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You can "transfer" between investment and ISA.
Most platforms do it, they just don't do it automatically.
Fidelity, for example allow it, done it myself.
BUT. You need to ring them, download a form, fill in the form, and then behind the scenes they do it within a few days.
The benefit is that the money does not come out of the actual market.
Also, don't forget that the CGT limit is on profit, not on the actual invested amount.
So, if you were to put £20k into your investment account, you would need to pull more than £32,500 out in essence you would need to make 62.5% profit, in the next 6 weeks, with the same shares/same investment for you to qualify for CGT
One problem you can't transfer shares from a dealing account to an ISA. You have to sell the shares out of the dealing account and then transfer the cash.
I recently sold my RR. shares from my dealing account at a loss and then bought them back plus a few more at 0.9290 in my ISA
Good clarification! These BBs do sometimes give good advice!
JONNYTWOTOES
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The simplest answer to whether you can transfer shares into a stocks and shares ISA is 'no', because you can't directly transfer shares from a share-dealing account into an ISA. ... What investors can do is sell shares held in a dealing account and then buy them back within an ISA in a process known as a 'bed and ISA'.23 Apr 2019
Thanks, that's kind of you. She was a dear. And very stoical, but in the last couple of years just wanted to go. Heartbreaking really. So yes, enjoy it while you can.
TarthDrader
Wise words. Life is to enjoy whilst you can. And anything that helps you along the way is great.
Sorry to hear that about your mum ....
JTT that is good advice! Nice to see.
PR53 the whole England team couldn't even make that today!!
Ha! Ditto. I'd only like to bat until 100 if the wicket is forgiving. So at the moment I live for today. Long lives are only good if you're well (off) enough to enjoy them. My mum died 2 years ago at 92 but her last 5-10 years were by no means pleasant. Good luck and good health!
Tarthtrader I wish I was young but I am 67!
Upto 2015 I did try & day trade and made some money but I would have made a hell of a lot more by holding. I also lost 20k believing the hype around the crooks at Quindel.
In the last 4 years my investment in Rio is +316% BHP +338% GLEN 130% & 4 others over 100%
Even at 67 I am a long term investor as I want to bat to a 100 at least!
Short, medium, long, day trading .. Small or large investment, things won't change, its all about self preservation, and your own personal goals... if the pubs were open id say, just go and have a pint and chill. Main thing is the stock continues to get stronger, and I'll be waiting for that 1.50 to 2.00 mark, whenever that will be... Happy days !!!!
I’ve put money into companies for long term but due to COVID prices are up and down daily, I see big swings, I’ve found over the time I’ve held I make 10% but if I bought and sold more regularly I would make that in a week
PR53......quite, but that's up to them isn't it? I assume you're a younger investor planning for the future, so your strategy is pefectly understandable. Some of us are already in the future, as it were, and are just trying to augment our pensions etc. so our strategy might be different to yours. Sobeit. Bottom line....we are all trying to make money. How we do it is entirely on our own shoulders, but good advice re the book.
78% of PI's lose money day trading and listening to other people's hype!
My advice to anyone who wants to seriously invest in stocks is to read Benjamin Graham's book How to Trade Stocks.
Over the last 4yrs I have made more money by investing in good companies, holding & reinvesting the dividends.
RR. is a good company and I add to my shares when my new ISA kicks in in April.
As soon as I'm in a position to i will start day trading ive always tried long term holding but I've realised you can make alot more money day trading