Stocks & Shares ISA - what you got and why?

[Legend83]

Thought I would start a separate thread from the Share Tips one as many of the shares being talked about in there cannot be placed in an ISA (certainly III does not let you invest in AIM shares within an ISA wrapper).

Got funds growing but considering getting a bit more involved and investing a bit in my own choices. III have a portfolio builder which charges just £1.50 for regular investments at certain times in the month.

Looking at:

- Kofax (leading data capture company)
- RBS
- BP
- BAT
- Glaxo
- National Grid

Kofax is my grower, the others are for more stability / dividend / income etc.

So, what you got and why?

[mercGLowner]

AIM listed shares are not permitted in an ISA full stop.

I have MKS, ENRC, BARC, RBS, KGF in my SIPP, ISA and Share account with HL.

[DomBertone]

You can invest into an ISA with AIM shares if they are duel-listed, for example i hold XEL which is listed on AIM but also listed on TSX in Canada

[cannedheat]

DomBertone said:

You can invest into an ISA with AIM shares if they are duel-listed, for example i hold XEL which is listed on AIM but also listed on TSX in Canada

The condition is that the dual-listing has to be on another country's primary exchange - so they can't be listed on the Canadian/German/French...etc version of AIM.

[RichyBoy]

Wouldn't it be best to load up on large caps with good yields to offset the inflation eating away at the rest of your savings?

[HBFS]

DomBertone said:

You can invest into an ISA with AIM shares if they are duel-listed, for example i hold XEL which is listed on AIM but also listed on TSX in Canada

Good call, same situation for Range Resources which I'm contemplating.

[HBFS]

RichyBoy said:

Wouldn't it be best to load up on large caps with good yields to offset the inflation eating away at the rest of your savings?

Depends our your style, best for some. Boring for others.

[JungleJim]

La Liga said:

A the risk of a alight hi-jack, can someone clarify some basics about ISAs. If I wanted to trade on the main LSE buy buying shares and hopefully get some decent dividends / sell shares at increased price, how do the mechanics of it work? Do I have to link the shares ISA to an investment account and keep the money within that loop of ISA > investment account? Or Can I have the 10k of tax-free savings if I link my normal current account to add in and out of the investment account?

Any share growth (i.e. profit when you sell) and dividend payments are tax free. You can have cash in the ISA, sitting there as cash ready to make a purchase or having been generated via the sale of share. However you won't get paid interest on this cash.

[cannedheat]

JungleJim said:

La Liga said:

A the risk of a alight hi-jack, can someone clarify some basics about ISAs. If I wanted to trade on the main LSE buy buying shares and hopefully get some decent dividends / sell shares at increased price, how do the mechanics of it work? Do I have to link the shares ISA to an investment account and keep the money within that loop of ISA > investment account? Or Can I have the 10k of tax-free savings if I link my normal current account to add in and out of the investment account?

Any share growth (i.e. profit when you sell) and dividend payments are tax free. You can have cash in the ISA, sitting there as cash ready to make a purchase or having been generated via the sale of share. However you won't get paid interest on this cash.

Just to clarify a point, dividends in an ISA are still taxed at 10% but high and top rate tax payers aren't liable for any further tax.

Non-tax payers cannot reclaim the 10% tax deducted.

[JungleJim]

cannedheat said:

Just to clarify a point, dividends in an ISA are still taxed at 10% but high and top rate tax payers aren't liable for any further tax.

Non-tax payers cannot reclaim the 10% tax deducted.

this is why people shouldn't ever come to me for financial advice!

[Jackleman]

Sitting on a small pile of VIY at the moment, going to build up my holding in them as I believe their future is very rosy! It is a long play, but the upside potential is pretty big.

Will probably get some shares in Coke and Apple soon as well, maybe IBM.

[DomBertone]

HBFS said:

Good call, same situation for Range Resources which I'm contemplating.

Did you make a move? i was luckily on the iii forum when the surge came this afternoon, in and out in half an hour with a net profit of........£16!!!

Only had £400 odd free, silly move really lucky it worked out, now im 100% in XEL for the next week or two, 18k shares i plan to buy a house with...those who dare etc.

Good luck to everyone and their positions.

[deuchars]

DomBertone said:

Did you make a move? i was luckily on the iii forum when the surge came this afternoon, in and out in half an hour with a net profit of........£16!!!

Only had £400 odd free, silly move really lucky it worked out, now im 100% in XEL for the next week or two, 18k shares i plan to buy a house with...those who dare etc.

Good luck to everyone and their positions.

Hopefully the RNS comes out this time!!

[DomBertone]

deuchars said:

Hopefully the RNS comes out this time!!

It's been a frustrating time lately!

[Legend83]

DomBertone said:

It's been a frustrating time lately!

Commodities have been assaulted recently. Japan quake (although don't put my investments above any human suffering), North Sea tax, and now Goldman fecking Sachs downgrading the whole industry....

...seems to have coincided with superb a superb RNS from Encore who basically came out and said they had made the biggest discovery in the North Sea for a while and the damn price went down!!

[DomBertone]

Legend83 said:

...seems to have coincided with superb a superb RNS from Encore who basically came out and said they had made the biggest discovery in the North Sea for a while and the damn price went down!!

This is what bothers me the most! The market is a crazy place at the best of times i know but when value is added to a company in an RNS such as that and the price drops...

[Jackleman]

FishFace said:

The qualifications / experience of the VIY exec team is something to behold.

NASA!! :-)

I am crossing my fingers on this one, been sitting on these shares for a couple of years now. Hoping to top-up on some more soon as the RNS's have been getting progressively better and better.

[Beardy10]

RichyBoy said:

Wouldn't it be best to load up on large caps with good yields to offset the inflation eating away at the rest of your savings?

Depends on where you are in life. Large Cap stocks that have high yields are generally mature businesses that have little organic growth and can't buy and merge smaller companies because of competition reasons. Stock markets like companies that have good growth opportunities so the yield reflects that lack of growth. The trouble is management of these companies sometimes do extremely daft things to placate shareholders and transform the company. An example in extremis of this would be Lloyds it yielded 8% on and off for at least five years years and then when HBOS was going belly up management grasped the opportunity to do a "once in a lifetime" deal as competition issues were waives by the government (for obvious reasons). The rest is history.......

Basically high yielding large caps are okay if you are approaching retirement otherwise you want long term growth potential.

[NoelWatson]

Beardy10 said:

Basically high yielding large caps are okay if you are approaching retirement otherwise you want long term growth potential.

I think boring shares such as high yielding large caps are best at all points

http://falkenblog.blogspot.com/2011/02/bali-and-ca...

[jwo]

I put a shed load of range resources in my ISA. Although aim listed in uk on asx too so can go in ISA. Good job as I got in a 4p and they are now 22p!