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View Full Version : RBS look pretty doomed!

Admiral Huddy
10-10-2008, 16:40
Another big drop on the FTSE today (8.26%).. Looks like the global rate cut and bail outs aren't working as quick as expected

http://newsvote.bbc.co.uk/2/shared/fds/hi/business/market_data/overview/

Went down under 3900... 3000 by christmas anyone?

At 72p, you might be able to grab a bargain Monday. There's no way the the Government will allow this bank to fail because of their massive global asset value. If they do, well kiss your jobs good bye!!

HBOS and Schroders also hit hard today.
iCraig
10-10-2008, 16:46
I already have HBOS shares, and was tempted to buy some more on Wednesday when the market had tanked. Then it surged 60% and is tanking again, I think I need to call bottom soon before the bail outs filter through and bring these all back up.
Admiral Huddy
10-10-2008, 16:47
If you have HBOS.. keep them for long term divi payouts and recovery. Don't sell!
loki
10-10-2008, 16:50
Another big drop on the FTSE today (8.26%).. Looks like the global rate cut and bail outs aren't working as quick as expected

http://newsvote.bbc.co.uk/2/shared/fds/hi/business/market_data/overview/

Went down under 3900... 3000 by christmas anyone?

At 72p, you might be able to grab a bargain Monday. There's no way the the Government will allow this bank to fail because of their massive global asset value. If they do, well kiss your jobs good bye!!

HBOS and Schroders also hit hard today.

I don't think it will hit 3000 but I think next week might see another 100 points shaved off teh FTSE before the real recovery begins. The meeting of the G7 is vital to getting some confidence back into the market and get them lending again.
iCraig
10-10-2008, 16:54
If you have HBOS.. keep them for long term divi payouts and recovery. Don't sell!

No no, I was going to buy more whilst they're so cheap.
Matblack
10-10-2008, 16:55
So if I open an account here http://www.iii.co.uk/ and buy £100 of RBS shares I will make free money?

MB
Admiral Huddy
10-10-2008, 16:58
So if I open an account here http://www.iii.co.uk/ and buy £100 of RBS shares I will make free money?

MB


If they go up.. but by them for long term investment.. The banks will make hefty profits and you'll get divi payouts at some stage. Our bank has made more over the last nmonth than over the year.. What does that tell you?

Barclaystockbrokers ftw ;)
Desmo
11-10-2008, 10:06
So if I open an account here http://www.iii.co.uk/ and buy £100 of RBS shares I will make free money?

MB
Did you do this MB? Must admit I'm quite tempted. Whilst we don't have tons of spare cash sitting around, I could find some to invest and it's not a massive gamble. I've also already got a share account setup for when I got some Standard Life shares so it's no hassle to do either.
Matblack
11-10-2008, 10:22
No and after reading some forums I'm not about to, its money that given the current state if the economy is better off going towards paying off our mortgage. Its not that I don't believe there is money to be made, but getting rid of our mortgage will make for more opportunities to 'play' with the market later

MB
LeperousDust
11-10-2008, 14:35
Hmmm what about me then? I don't have a mortgage, but i have spare money (kinda) flying around already. Where did you read around MB? I'm intrigued by this since i missed out on the last HBOS round :p. Also after learning that banks merely just "make" money i feel they're in an even stronger position ;).
Matblack
11-10-2008, 14:38
Try www.iii.co.uk

MB
Belmit
11-10-2008, 14:39
Hmmm what about me then? I don't have a mortgage, but i have spare money (kinda) flying around already. Where did you read around MB? I'm intrigued by this since i missed out on the last HBOS round :p. Also after learning that banks merely just "make" money i feel they're in an even stronger position ;).

I'd like to know too as I'm in the same position. Would I just be better off putting it straight into my ISA? I try to put the full amount in each year but this year I've yet to put any in at all. :(
Matblack
11-10-2008, 14:41
It would be more secure to put it on a managed share ISA and at this point of the market is would probably do quite well, dumping it all in a single bank which may or may not be a good idea

MB
LeperousDust
11-10-2008, 14:47
Essentially then the ISA is guaranteed growth, but the bank has more risk with more gain involved and the possibility of it going *** up?
Matblack
11-10-2008, 15:01
The trick is to remember that NO ONE can second guess the market, people can make educated guesses but no one KNOWS what it is going to do. At the moment the market is lower than it has been but that doesn't mean it won't go lower and it doesn't mean it will recover to the levels it has been at for a long time possibly ever.

By taking a diverse portfolio through a managed product you spread your risk which means you won't make or lose as much as you could if you bought one share but you'll win over all if the market goes up generally.

The trick is always not to invest what you can't afford to lose.

MB
LeperousDust
11-10-2008, 15:09
Signed up but they send your tempory password by snail mail so i won't get it in time for monday obviously anyway. About investing what you can't lose essentially its just betting really just not on horses/football/dogs...