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Stocks n Shares ISA

Lawrenceslongthrowin said:
What do people do when they have reached their limit for isa allowance? Withdraw it and invest in something else then start again the next tax year? I’m new to this so forgive me if it sounds stupid
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The allowance is £20k per year, so you dont need to withdraw it to start again, just keep it invested and then invest more when the allowance resets.

Do well to max out £20k allowance like, i know people can and do but it must be a lovely position to be in!
 

gazza.1990 said:
The allowance is £20k per year, so you dont need to withdraw it to start again, just keep it invested and then invest more when the allowance resets.

Do well to max out £20k allowance like, i know people can and do but it must be a lovely position to be in!
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I’ve got 20k which I’ve saved up over the years, so if I have 20k in isa, when new tax year start I can keep investing again another 20k in theory and so on ?
 
The Butcher said:
I thought there’d been a dip, I’m not very good with this financial carry on haha
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Im not that clued up mate just know they have gone up fair bit in past 12 month , the odd trump
Dip bounced straight back , nobody on here knows what 2026 and 2027 will bring, big factor is it a long term investment or do you need it next couple year
 
Lawrenceslongthrowin said:
What do people do when they have reached their limit for isa allowance? Withdraw it and invest in something else then start again the next tax year? I’m new to this so forgive me if it sounds stupid
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Just a heads-up as I don't think it's been mentioned.
If you find a better isa in the new tax year and want to move your money don't take it out and put it in the new ISA as that will use up the new year's allowance. You have to do a transfer which the ISA companies will manage. This means you can the add another 20k or whatever you have for that tax year.
I hope I've explained that well enough.
 
Lots of basic questions in this thread (which is absolutely fine - I was exactly the same until recently).

If you are just starting out I strongly recommend following the reddit UK personal finance flowchart.

You don't have to follow it to the letter (I havent got round to setting a proper budget) but it has lots of good advice about investing etc.

Logon or register to see this image
 
Shambo said:
had a nervy wild first 48 hours with my silver investment :lol:
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There’ll be pull backs but it’s nowhere near the top yet imo, same with gold.
Batdad said:
Lots of basic questions in this thread (which is absolutely fine - I was exactly the same until recently).

If you are just starting out I strongly recommend following the reddit UK personal finance flowchart.

You don't have to follow it to the letter (I havent got round to setting a proper budget) but it has lots of good advice about investing etc.

Logon or register to see this image
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It’s ridiculous that basic financial literacy isn’t taught at school, a lot of that flow chart should be hammered into youngsters.
 
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ir35 said:
There’ll be pull backs but it’s nowhere near the top yet imo, same with gold.
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yeah, I think the uncertainty that Trump brings seems to be helping push gold and silver up. I am only a small time investor and just doing it short term for a bit of fun. if I can have a month or 2 of part of my mortgage being covered, or maybe treat myself, then I will be over the moon
 
seaburnmackem said:
This to me is gambling, not investing. The time to buy was probably before the announcement of the release.
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Don't take this the wrong way mate, but I think you've got that exactly the wrong way round.

Making reasonable predictions of share price movements based on anticipated profits from known business lines is investing.

Buying shares on the basis of future announcements that you don't know about and may not happen is gambling.

We'd all love to be able to buy just before the good announcement and sell just before the bad. But unless someone is insider trading (very illegal), it's just luck.
 
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