10-13-2014, 01:58 PM
RoadMap - Thanks for your commentary and advice. To clarify I'm intending to buy another 4 positions at $1000 a piece ($4000) up to June 2015 and then another 4 $1000 a piece up to June 2016.
My main problem is finding enough capital to invest and get a decent holding (I pay $18 share comission)
DividendWatcher - Exxon and MCD are bought in $ on the American stock exchange and are held in a Tax Free NISA. The only tax I would pay on these are if I were to sell them and make a profit (Capital gains tax). I pay no tax on the dividend as all dividends are re-invested. I am charged a 1% reinvestment fee. E.g value of re-investment is $100 I pay $1.
I would only be charged an exchange rate if I were to receive the dividends as cash payments. All other stocks are LSE stocks bought in £ sterling bar GAZP which is an ADR.
Hope this clears things up
My main problem is finding enough capital to invest and get a decent holding (I pay $18 share comission)
DividendWatcher - Exxon and MCD are bought in $ on the American stock exchange and are held in a Tax Free NISA. The only tax I would pay on these are if I were to sell them and make a profit (Capital gains tax). I pay no tax on the dividend as all dividends are re-invested. I am charged a 1% reinvestment fee. E.g value of re-investment is $100 I pay $1.
I would only be charged an exchange rate if I were to receive the dividends as cash payments. All other stocks are LSE stocks bought in £ sterling bar GAZP which is an ADR.
Hope this clears things up