Trading the stockmarket (NO Referrals)

Efour said:
I think this is typical Trump art of the deal nonsense.
They'll come to agree a great deal, the best deal infact, and that'll hopefully be that.

Then I woke up..... Rest of the week a blood bath and back to square one for me...
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I buy £25 of raw materials to make £100 worth of product to sell.

So if I stop buying the raw materials, I've saved myself £25.

Art of the deal :cry:
 
No supprise trump dropped his war-like rhetoric for his meeting with Carney today.

My stocks now seem to be recovering a bit from this mornings dip.

What a snivelling, spineless child trump is!

Moments before he arrived at the White House, President Trump posted a scathing attack on the neighbours.

"Why is America subsidising Canada by $200 billion dollars a year, in addition to giving them FREE military protection, and many other things?" he posted on his Truth Social platform.

"We don't need their cars, we don’t need their energy, we don't need their lumber, we don't need ANYTHING they have… They, on the other hand, need EVERTHING from us!" he added.

But when Mark Carney arrived at the West Wing, it was all smiles and handshakes.

Donald Trump welcomed him to the Oval Office, boasting it had been refurbished "with love and carat gold".

Having commended Mark Carney on his election victory, the electorate became the focus of a brief debate on annexation.

When Trump described it as "better" for people in Canada, Carney replied that he'd "met with the owners of Canada over the course of the campaign… and it's not for sale".

Asked if that made discussions more difficult, the president replied: "…Never say never."
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smokedog said:
Its going below $100. It beat earnings yesterday, but it needed to absolutely smash it out of the park to justify its insane valuation
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Heard it mentioned in a film the other day. Something with Gerard Butler, first time I've ever heard Palantir have placement in a film :eek:
 
Right now keeping an eye on Glencore. If it drops to 150p 170p I might jump in. I think if it does drop it could be between 140 to 80p but you can never know the bottom. Purchased it back in 2016 sold it in summer 2017 made 300% approx. This is more of a long term hold and forget. I'll use 40% of my profits to buy this one.
 
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Quick question for those more versed in these things than me.

I was tasked with selling shares for a friend. This person doesn't fill in a tax return and therefore would like to keep the profit to less than £3K to negate any need to report a CGT liability.

I have access to her online dealing platform. Last night due to fast changing share price, and a somewhat unknown exchange rate in use (these are held on the australian stock market, hence "last night"), I misjudged the number of shares to sell and ended up making £3025 of profit, which means the friend would need to declare for the the CGT on £25. Am I right in thinking that if, within 30 days, I buy back on her behalf an appropriate number of the same shares to make the overall profit less than £3K, from a CGT point of view it is like those extra shares were never sold at all, and hence no requirement to report to HMRC ?
 
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tangey said:
Quick question for those more versed in these things than me.

I was tasked with selling shares for a friend. This person doesn't fill in a tax return and therefore would like to keep the profit to less than £3K to negate any need to report a CGT liability.

I have access to her online dealing platform. Last night due to fast changing share price, and a somewhat unknown exchange rate in use (these are held on the australian stock market, hence "last night"), I misjudged the number of shares to sell and ended up making £3025 of profit, which means the friend would need to declare for the the CGT on £25. Am I right in thinking that if, within 30 days, I buy back on her behalf an appropriate number of the same shares to make the overall profit less than £3K, from a CGT point of view it is like those extra shares were never sold at all, and hence no requirement to report to HMRC ?
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Example 2 seems to cover your situation
www.gov.uk

HS284 Shares and Capital Gains Tax (2021)

www.gov.uk www.gov.uk

The self assessment is easy to do. Keeping on top of the section 104 holding calculation is important and if you are selling and buying shares (regardless of the 30 day rule) then that gets more complicated.
 
delta0 said:
Example 2 seems to cover your situation
www.gov.uk

HS284 Shares and Capital Gains Tax (2021)

www.gov.uk www.gov.uk

The self assessment is easy to do. Keeping on top of the section 104 holding calculation is important and if you are selling and buying shares (regardless of the 30 day rule) then that gets more complicated.
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Thanks for that. Prior to the sale, these shares are all part of a 104 holding. Anything sold has not been subsequently rebought, at any time.

Reading that it looks to me that I need to generate a lost of £25 within the next 30 days by buying back some of the same shares at a higher price than I sold them.

Knowing my luck, the one time I need to have NOT timed a sale at exactly the right time, will be the one time that i did !

Or alternatively outside the 30 day, generate some sort of £25 loss to keep her overall CG for the year to <£3K.
 
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tangey said:
Thanks for that. Prior to the sale, these shares are all part of a 104 holding. Anything sold has not been subsequently rebought, at any time.

Reading that it looks to me that I need to generate a lost of £25 within the next 30 days by buying back some of the same shares at a higher price than I sold them.

Knowing my luck, the one time I need to have NOT timed a sale at exactly the right time, will be the one time that i did !

Or alternatively outside the 30 day, generate some sort of £25 loss to keep her overall CG for the year to <£3K.
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Or just donate £25 to charity... make sure you have a reciept for the tax returns if they ask.
 
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tangey said:
Thanks for that. Prior to the sale, these shares are all part of a 104 holding. Anything sold has not been subsequently rebought, at any time.

Reading that it looks to me that I need to generate a lost of £25 within the next 30 days by buying back some of the same shares at a higher price than I sold them.

Knowing my luck, the one time I need to have NOT timed a sale at exactly the right time, will be the one time that i did !

Or alternatively outside the 30 day, generate some sort of £25 loss to keep her overall CG for the year to <£3K.
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What about trading fees ( buy and sell fees) forex fee or share tax did you include that.?

This is why I don't buy shares unless they are tax protected. I still have some outstanding shares which I hope to get rid off over the next few years.

Or you could emigrate to 0 tax country and pay no tax.bill.
 
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Logged in for first time in few weeks. Appears to have recovered somewhat. Still DCA in twice a week now instead of my usual fortnight.
 
Tram said:
What about trading fees ( buy and sell fees) forex fee or share tax did you include that.?

This is why I don't buy shares unless they are tax protected. I still have some outstanding shares which I hope to get rid off over the next few years.

Or you could emigrate to 0 tax country and pay no tax.bill.
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yeah, no CGT here in Switzerland , but that also means i can't use losses from 1 year to reduce future taxes.

However, no ISAs and the national bank might make interest rates negative
 
D.P. said:
However, no ISAs and the national bank might make interest rates negative
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don't you already pay to even use a bank in Switzerland? and all the peasants have postfinance cards? with negative interest will they literally take money from peoples banks?


My swiss friend used to always tell me you can tell whos poor because they use those cards and rich people just use cash. was about 5-6 years ago though might have changed since covid
 
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