selling stocks etc with the intention of utilising the new(incoming) investing system in Ireland?
I read up that any changes to the tax rules on stocks / ETFs will not apply to existing positions so I’m thinking it may be wise to start selling a few in anticipation of utilising the new investing system when it’s eventually introduced. At least that way I’ll get full use of my €1270(X2 including the wife) tax free probably for this year and next by the time it starts.
The thing is, I have a few that have been pretty strong and have a decent PNL (Nvidia near ATH, meta, tsm etc) that I did plan on holding for a lot longer. But I don’t have much *spare* cash to invest without dipping into my regular savings.
I’m thinking it may be wise to: sell about €3000 worth now and again in January. That will leave me with roughly about €5800 into the hand after tax in the next ~8 months. I’d aim to invest 10k long term (10-13 years at least) and deposit regularly into it when it’s introduced, presuming it will be more competitive than standard ETFs at the moment.
Is this wise or is there something buried here that Iv missed?