means nothing. The volatility is so high that being in the green on any one given day is hardly indicative of any success.
PumperStalker wrote: I've already posted 3 that I trade and all three are in the green today as are quite a few bitcoin stocks.
If this one opens gap up, it will come back down to fill that gap so those that want to trade today's supposed 5 or 10 bagger might want to wait for it until it starts to fill that gap.
Let the Guru Crew do the work for you cuz they are selling into their pumps and that's a given.
AxelNotRose wrote: They support?
They bash and bash and bash and then claim they have other long term holds but never share which ones. They pretend they know better than everyone else but never actually provide any info on which stocks their holding and support.
Strange...