Bank shares - would you?

[Simpo Two]

The 22/23 ISA allowance needs to be invested somewhere. I wasn't planning to buy any bank shares, but seeing as they've had a battering after the demise of SVB, are they a 'bounce-back' opportunity like the shares in PH Recovery, or are they basically knackered for the forseeable? Ideally I'm looking for good dividend payers, or something that is likely to rise in value, or both...

Edited by Simpo Two on Saturday 25th March 17:20

[Simpo Two]

Thank you all for your thoughts. They match the experience of a friend who inherited about £80K in (high street) bank shares about 15 years ago; they fell to about £30K. I still don't think they're back to where they were, but he says 'They'll come back eventually' and 'They'll pay dividends one day'. Maybe he doesn't want to crystallise the loss, but I'll avoid the loss in the first place and try to find a better home for £20K. (sensible thoughts welcomed)

[Simpo Two]

xeny said:

Simpo Two said:

try to find a better home for £20K. (sensible thoughts welcomed)

If I don't have a specific idea for some money but want to put it in equities, I by default put it in VWRL or similar. If I don't feel comfortable about that, I question if now is a time when I want to increase my equity exposure.

I think that's a very good summary. It's easy to think 'OMG I must invest in something by X date', when in fact no, all you need to do is move cash over. I had Vanguard in mind as a 'sensible Plan B' - but the question is, given what we know, is now a good time?

[Simpo Two]

jeff m said:

When a sector gets "hit" because of couple of companies there is usually hope of a correction. Banks are a little different, I know, but the finance sector is more than just banks..

I'm swinging towards mining; a cousin of mine holds a lot of Rio Tinto and is pleased with them. Which brings us onto the new 'gold' - lithium and the rare earths...

[Simpo Two]

vulture1 said:

jeff m said:

Simpo Two said:

jeff m said:

When a sector gets "hit" because of couple of companies there is usually hope of a correction. Banks are a little different, I know, but the finance sector is more than just banks..

I'm swinging towards mining; a cousin of mine holds a lot of Rio Tinto and is pleased with them. Which brings us onto the new 'gold' - lithium and the rare earths...

RTZ is now into renewable energy, or so they say;), , good dividend history,
Lithium, I think everyone has made money with Lithium except me

What Lithium are you in.

To date I have been in
bcn and obviously forced sell but made 30% or so
Lac still hold 50% but sold half at 100% or so
Zinwald currently down 30%
Piedmont be in and out at various profit levels current back in and up 10%
Kodal currently 90% of original investment as skimmed 10% off from current levels

Overall Lithium has been good to me.
Don't know how much more it has to go.

Rather than dabble in individual stocks, would there be a choice of funds that specialise in the area of what one might call 'new mining'?

[Simpo Two]

Interesting chart, thanks. If I have a choice I'd rather invest in something at the bottom of the cycle than the top! But if it was simple everybody would do it...

I'll see what Fidelity have in the toybox on Monday.

[Simpo Two]

vulture1 said:

Current lows (but could go further) natural gas. I've been buying more and more of the wisdom tree etf for it.

Wisdom Tree is a new one to me! https://www.wisdomtree.eu/en-gb/products

Any disadvantage of being US based, other than the usual £/$ issues?