RE:RE:RE:RE:RE:How to make money with PYR? This.... "Trying to time in/out is pure gamble and that is a bet I wouldn't want to make w all the explosive upside that can happen any day." God bless folks like Good4You to do what you did. My stones are not that large.. My luck would be the huge torch sale announced and I'm standing there mouth open, bag lady bags in hand with stupid look on face..
Tell him thanks for the tax explanation. I wasn't aware of how that system worked.
developbc wrote:
Good4You wrote: Capital gains are not taxable on profits of your Quebec free tax account called CELI and, if like me, you paid average $1.35 a share for 10,000 PYR: total cost of $13,500, every dollars you make on top of this initial amount is not taxable (now $80,000), even if it goes to $100/share ($1,350,000) And what you take out one year of the account, you may add it back the following year. My other PYR shares are in my profit taxable account and are taxable if I remove them of that account. G4Y
Very easy to time the mkt in hindsight. So many arm chair investors coming out of the woodwork proclaiming investment strategies to time the top and bottom.
With PYR ...I invest and hold. Trying to time in/out is pure gamble and that is a bet I wouldn't want to make w all the explosive upside that can happen any day.
LONG AND STRONG PYR!