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Nairaland Forum / Nairaland / General / Investment / Us Stocks Pick Alert (663290 Views)
MTN Shares Pick Alert / My Stock Plays in US Stocks Market / Buying US Stocks From Nigeria (2) (3) (4)
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Re: Us Stocks Pick Alert by fredugo: 2:03pm On Dec 23, 2020 |
What's the news on HEXO? it's doing almost 300% in pre-mkt |
Re: Us Stocks Pick Alert by ChybuzzDD(m): 2:04pm On Dec 23, 2020 |
jajeri3216: You nailed it for Passfolio. Plus it takes a days(1-2 working days) for funds to settle both following a transfer and after selling stocks. I've also observed they charge some little commission if one is buying stocks beow $5. Generally, it's ok, especially when combined with Trove or T212 for quick trading. . 2 Likes |
Re: Us Stocks Pick Alert by Nobody: 2:21pm On Dec 23, 2020 |
kenneth6901: T212 is the best for penny stocks. It's almost impossible to trade on passfolio, so definitely not recommended. Between passfolio and trove for investing , i prefer passfolio . Similar stocks , but better fees. 1 Like |
Re: Us Stocks Pick Alert by ChybuzzDD(m): 2:31pm On Dec 23, 2020 |
fredugo: They did a reverse split yesterday. 1 Like |
Re: Us Stocks Pick Alert by bigrovar(m): 2:41pm On Dec 23, 2020 |
jajeri3216: Thnaks for the post I don't intend to trade my goal is long term investments in broad based etf using dollar cost averaging. My concern with Passfolio is the US dividend and estate tax. The former allows 30% of dividends accruing to your portfolio to be withheld if they are coming from US based companies or fund like US domiciled etf. The latter is even more draconian, if you have the audacity to die the US would confiscate 40% of your portfolio assets including cash with your broker. This is why I am considering Trade 212. I am still studying their tax laws for the US. 3 Likes |
Re: Us Stocks Pick Alert by Nobody: 2:49pm On Dec 23, 2020 |
bigrovar: Isn't that based on where you're domiciled?, like you have to be resident in the us for this to apply. As for the dividend tax , as far as I know , it's deductible before payment on all platforms, the capital gains tax is based on the tax laws applicable where you reside and not dependent on the broker. I could be wrong! 3 Likes |
Re: Us Stocks Pick Alert by OakPearl(m): 3:10pm On Dec 23, 2020 |
This thing can be sweet sha oh. Just logged in to T212 and was greeted with a dividend in one of the stocks in my portfolio. Earning USD for 9ja sweet like caramel ice cream oh. ![]() ![]() ![]() 10 Likes 2 Shares |
Re: Us Stocks Pick Alert by OakPearl(m): 3:13pm On Dec 23, 2020 |
Day traders see what you can make out of this. OCGN UAVS. Good luck. 3 Likes |
Re: Us Stocks Pick Alert by bigrovar(m): 4:05pm On Dec 23, 2020 |
jajeri3216: This is tax applicable to "non residential alien" to the US. And yes it depends on your location but to the extent if your country of residence has an income and estate tax treaty with the US. On SA and I think Egypt has this in Africa. The tax is meant for non US citizens residing outside the US. 2 Likes |
Re: Us Stocks Pick Alert by Nobody: 4:26pm On Dec 23, 2020 |
bigrovar: Check this link, confirms my previous comment https://www.investopedia.com/ask/answers/06/nonusresidenttax.asp 1 Like 1 Share
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Re: Us Stocks Pick Alert by Kennyking1234: 5:12pm On Dec 23, 2020 |
pcguru1:hmmm what bank statement did you use? 1 Like |
Re: Us Stocks Pick Alert by Leezah(f): 5:45pm On Dec 23, 2020 |
jajeri3216:Very true, Detailed analysis 80-90% accuracy But this their mentoring club they are shouting, 3 Likes |
Re: Us Stocks Pick Alert by Leezah(f): 5:46pm On Dec 23, 2020 |
Iamblessed007:Troove is your best bet |
Re: Us Stocks Pick Alert by Nobody: 5:50pm On Dec 23, 2020 |
Kennyking1234: Zenith Bank PDF Statement both Printed from the bank and online 1 Like |
Re: Us Stocks Pick Alert by Leezah(f): 5:50pm On Dec 23, 2020 |
bigrovar:No, I haven't tried Passfolio. do they have an app? 2 Likes |
Re: Us Stocks Pick Alert by Nobody: 6:02pm On Dec 23, 2020 |
Leezah: Impossible . Trove forex fees are ridiculously high, plus additional trading fee. Let's not mislead people. Exchanging 4,770,000 Naira. 5 Likes
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Re: Us Stocks Pick Alert by Leezah(f): 6:05pm On Dec 23, 2020 |
jajeri3216:When I deposited it was 387 1 Like |
Re: Us Stocks Pick Alert by yom2(m): 7:21pm On Dec 23, 2020 |
ChybuzzDD:do they have as much stock on their platform as 212? Cos when some one said drive wealth is their partner, I fear they may have the same limitations like bamboo and Chaka where 80% of the stocks are missing. That's d misery am going through right now. 1 Like |
Re: Us Stocks Pick Alert by Nobody: 8:24pm On Dec 23, 2020 |
Kennyking1234: Okay so curious one how did you input the address e.g First line of address, second line of address etc I pasted the same address twice in both fields and was still rejected but my babe wants to register so I don't want to have issues with hers. Thanks 1 Like |
Re: Us Stocks Pick Alert by Olaa123: 8:37pm On Dec 23, 2020 |
OakPearl: Thanks sir OCGN did Christmas bonus...over 200% 2 Likes |
Re: Us Stocks Pick Alert by zakkyzakes: 8:41pm On Dec 23, 2020 |
pcguru1:damn why the hell are they rejecting you 1 Like |
Re: Us Stocks Pick Alert by Jotrade: 9:37pm On Dec 23, 2020 |
OGEN sold 8k shares Jotrade: 1 Like |
Re: Us Stocks Pick Alert by stokfrick: 10:33pm On Dec 23, 2020 |
jajeri3216: Pls, Can u clarify on what u mean by "Mostly ux and functions?" Thanks 1 Like |
Re: Us Stocks Pick Alert by Predstan: 10:37pm On Dec 23, 2020 |
OakPearl: Still good to buy? 1 Like |
Re: Us Stocks Pick Alert by Nobody: 10:42pm On Dec 23, 2020 |
stokfrick: The search, favourite buttons don't work properly, the stock ordering flow doesn't make sense, you can't amend a limit order, which means you have to cancel before re ordering, app is slow and unresponsive, bugs with portfolio returns calculation etc Simple fix for all these issues, once done it'll be the best. 3 Likes |
Re: Us Stocks Pick Alert by Nobody: 11:52pm On Dec 23, 2020 |
If you're a newbie, use this link for your buy and sell signals. Just type your stock ticker, it'll will tell you whether to buy or sell , pretty accurate. Note it also changes fast. Remember there's no guru in trading, so stop the yes sir/ma mentality. With experience you'll improve. https://www.tradingview.com 5 Likes 2 Shares |
Re: Us Stocks Pick Alert by bigrovar(m): 2:19am On Dec 24, 2020 |
jajeri3216:Did you actually read what your posted.? Capital gains =! Dividends. Capital gains are not taxed. what is taxed are dividends from a US company and 30% of that is withheld by your broker. How is what you posted different from what I have been saying unless am missing something. 1 Like |
Re: Us Stocks Pick Alert by Nobody: 2:26am On Dec 24, 2020 |
bigrovar: Read what you wrote, this is what I responded to. Cgt is a taxable income dependent on the tax law's where you're domiciled, dividends are strictly taxed regardless. 1 Like
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Re: Us Stocks Pick Alert by bigrovar(m): 2:36am On Dec 24, 2020 |
jajeri3216:Capital gains on stocks are not taxed under us tax laws irrespective of residency or location. Only dividends and the amount deducted is dependent on your country of residence and if they have a subsisting income tax treaty with the US. Otherwise withholding tax is a flat rate of 30% of dividends. The estate tax applies to all non residents alien (unless again your country of residence as an estate tax treaty with the US) if not, you are subject to it and should you die while holding US stocks 40% of your assets in with a US broker would be confiscated. Including cash deposit with the broker. 1 Like |
Re: Us Stocks Pick Alert by Nobody: 2:41am On Dec 24, 2020 |
bigrovar: That's new to me,never knew capital gains tax was exempt anywhere in the world. Looks like you're confusing estate tax with cgt. 1 Like
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Re: Us Stocks Pick Alert by Nobody: 2:44am On Dec 24, 2020 |
bigrovar: One more 1 Like
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Re: Us Stocks Pick Alert by bigrovar(m): 3:04am On Dec 24, 2020 |
jajeri3216:Capital gain tax is exempted For non US residence aliens irrespective of where they live or reside (as long as it is not in the US) withholding tax on dividends is what varies from country to country depending on the tax treaty country of residence has with the US. The same thing for estate tax. Everything I have been talking about relates to non US residence alien. ie you are not a US citizen (or permanent residence) and you don't live in the US. 3 Likes 2 Shares |
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