Quote:
Originally Posted by The Fonz
Question: Let's say I take $500, and spend it all on a stock worth $5.
500/5 = 100
Then I sell at $7.50...
100 x 7.50 = $750
What sort of fees/taxes will I be paying on this?
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Hey Fonz, don't forget that it typically costs $30 bucks to buy and $30 to sell, so you've got to factor that into your gains/losses.
Questrade.com trades range from $5-10 bucks.