I would like to make sure that my first million won't be the last one. For this I would reinvest a portion of my bitcoin profits to stocks.
3 questions rise:
1. Must I pay income tax before investing my bitcoin earnings to stocks?
2. How profitable can stocks be?
3. This is probably lame but: what stocks would you suggest to buy?
I wouldn't own stocks to trade them but to get the dividends. However, I have no idea how profitable stocks are in that sense. Can anyone tell me how much money I should invest in some nice stocks in order for them to earn me noticeable dividends?
3 questions rise:
1. Must I pay income tax before investing my bitcoin earnings to stocks?
2. How profitable can stocks be?
3. This is probably lame but: what stocks would you suggest to buy?
I wouldn't own stocks to trade them but to get the dividends. However, I have no idea how profitable stocks are in that sense. Can anyone tell me how much money I should invest in some nice stocks in order for them to earn me noticeable dividends?
1. Depends on your country but generally yes all forms of income are taxable even barter
2. Stocks can be very profitable finding the one that pays the best is the challenge and some stocks can be non traditional example recently Maidsafecoin
3. High Yielding risk stocks or Berkshire if you feel like it. Income trusts were popular a while ago although not as much now, so would recommend tech that looks like it has a market to grow into.
Fairly low risk ones are Canadian Banks and dividend yields like TD or Royal from traditional stocks
Tesla Motors electrical etc.
Or tried and true Energy Stocks / Commodities
Enmax etc.
