Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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stevebt
This is what happens when people assume lti!! Nobody knows how you are investing amd each investors circumstances
sbt
''It’s not hard for them to work out your profit using sales and buys.''
sbt/psk
Would you know where you stand with a stock if you had made hundreds of trades on a stock over a 25 year period?
Ahhh.
psk
yes I have taken the maximum PEP/ISA allowance each year
stevebt
don't need to worry when you have a stocks and shares isa which I am sure lti has
Lti,
It is 100% accurate - but not something the tax man wants to know.
They are the words of a criminal, I have no doubt of that, what else do you get up to in your spare time?
psk
Averages yes - That's what I was talking about MY averages not the tax mans.
Longtimeinvestor, wrote. “Tax man would say that I have made a £50 profit in the example.”
That’s not really true as I recently put my accounts in and had to get all the correct figures to show my dividends for the year and all my sales. It’s not hard for them to work out your profit using sales and buys. My accountant said once they have an in to know what you are selling they will check to see they aren’t owed tax.
Lti I am not questioning your trading I am just talking about averages.
Well done it seems you are doing well and I hope it continues for you and for all on this board, let's all make money and be happy
psk
I hold BKG at an average £3.4749
I hold HFD at an average 3.14p
as two examples
I have made a profit on 3i and SBRY plus free shares as two examples
Lol fair enough but you do get what I am saying?
psk
I haven't made what I consider a single penny profit in Lloyds.
What info the taxman gets is a different matter
Lti you are reinventing your profits you cannot average below the lowest ever share price
ww
''Are you doing something illegal you bloody hypocrite?''
what are you talking about ? - the taxman doesn't want to know what I consider an amount of money that I need to get back from sales before i consider having made a profit.
I make sure i have a buffer between myself and the taxman.
All my financial transactions are given to an accountant to deal with.
psk
It is a true average. - The tax man just have their own rules.
Tax man would say that I have made a £50 profit in the example.
Lti
it is 100% accurate - but not something the tax man wants to know.
Are you doing something illegal you bloody hypocrite?
Lti exactly and also stating you have an average lower than the share price has ever been may sound a little crazy.
I understand you do it for your own records but its not a true average if you know what I mean
psk
''but it's not something that is accurate when buying and selling stocks''
it is 100% accurate - but not something the tax man wants to know.
PSK wrote “LTI how do you have an average lower than the 24p it went to?”
If he divides the amount of money he has spent by the amount of shares he owns and that will give his true average. The right timed sales and buys with the same pot obviously reduces his average.
Can see why you see it like that for your own reference but it's not something that is accurate when buying and selling stocks
psk
just for you -
For my own books I only consider that I have made a profit when I have received more back than is currently invested.
A purchase of 100 shares at £1 and a sale of 50 shares at £2, I do not consider having made a profit, but I would be holding 50 shares for free.
Lloyds owes me 21.24p per share before making a profit.
Clearly I could sell less than half of my current holding on Monday to make the remaining for free.
So you took a profit basically and purchased more shares, once you sell your average is reset lti
psk
Maybe you should have read posts on the subject previously, then you would know.
LTI how do you have an average lower than the 24p it went to?
Theo,
Take it easy on LTI , he'll get the whole thread removed .