Canada Nesties
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Stock market?
Anyone trade on the stock market?
I am going to start, now that my TFSA is finally open. Because the market is down (although I missed the first couple months of rebounding), there is some good potential to make some tax-free $.
Where do you get your tips?
Re: Stock market?
I have some stocks but don't really actively trade.
Can you explain a bit how you can make tax-free money playing in the stock market and how that links to the TFSA? I thought you would still have to pay taxes on any capital gains when you cash your stocks in.
If the stocks are held in your TFSA - then the gains are tax free. In your TFSA there is no tax on interest income or capital gains on investments held in the account.
Exactly (well of course, she's an accountant, lol).
DH and I wanted to dabble in the stock market anyways, so this TFSA is a great "deal" for us, in case we do make a bundle it's all tax free, as long as we only ever transfer max $5000 into each account. (We each got our own TD Waterhouse TFSA). And if we lose it... well.... we are only putting money in there we can afford to lose. Since we "only" have the mortgage now and no kids, it is not a big risk to us. Hopefully we are quick learners and pick stocks a little bit better than monkeys!
Does anyone have a copy of Finances for Dummies?
I am the biggest airhead when it comes to this stuff. It's like chinese to me. It has always gone over my head. WAY over.
I get many concepts of many fields but I was not blessed with the gene that understands finance.
I realize you're mostly joking LOL but I am sure the library has tons of books on this stuff. We don't know much about the stock market either, which is why we want to start small. I only know regular "buy" and "sell", but there is hedging, futures, options, sell-short, etc, which maybe eventually I will learn that stuff!!
Me too! I feel like I know nothing about this.. we just keep putting money away in savings, but I'm sure we're not optimizing that at all and could be making more if learnt more about. It's so foreign to me!
Buy low sell high?
That's all I got for ya...