RE: This year11 May 2021 00:59
Thanks for the replies. Mostly what I expected. Sound advice.
No one can afford to lose anything, but I he equity from my house sale will be just over 50% of my savings which are also invested, 20k already in RR within an ISA as a LTH.
I have just over 18k of registered losses with last year's self assesment and with the CGT allowance of this year, I hope to just fill it all up. I'll have 150k equity from my house when it completes and most likely have 6 months before the money is required. I have a further 120k spread on other LTH investments, including RR.
I would like to clear last year's loss and fill this year's CGT allowance so when it completes if RR is still at this sort of level, I'll maintain a 20% profit and set sell order and just take that.
Assuming RR is 130 at some point within the next 6 months I don't think is unrealistic.
Yes it's a gamble but a realistic one and we are all gamblers..
The remaining 120k of my investments are all LTH and we'll hedged which I would expect over the next 5 years would double if not more.
I'm in a good place. I doubt I'll lose even if I don't make my 20 % in RR.