Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
The house sales are already picking up and all we need is lower interest rates and the housing market is off again. I have every confidence that when the sales start jumping up we will see £30 plus in the next five years but more than likely sooner.
Christofer, I have spent most of the money I had to invest here so my top ups now are merely £509 a month into a sipp but I really want to sell £30k to move into my isa and after the 6th April the capital gains tax is only £3k.
I have deliberately not traded this share in my share account as I have an average of £14.57 in that and any trading would of lowered my average making it harder to fill my isa up on April 6.
I a constantly going to buy in here when money goes into my sipp and I think we all know in 2 years time the price will be much higher and I’m happy with that time scale.
Since I plan to hold for a long time the price of the share at the moment isn’t that important to me.
It may be ok for you as you must have all your shares in an isa but I still have 4000 shares in my trading account which I would like to move into tax free accounts and the more this rises quickly the longer it’s going to take me to get them out.
I don’t want it rising too much before April 6th as I have £30k to sell out of my share account and move into a sipp/isa, or possibly more if they anounce an increase in personal yearly allowance for isas today..
The laughable thing is investing.com had Psn as a strong buy when it was £14.50 now it’s changed to sell. They don’t seem to know what they are talking about as surely their sell rating should have been at £14.50.
On a positive note Taylor wimpeys share is creeping back up and after our results on the 12th after a small drop we should end up doing the same.
It’s a shame Psn weren’t paying their £2.35 dividend as I think I would of just packed in work and lived off that 😀
It’s clear to see what price sales are on a specific site as it will be online or in the sales office so if other builders are say £40k astray it’s just normal for people to adjust their pricing structure. The rental sector is doing this all the time .
If there is a big market for the people who need the houses then why aren’t they buying them? Pointless house builders building lots of homes to lay empty as no one is buying. If the government is wanting lots more social homes why
Don’t they fund them and they would be built.