In my home town, there is no tax on capital appreciation, such as profits from Stock, Dividend, Bonds, Mutual Funds, Forex etc. If u have the ability to trade a million out of your 10k account. IT IS YOURS to keep. If someone had been unsuccessful doing daytrading for 5 years, I believe he must be doing on a Demo account or just some practising account. Who on earth would have 5 years of sponsorship to keep failing trading? May as well park the fund with a Mutual Fund manager.
Singapore! Investment return are not taxable as far as I am concern. Even if u sell your property and the profit from property appreciation is not taxable! of cos that doesnt mean there is no TAX,, u might have already been tax on GST goods and services tax, property tax ( based on your annual valuation of your property) dividend from stock had already been paid for by corporate itself.
Singapore! Investment return are not taxable as far as I am concern. Even if u sell your property and the profit from property appreciation is not taxable! of cos that doesnt mean there is no TAX,, u might have already been tax on GST goods and services tax, property tax ( based on your annual valuation of your property) dividend from stock had already been paid for by corporate itself.
the answer according to a study at a day trading concern was: "70% lose all money and 10% make money"
What % chance do you have to score with the hottest girl at the party? Most will fail, but a few may win.