Investing for Dummies

[Martino]

Originally Posted by iRONDONkey

cap gains tax?
i thought it was well over 35%.. Lol

For Canada we're almost half of what profit is plus whatever you claim as income. So a profit is entirely margined by what you're doing. Essentially "investing" not claimed as an income of salary or anything is the capital gain and marginal tax rate (at the time).

No idea what it's like for you state side fellas, but I can only imagine it's just as harsh.

[S14DB]

Originally Posted by Martino

For Canada we're almost half of what profit is plus whatever you claim as income. So a profit is entirely margined by what you're doing. Essentially "investing" not claimed as an income of salary or anything is the capital gain and marginal tax rate (at the time).

No idea what it's like for you state side fellas, but I can only imagine it's just as harsh.

This is why it's important to know your liability before you get into stocks. You can fuck yourself real fast at the end of the year short selling.

[Martino]

Originally Posted by S14DB

This is why it's important to know your liability before you get into stocks. You can fuck yourself real fast at the end of the year short selling.

Forsure, especially when you're dealing with larger numbers. Fortunately for most people dealing with penny stocks their initial investment is usually within an affordable range and whatever has hit bottom is usually just a breaking even point of funds. Short selling has led to huge mistakes though, especially when your buy back is more than what you let them go for at a peak time.