Member Info for Windows345

Hi aviduser, who do you use to set up & sell covered calls against your stock ?

Thanks

Hi guys
I nothing about this company, but i do own shares in Legal & general who have just raised their stake in HSW from 3 to 4% . LGEN are not idiots, they must see potential to make a return on their investment. I fancy a speculative punt myself because of this, any advise would be appreciated

Cheers

Hi all, found another CGT solution, Bed & Spouse, may be of interest to some,

Under the ‘bed and spouse’ strategy, you can sell an asset or investment to crystallise a capital gain. Your spouse or partner can then buy it back immediately and transfers it back to you. So basically, you crystallise a capital gain while still retaining ownership of the asset or investment.

When the time comes to permanently dispose of the asset or investment, the Capital Gains Tax liability will be lower. That’s because the cost base was adjusted by selling and then immediately buying back the asset or investment.

One thing worth noting, however, is that you cannot directly sell the asset or investment to your spouse. The two transactions have to be separate.

So i sell my shares to use my CGT allowance & give the cash to the wife & she buys them back
She sells her shares to use her CGT allowance & gives the cash to me & i buy her shares back

Simples, or am i missing something ?

Hi Mick
Thanks for the info, I did follow the link to the HMRC website & this didn’t make much more sense to me, think I’ll bat this one back to the accountant

Cheers

Is it just me that finds the issue re CGT & multiple share purchases confusing / complicated / bewildering ??
i,m in the same position this year, i have 4 accounts, 2 stock & shares ISA,s 1 me, 1 her indoors, no tax to worry about there.
2 more trading accounts 1 me, 1 her indoors with profits mostly from BP. above the CGT threshold for this year, i want to bed & ISA as much as possible end of this tax year to use our allowances, but whats this 31 day rule all about ??

Thanks in advance

Thats what the wife said Stevebt. lol

HI Clever
Thanks for the info, exactly my thoughts, would rather have gold in the hand rather than gold in an ETF
Cheers

Looking to buy physical gold ( long story ) anyone have any experience in this area / suppliers ?

Many Thanks

Hi Jakers
Thanks for the info, read it somewhere in the past but couldn’t find it today

Cheers

On a related issue, does anyone know what dates are used to calculate the exchange rate USD/GBP for the latest dividend ?

Thanks

Hi Boro
I am with Hargreaves Lansdown and asked them the same question re. my shares , the answer i got in return was you can't, they dont do that sort of thing. you need to contact you broker and see if they will

Sorry mate not really a solution but an answer of sorts

Yes

Auction quote 280.2 at the moment

Take over of BP by Chevron backed by Mr Buffet ?

Nice

Do my eyes deceive me ?
Are we at a golden cross area 50 DMA V 200 DMA in the BP share price ?
Could you TA guys give an opinion please

Thanks for the info Pacman, but it does look like a hassle to open an account to trade options occasionally, think i'll stick to the shares & have fun with spread betting on IG

Thanks anyway

Hi Packman3311
Who do you use for options trading in the UK if you dont mind me asking ?
Years back i used to use covered warrants by Soc Gen, had some good fun with them, dont see them now

Thanks

* zero *

Nice little bounce at the close due to large draw down of crude stockpiles
Hopefully if stockpiles get to zone this god dam stock might see £ 2.80 again. AAAAAAHHH

Hope you more TA savvy guys can answer this one
Where can i find 50 DMA & 200 DMA for BP share price
I must be something wrong, when i look on different sites, i get different results
Thanks in advance