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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus who wrote (60791)	5/7/2018 8:03:43 AM
From: William Cloutier	Read Replies (2) \| Respond to of 79349

I think about opening a new trading account. Now I have a TFSA and, if I remember correctly, it's illegal to buy OTC traded stocks with this registered account. Even if I buy a stock on the NYSE, if I trade too much or book big profits in a short period of time, the Canada Revenue Agency can call me. I don't know yet how much I'll allocate to those small companies. Normally, chances of big returns need to be inside a tax free account but there's a limit I don't want to cross. I remember someone in my family telling me that he had only safe bonds in his TFSA and stocks in an unregistered account... since this person don't know a lot of things about the market I guess his bank told him to do so. That being said, when my new account will be open, I will start to dig a little bit more in microcaps too. Can't wait to see if we will find the same opportunities. I'm young and patient so I guess that's an edge. WIll