Bank shares

[MoonMonkey]

Currently having a debate in the office whether it's a good opportunity to take a punt in LLOY, RBS and BARC shares. None of us have any expereience to speak of so wondering what the general consensus is of the PH masses. We're only talking relatively modest outlays here say £500 - £1,000 on each....

[ShadownINja]

There's several threads. See what's happened with punts from the inexperienced...

[off_again]

Money to lose? Then fine, take a GAMBLE.

Can't afford to lose the money? DON'T GAMBLE.

Better off spanking a load on some sporting events. Leave the share dealing to the experts in my view. But, then again, this might explain why traders and bankers are considerably richer than me!

[Rude-boy]

off_again said:

Money to lose? Then fine, take a GAMBLE.

Can't afford to lose the money? DON'T GAMBLE.

Better off spanking a load on some sporting events. Leave the share dealing to the experts in my view. But, then again, this might explain why traders and bankers are considerably richer than me!

I think you missed that boat...

[Rude-boy]

ShadownINja said:

See what's happened with punts from the inexperienced...

I haven't seen many really bad posts. Sure a few who have lost money they could afford or all their profit, but nothing OMGish.

[Austin.J]

bought 30 quids worth of hbos shares when they were at 38p, there now at 109p

Wish i'd of bought more

Edited by Austin.J on Friday 6th February 15:00

[Welshbeef]

Austin.J said:

bought 30 quids worth of hbos shares when they were at 38p, there now at 109p

Wish i'd of bought more

Edited by Austin.J on Friday 6th February 15:00

? But the trading costs are £15 a pop... utterly pointless.

[clanger]

Austin.J said:

bought 30 quids worth of hbos shares when they were at 38p, there now at 109p

Wish i'd of bought more

Edited by Austin.J on Friday 6th February 15:00

Bought £1k worth of Barclays at £1.60 - now worth a quid(ish) - wish I'd bought less

[Austin.J]

Welshbeef said:

Austin.J said:

bought 30 quids worth of hbos shares when they were at 38p, there now at 109p

Wish i'd of bought more

Edited by Austin.J on Friday 6th February 15:00

? But the trading costs are £15 a pop... utterly pointless.

1st time i'd even looked at share prices, never mind bought any.

Just wanted to try it, will spend more money on it at a later date when i get the hang of it.

[barney123]

Austin.J said:

Welshbeef said:

Austin.J said:

bought 30 quids worth of hbos shares when they were at 38p, there now at 109p

Wish i'd of bought more

Edited by Austin.J on Friday 6th February 15:00

? But the trading costs are £15 a pop... utterly pointless.

1st time i'd even looked at share prices, never mind bought any.

Just wanted to try it, will spend more money on it at a later date when i get the hang of it.

Bought LLOY & RBS.

Made £166 on £1500.

Should have left the LLOY where it was would have made another £100.

Oh well

[Skyedriver]

Anyone want to buy my LLoyds shares for what I paid for them, back a few months ago when they wouldn't drop more than they were

















£2.70..........

[L4MBOLUV3R]

im no expert but i would say the time to strike is now. go across all the big banks. providing they dont bottom out when the economy picks up in the distant furture you should make a killing. tbh though im looking at gold. will always keep its value.

http://www.kitco.com/market/

[d8ean]

L4MBOLUV3R said:

im no expert but i would say the time to strike is now. go across all the big banks. providing they dont bottom out when the economy picks up in the distant furture you should make a killing. tbh though im looking at gold. will always keep its value.

http://www.kitco.com/market/

where else can you buy gold apart from that bullionvault jobbie?

Edited by d8ean on Friday 6th February 15:35

[anonymous-user]

Skyedriver said:

Anyone want to buy my LLoyds shares for what I paid for them, back a few months ago when they wouldn't drop more than they were

















£2.70..........

I bought some 10 years ago at £9 a pop so think yourself lucky!!! At least they pay good dividends!!! oh st!

Edited by anonymous-user on Friday 6th February 15:39

[ThatPhilBrettGuy]

Have my standard reply :-

Dear Internet,

Please tell me how to invest my money, as I'd rather listen to the advise of 100 random people I don't know than do something sensible with it.

Regards

Mr Nutter

[Welshbeef]

ThatPhilBrettGuy said:

Have my standard reply :-

Dear Internet,

Please tell me how to invest my money, as I'd rather listen to the advise of 100 random people I don't know than do something sensible with it.

Regards

Mr Nutter

Yep then buy £30 worth of a single share not unit trust & not be aware of the buying & selling costs....


Anyone here who is going to invest in any equity be aware investing in a single stock is the most risky thing you can do basically as it can go bust.

If you bought say a FTSE/any stock market tracker then its based upon x qty of companies there is zero chance that every company will go bust.
If you buy a Unit trust in say financial services its far less risky than individual stock as its far less likely the entire financial services will be worth £0.

Finally if you only have £30 to gamble sorry you cannot invest the minimum to invest is £50 and with that I'd buy a unit trust the buying /selling/mgt of the fund is taken into accont by the Unit trust price.

Honestly though if your wanting to buy a single stock you really need to be buying a minimum of £1k in a single stock - remember with buying & selling costs the return you'd have to make would have to be so large any smaller amount it would take a miracle for it to happen.

Good luck but given what everyone has posted so far DON'T do it - you all need to read up a hell of a lot about all the potential investment vehicles the pitfalls the fees and of course if you make >£9.5k capital gains OR receive dividends... then your going to have to start filling out self assesment forms and once they start thats it for life... So again if your only playing with tiddly sums just dont bother put them into P Bonds instead.

[audidoody]

Forget shares; Invest in property. Or not

[Mclovin]

property is finished for 10 years..
rents are falling as people leave the country..
gold is being ramped so a bubble that will eventually burst...
growth in shares stagnant...
inflation is greater than bank interest rates so any savings you have are being eroded...
the pound is tanking...
take a leaf out of the book of gordonomics...get into massive debt and let your offspring deal with it..or get a job as a banker or politician neither are ever accountable for their mistakes...

[okgo]

He could have spreadbet the same trade and made money and not have paid those fees...

[DeanVRS]

good prices were 2 weeks ago,i invested a grand in Lloyds at 45p as a first timer,now more then doubled up, so quite happy at my first attempt at share dealing.