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UK Stock Investors: What Is Going To Happen Now?
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- Опубликовано: 3 авг 2024
- In anticipation for the general election on the 4th July, today we’re looking at some of the issues faced by UK stock investors in light of current government policy, and what changes should be made by the next government to make investing easier and simpler for UK investors, especially those who are investing beginners. We’ll also discuss the impacts that the general election has had on the UK stock market in previous years, and what performance we could potentially expect after the 4th July for our investment portfolios.
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00:00 Intro
00:59 Policy
01:30 Dividend Tax Allowance
03:32 CGT
05:27 Stamp Duty
07:53 Stocks & Shares ISA
09:30 Election Impact on Stocks
📷 Instagram: @mitchinvesting
#UKStockInvesting #StockMarketInvesting #InvestingForBeginners
Disclaimer: Your capital is at risk. Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you.
Disclaimer: All ideas presented within this video are that of my own based on my own opinions. Please do not consider any of these videos as financial advice as I am NOT a financial advisor. All financial decisions and choices made are solely your responsibility. The views shared in this video are just for entertainment purposes only. When investing, your capital is at risk and can go up in value as well as down in value. You should consult a suitably qualified professional when seeking out investment advice in order to fully understand the risks associated with investing.
What are your thoughts on the current climate of UK retail investors with the current policies and looming election? Link below to open an account with Trading 212 to get 1 FREE share valued up to £100 as I mentioned in the video: trading212.com/promocodes/MITCH
Sad that the UK has the duopolitstic political system as the US but without the benefit of a growing stock market
I believe investors should focus on under-the-radar stocks, especially given the present rollercoaster nature of the stock market. 35% of my $270,000 portfolio consists of collapsing stocks that were previously respected, and I don't know where to go from here.
To tackle investment risks, the safest approach is to diversify across various asset classes, such as bonds, real estate, and international stocks, to minimize the impact of a market meltdown. Seeking expert guidance is essential.
Many people underestimate the value of advisers until they experience burnout. After a challenging divorce a few summers ago, I sought out a highly qualified licensed advisor. Her guidance has been invaluable in keeping my company afloat and thriving, despite inflation.
how can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success??
“Carol Vivian Constable” is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I just googled her and I'm really impressed with her credentials; I reached out to her since l need all the assistance l can get. I just scheduled a caII.
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Charlotte Miller.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
’Aileen Gertrude Tippy’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
the only people who should be taxed higher are unknown individuals with billions floating around. We need it to fund our roads, schools, hospitals and future growth.
Fund our society and we build a better foundation for everyone to grow.
No more selling our assets, businesses and innovations to american funds
According to Forbes there are 55 billionaires in the UK. Public spending totals £1145bn per year. Just how much cash do you think you could get out of 55 people without them leaving the country, to make a difference to public spending?
That Rishi Sunak joke on Labours future plans was elite
10/10
I always look up to your video for update. Investment in stock market is the wisest, it's a place where millionaires and future billionaires come to get inspired. If you've not been involved you're missing out. despite the dip in the stock market, I still thank you for the level-headed financial advice. I have netted a profit of 75k from my investment of 9k since following you for few weeks now
Educate me, I've come across this name before, Now i'm interested
To be honest, investing is a smart way of securing your family future, grow wealth and beat inflation
This sounds so good and I would like to be part of this, is there any way I can reach her.?
FXBridget
👍
she's mostly on TeIegrams, using the user name above
As an avid investor, I often mull over how accomplished investors are able to amass fortunes through their investment endeavors. Presently, I hold equity exceeding $545K from a recent home sale, yet I'm uncertain about my next investment move. Should I consider buying stocks at this time, or should I await another opportunity?
The present market conditions could offer chances to enhance earnings quickly, yet to implement such a plan, expertise is essential.
Undeniably factual. Despite my absence of prior investing acumen, I ventured into investments pre-pandemic and managed to amass a profit of about $450k within that year. Essentially, I solely relied on professional counsel.
Lately, I've been researching advisors, but the market updates I've encountered haven't been very positive. Who's your guide?
Evelyn Infurna Constable is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Use her name to quickly conduct an internet search.
Stamp duty is only paid once on purchase not annually on shares already held. The majority of UK investors will be via an ISA or pension which have very generous tax benefits
Yeah I understand that, I don’t think I explained that bit particularly well. I was just trying to indicate fees on transactions/accounts more generally and if you’re regularly buying shares (paying 0.5% fee each time), plus your other account fees, or fees you pay for funds, other transaction fees etc, they all really add up over a long duration of time. I agree that the ISA is definitely the way to go to minimise tax liability though!
When Chancellors talk about "people investing into UK markets", they're not talking about retail investors, they're talking about industrial titans.
Hey! Yeh I tend to agree with that sentiment, but with the proposal of the British ISA whilst the bulk of money comes from institutional investors, there is obviously some thought behind encouraging retail investors to invest in UK equities too
@@MitchShoesmith Yes, and for retail investors, sticking to index funds is the best move because there is no real way for retail investors to know where to put their money to benefit from abstract government incentives. Government roadmaps tend to focus around the legislation and regulatory frameworks to help sectors, institutional investors have the resources to undertake the impact analysis and then issue guidance to the markets around specific companies that may benefit from proposed legislation etc.
I agree with what you've said totally. However, politicians don't think the same way. They don't want you to invest, they want you to give your money to them! :)
great video
0:20 Government doesn't seem interested in financial literacy for the electorate.
Ironic given they were harping about wanting a British silicon valley.
Yes I have just sold the shares in my business because of a threat of a Labour government. Get my tax relief while I can and invest in the S&P until I can grow another business overseas.
Agreed, it's about damage limitation now. Whoever wins, if you've got money, they'll be coming for it. They have no idea how to create wealth, only take it...
@@CaldonianDude agreed.
I’m voting reform
Who will win zero seats...
5 in reality. Fastest way to start an argument next to football teams…politics. :)
Jezza (Jeremy Hunt) is only Chancellor in name now, Rachel Reeves is the Chancellor in waiting. Labour will hold a budget in the autumn; there's no obvious need for Labour to hold a post election Budget as their main aims are stability and a summer Budget is just more instability.
So they say, now. But they are ideologically inclined to higher taxes...
@@CaldonianDude I don't mind the higher taxes. What I mind is that the current government's ROI on my taxes is pretty poor. I like the sound of Labour's ROI on my taxes. Taxes to me are another form of investment.
"When internationally it will be much cheaper" ....
Except not really, include FX fees for switching currency on both the buy and sale. Not far off of the same if not a lot more on many platforms
Why would I consider buying UK stocks and be penalised with a 0.5% stamp duty tax, each time I buy?
Because 0.5% as a one off charge is basically irrelevant. It has a negligible impact at all. And given that the UK has massively under performed in recent years, it could be argued that stocks are currently cheap and therefore could be set to grow quicker than elsewhere.
0.5% is £100 on a 20k investment
Reform is the way to go, we’ve complicated so many things in this country
Vanguard does not offer individual company shares, so you wont pay stamp duty
I’ve avoided investing in the UK, it virtually never grows. Waste of time.
Tend to agree with the sentiment, better opportunities currently imo
Only averaged what 6% a year the last few years, granted not US returns but its not exactly "nothing" is it? Those dividends do count as well.
I was considering adding the FTSE 100 to my portfolio however after watching this, I reckon the money could perform better elsewhere…. 🇺🇸🇺🇸🇺🇸
Tend to agree with you as things are!
Taxes are already too high in this country the between Westminster and local government nearly £1 trillion is collected where is it going? The government is simply inefficient and needs to close tax loopholes to ensure the wealthiest are paying their fair share in taxes.
Interest on debt is about 12% of tax revenue I think I heard recently, which is just mentalllll!
The gov is inefficient and simply needs to close.
Ftfy.
Yes, change is coming. We will all be bankrupt 😅
Is capital gains tax also applied when you sell stock from out of your stocks and shares ISA or is it not like the Dividends Tax isn’t applied, cheers mitch
Hey Gary, just picked up your other message ☺️
I suspect (and I hope they are not watching this) that they will put a tax on the employers contributions into your pension. It’s not you paying, won’t cost the employers anything but it will bugger your retirement.
Most people probably won’t notice it now but when they get to their retirement date (whichever century that is in) they’ll have a lot less than they thought they would have.
Personally i doubt starmer is going to make any difference for your average retail investor. If you have any property, thats probably more at risk. Maybe capital gains will go up. If youre within your isa limit though which virtually everyone is, unlikely to be any change.
I personally think the British 5k extra ISA is a great idea for encouraging more investment in the UK.
Just increasing to 25k means most people are still just going to buy US shares. The main problem is most people aren't aware of it
I tend to agree although I think 5k, as an amount, is a waste of time, and an example of the shrivelled thinking of UK politicians. I'd like to see a general 25k ISA allowance plus another 25k ISA allowance for FT100/250 funds. Never going to happen though! :)
No news on the uk etf yet either ..
Expect more tax if labor wins.
Expect more tax regardless of who wins. Country is already on its arse.
Hi Mitch. Love you channel and would really welcome you opinion on a share matter if possible. 🙏🏻
Hey Simon, thanks! I can’t give advice on individual shares unfortunately!
Definitely. Finance and accounting should be on the curriculum. Mandatory GCSE.
Stamp duty on shares should be ditched 😊 it doesn't bring in that much😊 we already pay way too much in taxes😊
Agreed
Agreed. But got to feed the beast...
It's obvious that the UK gov want self-investors to buy UK stocks rather than global or US stocks. So the 5K British ISA is attractive for anyone in UK wanting to buy individual UK company shares and maybe also those higher income tax bracket investors that want to take dividends every month. Everyone else won't use it because even with a 10/20% CGT penalty, non-UK stocks are better performing. Maybe another idea would be an additional 20K UK ISA for holding UK dividend-paying stocks/funds only? e.g. IUKD gives approx 10% growth and approx 4-5% div. Maybe there could be new UK ETFs that would qualify.
Yup wish this was taught in school when I was a kid (eons ago). However if it was, within a couple of decades, everyone would have retired by the time they were in the 30's 🙂. If it was implemented now, governments would have to figure out a completely new way to get their taxes (maybe get it from the AI robots 😂)
I think let’s make some Ps on GME 🎉🚀👀🔥🐱
😬😬 just don’t get burnt!
I actually think it’s fair to remove GIA/ unshielded tax allowances to force people to use pensions and isaa. FTSE 100 needs to be more growth focused so taxing dividends probably helps this.
Yeah, worthwhile suggestion, the only downside with removing a GIA is if you have more than £20k a year to invest
@@MitchShoesmith I do and struggle with this myself.
Please do a video on pros and cons of GIAs
So should a US investor not be buying international stocks? I have about 20% of my portfolio in VXUS? Thoughts? Or should I just stay 100% US?
I see no reason for anyone to not be invested in a global fund.
Don’t forget fiscal drag.
So are the 0.2% Fund Fee, 0.5% Stamp Duty, and 0.15% Account Fee avoided when using regular ISA accounts? Or does it have to be the £25,000 British ISA discussed in the video?
He's not going to be a popular prime minister if he just wants to raise taxes. Why vote for a raise in taxes??
Criminal. This country is cooked. Why is the answer to everything to raise taxes and make it harder for people to better their financial situation?
Ignore that mate, you’ve just answered me question later on in the video
USA dividends is 15% less you get in UK
Yeh that’s correct, 15% withholding tax sadly!
They won’t like people saving too much they have their eyes on everyone’s ISAs already wouldn’t be surprised if they retrospectively made ISAs a taxable vehicle
I just hope Labour don't win.
😬
Why?!
@@clarkeysam 🤣 Good one.
@@ploppy193 ???
All options are terrible
I wouldn't put it past Labour to put the ISA allowance down to £10,000 then £5,000 the year after.
Facts!!! This sounds EXACLTY like what they would do!!! 😂😂
I bloody hope not!!
While I think the ISA allowance should be reduced to something like £15k, as we are a broke country and if you can afford to save £20k a year into an ISA then you're rich. Labour wouldn't reduce the ISA that far. It would be too unpopular.
@@clarkeysamI don’t think you can say a blanket statement that anyone who can invest £20k is rich. What if you inherit £100k and want to keep it to one side for your retirement? That money was taxed when earned, the estate might have paid inheritance tax, then you have to pay tax a third time when you save/invest it and finally pay vat when you spend it! The world’s gone tax mad. There should be a simple tax allowance for anything and everything you earn below a certain threshold regardless of where it comes from. Thereafter tax passive earnings as earned income.
@@Petersworld77 £20k a year not as a one off.
If you want to keep it for your retirement, then you have your pension.
Transactions are taxed. That's the way the world works. Plus, the vast majority of people will never pay inheritance tax (you can pass on up to approx £1m without any loopholes or planning without being liable for inheritance tax). And the tiny percentage of estates that are liable for inheritance tax are usually made up of untaxed wealth, such as pensions and the increase in property values.
If the treasury followed your desires with tax, it would result in smaller estates paying higher taxes on the inheritance, which seems to be the opposite of what you desire.
Why would anyone invest only in the UK market? If you prioritise growth you're investing in the US market and if you prioritise diversity you're investing in a whole world fund.
Increasing the ISA allowance for UK only is irrelevant to the majority of people as most people don't earn enough to max out the current limit each year anyway.
The only thing that would make me invest in the UK only would be if they didn't charge tax on SIPP withdrawals from a UK only SIPP. Then that tax benefit MIGHT be worth it to sacrifice better growth elsewhere.
They also need to pull their finger out and clarify the situation with fractional shares in ISAs.
Never forget that the last labour government doubled the income tax rate of the lowest paid workers from 10% to 20%. This time they are coming for investors and it won't surprise me to see them double the tax rates of CGT to make them in line with income tax rates. Leave the UK while you can.
Well they can't do any worse than the Tories who have destroyed the country.
@@LawrenceTimme Wanna bet?
Whilst I hate to say it, but where is the logic in heavily taxing most UK workers (who ultimately contribute to our GDP and infrastructure and services and who strive to get 50K+ incomes) far more heavily than investors who just pay max 20% CGT for sitting on their a***s?
@@steve6375 the average investor has worked to earn the money to invest, paid income tax on that money and takes the risk for investments going down as well as up. They are not sitting on their arses as you say.
@@steve6375 They do it because PAYE is a sitting duck and so easy to tax. The problem with capital gains is it's unpredictable for the politicians, because it only applies when you liquidate the asset, and you are under no compulsion to do that. So screwing people on income tax is easier and gives an immediate return. Of course, politicians are then under no compulsion to use that money carefully, productively, and wisely. Easy come, easy go...
#Bitcoin!
Anyone else catch that smaller clip? 😂
Just abolish stamp duty and uk investors would be all over it.
the fact you can buy those equities on other exchanges aswell minus the stamp duty. Uk equities have almost zero appeal
Great stuff! Clear and concise as always. Unlike the clowns that rule us. 🤡
Reform is the only solution if people want to keep more of their money.
Load up on Persimmon Homes...
Persimmon homes have the lowest quality of all the house builders. Buy any other one😊
I spread across 6 different house building stocks and am now 10% up on average. Ocado has also done well for me.
Whatever you do don't listen to Starmer. He has no idea, never having worked in any area that actually produced anything useful.
Communist Starmer
Eugh.
I’m not voting for either major political party. I’m voting for Corbyn in the coming election. However I think labour will win though
Commissar Corbynov?
@@LawrenceTimme he stands against genocide
You're having a laugh if you think your life will be better under Corbyn. If you truly care about keeping more of your money and your family's money you will vote Reform. Otherwise, have fun staying poor.
@@user-op8fg3ny3j He does, which is great, but he'd be far more radical in milking you out of every penny.
Hey Mitch, do you have an instagram account. Someone with your account messaged me but I blocked them cause I didn’t think it was you?
Hey, I do but there are lots of scam accounts unfortunately! I’ll never message you first so please ignore them. My account is just @mitchinvesting, but I’m aware of some other variations so please check!