Post by
Luckyguy777 on Jan 04, 2024 10:56pm
More TFSA money
I just made mine and spouse's TFSA depostis. Certiainly at 14k it s small but I am not sure there is a better place to put that money than CJ. I keep tellling myself I should sell some of the taxable shares to offset some risk but have no reason to sell..
Anyone here think otherwise? If I did sell taxable shares, I have to pay tax and get less dividends.. When you have a bunch at a low cost what should a person do?
Comment by
Valneigette on Jan 04, 2024 11:41pm
You did it right of course you could sell to offset a capital loss. The only problem I see is a take over offer and your taxable account will be at risk
Comment by
Pottsy on Jan 05, 2024 6:19am
Make sure you understand the rules around shares in TFSA, if you plan to trade in that account you could be at risk of tax and penalties.
Comment by
Pandora on Jan 05, 2024 9:38pm
Ok, sorry about that. You are definitely a way out of my class. I have to assume you also have no capital losses available either, to offset the gains. Carry on, you seem to be doing just fine. Paying a little tax at some point should not be a problem based on what you say about your holdings. You know tax is one of those two things that they say are inevitable or that you can be sure of.
Comment by
Luckyguy777 on Jan 05, 2024 11:43pm
Well of course I have positions that are in losses. Nothing major and I dont have a desire to sell any of those. BTE would be one, TVE another. I will ride those out. CPG I started buying somewhere in the high $40 mark. I am now in the money on that one. Hold on people. Follow the cash flow.
Comment by
loopsbutterfly on Jan 07, 2024 6:02pm
alll my shares are fully paid and I have no margin account.(37 900 shares) Some investors said they have big holding but in fact they hold on margin.
Comment by
loopsbutterfly on Jan 07, 2024 7:28pm
sorry it is not the same thing at all !!! 1-You have to pay interest 2-You can get a margin call me I can enjoy my full dividend without paying interest and no margin call no matter the stock go down so I can sleep at night quite well !!!
Comment by
loopsbutterfly on Jan 07, 2024 9:06pm
My point is 1-I have no margin call 2-my dividend is interest free......I dont borrow the shares all my shares are fully pay without the risk of a margin call you could own the best stock in town....you never know what could happen when you play the stock market
Comment by
loopsbutterfly on Jan 07, 2024 7:40pm
december 9 ,2023 you said you hold 8 000 shares and you also said it is by far your largest position...