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curves2000 · 01-27-2021, 01:27 PM

I am hoping a few of you CP cat's might be able to provide some guidance, advice, alternative thinking or just reassurance on a potential strategy.

I have been a long time Blackberry shareholder, 10 years now. I have an average cost of approx $11 and I hold it in both cash and TFSA accounts.

I have approx $40k in room in my TFSA from a withdrawal I had done a few years ago and never replaced.

I am thinking about doing an in kind contribution of approx $40k into the TFSA of BB shares. I would be booking some capital gains in the cash account and than have it tax sheltered in the TFSA in the event this insanity continues.

I have some trailing stops in place and I am following closely. I guess I am just looking at minimizing taxes, maximizing upside potential while limiting potential losses.

Am I missing anything? Anything anybody would do different? Anything other than capital gains taxes I should worry about? Any stop loss techniques or other trading strategies?

Normally I am not this much of a clown but this last few days has been wild.

01-27-2021, 01:27 PM	#1802
curves2000 First Line Centre Join Date: Dec 2013 Location: Calgary, Canada Exp:	I am hoping a few of you CP cat's might be able to provide some guidance, advice, alternative thinking or just reassurance on a potential strategy. I have been a long time Blackberry shareholder, 10 years now. I have an average cost of approx $11 and I hold it in both cash and TFSA accounts. I have approx $40k in room in my TFSA from a withdrawal I had done a few years ago and never replaced. I am thinking about doing an in kind contribution of approx $40k into the TFSA of BB shares. I would be booking some capital gains in the cash account and than have it tax sheltered in the TFSA in the event this insanity continues. I have some trailing stops in place and I am following closely. I guess I am just looking at minimizing taxes, maximizing upside potential while limiting potential losses. Am I missing anything? Anything anybody would do different? Anything other than capital gains taxes I should worry about? Any stop loss techniques or other trading strategies? Normally I am not this much of a clown but this last few days has been wild.