Member Info for johnson36

Nige_W I have called HSBC, and it is as I thought, we can not borrow money on the trading reserve to transfer to the share ISA. 2nd: because I owe �30,000 on the trading reserve I can not do a bed and ISA for �4000 because the �4000 would go towards paying the �30,000 back. Hence I would need to sell �34000 worth of shares. So I will wait. I have my eye on selling my 5000 HSBC shares when they get back up near �7.90, hopefully soon. Apart from that I would need to wait for Centrica or ITV to rise.

Sorry Nige I think i was wrong in my last post at 14.53 You can NOT transfer money borrowed in your trading reserve to your ISA, I have just tried to do it for �4000 a few minutes ago.

Sorry Nige I think i was wrong. I am am logged into HSBC account now and appears I can do this. I can put a further �4000 in my ISA out of this yrs 20k allowance so i think I will do it now.

you can't take trading reserve money out of you normal share account, please correct me if I am wrong but I am 97.6% sure I am right

have you done the bed and ISA ? how does it work ?

TomE You did well with 172p with ITV that was right at the top. ( I also received my ITV dividend in my HSBC acc today, on time as usual )

Nige_W When you receive dividends corporation tax has already been paid by the company, in a normal account tax is due on dividends over �2000. For a normal rate tax payer the tax would be 7.5%, higher rate tax payer 32.5%. But if like me you don't have a job or other incomes then this �2000 allowance is added to the �11850 personal tax allowance for 2018/19. When you receive dividends in an ISA there is no more tax to pay and you can't reclaim the tax that has already been paid by the company. in HSBC trading reserve they allow you to borrow approximately 50% of the value of your shares, I say approximately because some AIM shares might not count. If you had �100,000 in FTSE shares the trading reserve available would show �50,000. Now if you borrowed �20,000 the trading reserve would be �60,000 with �40,000 available. You see what I mean it only drops by half what you borrow. It was �50k and after you borrowed �20k it becomes �40k because you now own �120k worth of shares. Interest is calculated daily and charged at 0.55% per month. So the �6000 that I borrowed to by some cheap Vodafone a couple of weeks ago is costing me just �33 a month. Hope that helps Nige_W

Nige_W When you receive dividends corporation tax has already been paid by the company, in a normal account tax is due on dividends over �2000. For a normal rate tax payer the tax would be 7.5%, higher rate tax payer 32.5%. But if like me you don't have a job or other incomes then this �2000 allowance is added to the �11850 personal tax allowance for 2018/19. When you receive dividends in an ISA there is not firther tax to pay and you can't reclaim the tax that has already been paid by the company. in HSBC trading reserve fthey allow you to borrow approximately 50% of the value of your shares, I say approximately because some AIM shares might not count. If you had �100,000 in FTSE shares the trading reserve available would show �50,000. Now if you borrowed �20,000 the trading reserve would be �60,000 with �40,000 available. You see what I mean it only drops by half what you borrow. It was �50k and after you borrow �20k it becomes �40k because you now own �12ok worth of shares. Interest is calculated daily and charged at 0.55% per month. So the �6000 that I borrowed to by some cheap Vodafone a couple of weeks ago is costing me just �33 a month. Hope that helps Nige_W

it is not a new ISA every year, it is just clicking and applying for the new �20k allowance. They send out a declaration form which there is nothing to sign or return. If you were dishonest you might try to open several different ISA in the same tax year at �20k each with differnt banks. They send you a declaration form that says: I have not subscribed and will not subscribe to another stocks and shares ISA in the same tax year. There are a few more things. It is not a new ISA account. I have had my HSBC isa since 2012. I for one would never consider moving from HSBC, I have the premier account and you can not get better service. Does any of the other providers do a trading reserve ? IE: borrow upto 50% the value of your shares for 0.55% a month ? This has come in very usefull for me been able to buy shares at rock bottom prices using their money. Also i find keeping my money and investments in the same bank is very handy. One login gets me into my HSBC bank accounts, a USA dollar account, an Australian dollar account, My investdirect plus account and my ISA account. You can have 14 different currency accounts and can by shares on the American market. For my Premier account which includes holiday insurance I pay no bank charges. Can also send upto �50k internationally for �4 and can choose to send in sterling so the conversion would have at the foreign bank at a better exchange rate.

TomE My mistake in the past has always been selling at the wrong time. I have lost out on tens of thousands of pound in the past few years from selling too soon after the share price turns around and starts to rise. I did this with Rio Tinto �24 / BHP �11.90 / Easyjet �11.80/ Glencore �2.10 / Uniliver �25/ Persimmon �12 etc. I am holding onto ITV and Centrica for much better prices.

I am holding for nearer to �2 in my normal account and in my ISA i will not sell even at that

At some time this SP has to move higher maybe 230 / 240 or more. 2019 dividend is 18.3p, that is a 8.92% yield at a SP of £2.05... sounds a little high. A 7% yield would mean a SP of £2.61

You was going to sell at 172p. We just hit that now. Did you sell ?

Bashtard I can't find it. Please post link if it's still there

Bashtard do you have a link for that ?

My last message was re: corlis38 post

I don't understand what you mean, are you planning on selling before the 31st ex-divi date and waiting / hoping to buy back at 190 ? Just because it has dropped before doesn't guarantee it will do it everytime. I expect 210 before 31st and then a 10p to 15p drop on 31st but whether or not I sell a few before ex-divi date I don't know, maybe I will sell 10000 shares if I see above 212p with the hope to quickly buy back at 200p.

TomE, he named himself appropriately

that is quite a large investment from Neil. 164+ million shares, worth approx �337 million.

https://www.vodafone.com/content/index/investors/shareholders/ordinary_shareholders/dividends.html#