Say for example, I buy 100 shares at 1$, if it goes up to 3$, and I sell the shares? I make a 200$ profit right?
2006-12-07 05:47:15 · 11 answers · asked by Anonymous in Business & Finance ➔ Investing
Some crazy answers out there!
Simply put, yes.
More complex answer, you get the $200 minus commissions and then at some point would most likely have to pay taxes on your gain. But yes, $200 profit. :-)
2006-12-07 06:24:11 · answer #1 · answered by Yada Yada Yada 7 · 3⤊ 0⤋
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2015-01-27 03:48:39 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Aside from the brokers commission, of course that's right. $3 times 100 is always $300. and $1 times 100 is always $100. Amazing how that works.
2006-12-07 05:49:55 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Assuming you get the $3, if you place a market order when the price gets to $3, sometimes the price may fluctuate and you get a little less. Next you have to figure the commission charges. Finally, you have to figure what you will need to set aside to pay taxes on your largesse--don't forget the IRS, they won't forget you if you do. If the sale happens within one year of the purchase, you are taxed at personal income rate and if over a year later the capital gains rate applies.
2006-12-07 06:06:07 · answer #4 · answered by Rabbit 7 · 0⤊ 1⤋
Don't buy $1 stocks, expecting them to go to $3. Penny stocks are a dangerous game, as you will learn the first time you are caught up in a 'pump and dump' situation... Stick to stocks whose names you recognize, or go with mutual funds.
2006-12-07 05:58:47 · answer #5 · answered by morlock825 4 · 0⤊ 0⤋
less the commission to buy and sell the stocks and less capital gains tax
2006-12-10 08:27:36 · answer #6 · answered by MST 4 · 0⤊ 0⤋
Yes, but you'd have to pay capital gains tax, which I think is 15%, so you'd keep $170 and pay $30 in taxes.
2006-12-07 05:49:34 · answer #7 · answered by STEPHEN J 4 · 1⤊ 0⤋
Yes. (If your broker is Zecco and if you are a Non-Resident Alien of the United States of America)
2006-12-07 07:09:07 · answer #8 · answered by Anonymous · 0⤊ 1⤋
buying stocks " when youve lost your marbles" is a bad idea hahahahahaha,
hey where di you lose your marbles?
2006-12-07 05:51:07 · answer #9 · answered by DOMINATUS 3 · 0⤊ 1⤋