RE: Further isa question.1 Oct 2020 22:17
Stocks and shares ISA's are the best thing a citizen can do to get out of the rat race. Other than starting your own business which is a marathon.
Lets take a hypothetical £20k Sat in your ISA in January. This is hypothetically possible but no one is this lucky haha.
You heard about COVID so you put £20k in NCYT on January 2nd at 14p a share buying 142,800 shares.
You sold after the £5 spike at £4.40 on April 15th
You now have £628,540
You then put £600k in GGP on April16th at 5.7p and bought 10,526,000 shares
You then took the £28,540 for a nice present for you and your loved ones.
On Aug 4th You sold GGP at 14p
You now have £1,473,640
You put £1,000,000 into SYME on Aug 5th at 0.05p and bought 2,000,000,000 shares (If that was possible haha)
You then paid of your mortgage and had some fun with £473,640 tax free profit.
You know hold £9,400,000 worth of SYME at todays close.