Trading the stockmarket (NO Referrals)

mid_gen · 16 Feb 2021 at 10:10

Noxia said:
I think I need to open an ISA if I'm going to do this long term. I assume it will negate the 'blow' somewhat like with the CGT I had to pay for the GME shares

Make sure you do it before the end of March so you can use this year's allowance.

Dump your 20k in, and anything you do with that account is exempt from CGT, even if the value of the portfolio grows well beyond that 20k.

Bit daft to not have used a S&S ISA for a GME YOLO tbh if you made more than 12k!

Martynt74 · 16 Feb 2021 at 10:17

413x said:
Nearly 30 percent now.
Nealy a billion market cap

Annoying as i sold some of one of my funds yesterday to try and get into it but with those transactions taking a few days it's not going to go through in time. My issue with Crypto is i don't believe in it, so it makes it hard to justify. So far it's caused me to miss out on the insane gains, but i just keep telling myself it'll pop.

I think sticking something small into Argo gives me that little exposure without risking too much.

Noxia · 16 Feb 2021 at 10:24

mid_gen said:
Make sure you do it before the end of March so you can use this year's allowance.

Dump your 20k in, and anything you do with that account is exempt from CGT, even if the value of the portfolio grows well beyond that 20k.

Bit daft to not have used a S&S ISA for a GME YOLO tbh if you made more than 12k!

Was a spur of the moment thing I gave it zero thought and I assumed it would take days to set up. Luckily? I had quite a lot of tax free allowance left as I only started my new job in November.
Thanks for the advice.

platinum87 · 16 Feb 2021 at 10:25

Tempted to short argo.

If elon must says he is attending a retreat, you know, no phones team building type of thing.

I'd do it instantly

platinum87 · 16 Feb 2021 at 10:41

Noxia said:
Was a spur of the moment thing I gave it zero thought and I assumed it would take days to set up. Luckily? I had quite a lot of tax free allowance left as I only started my new job in November.
Thanks for the advice.

99% that you did not pay CGT properly.

If i make £22,300 in capital gains, and have exactly £0 income, or benefits of any kind. How much CGT do i owe?

Noxia · 16 Feb 2021 at 11:00

platinum87 said:
99% that you did not pay CGT properly.

If i make £22,300 in capital gains, and have exactly £0 income, or benefits of any kind. How much CGT do i owe?

No idea. I just used the calculator on the gov site with my criteria. I'm sure I'll find out if it was wrong.

platinum87 · 16 Feb 2021 at 11:07

Noxia said:
No idea. I just used the calculator on the gov site with my criteria. I'm sure I'll find out if it was wrong.

Well in that case keep in mind that your income being below the personal allowance does not reduce capital gains tax liability.

The answer to my question is £1000, but if you add income of £40,000, it would still be £1000

Noxia · 16 Feb 2021 at 11:10

platinum87 said:
Well in that case keep in mind that your income being below the personal allowance does not reduce capital gains tax liability.

The answer to my question is £1000, but if you add income of £40,000, it would still be £1000

I just assumed it had an affect because I was asked how much salary I will earn before the end of the tax year and what my allowance was hence my comment

. Sorry if it seemed I was implying it had a direct correlation.

Delta3D · 16 Feb 2021 at 11:14

SNGX doing well pre-market. Up by 7%.
Edit: Now just shy of 16%

Have a funny feeling it's going to get P&D by the Reddit plague so setting limit sell at $2.89

Simon · 16 Feb 2021 at 11:15

Salary is to check you aren’t a 40% payer and hence the higher rate of CGT

Noxia · 16 Feb 2021 at 11:28

Simon said:
Salary is to check you aren’t a 40% payer and hence the higher rate of CGT

That makes sense, thank you. Regarding Isa, is there a general go to or are they much alike? I'll be doing my own research regardless.

Russinating · 16 Feb 2021 at 11:30

Noxia said:
That makes sense, thank you. Regarding Isa, is there a general go to or are they much alike? I'll be doing my own research regardless.

Every S&S ISA is identical in terms of the wrapper, but what you can hold within the wrapper and how you manage it (platform) will differ. The top two are probably HL and Vanguard.

azibux1 · 16 Feb 2021 at 12:05

Bought some shares with HL which then got de-listed (maybe not the right term) from the market and moved to OTC.

I need to find a reputable broker who deals with OTC stuff so I can transfer (then sell) these shares.

Anyone personally recommend a broker? Anything I should be aware of? Bit of a newbie but seems clear cut - find new broker, transfer to them, sell

Martynt74 · 16 Feb 2021 at 12:33

azibux1 said:
Bought some shares with HL which then got de-listed (maybe not the right term) from the market and moved to OTC.

I need to find a reputable broker who deals with OTC stuff so I can transfer (then sell) these shares.

Anyone personally recommend a broker? Anything I should be aware of? Bit of a newbie but seems clear cut - find new broker, transfer to them, sell

Trading 212 handle OTC tickers.

azibux1 · 16 Feb 2021 at 12:49

Martynt74 said:
Trading 212 handle OTC tickers.

Cheers! I am new to OTC, I believe they have to list that specific stock for me to be able to trade it?

I have emailed them to see if they can help with that.

If you have an account, please could you check if WNDW is listed?

Huggie86 · 16 Feb 2021 at 12:53

azibux1 said:
Cheers! I am new to OTC, I believe they have to list that specific stock for me to be able to trade it?

I have emailed them to see if they can help with that.

If you have an account, please could you check if WNDW is listed?

SolarWindow is on there just checked

azibux1 · 16 Feb 2021 at 13:07

Huggie86 said:
SolarWindow is on there just checked

Cheers!!

azibux1 · 16 Feb 2021 at 13:08

Due to unprecedented demand, we had to pause account opening as we increase our capacity to serve more clients. Join the waitlist.

Damn... haha

Martynt74 · 16 Feb 2021 at 13:15

azibux1 said:
Due to unprecedented demand, we had to pause account opening as we increase our capacity to serve more clients. Join the waitlist.

Damn... haha

It was mainly down to mass signups from the Gamestop situation, although i'm surprised they've not re-opened them now.

Calpol · 16 Feb 2021 at 13:26

ARB flying the last two day. I looked at this a few months ago and started tracking but looks like I missed the boat!
However I'm back in the black with TUI and RR. Looked at my portfolio last night and I haven't got any red figures since starting a couple of years ago . Best performance from Bailie Gifford American B inc which is 110% up. My other tracker funds / ETF are much more precarious if a crash comes!