Politic, JLP UK markets in general11 Oct 2024 13:56
I believe a lot of invested money is being removed from the markets, not just JLP. Some people are fearful of the upcoming budget, others are maybe expecting a crash, due to a strike on Iran by Israel & further escalation. Some are witnessing major loses here in JLP and are taking what remains of the table, a bird in the hand etc.
All this is creating an ultra low SP and at some point the reverse must occur with possibly an ultra high bounce!!
My JLP ISA holding is 39% down and max'd out, so, his year I have put money in a share account to buy JLP due to the price, currently 11% down.I plan on selling enough on 5/4/25 to avoid CGT (£3k) & a further sell on 6/4/25 avoiding exceeding the CGT limit for 25/26. Then transfer the cash into an ISA on 6/4/25 & repurchase JLP.
2027 could be the year unles the market becomes forward looking and starts to trust CEO.
BB