[bobthebuilder]

Hi all

I would like to know if anyone else is buying rbs at the moment, or any banks for that matter.

I know the risks but at 25p, got to be worth a small punt?

I am aware i could lose it all.

Thanks in advance.

[HSvetz]

Well they were 10p in 2008 so not that much of a bargin maybe. Would have though Barclays were a better bet once they approach £1 again, at least they pay a dividend

[nohpc]

I have taken a position in the ETF XS7R which tracks euro including uk banks. My plan is to drip feed on panic drops. I thnk the only way to make decent money on the banks is to buy during capitulations.

The ETF spreads the risk

[oligotroph]

If I've learned one thing about investing its never buy something just because it looks cheap

[porca misèria]

oligotroph, on 08 October 2011 - 08:22 PM, said:

If I've learned one thing about investing its never buy something just because it looks cheap

Buy when the blood is running in the streets ...

I haven't bought bank shares since my last flutter on LLOY in the depths of 2008/9, which I sold for 104p in the summer of 2009. But I might be tempted again sometime soon.

[johnny5thumbs]

bobthebuilder, on 08 October 2011 - 05:15 PM, said:

Hi all

I would like to know if anyone else is buying rbs at the moment, or any banks for that matter.

I know the risks but at 25p, got to be worth a small punt?

I am aware i could lose it all.

Thanks in advance.

Wel - Lloyds are pretty much in the same boat, and I'm holding onto mine, despite advice from doomsayers. The upside potential is for them to more than double again, whereas the downside, if they folow Bradford & Bingley down the pan, is to lose 25p max. If you believe the upside is more likely than the downside over the medium term, then it's worth a punt. Depends if you believe Roubini's or Pytel's points of view.

I was given lots of 'good advice' here on HPC 2 or 3 years ago, recommending that I get shot of all my LandSecuties shares a.s.a.p. They've more than doubled since then (tripled at one point, and may well bounce back again soon), so I don't take all HPC predictions too seriously.

Ask Sibley ... if you can find him. At least he was a counter-balancing view, even if totally barking at times.

This post has been edited by johnny5thumbs: 09 October 2011 - 01:44 AM

[johnny5thumbs]

porca misèria, on 09 October 2011 - 01:14 AM, said:

Buy when the blood is running in the streets ...

I haven't bought bank shares since my last flutter on LLOY in the depths of 2008/9, which I sold for 104p in the summer of 2009. But I might be tempted again sometime soon.

Sorry to disagree, Porca, but blood seems to run rarely in the streets these days in old Blighty, except in p!ssed-up urban centres on Sat nights. Maybe a bit more fire in our collective bellies would give us a diffierent kind of government, but in the meantime, in my experience, the best gains are made almost painlessly, long before the concrete pavements turn red.

This post has been edited by johnny5thumbs: 09 October 2011 - 01:41 AM

[Milton]

johnny5thumbs, on 09 October 2011 - 01:35 AM, said:

Wel - Lloyds are pretty much in the same boat, and I'm holding onto mine, despite advice from doomsayers. The upside potential is for them to more than double again,

Lloyds now own over 33% of UK mortgages. How much is their mortgage book worth?


............................No-one knows. Nobody can find out. Mark to market valuations of Lloyds are a fallacy. If our money was not being stolen by the thieving government, to pay for the banks assets, or other peoples houses, and keep them at astronomical levels, and us in slavery, they would be worth exactly zero....................................

This post has been edited by Milton: 09 October 2011 - 07:03 AM

[bobthebuilder]

johnny5thumbs, on 09 October 2011 - 01:35 AM, said:

Wel - Lloyds are pretty much in the same boat, and I'm holding onto mine, despite advice from doomsayers. The upside potential is for them to more than double again, whereas the downside, if they folow Bradford & Bingley down the pan, is to lose 25p max. If you believe the upside is more likely than the downside over the medium term, then it's worth a punt. Depends if you believe Roubini's or Pytel's points of view.

I was given lots of 'good advice' here on HPC 2 or 3 years ago, recommending that I get shot of all my LandSecuties shares a.s.a.p. They've more than doubled since then (tripled at one point, and may well bounce back again soon), so I don't take all HPC predictions too seriously.

Ask Sibley ... if you can find him. At least he was a counter-balancing view, even if totally barking at times.

thanks for the replies folks

i remember a chart on hpc in 2008 and people were saying only down from here, i stuck a load in jupiter merlin global,then qe1 happend and its more than doubled since then.