Anyone buy HBOS shares?

[topless_mx5]

I have no experience of stock market trading but am considering buying £100 or so worth of HBOS shares. Prices back down to near 200p now.

Am I stupid to do this? Obviously nothing can be predicted and this is a bit of fun also, but if HBOS survive this 'recession', it may pay off in the future.

[Fidgits]

just like any other share - its a gamble... and should be treated as such...

just spend what you can afford to lose.. you might win.

[davy9449]

Personally I am going to see where they end up by close of play today and may invest in some more tomorrow. I've lost over a quid a share after buying last month so trying to recoup my losses slightly!! Watch this space!!

[tburfield]

Not worth it for £100 worth...the commision to buy and sell the shares will kill any profit.

Need to spend more to see any benefit, and you could still be in for a rocky ride, as the banking sector will see more casualties yet.

[buddhabelly]

http://www.pistonheads.com/gassing/topic.asp?h=0&a...

[Fittster]

How much commission are you going to have to pay?

Would a spread bet be a cheaper option?

Edited by Fittster on Tuesday 16th September 10:27

[Welshbeef]

Fittster said:

How much commission are you going to have to pay?

Stamp duty IIRC £15 odd
Broker fees buying fees
Broker selling fees.

In all honesty youd need a massive % increase to cancel out the fees - instead you shouldnt really invest in any single stock with less than £1k and even thats low.

If you only have £100 to risk then go for a Unit trust instead thats Far cheaper

[chris_w666]

My Bullbearings account is currently showing I have made a loss of £190,000 on my HBOS shares I bought yesterday.


Thus rendering me bankrupt

Glad its not real though even if I could afford to lose that much it would be heart breaking.

[Samcat]

I've just bought £25,000 worth of HBOS shares at 202p, it was with my Bullbearings account though!!

[Deva Link]

chris_w666 said:

My Bullbearings account is currently showing I have made a loss of £190,000 on my HBOS shares I bought yesterday.


Thus rendering me bankrupt

Glad its not real though even if I could afford to lose that much it would be heart breaking.

How many did you "buy" - a million of them?

[chris_w666]

Deva Link said:

chris_w666 said:

My Bullbearings account is currently showing I have made a loss of £190,000 on my HBOS shares I bought yesterday.


Thus rendering me bankrupt

Glad its not real though even if I could afford to lose that much it would be heart breaking.

How many did you "buy" - a million of them?

Nearly. My online gambling history reads like a Northern Rock balance sheet and as a share trader my money would last about 10 minutes. I shall be buying grass cuttings as my next investment.

[Slaav]

Just consider us mere mortals that have lost money for real on these g1ts.

OK not too many actual shares but had/have a lot of options that were change life around money! Not any more

[topless_mx5]

Welshbeef said:

Fittster said:

How much commission are you going to have to pay?

Stamp duty IIRC £15 odd
Broker fees buying fees
Broker selling fees.

In all honesty youd need a massive % increase to cancel out the fees - instead you shouldnt really invest in any single stock with less than £1k and even thats low.

If you only have £100 to risk then go for a Unit trust instead thats Far cheaper

Whats a unit trust? All I seem to find on Google is something about ISA's. I'm a complete noob at this.

I can only really afford to lose £100 at the moment to be honest.

HBOS down to 195p...

[topless_mx5]

Make that 173 and dropping, how exciting...

[trooperiziz]

topless_mx5 said:

Welshbeef said:

Fittster said:

How much commission are you going to have to pay?

Stamp duty IIRC £15 odd
Broker fees buying fees
Broker selling fees.

In all honesty youd need a massive % increase to cancel out the fees - instead you shouldnt really invest in any single stock with less than £1k and even thats low.

If you only have £100 to risk then go for a Unit trust instead thats Far cheaper

Whats a unit trust? All I seem to find on Google is something about ISA's. I'm a complete noob at this.

I can only really afford to lose £100 at the moment to be honest.

HBOS down to 195p...

To be honest, if you can only afford to lose £100, the I respectfully suggest that you can't actually afford to lose that £100 either...

[blindswelledrat]

trooperiziz said:

To be honest, if you can only afford to lose £100, the I respectfully suggest that you can't actually afford to lose that £100 either...

Perfect reply.

[Welshbeef]

topless_mx5 said:

Welshbeef said:

Fittster said:

How much commission are you going to have to pay?

Stamp duty IIRC £15 odd
Broker fees buying fees
Broker selling fees.

In all honesty youd need a massive % increase to cancel out the fees - instead you shouldnt really invest in any single stock with less than £1k and even thats low.

If you only have £100 to risk then go for a Unit trust instead thats Far cheaper

Whats a unit trust? All I seem to find on Google is something about ISA's. I'm a complete noob at this.

I can only really afford to lose £100 at the moment to be honest.

HBOS down to 195p...

Frankly if you dont know what they are you shouldnt be even thinking about investing you need to read up on them to understand them.

Forget about the ISA Unit trust as it can be taxed or untaxed depending on if you put it into an ISA or not.

Unit trusts are the easiest & cheapest way to get into stock market investment which will/should give you full diversification.
IIRC you need to hold 29 different stocks from the different sectors to be fully diversified and due to buy & sell costs actual individual shares that would be a min of £29k.
With unit trusts its a managed fund - the unit trust isnt physically on the exchange basically its the "share" price of the assets within the fund - be it commercial prop, gold, oil, Telecoms, banks - or what ever. There are thousands of different Unit trust funds all offereing different sectors & more importantly different fund managers, some mgrs have a history of being lucky others not as good others have LONG history of beating the markets.

Unit trust fees will be annual/qtr/monthly all depending and each one will be slightly different (generally the better the Fund Mgr the higher the fee as he costs them more & the expectation that the fund will do better than others). It is quoted as a % fee and will be deducted from the dividends you will earn.


Please dont buy any unit trusts/OEIC's until you have fully read up and understand them.


Finally Unit trust is the simplest & lest risky of getting into equity, buying individual shares is the most risky (unluckily for me in this instance I have lots of individual shares and not many unit trusts) basically if it goes bust you lose 100% - in a unit trust it would be pretty spectacular if every asset suddenly was worthless - but still in theory possible).

[topless_mx5]

Sounds like good advice. I shall do some reading up, thanks

[Grant76]

As of 12.30 they are trading at 173.5

Does anyone know where they were at their peek?

I've certainly lost a few quid on RBOS..

[anonymous-user]

Peak was 1130!