You do have a point on the capital gains tax. That would limit how often you do it to once a year otehrwise you get stuck counting it as short term stocks and have to pay earned income taxes on it.
I plan on using the shares I loaded up in my Roth IRAs so there will no penalties no matter how much I flip it since it is considered a retirement account.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.