Sharesave

Husband_of_a_spendaholic

opinions4u wrote: »

Big disclaimer here - speculation is included in this reply!

1) Don't make career decisions on the back of Sharesave schemes - if you'll be happy with a different job and get the chance, be happy!

2) Do you really thing it is likely that B&B will recover to £3+ a share before being taken over? My view is that while the shares of most banks will recover it will be a slow process. More likely a takeover for around 70p a share - that said, you could still do very tastily in that scenario, depending on the rules of the Sharesave scheme.

3) Get in with what you can afford. If you change jobs you still get your capital back. If the price drops of you get Northern Rocked, you still get your capital back. It's protected by the FSCS (for what that's worth) until you buy the shares.

I still see this scenario as a heads you win / tails you get your money back situation. And if they are back at 350p in 3 years time, enjoy it! If they're not, grab your capital back!

Thanks, your number one point is exactly what I was thinking, It does however feel a little bit like putting the same lottery numbers on every week and then giving up. You'd be gutted if your numbers then came up. At the end of the day nobody knows what's going to happen - I could be made redundant before the sharesave matures!!!;)

opinions4u

Husband_of_a_spendaholic wrote: »

Thanks, your number one point is exactly what I was thinking, It does however feel a little bit like putting the same lottery numbers on every week and then giving up. You'd be gutted if your numbers then came up. At the end of the day nobody knows what's going to happen - I could be made redundant before the sharesave matures!!!;)

You could. What happens then? Many schemes will allow you to exercise your option on redundancy (but not resignation).

I still stand by point (1), but if you're having doubts, make sure you have all the facts!

stevie888

Yer im gona be doing this for my company tomorrow. I reckon its a good time to do it especially as most share prices are low. Would probably make more sense to go with five years but am gona go with three. If you cant afford to do the full wack get someone in your family to contribute.