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Whatever answer you get, make sure you can use your losses to cover some of your tax burden from your wins, otherwise even in the scenario you describe you lose
by pliny 8y ago
Whatever answer you get, make sure you can use your losses to cover some of your tax burden from your wins, otherwise even in the scenario you describe you lose a third or half to the government (depending on how the income is declared and what else you did in those 5 years) and barely come out ahead.
- pjc50 8y agoPlenty of countries have tax-shielded vehicles for small investments like this, which it would be handy to find out about. The UK "ISA", for example.
- ratsimihah 8y agoGood points! I do have an ISA, maybe I should limit my investments inside it. It doesn't support US shares though.
- pjc50 8y agoMy Halifax one lets me invest in US Vanguard funds, haven't checked whether it supports individual shares.
- scriptstar 8y agoHi check https://freetrade.io/ https://freetrade.io/ and is available in U.K and can invest in U.S stocks. Have a look. Cheers