focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Now obvious there is no guarantee that I keep doubling my ISA, but I will have fun trying to and taking advantage of this tax free opportunity.
HRMC obvious have never considered that some investors could take advantage like this, but we are just playing within the rules that are set.
I don't intend to remove any money from my ISA for the foreseeable future, so I can grow the funds exponentially every year due to "compounded tax free-ness" of all profits made.
Ian, there are no restrictions on day trading or number of trades etc within an ISA.
The restrictions are that you can only put in £20k per tax year. If you then remove some money back into your bank account or standard share trading account, you will not be able to return it at a later point. ie put 20k in, remove 5k, try to put another 5k back in you won't be allowed.
All profits are capital gains tax free forever from anything inside the ISA. For example: my 20k ISA bought shares in EUA and the shares doubled, I decided to sell those shares, and now I have 40k inside the ISA in which to buy new shares. I buy 40k of MNRG, and they double in price and I sell, and I then have 80k within my ISA. All tax free. After the start of the new tax year (April) I can add another 20k, and I will have 100k to buy shares in ORCP which then double and I sell giving me 200k tax free. I have spent 40K in total of my hard earned paper round money and turned it into 200k. There is no tax to pay on the 160k profits!
Lovely jubbily!
Makes perfect sense for NN to snap it up with it being next door to one of their areas already.
But the Chinese have a lot of money, and the smart money plays the longer game of buying up assets around the world. They would be well advised to exchange some Fiat USD for some valuable and rare precious metals, that will continue to go up in value.
yes. it means this is now even more undervalued, and when I free up some cash from other investments I can top up here cheaper :)
Buy/hold. Bit of patience. Sell/profit
https://twitter.com/alaneaston/status/1219754706215604224?s=21
If the best offer EUA are going to receive is too low, then remember that we do not have to sell anything. We can extract all the palladium etc ourselves, and make much more money in the long term.
We have built up to this stage over the years, we can build up to the next stage over a few more years. Would I rather have 25x my investment today, or multiples of that in a few years? Hmm....