OK so i've taken the plunge on RBS shares - what now?
Discussion
Sorry if this should have been tagged on to the other RBS share thread but i'm after specific advice.
I'm totally new to the share game so have used Barclays as a broker as I knew I could trust them (Well, at least I could trust them a bit!)
I've bought £5000 worth but don't want to leave it in long term. As it stands at the moment i've made about £900 over 24hrs.
How do I play it if I want to cream that £900 off the top and leave the rest in to see what happens? Do I just sell 5000 shares and bank that value or do I sell ALL the shares then buy back in or what?
I would appreciate any advice from the guys on here who know their onions.
Thanks
BB
I'm totally new to the share game so have used Barclays as a broker as I knew I could trust them (Well, at least I could trust them a bit!)
I've bought £5000 worth but don't want to leave it in long term. As it stands at the moment i've made about £900 over 24hrs.
How do I play it if I want to cream that £900 off the top and leave the rest in to see what happens? Do I just sell 5000 shares and bank that value or do I sell ALL the shares then buy back in or what?
I would appreciate any advice from the guys on here who know their onions.
Thanks
BB
You could sell them all and buy back in (will get two transaction fee's for this) or sell £900 worth, thus leaving in £5k (at the price you are doing your maths).
This would incur just one transaction fee but you'd still need to do the paperwork with the share certificate (if you have the physical certificate).
I'm not a Financial Adviser, but that's what I would do if I wanted £900 out of it.
All shares are a gamble at the mo so I hope you're playing with money you can afford to lose. A mate got in to RBS a couple of weeks back when they were "an absolute bargain" and has lost £8k so far.
This would incur just one transaction fee but you'd still need to do the paperwork with the share certificate (if you have the physical certificate).
I'm not a Financial Adviser, but that's what I would do if I wanted £900 out of it.
All shares are a gamble at the mo so I hope you're playing with money you can afford to lose. A mate got in to RBS a couple of weeks back when they were "an absolute bargain" and has lost £8k so far.
Bought Barclays and Lloyds this morning, sold an hour later.
Materialise your profit of £900.
You've then still got your £5k.
See if you can turn the £900 into the £5k (that's the tricky part)
All of my trading came from one initial freak trade, where I purchased some shares that doubled overnight. I then sold, got my initial stake back, and trade the rest. 5 years on, i'm not doing too bad IMO.
Materialise your profit of £900.
You've then still got your £5k.
See if you can turn the £900 into the £5k (that's the tricky part)
All of my trading came from one initial freak trade, where I purchased some shares that doubled overnight. I then sold, got my initial stake back, and trade the rest. 5 years on, i'm not doing too bad IMO.
Neil_H said:
To be honest if you have to come on here to ask that question, you should just sell them all and keep your profits.
Well I didn't know where else there would be a load of people with good knowledge of the subject matter that could anonamously give advice.ERRRRR that's why I asked...........
quotemehappy said:
If RBS need another lifeline from the government then your shares could become worthless overnight, but £900 profit isnt bad going, perhaps you can reinvest the profits when you sell into other shares, dsg seem a decent punt as do Lloyds.
I'm hoping to make the same each day for a few days and then buy a Westfield i've had my eye on!Not really into long term investments, I've got pensions and ISA's with people doing all that for me.
dirty boy said:
Bought Barclays and Lloyds this morning, sold an hour later.
Materialise your profit of £900.
You've then still got your £5k.
See if you can turn the £900 into the £5k (that's the tricky part)
All of my trading came from one initial freak trade, where I purchased some shares that doubled overnight. I then sold, got my initial stake back, and trade the rest. 5 years on, i'm not doing too bad IMO.
Materialise your profit of £900.
You've then still got your £5k.
See if you can turn the £900 into the £5k (that's the tricky part)
All of my trading came from one initial freak trade, where I purchased some shares that doubled overnight. I then sold, got my initial stake back, and trade the rest. 5 years on, i'm not doing too bad IMO.
Went in at the end of last week as Lloyds and Barclays got a hammering as the sentiment was completely nuts and pitched in with £7,000 of savings. Came good and I caught the lovely 70% upswing.
Remembering "never look a gift horse in the mouth" so pulled the £7000 out which is now safe and using the gains to trade with. Looking at holding them in the short term as I think barring a meteor strike, the very worst is over for banking and they are looking grossly under-valued.
With shares, unless you really are Gordon Gecko greedy b
d offspring, you will lose out eventually.If you lose, you haven't lost your initial investment.
It's still far too volatile to put all your cash in one place, you are up, take your initial investment.
If you really don't need it the cash to hand now, seek IFA. My advice is not IFA but I'm looking at some bonds, Child Trust for the nipper and also a deposit to invest in another Fidelity corporate fund.
Generally you should look to add to winning trades. But with just one share that's extremely risky.
At the very least you might want to think about moving some of your risk into Lloyds and Barclays to spread it across the banks.
But the bottom line is if you're not happy losing the 5k, then sell them all out and go to the pub !!
At the very least you might want to think about moving some of your risk into Lloyds and Barclays to spread it across the banks.
But the bottom line is if you're not happy losing the 5k, then sell them all out and go to the pub !!
TBH, if it was me, I'd leave £900 in RBS shares and get the rest out.
I bought in to them last week purely as a punt (wont lie, I have nowhere near your level of cash to play with, but I figured I could pallet losing £50). I bought them for a long termer, money I could afford to lose but that could turn in to a really nice holiday in 5yrs if the markets recover. (Queue Mr Watson with a comment along the lines of "do you really think they'll have recovered to 2007/2008 levels in 5yrs, what makes you think so..."
)
Bought in to Lloyds when they were at 38ish because they seemed a more sound long term investment with a deflated price due to market sentiment driven by fear of what ailments HBOS may be hiding.
I bought in to them last week purely as a punt (wont lie, I have nowhere near your level of cash to play with, but I figured I could pallet losing £50). I bought them for a long termer, money I could afford to lose but that could turn in to a really nice holiday in 5yrs if the markets recover. (Queue Mr Watson with a comment along the lines of "do you really think they'll have recovered to 2007/2008 levels in 5yrs, what makes you think so..."
)Bought in to Lloyds when they were at 38ish because they seemed a more sound long term investment with a deflated price due to market sentiment driven by fear of what ailments HBOS may be hiding.
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