I would like to make sure that my first million won't be the last one. For this I would reinvest a portion of my bitcoin profits to stocks.
3 questions rise:
1. Must I pay income tax before investing my bitcoin earnings to stocks?
2. How profitable can stocks be?
3. This is probably lame but: what stocks would you suggest to buy?
I wouldn't own stocks to trade them but to get the dividends. However, I have no idea how profitable stocks are in that sense. Can anyone tell me how much money I should invest in some nice stocks in order for them to earn me noticeable dividends?
For question #1...you can re-invest your earnings whenever you want, but you will have a tax liability on the gains that you made from BTC. For the BTC you had more than a year it would be long term capital games, for BTC that you have owned less than a year it will be short term capital gains. The tax liability will be due when you file your taxes in April (in United States)