The up-to-date year isa 2025-26 is not far away, which means that investors like me will receive a up-to-date limit of tax-free contribution in the amount of $ 20,000 to try to build a long-term wealth.

Here are three things that I do when ISA New Year is approaching.

It should be remembered that tax treatment depends on the individual circumstances of each client and may change in the future. The content in this article is provided only for information purposes. It is not to be, nor does it constitute any form of tax advice. Readers are responsible for implementing their own diligence and obtaining professional advice before making investment decisions.

Looking back

He looks back to review my strategy. What worked? Or maybe more importantly, not? I already know one thing that has not worked for me in the last 12 months. This doubled companies where the basic foundations did not improve.

Take the giant giant Diageo (LSE: DGE), for example. This is FTSE 100 The supplies I had for a long time, although they did not occur, as I expected. This fell by 47% in three years.

The company was achieved by a number of challenges, including high inflation, destitute demand in Latin America and more and more sober General Z.

Despite the warning about tough trade conditions, I decided that the legendary brands of the company – including GuinnessIN TanquerayAND Johnnie Walker – At some point it would be the position of general growth.

Meanwhile, the supplies looked good and the dividend efficiency increased to 3.5%. So I bought more shares in July for £ 23. Price now? About 12% lower at 20.22 £!

The thing is that diagueo still looks great on paper. The price for profit is 15 and the forecast dividend performance is 4%. Perhaps the bottom is inside and sales will enhance.

However, after years of worse results, my patience finally ended and I sold my actions. But I hope that I have learned my lesson from this value trap – avoid double the fight when there is no sign of recovery on the horizon.

In addition, the British side of my portfolio has not been doing very well over the past year. Ashtead technology AND Wivo They achieved worse results, like most other actions listed on the list of goals. So I will not quit good money after doing the fight for petite atmosphere.

Waiting for something

So what do I plan to do differently in the following year? Well, this is the opposite side of not adding to my losers. This means that I plan to add to companies in my portfolio that are doing well and become stronger.

Some stocks I think about Intercontinental Hotels Groupchipmaker Production of semiconductors in Taiwan (TSMC) i ToastA cloud based on restaurant management. I would like to add to them in current valuations.

However, there is a reservation: valuation. There are other companies that I would like to have more shares, but not at the current price.

Examples include Intuitive surgicalIN ShopifyIN Games WorkshopIN Ferrariand a company dealing with cyber security Crowdstrike. All excellent companies with sturdy competitive benefits, but their current market values ​​already reflect it. So I will wait patiently to add to them.

Diversification

Most of the above names are growth supplies. To stop my portfolio from unbalanced, I plan to develop high -performance dividends. Although no payment is certain, I like the appearance Legal and general With FTSE 100 now. This gives a delicious 8.7%.

In similar lines I plan to delve into the investment manager M & G A little more, while its performance is above 9%. This level of income can lend a hand enhance my ISA returns over the next 12 months.