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buying bank shares
moonrakermagpie
Posts: 199 Forumite
Hi, would you think it was a good time to buy bank shares, such as hbos and lloyds etc??
Cheers Steve
Cheers Steve
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Comments
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I've been hovering for the last few days over buying into RBS and HBOS but I've yet to make a firm decision. Prices are up and down like a yo-yo at the moment so I'm just keeping an eye on them for now.
Just wish I had a crystal ball to know whether they've reached bottom price yet, don't want to see them suddenly rise 50% and realise I've missed the boat :rotfl:“You can please some of the people some of the time, all of the people some of the time, some of the people all of the time, but you can never please all of the people all of the time.”0 -
the search function is your friend.0
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Are they going to pay dividends though?Let us be grateful to people who make us happy, they are the charming gardeners who make our souls blossom. - Proust0
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It might be a wise thing to do.Give me my money!0
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If you can invest for the long term 5 to 10 years these stocks will be a good thing HBOS is so cheap it`s unreal Lloyds TSB will be getting a bargain but remember that there will be no dividends till the goverment is paid back so think longer term0
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I'd be cautious!
Lloyds have already re-negotiated terms for HBOS and RBS is going to be over 60% owned by the government as a result of the mess it is in.
It is still too early to know what horrors might be lurking in their books as a result of poor lending decisions in the last 3 years.
Personally I'd look for other high yielding sectors of the FTSE with businesses with more certain cash generation potential. Supermarkets, food manufacturers and oil companies for example?
Sure you might miss out on some spectacular share gains but you might be able to sleep easier at night!
R.Smile
, it makes people wonder what you have been up to.0 -
Lemmy_Caution wrote: »Are they going to pay dividends though?
I think the only 2 banks you can bet on paying dividends for the time being will be HSBC and Standard Chartered."When the Government borrows, the citizen has to save".
Machiavellii0 -
Buying bank shares today is as good as gambling. If you want to gamble, go for it. If you want to invest, don't buy any yet.Mmmm, credit crunch. Tasty.0
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I bought Barclays on Friday morning, I am quite happy.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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