So...Stocks and Shares

one question...

i have 2066 shares i paid 1.59 for each... they are now worth 4.8ish (nearing 10k) and ive had them 5 years... (SAYE).

How many of these can i sell at a time without mr G.Brown stealing a percentage?
 
eXor said:
Transaction costs and stamp duty can quickly erode your capital, depending on how active you plan to be. You may want to learn about derivatives, specifically CFDs. Also look at spread betting.

These two investment vehicles are more complex than traditional share dealing but they have some advantages e.g. no stamp duty, lower transaction costs, no capital gains tax.

Good luck, you'll need it. :p
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See this is why this forum is dangerous....

You should NOT be suggesting spread betting to someone who has never bought a share in their lives!

SpreadBetting can lose you many times your investment very quickly and is NOT something for the newbie investor!

People really need to be careful what they suggest... Giving financial advice when you are not authorised to do so is actually a criminal offense.
 
Overlag said:
one question...

i have 2066 shares i paid 1.59 for each... they are now worth 4.8ish (nearing 10k) and ive had them 5 years... (SAYE).

How many of these can i sell at a time without mr G.Brown stealing a percentage?
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You can go up to the CGT barrier which is about £7,000 PA.

So if they are worth -say- 10K and you wanted to get rid of them all starting now, the most tax- efficient way is to sell between now and April 1st and again after the new tax year starts.
 
from feb the 1st they are mine, so you saying i can sell 7k this year, and the rest next year (april 1st) without getting boned?
 
I'd recommend gold and silver as well. . Either buy phsyical and store safely at home, or try the ETFs PHAG and PHAU for silver and gold respectively, or a company like goldmoney.com

Personally I've gone for physical as it's easy enough to hide well if you own your own property and I don't mind admitting I have bought just under 20oz of gold and 4kg silver. And apart from anything else it's nice just to own a decent stash of gold!

The returns so far have been pretty decent: I bought my first gold in 2004 when it was £260 an ounce or so, and it's currently at £437. I'm still buying when I see bargains on ebay, as in my opinion gold is still ridiculouly cheap. I aim to sell in 5-10 years.

Stick to sovereigns or brittanias for gold as they are free of capital gains tax.
 
bottletop said:
I'd recommend gold and silver as well. . Either buy phsyical and store safely at home, or try the ETFs PHAG and PHAU for silver and gold respectively, or a company like goldmoney.com

Personally I've gone for physical as it's easy enough to hide well if you own your own property and I don't mind admitting I have bought just under 20oz of gold and 4kg silver. And apart from anything else it's nice just to own a decent stash of gold!

The returns so far have been pretty decent: I bought my first gold in 2004 when it was £260 an ounce or so, and it's currently at £437. I'm still buying when I see bargains on ebay, as in my opinion gold is still ridiculouly cheap. I aim to sell in 5-10 years.

Stick to sovereigns or brittanias for gold as they are free of capital gains tax.
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Where do you keep them?
 
jdickerson said:
Where do you keep them?
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lol....and shall I include my address and what time I go out as well? ;)

Actually there are lots of potential places as gold is so dense a lot of money occupies a very small space...Under floorboards, behind old electrical sockets in the garage, in a bag of frozen peas, behind the bath panels, under a slab in the garden, in a bag in the toilet cistern,in the loft. etc. Loads of places.
 
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If you don't know what you're doing (and if you're on here asking for advice you obviously don't), then I would suggest staying well clear.

The least risky option is to invest in a FTSE100 tracker fund. This spreads your investment across the entire market (or at least the biggest 100 companies). Most big banks, virgin etc offer these.
 
big_white_dog84 said:
The least risky option is to invest in a FTSE100 tracker fund. This spreads your investment across the entire market (or at least the biggest 100 companies). Most big banks, virgin etc offer these.
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It's really not. First of all single fund investing is not particulary effective, plus I'm not sure how a FTSE tracker fund is less risky than a bond fund.
 
The problem you have is that even if all your stock doubles in price you are only going to get a few thousand extra, quite a big risk for not a lot of money.

The other thing you have to consider is that you/me/most people are so far down the line you will always be two steps behind

Do your homework, the chances of you coming across the next microsoft are slim to none, and even then you are talking 20 years to see a return.

How much are you looking to get back? be realistic.

And in most cases, stick to what you know...oil, gold etc and for the record gold is already at an all time high (almost) it may go up loads, but chances are its on the way down in the short to mid term.

I am not saying my advice is gospel but in all fairness would you be better off sticking your money in a rainy day fund or paying off a bit or your mortgage (or saving a deposit)
 
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