Just Sold 10,000 shares of NVDA (NVidia Corp) on Nasdaq at $182.38 per share. Was posted to our Uniquely Toronto FB page at https://www.facebook.com/UniquelyToronto/
So I had bought 10K shares at $178.75 and sold them for $182.38. This resulted in a Capital Gain of $3.63 per share.
Gross Capital Gain on the NVDA trade was $3.63 per share at 10,000 shares = $36,300.00. Not Great, but not bad for a few days work. The one Down Side is that because I flipped it, I will have to pay Income Tax on the full amount of the Capital Gain. Long Term Investors (in Canada) only pay Income tax on 50% of their Capital Gain..
Disclaimer: This post is not meant as Investment Advice, nor is it advice to buy or sell any shares in any company.. Do your own Due Diligence. Seek out the advice of your own financial and investment advisors before risking any funds in the Stock or Futures Markets. You can lose money and even all of it when investing at the Stock Market Casinos. This post is for my own educational purposes.
Posted by Vincent Banial