The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Well as long as new investors get a balanced view I don’t really care if the cultists can read my posts or not.
What would people prefer cos I’m split in my mind?
Take a big hit and lose all our money just so I can tell them I told them so.
Or
Win big and have to admit the cultists were right all along.
I think I’d prefer to see my account tank!
Hi Daz,
So to sell your gain you have to realise some of your original investment. So to raise 20k you’ll be selling around 17k capital and 3k gain (very rough figures).
So each year you would be moving some capital and some gain. Depending on the level of gain you’d likely be able to move a bit at a time but remember the cgt allowance is reducing to 3k from 2024/25.
However, I don’t mind paying tax if necessary because it just means I’ve made good profit.
Also remember if you make losses on other shares you can use them to your advantage. I sold my matad shares and bought back after 30 days for a similar price and got the recovery. Offset the loss and recovered on the same share. Out of market risk but I sold when I was pretty confident they wouldn’t recover within 30 days.
You can bed and Isa, you may be out of market a few days which is how I’ve got myself in such a predicament here as I didn’t want to risk being out of market.
Say your 100k grows to 120k and you want to bed and Isa (assuming 1 share or selling proportionately) you’d realise 17% of your portfolio. I.e. 17% of your gain of 20k.
This would be 3400. Which is within the current allowance of 6k however next year this is expected to reduce to 3k.
Not advice just an explanation
I’d agree a lot is priced in but there’s also many variables that arnt priced in. This was always a 2030 hold for some of us and were already pretty much derisked with massive returns from original buy in prices. I happy to have no movements for the forseavlble cos we know it’ll start to steadily go up and up as the company grows and development plans for future projects come to fruition.
Also what isn’t priced in is that institutional money. You’d be suprised how much those bigger buys will impact share prices when we start getting inheritance schemes taking positions
We may also have the benefit of people that just wanted in short term to get the money in the bank bounce selling and others taking a longer position at slightly better prices. Could be better for a stable SP over the medium term
Why, you (collectively and I’m still convinced you’re all the same person) said news before end of April. Well here we are.
Good luck all.
FG i hope you have a nice relaxing bank holiday weekend doing sweet FA but I guess that’s a given
I’ll decide if I apologise or not when FG someone can clearly define what testing the testing of testing means or whatever nonsense he used in that video.
Good luck all! As per Jamboner we’re guaranteed an update in the morning. And seen the behaviour of the share price i don’t think it’s gonna be a good one
You guys stress far too much. I was only messing when I took my apology back. Jamboner I agree you were very clear. I apologise again for taking my apology back.
Just to be clear I don acknowledge that you were pretty clear in subsequent messages. I just don’t read everything you guys are writing. I don’t know where you find the time.
Could do with the news dropping tomorrow though. Could do with a bit of profit from this one. I havnt taken any in a while