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​​​Is now the right time to ‘buy the dip’ in stock markets? ×

mel12345uk

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  1. mel12345uk
    Hi I am relatively new to ISA investing. The last year (ISA year 2020-2021), I opened my ISA and invested £20k. One of my share picks has done exceptionally well, and I now sit at a profit of £30k. If I were to sell my investment and realise the profit, I understand that it would be tax-free; however, if I chose to reinvest that money into the same or different company, would my investment go towards my ISA 2021-2022 allowance? The reason I want to make sure is the company that I invested in has taken a dip recently, and I wanted to know how best to sell and if the price was to fall further rebuy the shares as it has strong long term potential. Thanks Mez

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