40k annual allowance is not that much when you are on a final salary scheme.
But that is totally separate from CGT. The thing is, if you do all this dealing in a SIPP account you won’\t be able to realise the profits until you are 12 years younger than national pension age.
I’m consolidating and closing out some tech / baillie gifford positions and moving to fundsmith / vanguard / blue whale.
The tech train has served me proud with 30% returns in 4 months but I’m going back to looking for 15% a year type stuff. Will still keep some positions.
I made £110 on a £500 Tesla short yesterday. It was dipping my toes in the short market but I think we are recahing the end of the BTC / tesla train for the moment. It will rise again
As for GME. This will end in tears. The only reason people can post pictures of them paying off their student loan is that somebody got on the train later and took their position. They still need to offload their position to others. Maybe that is gonna be entirely hedgefunds, but I suspect a lot of retail investors are going to get seriously burned.
