Member Info for pboughton

The new sanctions are concerning, with Evraz all the worry is taken away, it's quite relaxing being locked in to your decision (once you're over the initial shock!).

Current one with 212 only allows sells.

Not enough!

Money tied up in Evraz and waiting for tomorrow to open a new ISA - current average 126p

Own and hold at close 4th May - if they pay it.

google 'poly divided' and go to dividendmax

100 shares = £38.40 ($52.00) (as currently announced).

That's where the language gets me, they say you can only "subscribe" to one ISA (of a particular type, you can open LISA, ISA, IF ISA and Cash ISAs all in a year), however the actual accounts only make you declare that you will only "pay" into a single (stocks and shares) ISA in one year... How long do they take to open I wonder come Wednesday. (I've maxed everything out this year with 212 and they are dead to me now, certainly as far as anything "Russian" goes).

On ISAs - Am I right in thinking you can open multiple in one year as long as you don't pay into more than 1 of the same type? I need to open an ISA with HL and I'm wondering if I can do it now rather than scramble Wednesday? Or do you effectively have to "open" one each year anyway by 'signing up' every tax year (which I think my LISA makes me do)?

A lifetime of terrible gambling decisions and tens of thousands of pounds lost to fruit machines and credit card debt has steeled me well against down swings, losses and betting with money you cannot afford to lose.

Lessons learnt at a high cost.

Not that it helps as they don't allow buying of Poly currently, but 212 allowed me to sell yesterday late in the day and the money was in my bank account this morning. I have a feeling previously I've done it in the same day. HL confirmed the settlement date delay 2-3 days, and ii have had similar catch me out (last year) when I was using them.

In order to Bed and ISA Poly next tax year I've freed up enough funds to deposit alongside my trading account so I can buy/sell at the same time. If the price goes down before Wednesday it'll use up less and less of my 22/23 ISA allowance, silver linings and all that.

The company they use for buys is likely located in the US.

Thanks for the advice, I wasn't anywhere near needing to keep detailed records until I benefitted from a company share scheme unexpectedly, add that to the fact that the main 2 (potentially) profitable shares can't be traded with my current ISA provider and the hope of getting Poly into an ISA on the 6th, before it goes up much more and takes up my entire allowance, it's really challenging for the uninitiated. Still, I suppose it's a nice problem to have!

I just had a similar thought, free up the cash elsewhere as you say.

Alternatively I could sell in future years, I'm not expecting to hit the limit outside of ISAs after 22/23 and the dividend should stay under the limit for my small Poly, Evraz is all locked away tax free and is a bigger holding. I'd rather not have to file for my modest accounts, the when did you sell and when did you buy rules makes my head spin... I'll probably end up paying someone to file for me if anything really takes off.

Just found out HL will take 2 days min to "bed and ISA" - cause "pandemic" they sacked their staff and are looking to replace them ("it used to be a manual process") with a digital automatic, self service version.... which is still being coded. (Was my interpretation of the response I just received).

I daren't be out of this for 2 mins let alone 2 days. The tax implications of this last year have my head spinning...

You can't have dividends and spend the capital gains, you'd have to choose, when a share goes up x10 I'm weighing up the option to redeploy the gains elsewhere at 6-7% rather than hang onto 2%.

Seems logical to sell up and redeploy now that I've thought about it, previously I was always focused on yoc.

I'm still mulling over the mechanics but I was reading an interesting SA article on this this week from dividend investors.

Say I invested 10k and it yielded 2k dividends (20%), that's great, 5 years to pay me back (amazing you might say!).

But what if it was worth 100k, it's still paying you 2k (ok simplified sure, it would probably grow). Now the yield is 2% (YOC 20% sure, but yield to value 2%). How long it would take to be worth while holding for dividends, 50 years? Also you could take that 100k and find another depressed share now yielding 6-7%, and avoid the chance that your "safe dividend share, which suddenly went up" reverts to the price mean (a lot are cyclical and if nothing materially has changed, they haven't bought Amazon2 or cured cancer etc, are just as likely to go down as up after such a rise I'd say).

Seems sensible to me to sell and repick? Thoughts?

4.5-4.6 - £3.47

The realisation hit me last night that thanks to 212 I've got poly and evraz all over the place, but not in tax free accounts :( lol - Nice problem to have I suppose...

Somehow I doubt I'll be paying the 33% withdrawal fee on LISA gains, the new goal will be to live long enough to spend it :)

Yeah I know, I reads down - just stating that there's a awful lot of BBC "news" which is absolute bull excrement.

Being a headline on the BBC is the liberal, sorry, literal definition of crap. See the last 2 years for many many examples.

126, small position, rest tied up in Evraz.

These shares could well see me having to file tax returns, nice problem to have!

I don't know, I bought POLY yesterday for 126 and it's just closed out 167ish UK and the US for 199 equiv, never say never it could be sooner than you think.