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Message: Re: TFSA strategies
1
Aug 20, 2009 10:30AM
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Aug 20, 2009 11:28AM

I have spoken to others and not found any ideas, but with Traps commenting regularly about the TFSA, I thought he or others here might have some ideas.

I know the contribution each year is $5,000, however, if you put $5k into the account in 2009 and it grows to $12k (ie Sangold) and you withdraw those shares in 2009, my understanding is that your contribution room for 2010 would be $17k ($5k from 2010 plus the amount withdrawn in 2009).

Since my original post I was throwing this around as a possible strategy. If you think/"hope" SGR is going to go from approx $3 to $6 (double in value) whereas one of the other Greens plays (Cou, Wel, Skp) may increase by 3X or 4X, moving SGR out and another in might make sense. 10 cents to 30 cents can sometimes be easier to grow than $3 to $9.

Just a thought.

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Aug 20, 2009 02:02PM
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Aug 24, 2009 11:34AM
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