Finance420_
479 posts
Finance420_
@finance420_
🔑 path to $1M. Main-holdings are $TSLA,$GOOG.
Katılım Ağustos 2023
425 Takip Edilen105 Takipçiler
Elon not killing the SpaceX/Tesla merger rumours means that's the plan. (as we predicted)
Elon's silence on these things typically means confirmation. That's the downside of frequently commenting on corporate affairs in general. It all becomes all too obvious.
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@RishiSunak The only advice anyone needs is 'DCA into s&p 500 over your lifetime'. That's it!
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Nearly 4 in 10 British adults have poor financial literacy.
Today, we’re publishing major new research into financial literacy in the UK and what we can do to improve it in schools and beyond.
Too many people are navigating saving, borrowing and planning for the future without the confidence or knowledge they need, and many associate numbers with anxiety rather than opportunity.
The report also found several striking gaps between groups, including women consistently underperforming men on financial literacy across every age group. We’ve got to fix that.
thetimes.com/money/family-f…
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🇺🇸 Tesla quietly filed a patent that could cut battery production costs by nearly half.
The breakthrough is a new way to make battery cathodes without toxic liquid solvents, using a microscopic "spider web" structure that binds the materials together instead.
It also triples manufacturing speed and could shrink the physical footprint of battery factories by up to 50%.
It's not a lab experiment either. Gigafactory Texas is already mass-producing these cells for select Model Y vehicles, with Cybertruck, Cybercab, and Semi rollout expected through 2026 and 2027.
Battery cost is the last big barrier to affordable EVs. Tesla just moved the needle.
Source: Not a Tesla App
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I see a lot of content around individual stocks vs ETFs/index funds.
My take why not do both? Dollar cost average to build a large diversified base using ETFs/index funds and at the same time buy high conviction individual stocks that you think is worth being an owner of.
It's that simple! Do you agree or not?
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@isamillionaire @GBNEWS We need a finance bro to in power! Run the country like a portfolio 😂
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@GBNEWS How anyone can be this incompetent is beyond me 🤷🏼♂️
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Rachel Reeves's tax raid on ISAs to 'FAIL' as 1p loophole could protect savers
gbnews.com/money/rachel-r…
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Crossed the 1k mark today 😁
This is just the start!!!
GIF
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@Gfilche Not bearish, but will strongly consider under 1 Trillion market cap! I've learned my lesson with tsla paying to much into the future!
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@IndexAndForget Because the less money you have, the more you need it!
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Poor people care more about taxes when they pay the least
Rich people care least about taxes when they pay the most
Why is this?
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@alexwickham @PhilAldrick The answer is very simple, government needs to spend less!
To much waste,fraud and abuse! Taxing middle class has a ceiling and it's not very high!
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HMRC estimates that equalising capital gains tax with income tax would COST the exchequer some £6 billion a year because people will choose not to cash in their gains so no tax would be liable
In this @PhilAldrick piece on Labour’s wealth tax challenge: bloomberg.com/news/articles/…
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There was a legitimate expectation - UK Gov encouraged us to use a S&S ISA and we reasonably relied on that representation.
After encouraging everyone they then decide to add a tax to something solely designed to be tax free. It is classic bait & switch.
@MartinSLewis help?!?
GB News@GBNEWS
Rachel Reeves to tax cash held in stocks and shares ISAs in major savings raid gbnews.com/money/rachel-r…
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A nice, simple low-tax savings regime you have there.
Would be such a shame if someone were to screw it all up with lots of fiddly new meddlesome rules that ignore the savings-investment identity!
🇬🇧 Tom - Investor £120K@2147mill
Important ISA rule changes coming April 2027 (as far as I understand but correct me if wrong). Read this carefully. The total £20,000 ISA allowance stays the same. But if you're aged 18-64 you can only put £12,000 into a Cash ISA. The remaining £8,000 must go elsewhere. There's also a further sting. HMRC will introduce a 20% tax charge on interest earned from uninvested cash held inside a Stocks & Shares ISA. Transfers from Stocks & Shares ISAs into Cash ISAs will also be banned for under 65s. What this means in plain English: → Cash ISA: £12,000 max from April 2027 → S&S ISA: Still £20,000. Untouched. → Uninvested cash sitting in your S&S ISA: Now taxed at 20% on interest earned → Over 65s: Nothing changes The government isn't punishing investors. They're punishing people who use investment accounts as savings accounts. This tax year is the last year you can deposit the full £20,000 into a Cash ISA. If you hold cash in your S&S ISA uninvested. Put it to work before April 2027.
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@WarTalk1 It's a tax grab disguised as closing a loophole! This is them testing the water!
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This is literally targeting the average person just trying to do a little better for themselves.
Absolutely Insane that she thinks this is a good idea.
There is absolutely no positive upside to this.
GB News@GBNEWS
Rachel Reeves to tax cash held in stocks and shares ISAs in major savings raid gbnews.com/money/rachel-r…
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@LiamMcNaughton @GrahamCompton Yea I understand closing the loophole perspective! But this is a very slippery slope! And taxing something that is purposed to be tax free is betrayal! I can often have mid 5 figures in cash due to exiting a position, now I will be penalised for it!
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@finance420_ @GrahamCompton Maybe partially naive but I’m not surprised by it. The point of the split of Cash ISA/S+S limits was to encourage investing, this is to stop people from loopholing it. It’s not ideal but I don’t plan to have 10s of thousands sitting as cash for long periods
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So, if I only increase my cash position in my S&S ISA by £12k a year, I'm complying with the intent of the ISA changes, but I get taxed at 22% of the entire interest earned.
Convince me this isn't just a tax grab.
What's next?
GB News@GBNEWS
Rachel Reeves to tax cash held in stocks and shares ISAs in major savings raid gbnews.com/money/rachel-r…
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A 22% tax inside your Stocks & Shares ISA?
Sounds scary but the real story is more specific than the headlines suggest.
In my new video I break down:
✅ What the 22% ISA tax actually means
✅ Who it could affect
✅ What changes from April 2027
✅ Why this could catch normal investors out
Watch here 👇
youtu.be/58GymOUyLig
YouTube
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@LiamMcNaughton @GrahamCompton That's very optimistic of you, thinking they won't change it! Can you not see the long term consequences of this?!
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@finance420_ @GrahamCompton You still won’t pay tax on the gains of the stocks and shares when you sell and then you’ll still be keeping 80% of the interest. You’re raging about something that you don’t need to
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@InvestingAddict Yes when I was 19, I lost 2.5k In 4 minutes! Man I locked tf in since that day!
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Blowing a stock portfolio and losing a ton of money can be one of the best lessons to ever happen to a young investor.
Have you paid your market tuition?
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@steady_profits @2147mill I'd take that over giving a penny to the government
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@finance420_ @2147mill Yes, I wouldn't really mind if all the brokers stopped paying interest on uninvested cash.
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Important ISA rule changes coming April 2027 (as far as I understand but correct me if wrong).
Read this carefully.
The total £20,000 ISA allowance stays the same. But if you're aged 18-64 you can only put £12,000 into a Cash ISA. The remaining £8,000 must go elsewhere.
There's also a further sting. HMRC will introduce a 20% tax charge on interest earned from uninvested cash held inside a Stocks & Shares ISA.
Transfers from Stocks & Shares ISAs into Cash ISAs will also be banned for under 65s.
What this means in plain English:
→ Cash ISA: £12,000 max from April 2027
→ S&S ISA: Still £20,000. Untouched.
→ Uninvested cash sitting in your S&S ISA: Now taxed at 20% on interest earned
→ Over 65s: Nothing changes
The government isn't punishing investors. They're punishing people who use investment accounts as savings accounts.
This tax year is the last year you can deposit the full £20,000 into a Cash ISA.
If you hold cash in your S&S ISA uninvested.
Put it to work before April 2027.
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