Stocks and Shares ISA question

surfer9

Hi,

Just wanted to confirm I have understood how the Stocks and Shares ISA works.

You can use up to the allowance to place of stocks. Any profits made are not taxed....

So if you invest say £15,000, that investments brings in a profit of £10,000 within 4 months. You sell your stock and you transfer the profits (£10,000) to your current account. You go again, investing the £15,000 ISA money into another stock, after 2 months that returns you £5000, again you transfer the £5000 profit to your current account. You go again, investing the £15,000 into another stock and so on....

None of these profits are taxed - correct?

p00hsticks

surfer9 wrote: »

Hi,

Just wanted to confirm I have understood how the Stocks and Shares ISA works.

You can use up to the allowance to place of stocks. Any profits made are not taxed....

So if you invest say £15,000, that investments brings in a profit of £10,000 within 4 months. You sell your stock and you transfer the profits (£10,000) to your current account. You go again, investing the £15,000 ISA money into another stock, after 2 months that returns you £5000, again you transfer the £5000 profit to your current account. You go again, investing the £15,000 into another stock and so on....

None of these profits are taxed - correct?

Correct - but there is no need to transfer the profits out to your current account - you could just leave them in the ISA and reinvest them along side the original £15k.

ChesterDog

Just to say...

That particular methodology isn't remotely likely to give rise to any profits (or, before long, any capital) to do anything with at all.

coyrls

surfer9 wrote: »

Hi,

Just wanted to confirm I have understood how the Stocks and Shares ISA works.

You can use up to the allowance to place of stocks. Any profits made are not taxed....

So if you invest say £15,000, that investments brings in a profit of £10,000 within 4 months. You sell your stock and you transfer the profits (£10,000) to your current account. You go again, investing the £15,000 ISA money into another stock, after 2 months that returns you £5000, again you transfer the £5000 profit to your current account. You go again, investing the £15,000 into another stock and so on....

None of these profits are taxed - correct?

All you need to do is identify the stocks that are going to provide that level of return...... easy!

jimjames

ChesterDog wrote: »

Just to say...

That particular methodology isn't remotely likely to give rise to any profits (or, before long, any capital) to do anything with at all.

On the contrary I think it will give a lot of profit. For the broker....

moxter

surfer9 wrote: »

So if you invest say £15,000, that investments brings in a profit of £10,000 within 4 months.

Oh bless you.

Just keep the £15k within the ISA. If you take the capital out and want to put it back in again, then you've lost £15k of ISA allowance. But you can shift it around within the ISA as much as you want

surfer9

ChesterDog wrote: »

Just to say...

That particular methodology isn't remotely likely to give rise to any profits (or, before long, any capital) to do anything with at all.

You mean short term investing which results in massive returns?

My post was just an example just to check that any continued profits made from that £15,000 are tax free all year long every year......but......

The massive returns I gave in the example can be returned. It depends how you invest. I think most people go the safe route and are way too scared to put their money into what people refer to as 'risky' stocks. Most people will invest in blue chip companies and make a relatively small return over time.

I am going to be investing in companies that have massive potential. Penny stocks which can go up ridiculous amounts. There are plenty of good sources out there on the internet that give out free, extremely detailed information about companies that are undervalued and that are going under the radar that are for example mining juniors with clear evidence that something big is under their feet. Another example is technology companies that have a new technology which is highly likely going to turn into massive contracts.

I have been researching for the past few months and have had it proved to me that many sources online give out proven advice. I have seen them informatively talk up a company and express the potential a company has and then the stock has gone skyrocketing.

I came across an article just yesterday which was written 1 week ago about a stock which has the potential to go x50 over a few years. I checked it out and annoyingly it had already gone up massively just 2 days earlier. Was $0.07, it's now $0.30 and expected to get to $3. Little downside to it also as the stock had hovered around $0.07 for years and was highly unlikely to drop.

A £10,000 investment over time would return you £500,000. I believe that that stock will end up at $3 or much much more. They are in the battery technology industry and have just got a contract with Panasonic/Tesla and are expected to provide their technology to many many more powerhouses going into the electric car industry.

That source said it exactly how it was, they knew in advance what was going to happen and it's happening.

I personally don't see the point in investing slowly slowly catchy monkey style. Some people will be happy to have £50,000 after 20+ years out of a £15,000 investment, but £50,000 in 120 years is going to be equivalent to £10,000 now. The price of a house in 20+ years is going to be ridiculous.

I am after massive returns now and I have the sources to give me a good chance of getting there. He who dares wins. I don't really understand why people are so scared or dismissive of start-up companies. There is ££££ to be made and you don't even need to invest big.

Just a £1000 investment in a start-up with great fundamentals and you could end up with £10,000+ in no time.

jimjames

surfer9 wrote: »

Just a £1000 investment in a start-up with great fundamentals and you could end up with £10,000+ in no time.

Or you could have invested in Apple. It's great you think you can make it work. If it was that easier don't you think the people who have better access to data would have been there before you?

surfer9

p00hsticks wrote: »

Correct - but there is no need to transfer the profits out to your current account - you could just leave them in the ISA and reinvest them along side the original £15k.

So you can leave the profits in the ISA and reinvest the profits without being taxed on any of it.

So say invest £15k, that investment turns into £25k, you sell the stock and reinvest the 25k in another stock, the £25k turns into £50k, you then sell and reinvest again and so on and all the time you don't pay any tax on any of it?

HappyHarry

I am going to be investing in companies that have massive potential. Penny stocks which can go up ridiculous amounts. There are plenty of good sources out there on the internet that give out free, extremely detailed information about companies that are undervalued and that are going under the radar that are for example mining juniors with clear evidence that something big is under their feet. Another example is technology companies that have a new technology which is highly likely going to turn into massive contracts.

I have been researching for the past few months and have had it proved to me that many sources online give out proven advice. I have seen them informatively talk up a company and express the potential a company has and then the stock has gone skyrocketing.

I came across an article just yesterday which was written 1 week ago about a stock which has the potential to go x50 over a few years. I checked it out and annoyingly it had already gone up massively just 2 days earlier. Was $0.07, it's now $0.30 and expected to get to $3. Little downside to it also as the stock had hovered around $0.07 for years and was highly unlikely to drop.

Look up "Pump and Dump" scams.

You are describing exactly what an investor might see right up until they decide to cash out.

surfer9

jimjames wrote: »

Or you could have invested in Apple. It's great you think you can make it work. If it was that easier don't you think the people who have better access to data would have been there before you?

It's all there on the internet. Plenty of good information by knowledgeable people

Just people go straight for apple, google, facebook without even considering the other end of the stock market. The other end of the market is avoided by the general investor, I totally understand that. It's more complicated, facebook is facebook, everyone knows it and how it works. Mining on the other hand goes over people's heads. It goes over mine because I'm dumb as a turnip.....

But there are sources out there with a track record of giving solid advice and the stocks they have talked up have gone to the moon.

I like the odd gamble and always go for long odds and have won big doing so. I am now going by the same method with stocks. Plenty of stocks that are undervalued.

I'll give you one right now, I'll prove to you that my sources are spot on:

Nippon Dragon Resources. CVE: NIP

It's going to multiply this year. Come back to me later this year and you can abuse me if I'm wrong.