Tax treatment of MSTY. Distributions will be taxed as income. (with the exception of ROC) If you diy, you generate capital gains, either from selling pemium or trading. In Canada you are taxed at the capital gains rate (on 50% of the capital gain) IE you pay 1/2 the tax. If you have MSTY in a TFSA there is a 15% withholding tax that you can't recover.
Depending on where you live and your citizenship, tax on US traded dividends can vary significantly. For non US people and Singapore resident it's 30%, Singapore has no tax agreement with the US. I trade through my IRA, so regular US income tax, which I will make sure is less than 30%.
I exited MSTY at 22, made a little money in the process. Now waiting for the opportunity to enter before 07/30 div, hopefully on a dip.
It made sense when MSTY share price dropped. Triggered at 22 from then 22.09 high. Couldn't anticipate BTC's/MSTR sharp rise overnight. Still a couple of weeks to go...plenty of time to see the market drop.
Yeah, but if you're aiming for capital gains, it makes more sense to hold IBIT during the rally, sell into strength, and then rotate into MSTY after prices pull back. MSTY isn’t built for upside capture during sharp moves — it lags because of the yield-generating option overlay. So if you try to ride the rally with MSTY, you're giving up gains and taking on unnecessary drag. For example IBIT gapped up $2 but MSTY only $0.40... A smarter play is: Hold IBIT through the Bitcoin/MSTR run-up Sell near the top to lock in gains Buy MSTY after the pullback to start collecting high yield at a discount This way, you maximize total return — capital gains first, then high income after. I just unloaded my YBTC because I wanted to shift capital elsewhere.
Hey guys, buy IBIT and sell it at the top tick and then buy MSTY at the bottom. That's how you maximize total return.
I literally just said that...but is it worth the hassle? 100k you would have about 1500 IBIT shares so pnl 3k on this gap up...so you gain 140 MSTY shares for your troubles...