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With March on us, it is now just a matter of weeks until the annual deadline of Isa.
Some people see that as a concern. But somehow I think it's an opportunity. After all, the deadline is for that contributes Money for an ISA. That money does not need to invest immediately (or even at any time soon).
In addition, the deadline sets the approval of the assignment of one year. But when a door closes, another opens immediately!
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Why the deadline can be useful
Instead of seeing the deadline for contribution as a persistent date in the newspaper, I see it as a useful point to stop and consider how my actions and actions are being carried out.
How much I put from one year to another can change depending on my circumstances at any given time. But what does not change is my goal: to review my ISA to learn from my mistakes and successes.
I can modify my investment strategy accordingly.
Eliminate low performance
For example, a part that I have in my ISA that has been little less disastrous so far is Boohoo (LSE: Boo).
When I bought it, I had already fallen considerably of the highest. Even so, he had demonstrated his business model, he was sitting in cash and had recently been very profitable.
How times change.
So what should I do?
On the one hand, the Boohoo that makes losses seems to wobble from one disappointment to another. The company continues to write to me about why letting the key shareholder Mike Ashley get too much involved might not be a brilliant idea. But while Ashley has created a lot of long -term value for shareholders in Phrasers GroupThe Boohoo Board has presided over a collapse in the price of shares.
On the other hand, if such an experienced retail magnate sees the possible value, and has put her money where her mouth is, maybe there really is hope for Boohoo.
It has a large customer base, an extensive infrastructure and has some known brands.
For now, plan to hold it. But taking the time to review my Holdings Isa seems to me a valuable exercise.
Sometimes, it can be time to say goodbye to low performance participation where perspectives seem faint. For now, Boohoo still makes the cut, but at some point I can decide that it is a lost cause.
In the search for bargains
Meanwhile, I'm still looking for great actions that I can buy at attractive prices.
For example, this year I have overcome my participation in JD Sports (LSE: JD).
With a price of the actions that falls, a feeling of the weak consumer that threatens sales and warnings of multiple profits during the past year, I hope not to be giving good money after bad.
But I still think that the sportswear retailer has the characteristics of a stock market star. It has a proven and profitable model. It has expanded aggressively and has a global footprint.
An ISA is a long -term investment vehicle, already long term, I am still optimistic about the perspectives of JD Sports.
(Tagstotranslate) category. Investing