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B & B shares - would you buy now?
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The US Treasury people are in talks to set up a fund to deal with bad mortgage debt over there, plus the ban on short selling that came into effect yesterday.“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0
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Not sure how a debt scheme over there helps with bad debts bb has bought in0
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Confidence, extra liquidity in the markets, plenty of reasons.“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0
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looks like banks are generally on the up today. reckon they will continue to rise from now on?0
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You should be happy if they stay level, the market never goes straight up from what Ive seen0
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Shares always take a plunge when confidence is low, this often makes them undervalued. Because everyone is scared of banks right now they are a bargin! Generally people dont like to buy in this situation and prefer to buy at the top when the shares are expensive and everyone is feeling great.
The best way to make cash is to buck the trend. Of course you can lose all your cash so im not sure id call this "investing" closer to "gambling"?
Personally I stick to tracker funds. Historically these will do as well as any portfolio (on average). If a FTSE company goes down then a new one replaces it. For as long as ive been interested the FTSE 100 has gone from around 5000 to around 6000. So just buy low and sell high. Still no guarantees but safer. I stash some cash in my fund everytime it heads down to 5000 (ie now!), alternatively some people drip money in each month. About the worst thing is to invest at the top when everyone is feeling bullish and confident!
Read up on efficient market theory if you want to understand the futility of chasing fast bucks. If we all new B&B share were going to be worth a lot we'd all buy them and then they wouldnt be cheap! The point is the market values them at what we think they are worth. If they are going to 40p right now then thats because they are worth that, so its crazy to think they are worth £2.50 and thats what you will sell them for. If that were true theyd be worth £2.50!
I'll shut up now. Get a financial advisor though, please dont base decisions on internet forums. Now thats the best advice you'll ever get
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sabretoothtigger wrote: »Yep and lloyds was at 4 pounds a share but not now
Check out the 10 year share price graph.0 -
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