Quote:
Originally Posted by Skyceman
It's not taxed if he has it in a TFSA.
I don't think its about timing the market - that's a losers game. If you are diversified, know how to use options and own steady stocks that pay good dividends you can make that in an up or down market.
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A TFSA allows you 5 grand a year. So you can make like 750 tax free getting a 15% return on your money? To buy stock, pay the buying and selling fee...than get your return you'd need to be buying smaller cap stocks to pull it off. Essentially you save the tax on $375. Not really significant.
Still with your second point, it still requires timing and above average investing skill in my opinion to use options. If making 15% every single year in the stock market was easy everyone would do it.
If you know what you're doing you can make money playing poker or betting on sports too. There are people who make a great living doing that. But it's very risky.