dpb

Iv only been doing this a few months

Iv dipped into one company several times at different prices , how would i know which stock of shares im selling - theyre all lumped into one pot as it were

Maybe i dont have a choice

snowy95wrx

does it matter a share is a share

dpb

Been yoyoing 5-8 % over the last 6 weeks - this nets me several hundred quid !

GlesgaKiss

Do you mean your account doesn't seem to let you just buy or sell one particular company you have? Otherwise it's as the poster above says - doesn't make any difference which individual shares you buy and sell, all that matters is you buy a certain amount at x price and sell that same amount at whatever other price.

Petem95

I just use the share dealing thing linked to HSBC. It actually used to be a seperate thing called Kingfisher or something, but then HSBC bought them out about 8 years ago. Handy for me I as I bank with HSBC!

You get a £10k buffer to play with too which is nice - ie if you decide you want to buy £5k of something suddenly. then you can buy the shares and then transfer £5k out a building society account before the payment comes out if you get me.

Only issues I've had is recently I bought some shares and the transaction went through 4 times over 2 days... not ideal, but they sorted it and refunded my money.

dpb

Yes this is BP. . Iv bought at several different prices , but the whole lot are lumped together so how do i know which shares im selling !

MattW

On III it shows your average price paid, but you can't sell ones that were bought cheaper vs ones bought at a higher price. not sure what you are trying to do, but a share is a share.

dpb

OK , cheers - this was what i thought . Almost went up to what i paid for them today ( well half of them )

this was whilst i was out of course

GlesgaKiss

Yeah, all that matters is the number of shares. For instance, if you bought 1000 at 300p and another 1000 at 400p, if you're wanting to sell, say, 500 of the ones you bought at 300p it doesn't make any difference. You can make it seem more complicated than it really is though, I wondered exactly the same thing when I opened my first account, so no need to feel stupid when you work it out. Lol!

dpb

An other thing Glesakiss , iv made all ready on selling , some, of Bp. when they reached 434.

But this seems to have been ploughed back into the bp - presumably because i only sold a fraction (1/2) of the original purchased ??

pslewis

Some numpties shouldn't be allowed out on their own!

GlesgaKiss

Hmm, not sure what's happened there then. Unless it's some kind of order you've selected, you should just have had the cash minus commission transferred back into your account.

Allan

iTrader: (1)

Are you sure about this, I thought that share sales had to be matched on a last in first out basis for CGT?

So if you bought 1000 and then another 1000, and then sold 500, the sale would be from the last 1000 bought. It's down to you to know which ones you are selling to correctly report any CG.

dpb

This is whats happened for all the others iv sold !

jonc

www.iii.co.uk are pretty good. £10 per trade and you can do it within their ISA so any gains are free from income tax.

Chip

The shares you sell will be the first lot of shares that you bought in that particular company.
CGT is the reason for this.


Chip

Allan

iTrader: (1)

Chip, I think it's the other way round.

nks

iTrader: (6)

Last In First Out...

For a private investor though. If you bought 1 share at £1 and another share at £2. Your average price across the share would be £1.50, therefor to be in profit you would need to be over £1.50.

As a side note you need to add a certain percentage into it to cover your stamp duty and commission around 6-7%

Allan

iTrader: (1)

So is Motley Fool wrong? or am I Interpreting it wrong?

dpb

Fair bit of confusion then , anyway
0.005 % stamp and 15 quid sell/buy on mine

Allan

iTrader: (1)

Fairly sure I'm right, and coming back to your original question, yes it does matter which ones you sell, you "can't lump into one pot" for CGT.

zip106

I think someone needs/ought to read The Naked Trader....

dpb

Wish id ignored the pessimists and stuck 10k on ROK monday

dpb

iv sold em all now so i can sort this all out , BP. up to 433 now probably more tomorrow


, hey ,- its given me 100 a week since i started ,not a fortune but 10 times any bank account

GlesgaKiss

That's for tax purposes though. It really makes no difference to the end result profit or loss wise. A share is a share, as the second poster mentioned.

HMRC love to make your life difficult.

Allan

iTrader: (1)

Ah yes, well if we are completely ignoring any potential tax liability............"a share is a share" it is then