What is going on today? - Megathread

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 doesn’t 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

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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 wouldn’t 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? :slight_smile:

If you are buying back the exact same shares that you have sold, it doesn’t 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.

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Yeah that’s what I was trying to say. it wouldn’t affect the allowance on the ISA, but if you buy back at the same price you’ll have the same number of shares. it’s irrelevant whether they were up or down at the time.

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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.

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This boggles my newly invested brain lol but I see when I actully think about it that it makes sence it’s just weird tho to think about it hehe

I did this last year and as already advised it doesn’t 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 you’re within your limit.

Not financial advice but that is what I did and it worked well.

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That’s 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.

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I’ve got a stack of RBS shares from pre-2008 waiting to be sold at the right time for that very reason.

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UK Inflation down to 6.8%, core inflation remains unchanged.
Inflation decreased mainly due to slower raises in food prices and reducing energy costs.

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Thanks for the great advice everyone, I will take a look into this, thanks alot :slight_smile:

Good morning :sun_with_face:

As usual the :top:articles published in the past few days:

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Have a great weekend :biking_man::biking_man:

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Thanks @ConsulinhoGaucho :slightly_smiling_face:

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?

You’ll lose on stamp duty or Forex - if applicable.

And you’ll 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.

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I mean technically they will be lower as you’ll pay FX/stamp duty on the reduced value.

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Will freetrade ever show records of stocks Greater than 5 years etc? Just wondering because it’s good to see far back.

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Download Yahoo finance. That will give you a bit more info.

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No one really knows what it best. Ask 5 people the same question you will get 5 different answers.

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Makes you wonder how they can be called ‘experts’ then?

Surely if they were that ‘expert’, they should all come up with similar ball park answers?