Trading the stockmarket (NO Referrals)

Whist all th with all the turmoil of USA this little gem is still ticking along.

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LostCorpse said:
take profile when you can
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No way.. It's got so much growth potential. It's still way undervalued imo.

The only doubt is geopolitical. Price it as a UK bank and it could 4x from here and more

My original buy was at 2500!
 
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413x said:
No way.. It's got so much growth potential. It's still way undervalued imo.

The only doubt is geopolitical. Price it as a UK bank and it could 4x from here and more

My original buy was at 2500!
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i may just being paranoid then :) been burnt a few times on some items.
your doing well if you got in at 2500!
 
Rob_B said:
Did you find out?

I'm thinking of setting one up due to a sharesave scheme coming up so I can save the CGT on some of it. Seems a no brainer to setup an account, transfer the stocks in, then i could immediately sell them?..
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1) if you move your shares as work shares, they are valued at the point where you made the order to move... i.e. if you move a 1000 shares at 4.20 they are valued at £4200 regardless at what price they hit the ISA account. Again when you sell the shares and move it to another account, the amount is valued at £4200 regardless if if you sold the shares for more or less. Well that's what happened with me, the shares went up after a placed the move order, then when sold, the bank gave me the intreast for the days it took to do the movement of cash (14 days). But it's only taken the orginal amount of the ISA allowance.

2) I don't need to do this myself, but from my reading of it and there's quite a few threads of reddit in regards of this. The governement only cares about the 20k limit. The flexiable ISA thing is a done by the bank, if the bank allows you to move 20k shares into an isa account, sell it, move the cash to another account, and then move another 20k into that isa. sell it and move it to another account... /repeat... it's up to the bank. you might be able to move the amount to one ISA account the first time and a normal savers account on the other cycles.

I have a collegue who's doing it at the moment, this all needs to be done within 90 days of striking the option. From reddit a few people have done this. I will see if the bank that my collegue has attempted it with allows this, and will see if he get's slapped with a tax bill in April. This is really a loop hole that the gov needs to close, and I can see some banks getting hit with fines over this.
 
John J Sheridan said:
Overall limit of £20k is unchanged but cash ISA limited to £12k so the rest you have to put into stocks/shares.
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Putting in 12k of cash into a cash isa unless it's for a retirement fund is just retardard in the first place.

If you managed to save that amount money, you clearly don't need it in the short term and it's better off in a stocks and shares ISA or in a pension fund.
 
slinxy said:
Putting in 12k of cash into a cash isa unless it's for a retirement fund is just retardard in the first place.

If you managed to save that amount money, you clearly don't need it in the short term and it's better off in a stocks and shares ISA or in a pension fund.
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Depends on your risk appetite and time until you need the money.
 
radderfire said:
Interesting the article uses the term "Zugzwang" (any move will worsen their position). Fed Policy has been so poor that eventually they will back themselves into a situation where either raising or lowering interest rates will make absolutely no difference to the mess they have created. It's why I've always been confident buying Bitcoin. For years I have expected a major breaking of the system, yet they have been able to kick then can down the road. I don't think we are that far away from another major crisis at the Fed, but I don't know what form it will take. I have Bitcoin so I'm not that worried about it. Good luck to them. Each time the crisis hits they manage to fudge their way out of it, but you do wonder how many times they'll be able to do this.
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The problem with investing in bitcoin now is I think that the btc price is being manipulated via the etf so the limited supply of the asset becomes irrelevant. Its like gold price manipulation now, more trades happening than all the physical gold that exists causing price supression.
 
Nasher said:
You can leave it just sitting uninvested in a t212 S&S ISA and it will make more interest than a cash ISA
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You have to enable that option yeah as its not enabled by default.

Does anyone know if there is another provider that has such an offering without a cap of some sort?
 
slinxy said:
1) if you move your shares as work shares, they are valued at the point where you made the order to move... i.e. if you move a 1000 shares at 4.20 they are valued at £4200 regardless at what price they hit the ISA account. Again when you sell the shares and move it to another account, the amount is valued at £4200 regardless if if you sold the shares for more or less. Well that's what happened with me, the shares went up after a placed the move order, then when sold, the bank gave me the intreast for the days it took to do the movement of cash (14 days). But it's only taken the orginal amount of the ISA allowance.

2) I don't need to do this myself, but from my reading of it and there's quite a few threads of reddit in regards of this. The governement only cares about the 20k limit. The flexiable ISA thing is a done by the bank, if the bank allows you to move 20k shares into an isa account, sell it, move the cash to another account, and then move another 20k into that isa. sell it and move it to another account... /repeat... it's up to the bank. you might be able to move the amount to one ISA account the first time and a normal savers account on the other cycles.

I have a collegue who's doing it at the moment, this all needs to be done within 90 days of striking the option. From reddit a few people have done this. I will see if the bank that my collegue has attempted it with allows this, and will see if he get's slapped with a tax bill in April. This is really a loop hole that the gov needs to close, and I can see some banks getting hit with fines over this.
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Missus did it earlier this year and why would banks get fined, its a well known strategy and the 90 day rule even comes from hmrc afaik. Eqi promote this strategy who are a populare sharesaver provider for large organisations.
 
barmyllama said:
Open the app, select invest ISA, tap cash, then the internet rate button, then enable.

There is an element of risk, however small, for what amounts to 0.2% higher rate than a cash ISA.
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Aha thanks, found it, mine is invested already, but what would the risk be if it’s just sitting there as un uninvested cash gaining interest?
 
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