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The Fonz · 01-15-2008, 09:26 PM

I've never invested, and I've got a question to ask.

Ex: Stock XXX is worth $.10, so investing $1000 into this stock would buy me 10,000 shares. The next day stock XXX goes up to $.12, and I sell all 10,000 shares. This gives me $1200.

What sort of fees/taxes would I be paying on this? Surely it can't be that easy to make $200...otherwise people would just mess around with penny stocks and do this every few days. Right?

Help would be muchly appreciated!

01-15-2008, 09:26 PM	#1
The Fonz Our Jessica Fletcher Join Date: Dec 2004 Exp:	Question About Stocks I've never invested, and I've got a question to ask. Ex: Stock XXX is worth $.10, so investing $1000 into this stock would buy me 10,000 shares. The next day stock XXX goes up to $.12, and I sell all 10,000 shares. This gives me $1200. What sort of fees/taxes would I be paying on this? Surely it can't be that easy to make $200...otherwise people would just mess around with penny stocks and do this every few days. Right? Help would be muchly appreciated!