To buy order not to buy25 Mar 2025 19:00
With the end of the current tax year approaching on the 5th April, with the new tax year starting prior to the trading update, I have a choice to make. I currently have JD shares in my Fund and Share Account. It is my intention to move the funds into my ISA Fund and Share Account.
Now I know that nobody can give me professional financial advice on this board but I assume others will be in a similar position to me. I am aware that I need to sell my shares, wait on the funds clearing and then arrange to move the funds into my ISA before I re-invest again, I.e buy more JD shares to replace the shares sold in my other account.
Do I hold the funds in cash until after the trading update as the update may cause a share price crash on the update and forward guidance or do I buy before the update as the update may push up the share price.
My other option is to just leave the shares in the F & S account until after the update and then sell, transfer and re buy.
The share price may not recover until the end of this year or even next year so want to want to pay capital gains tax on my JD shares in the future when I sell them at hopefully a good price.
FF, from your experience, which I appreciate is not being a financial advisor but a fellow individual investor, would be my best option. I was reading up on the recent ASOS update and although their update showed a trading loss, the share price spiked on the update day.