So my query is this, I am using my stocks and shares ISA to the full amount, but want to also use the Invest Account to save my cash buffer, but I don't want to end up in bother with the HMRC, so if I generate profits in that account, what are the allowances or limits before the taxman wants their pound of flesh?
Curious as to what I can invest in to hedge against a major market fluctuation.
I'm 49, only just started, £10k lump sum, £420 per month for DCA into VWRP main and a few others, all accumulating.
I know I'm late to the party but as with a lot of people this isn't very mainstream or taught in schools etc
I'm trying to secure enough money to drop down to part time working in my older years, I see that as a win as I know my time for compounding is limited.
But there's been a huge shift and talks of moving away from using the dollar and central banks increasing their buying of gold, is there any investment strategies to hedge my bets so to speak?
I will keep the autoreinvesting into VWRP regardless but as I've learned on here and other sources a more diversified portfolio helps smooth out a lot of the market volatility.