The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Dow futures opened higher based on FDA approval of the vaccine, and Biden should be elected by the electoral college, this should conterbalance UK issues . Brexit discussions are still theorically on going. Worse case I see a deep at the opening and a rally before US opening. Brexit is end of December, we have 2 weeks to ride Santa rally.
About 12k allowance for capital gains, after that it is taxed 20%. You can accrue losses over5 years. I am fortunate enough to max out my ISA every year, and take £12k from my invest account to maximise the allowance.
If you are under 40 look at Lifetime ISA. You can put in up to £4,000 each year, until you’re 50. The government will add a 25% bonus to your savings, up to a maximum of £1,000 per year.
Sold my rdsb to buy bp few days ago, bp at this level offers now more upside potential and bigger dividend. Shell seems to be less extreme with their green agenda, BP's new business model is weighting in the balance.
I have £80k at 2.72 average , originally £40k when bought in March, traded the 320/290 like a mad dog, bought a further £40k trench at 2.04 when dividend was confirmed few weeks ago. I am all in this stock but you have to be realistic and opportunistic , the road ahead is bumpy.
Catlin, stop dreaming, the CEO did a dividend reset and it won't come back anytime soon, the savings are used to acquire green assets, any further savings /profits will be used for paying back the debts, or at best share buy back or special dividends. Get over it, Bp is a different company today.