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Thread split from the investor challenge thread - Patrick
Now you pay tax on your gains as a Trader. Every cent that you gained will be added to any other income you have and be taxed accordingly.
Had you kept the stocks for 3 years, then only 25% of the gains will be added to your income and that is a BIG difference.
In this competition YOU are a fund manager and if you sell your clients stocks before the 3 year rule, they will be taxed as traders.
Moral of the story is: Pick long term stocks. Not trading stocks. This is after all an investment competition.