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That is really good to know, I was getting really worried that the gains would push my income for the year up as well. I'm happy enough to pay the 10% for the amount of profit that has been made.
Also this isn't meant as negative as I've got no intention of leaving Argo for at least 6-12 months and will always keep a very healthy % of them for the ride. I just wanted to know how best to approach the end of the tax year and moving more into my ISA.
Thank you for the replies all, my understanding is that the bed and ISA will still count towards my CGT allowance? I've put in about £1600 that is now sitting at £47k so there is a large chunk that will be taxed. I'm also then worried that the amount I'm taxed on will push my income into the higher tax rate as well. Who knew a once in a lifetime share could be so stressful!
As it is the weekend can I ask a slightly off topic question. I have most of my holding in my ISA however I've got about 30k shares outside of this wrapper and I've got no idea how to best get out of them without losing all of my gains to the tax man. My average price for them was about 6p so there is a chunk of profit there.
Having seen KR1 recommended time and time again I kept putting it off due to the difficulty, finally found the time to get involved for a small stake. I find the opening up to the US the most exciting part, I was in ARB when that happened and it was a wild ride. GLA
I'm in both and there is no chance of me selling ARB to put in here. There is just more potential for that price to rise than here imo. I think once there is more exposure to MODE the price should increase however that spotlight is already on ARB and it is starting to shine brighter due to the transparency of the company.
Like I say I'm in both and can only see them going one way over the next 12 months.
GLA
I'm trying to do the same, waiting to try and catch the bottom here. I'm not sure if I'm being greedy/unrealistic waiting for sub 1400?
This has to go up with the dividend due soon which is covered as far as I can see.
https://www.independent.co.uk/voices/gamestop-elon-musk-bitcoin-crypto-b1796231.html
Reading something like this in MSM is promising and shows that bitcoin is reaching a new level of maturity and acceptance.
I've got 83k at an average of 4.96p, this makes up well over 70% of my portfolio and I'm not looking to sell anytime soon. I sold 17k shares at 35p which still haunts me to this day although that did cover everything that I invested so technically on a free ride now.
Few bits of crypto held but more to get a better understanding of how the system works and different platforms.
Yeah it is almost the same as this board but for the US.
The thing that gives me confidence on there is that it shows how many people are watching a share and the rate at which that follower count is growing is amazing. It is at almost 4k followers now and I'm pretty sure 1k of those are in the last 24 hours. It is worth checking out as they are so positive as they are comparing it to the competition which are worth so much more so they see it cheap. The issue in the UK is the complete lack of understanding (or risk appetite) for where this could end up.
I'm in the same position and I find looking on Stockwits helps as you can see the sentiment over there and they are only looking one way. When that starts to change I will look to sell up, I can't see this being before we get to £2 though.