E3 metals looks interesting. Anyone in it/researched it? Seem to have big lithium supply and has been mooning lately. They are mining but also researching better ways to extract lithium.
Canada - ETMC USA - EEMMF
Yeah man. They're getting a lot of traction and attracting some quality people who were recently laid off from conventional energy/mining positions.
Unfortunately only started a small position at $2 and kept waiting for the hype to die down a bit, but they've just been steadily increasing. Had a huge buy order (for like 10% of my portfolio) at $1.75 ready to go but it just didn't hit that number. Got too greedy.
If it ever falls into the low $3 range again that's one I'm going to buy into big time and hold for a while. I'd imagine they're working on another raise around $4-5 pretty soon though to solidify that price point.
So what's the deal I just transfer a part of my direct investing account into the TFSA and then I can't get taxed on that when I sell it?
When you transfer to the TFSA you'll realize the gains/losses from your margin account and it will start a new position in the TFSA, from which point you will not have any capital gains when you sell. The other cool thing is that the realized gains just add to your contribution room apparently (ie. if you have $5,000 of room this year which you use to buy whatever stocks, and then close those positions at a gain for $7,500 - you can use that full $7,500 on new positions, which will also be tax free). I think realizing losses has the opposite effect though, so be careful there.
I got super lucky by inquiring in this thread in late December and managed to switch some big "higher upside" positions (CCIV, HIVE, my own company stock) over to the TFSA; so now all of my gains in those over the past couple months will be tax exempt this year. Unfortunately, I didn't think the Score would 10 bag so quickly (and didn't want the 4x I was sitting on in December to be realized), so I left that one in the margin account.
Ah well.
