Do you know what spreadbetting is?
Did you know in the U.K. That income from spreadbetting is Tax Free?
That’s because it’s governed by Gambling laws…
Which I don’t like because I don’t like to gamble!
I prefer spreadbetting to be more of a “strategic investment”.
Here is IG.com brief explanation of spreadbetting:
🔹You’re not buying a physical part of the company.
🔹You are basically “betting” if the stock price will rise, or fall.
🔹You don’t need the full share price to be able to trade on the stock movement.
🔹Investment can be minimal and earnings can be huge.
🔹You can profit from the downfall of the stock, called shorting.
🔹Oh, and in the U.K. the profits are tax free.
Don’t forget our group at: https://www.facebook.com/groups/exftrading
Any questions, just ask away.