Gyroscopic Investing

It would be nice if all this overt and covert negative energy actually went into something that has a chance of improving the community, county, state, country in which we live instead of just throwing hand grenades on the table with no means of defusing. Jeeze people, you'd think we we were all Stalin, Kim Jong-un or Hitler fans. And, I don't even particularly like the guy "we" elected. Grow up and grow a set you bunch of snowflakes.

What's the tax treatment? Like Vegas winnings?

30% return on your investment if I calculated that correctly.

Jack Jones wrote:30% return on your investment if I calculated that correctly.

Eh, that's not taking into account their fees. I just found out they will take a 10% cut of your winnings at the time you win, and then they also take a 5% cut when you withdraw money from their site.

Jack Jones wrote:

Jack Jones wrote:30% return on your investment if I calculated that correctly.

Eh, that's not taking into account their fees. I just found out they will take a 10% cut of your winnings at the time you win, and then they also take a 5% cut when you withdraw money from their site.

Now that's free money. Running that website, I mean.

Jack Jones wrote:

Jack Jones wrote:30% return on your investment if I calculated that correctly.

Eh, that's not taking into account their fees. I just found out they will take a 10% cut of your winnings at the time you win, and then they also take a 5% cut when you withdraw money from their site.

I didn't see a 10% cut at the time of winning, although I did know about the 5% money withdrawal fee.

And I believe it is taxed like futures contracts, although you should do your own research about that.

Libertarian666 wrote:
I didn't see a 10% cut at the time of winning, although I did know about the 5% money withdrawal fee.

I found out about the 10% cut by talking to someone through the little support IM window that pops up at their site.