Binare wahl opziomibi41 comments
Supersu apk with binary option
RRSP contribution deadline on March 1st is fast approaching. Like most Canadians, this is pretty much the only time when I give my Registered Retirement Savings Plan some attention. I've been putting my money at work for 10 years trading all sorts of markets but willfully ignoring the biggest cost to any trader.
Don't worry, this isn't yet another post about RRSP. Which is, a lack of liquidity. As the name suggest, RRSP is for retirement. Here's the problem simplistically put. If I take money out while I'm still working, I get taxed at my full marginal tax rate for those money. Even if they were supposed to be capital gain.
So money into my RRSP would effectively be locked in while my salary is still my main source of income! I don't have a wad of cash where I can just stash away yet. The fact is, taxes in Canada is ridiculously high.
So I need to do something about it soon. It is a reincarnation of the Tax Free Savings Account. As far as I know, Questrade is the only discount broker offering this type of account. Basically, it is a trading account in which there is no income taxes involved and any profit taken out would not count towards annual income too.
Sounds too good to be true? Here are 3 limitations for a TFSA trading account. I will discuss 2 shortly. But 3 is what matters the most to me as a trader. No margin means no leverage, no shorting, and no futures and forex trading. One-way trading is not a good thing for a trader. This is obviously a ploy to get people to buy, buy, buy.
And no forex trading?! Yet, I can't expect to have my cake and eat it too. Yes, this TFSA trading thing has strings attached. That's enough incentive for me to consider incorporating it into my portfolio. Make no mistake, this will not be my primary, or even secondary, trading account.
My plan is to use it as an ultra-conservative investment vehicle only. This is yet another item on my to-do list.
Come up with a strategy to trade this account with minimal risks can't stress this enough using Canadian stocks. I actually have some ideas already. But I'll save that for another time. In my next series of posts, I ask a fundamental investment question like any trader should. For more information on Questrade, youngandthrifty. Paul Lam Engineering Social Impact.