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Originally Posted by The Fonz
Thanks, I knew it sounded too good to be true!
Going by the example I gave, would that $200 gain be completely gone after the brokerage fee and taxes? Would I actually wind up paying money?
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If you use small online traders or even most major banks the fees are fairly small.
You would certainly make money in your example.
The problem is not fees or taxes, the problem is that you're assuming your penny stock is going to go up. What is it goes down as most do?
Penny stocks are usually the most high risk stocks out there, and chances are your 10 cent stock will end up being worth nothing.