Rubbish investment period? October '21 present

[Jon39]

HustleRussell said:

My dad said to me in 2015 when I came back from an overseas assignment- "Take some of that money you've earned, buy Barclays and Lloyds shares... mark my words rodders, this time next year you'll be 20% up"

They have only twice been valued at a figure equal to that which I invested in the past 7.5 years, and even then only fleetingly.

Rightly or wrongly I have just rebalanced and bought more and similar, in a probably misguided effort to jailbreak that dead money and at least scrape even (let's not talk about inflation)

At least you can see the funny side.
Presumably, before acting on that guidance/hope/duff information, you knew that your father was a successful investor.

Here is the story - Banking in the 21st Century, shown with the market average (purple).





To raise your spirits Mystic Meg a 'forecaster' at Citigroup is very keen on banks.

'Citi reiterated its 'buy' rating on Lloyds, NatWest, Barclays and Virgin Money on Friday.
It noted that the banks all provided 2023 net interest margin outlooks that disappointed versus consensus expectations, mainly due to an assumed increase in deposit betas on higher customer switching.

"Our Deep Dive analysis on deposit migration and pricing suggests NIM guidance for Lloyds & NatWest is overly conservative, whereas Barclays looks more ambitious," it said.

Citi said its 2023 adjusted pre-tax profit forecasts for NatWest are 17% above consensus, Lloyds 7% above, Virgin Money 4% above and Barclays 2% above.'

(With deep dive, deposit betas and customer migration, that should be enough to convince their clients that they can foresee the future.) -

[HustleRussell]

Jon39 said:

Presumably, before acting on that guidance/hope/duff information, you knew that your father was a successful investor.

You'd think so, wouldn't you

Thanks for the info. Barclays the turkey among my holdings then.