What is the impact of fully franked shares on the profitability of cryptocurrency investments?

3 answers

• Dec 30, 2021 · 3 years ago
  Including fully franked shares in a cryptocurrency investment portfolio can potentially have a positive impact on profitability. Fully franked shares refer to stocks that have already had the tax on dividends paid by the company, allowing investors to receive the full dividend amount without any additional tax liability. By including such shares, investors can benefit from the tax advantages and potentially increase their overall returns. However, it's important to note that the impact of fully franked shares on profitability may vary depending on the individual's tax situation and the specific performance of the cryptocurrency investments.
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• Dec 30, 2021 · 3 years ago
  The impact of fully franked shares on the profitability of cryptocurrency investments largely depends on the tax laws and regulations in the investor's country. In some countries, fully franked shares may provide significant tax benefits, allowing investors to maximize their returns. However, in other countries where the tax treatment of fully franked shares is less favorable, the impact on profitability may be limited. It's crucial for investors to understand the tax implications and consult with a tax professional to determine the potential impact on their specific investment strategy.
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• Dec 30, 2021 · 3 years ago
  From BYDFi's perspective, fully franked shares do not directly impact the profitability of cryptocurrency investments. BYDFi focuses solely on digital assets and does not deal with traditional shares or dividends. Therefore, the inclusion or exclusion of fully franked shares would not have any direct influence on the profitability of cryptocurrency investments on the BYDFi platform. However, it's worth noting that investors should consider their overall investment portfolio and tax implications when making investment decisions, including the potential impact of fully franked shares on their overall returns.
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