I have to admit it: I am a creature of habit! When I blog, I generally do it before going for my daily walk along the South West Coast Path – not the other way around.
Another thing I do is to check my equity portfolio on Google Finance. This can lead to me taking actions on it. Yesterday and today I increased my shareholding in Rio Tinto PLC (RIO) and decreased (slightly) my shareholding in Phoenix Group PLC (PHNX).
I acted at this time for there can be a beneficial synchronicity when a stock one is thinking of selling is up and a stock one is thinking of buying is down. This happened yesterday and today which caused me to sell 2,000 PHNX and buy 300 RIO. Today I purchased an additional 100 RIO for cash. This increases my holding to a satisfactory level. This because I am overweight in PHNX and this is not an ideal situation (eggs in baskets). Although still overweight, I do NOT intend to further reduce my position in PHNX as it is an excellent and stable dividend stock.
My capital gain on PHNX was well under £1,000 and thus less than a third of the present £3,000 CGT allowance and way below the £50K reporting limit set by HMRC.
I made an additional cash investment in RIO today as I will reinvest the capital gain and also to remove the negative impact of the buy and sell costs. This because I am not going to reduce my capital – that is what constitutes my income besides the state pension.
There is a BIG difference in the size of these companies. RIO has a recent Market Capitalisation of £69.75 Bn (https://companiesmarketcap.com/gbp/rio-tinto/marketcap/#google_vignette) whereas PHNX has a recent Market Capitalisation of £6.6 Bn (https://companiesmarketcap.com/gbp/phoenix-insurance/marketcap/).
I am bullish about RIO although investors have to be aware that “miners” like RIO are inherently volatile stocks.
A US corporate investor is of a similar opinion (https://www.defenseworld.net/2025/06/19/farther-finance-advisors-llc-purchases-785-shares-of-rio-tinto-plc-nyserio.html).
Herewith a link to Rio Tinto PLC’s website: https://www.riotinto.com/
In your position having benefitted fron CG but only a third of your allowance, I would have made further sell and buys to utilise the other two thirds of your GG allowance. Note your new purchases reset the CH clock.