HBOS falling hard.. this could get nasty

[Wryel]

Originally Posted by Mark

Only thing I know about having to do with AIG is our works' travel insurance. I don't have any insurance from the high street so I'm safe there too.

I work for Rothschild

[flump]

Originally Posted by Wryel

I work for Rothschild

RAM man eh?

[Nutcase]

All my accounts, insurances and credit card apart from car insurance and mortgage are with Halifax.

Personally I'm not concerned, as has been pointed out, the government CAN'T let HBOS fall.

[phykell]

Originally Posted by flump

RAM man eh?

Are you raking it in then Flump? What happened to the heads-up you were supposed to give me so I could buy at the right time?

Not that I even have a stock-broker I could just ring and buy shares through - how do you do that anyway?

[Garp]

Originally Posted by phykell

Are you raking it in then Flump? What happened to the heads-up you were supposed to give me so I could buy at the right time?

Not that I even have a stock-broker I could just ring and buy shares through - how do you do that anyway?

I was looking into this kind of thing a couple of months ago, but with a move to Hawaii potentially on the books it was just one hassle I figured I could do without.

You need some kind of share trading account set up. There are numerous places on line that will allow you to buy and sell accounts, but charges change depending on how much business you do. MoneySupermarket.com has a good way to compare different accounts out there.
Be aware of making too much money though, or you'll fall afoul of Capital Gains Tax:

Originally Posted by http://www.moneyweek.com/investment-advice/how-to-invest/five-ways-to-cut-the-cost-of-investing.aspx

Share trading: use your capital gains allowance

There are a few simple ways to avoid paying too much tax on share trades. If you’re fortunate enough to make capital gains during the fiscal year (the current one runs from 6 April 2007 to 5 April 2008), consider taking advantage of capital-gains tax concessions. It means that the first £9,200 of profit on any disposal is tax-free. Each person gets one allowance per tax year and it works on a ‘use it or lose it’ basis. So consider cashing in some investments each year to ensure the allowance isn’t wasted, but bear in mind that you should never allow your investment decisions to be driven solely by tax considerations. Another vital point to remember is that losses can be carried forward and used in subsequent years, so keep a careful note of them. If in doubt, an accountant or broker can help, or phone the tax office on 0845 900 0444.

[flump]

Originally Posted by phykell

Are you raking it in then Flump? What happened to the heads-up you were supposed to give me so I could buy at the right time?

Not that I even have a stock-broker I could just ring and buy shares through - how do you do that anyway?

I'm working for the SIVs at the moment, so no! It's so illiquid you can see cracks appearing in the pavement. The world has changed 3 days in a row now, no reason to think it's going to stop changing anytime soon. Although it's risky (the Fed with it's rescues etc is basically making the shareholders pay by wiping them out) a good day trade is probably the biggest short-term prize at the moment for the private investor. Mind you things are so volatile you could almost day trade a couple of spot FX at the moment...

[Wryel]

Originally Posted by flump

RAM man eh?

Desktop support!

[flump]

Originally Posted by Wryel

Desktop support!

Do you know a Mr Baptiste by any chance?

He's some kind of techie there too I believe...

[cheets]

Greed is Good

[cheets]

My main worry is work, after seeing a well established place get shut down for no reason linked to the CC 300 people out of work in less than 5 weeks.

Glad I have just gone back to college for 2 years, everything should be sorted for when I leave.