No need to wait for green to do that, as long as you buy in the ISA for the same price as you sell in the GIA it doesnât make any difference. In fact if you are close to hitting the ISA limit for the year you can get more shares moved across while using less of your ISA allowance by doing it at a lower price
So I can sell at a loss? Then what do u do tell hmrc about the loss and they give me back the difference in Allowence on the isa? I wouldnât ever be close to hitting 20k a year because I just make a few thousand above that so no worries there unless there are any other little tricks?
If you are buying back the exact same shares that you have sold, it doesnât even matter.
If the market continues to go down you may find you have bought back in at a lower cost bases and get more of the stock for the same price you sold at.
Yeah thatâs what I was trying to say. it wouldnât affect the allowance on the ISA, but if you buy back at the same price youâll have the same number of shares. itâs irrelevant whether they were up or down at the time.
Since you are using your GIA (taxable) If you are filling out a Self Assessment you could report your losses against the gains you have made to reduce your tax bill.
This boggles my newly invested brain lol but I see when I actully think about it that it makes sence itâs just weird tho to think about it hehe
I did this last year and as already advised it doesnât matter when you follow the process. One thing to be mindful of is the period it takes for the sale to settle in your GIA and then be transferred to your ISA. In a downward market that might work in your favour, but the opposite would be true in an upward trend and you could end up paying more for your stocks.
If you have the funds available you could deposit the amount needed to buy in your ISA and then trigger the sale / buy process at the same time. Then when your GIA sales clear you can either transfer the proceeds back to your current account or request a transfer to your ISA and boost that if youâre within your limit.
Not financial advice but that is what I did and it worked well.
Thatâs the way I did it, you do need to have spare cash available though. The advantage is that it eliminates the effect of market fluctuations.
Iâve got a stack of RBS shares from pre-2008 waiting to be sold at the right time for that very reason.
UK Inflation down to 6.8%, core inflation remains unchanged.
Inflation decreased mainly due to slower raises in food prices and reducing energy costs.
Thanks for the great advice everyone, I will take a look into this, thanks alot
Good morning
As usual the articles published in the past few days:
Invest Wisely
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Why Arenât Investors Selling Stocks to Buy Bonds?
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Does Adding Dividend Stocks Improve Portfolio Performance?
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Is Britain really as poor as Mississippi?
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Factor & Active Investing
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A quant & a financial planner discuss factor investing
Value and Profitability/Quality: Complementary Factors
Seth Klarman on What Makes a Value Investor Committing âSacrilegeâ
How to Invest Like Warren Buffett - the library
Is David Solomon Too Big a Jerk to Run Goldman Sachs? Inside a banking mutiny.
Wealth & Lifestyle
9 Biggest Mistakes High Income/High Net Worth Millennials Make
How can you cycle the world? - A practical guide
Charted - Gen Z job attitudes compared with other generations
5 big lessons popular personal finance advice gets wrong
The secret to happiness - how to let go & stop worrying
Tim Ferriss Is Changing His Mind
Have a great weekend
Thanks @ConsulinhoGaucho
One question when you said I could sell in the red and rebuy in an isa from a gia. Will I not lose pit on stamp duty both selling at a loss then having to rebuy again or?
Youâll lose on stamp duty or Forex - if applicable.
And youâll lose on the spread.
But those things are true no matter when you do the buying and selling - irrespective of your current profit or loss situation.
I mean technically they will be lower as youâll pay FX/stamp duty on the reduced value.
Will freetrade ever show records of stocks Greater than 5 years etc? Just wondering because itâs good to see far back.
Download Yahoo finance. That will give you a bit more info.
No one really knows what it best. Ask 5 people the same question you will get 5 different answers.
Makes you wonder how they can be called âexpertsâ then?
Surely if they were that âexpertâ, they should all come up with similar ball park answers?