Why are people so fixated on capital?

WXY trader: What are you trying to prove with this thread?

 

In every chat board someone posts an intelligent remark and then kills it with their last sentence.

 

No, I'm saying it's better to have a 35.87% return with IBIT than a 26.58% return with dividends reinvested in BITO.

And, the 26.58% return with BITO does not account for U.S. withholding
https://www.vanguard.ca/content/dam/intl/americas/canada/en/documents/WithholdingTax_Guide-final.pdf

or any Canadian taxes on the dividends (assuming you still live in Canada).

 

Who's reinvesting? Are we going to factor in being able to qualify for a better mortgage rate with a higher income? How about more cpp? There is a trickle down affect for having a higher income.

 

You can't trade in an TFSA or you risk getting taxed at 100%

You should lol...need I mention my 2008 Lambo?

 

That people are way too fixated on capital...wealth is created from capital being put to work, not relying solely on capital gains......also I am waiting for some scenery updates to install...

 

You need to go talk to your tax guy.
I've been trading in my TFSA since they originated. They frown on daytrading but they have yet to do anything to a retail trader.

Not recently, are you starting to feel inadequate again?
Why are you so proud of a used car?

 

Not yet. They can just decide on a whim that you're using it for unintended purposes.

 

I can't do anything about something that might happen.
That would be like putting your faith in elliot waves.LOL

 

And how would I be using it for unintended purposes.
The purpose of a Tax-Free Savings Account (TFSA) is to allow Canadians to save and invest their money tax-free throughout their lifetime. It was introduced by the Government of Canada in 2009 and provides a registered tax-advantaged savings account where qualified investments can generate interest, capital gains, and dividends without being taxed.
www.canada.ca