Appreciate the voice of reason amongst all this vitriol Taverham - thanks!
I didn't say it was my entire portfolio now did I, simply my thoughts on how I may invest a 100k lump of cash.....but point taken on the physical gold!
I'm looking at a similar scenario, but planning for my 100k to be much more diversified. I'm currently thinking to split it equally between RDSB, BP, RIO, WWP and either LLOY or AV - 4 different sectors. Either way this drop seems a heaven sent opportunity to lock in average dividends across the bunch at around 8% rather than 6% - I'll take that thank you very much!
Would be keen to hear folks thoughts/opinions on the above.....
Hi Char, where are you getting that dividend data please - H&L show RDSB div as 7.6% and BP at 6.97% at time of writing?
Red, you don’t say where you hold your GGP shares currently, but if it’s with a company other than HL you have two choices:
1/ Sell the stock and transfer the funds to your HL isa and then re buy (you can only do this with your max isa allowance of 20k and you may lose (or win) some shares depending on the share price movement as this will take some time.
2/ Open a HL dealing account and transfer your current dealing account into the new HL account. Once that is done ask HL to Bed and ISA your full years allowance (20k). This is a fairly instantaneous sell/buy and you will lose little if any shares.
Which ever option you take your shares will be sold from your trading account and re bought in your isa so any profit will be capital gains and you should declare it.
If your holding is worth more than 20k you can transfer 20k for this year and then repeat the process with next years 20k allowance after 4th April.
Any specific funds you're thinking of Mandrill?
Do you have a link for that 'cos it's not showing on my FB...?!?