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Steve it’s a shame you can’t post gifs on here like on yahoo finance, you’d have a field day lol
Usually speaking a standard stock would probably loose you money by owning CFD long term but with a growth stock like this the return on investment is very high.
With my current Worst case scenario estimates I would only have to spend 10/15% of my profits on the intrest charges
Solid point though, I hadn't really considered holding my CFD's past tomorrow.
I’m talking worse case scenario lol
"however if the price went to approx £5 Or more within the next year"
You mean tomorrow?
Soomrox
Hi
I have boohoo in isa, invest account & cfd
I would recommend not selling from the cfd account just yet.
If you have a position below £3 I would say keep it until you think it won’t grow any more.
Per year you would be charged approx 4K intrest to own the shares you have, however if the price went to approx £5 Or more within the next year you would make way more profit to cover the cost of the intrest.
You could also take a small profit to cover your costs and cash out when you feel the limit has been reached (is there a limit with this?!)
I would recommend start an isa and build your position the best you can separately
Me tomorrow at 7:00am,
https://www.boohooplc.com/investors/regulatory-news
then,
https://www.lse.co.uk/ShareChat.asp?ShareTicker=BOO&share=Boohoo
no
Would you like my hourly ??????
Me tomorrow at 7am:
https://www.youtube.com/watch?v=eCLeToU5_0k
To be fair it's probably not very useful in this scenario.
Just looked it up, your Bed & ISA idea looks very good. Ill probably call IG and in the morning and try and understand further. Thanks
7am, come on tell me how I am chatting sh*t CFA?
Btw what time is results, 7am?
I am chatting ****?
I am a IFA and you sir and chatting ****
Depends on whether you are under allowance, but yeah you will have to pay CGT on profit.
Yes, profits on shares in S&S ISA are tax free.
Obvisoly you pay tax on individual trades....
I do not have any ISA accounts so haven't used up any allowance. Are profits made on shares in ISA tax free?
Would it be a simple move or would I have to close the position and be taxed on it?
Worth looking up Bed & ISA if you aren't using your ISA allowance.
Just move your money from the CFD account to the share dealing account on IG and buy BooHoo shares via that account. Very simple to do.
Dear all, first of all I am very excited for tomorrows results.
As some are aware I purchased 22000 shares of Boohoo at and avg price of 269.5 since July (Sitting on a unrealised profit £26509 at close today)
I purchased all of these on IG Markets CFD. I normally only have this one account and in the past have been day trading with this. I am now realising that Boohoo for me could be a very long term investment. What I am thinking off is to withdraw my investment (the CFD margin) I paid and then move/close the profits to a better long term account. I have heard of share ISA but have no clue how it works or any other account or idea of what I should do. Really confused and need some guidance please