Advice on shares please

Myrmidon_J

For what it's worth, a commentator today (can't remember the name, sorry) likened buying shares in RBS to taking out an option that it won't eventually be nationalised (reducing the value of shares to £0).

Or was it Lloyds Banking Group?
It could be any of the troubled banks!

I wish you luck, but as 'Clueless Jock' mentioned, they are trading at rock bottom prices for a reason!

chelsea4

I work for NatWest and some of our staff are buying RBS shares at 10-15p saying they know that they will go up and they will make a good profit. I know nothing about shares and was considering following suit and buying some.

Can you tell me if we are fully nationalised will that mean RBS shares will be worth !!!!!! all.

After reading everything on here tonight I am of the oppinion that everyone thinks that total nationalisation could really happen and to buy any RBS shares are a big NO NO. Believe it or not my daily work goes on as normal, still reaching targets, and we are getting no flack from customers, in fact its quite the opposit. Its almost like most of them haven't heard the news.

J_Devon

Hoodless Brennan are a good bet for a share account. Easy to use and £8 per transaction.

I've bought some shares in RBS, not a huge amount and its money I'm happy to lose if nothing comes of it. No harm in trying, okay it may be a mistake, but its my mistake to make. Sometimes its the only way people learn?

hopefulfooluk

chelsea4 wrote: »

Can you tell me if we are fully nationalised will that mean RBS shares will be worth !!!!!! all.

You are correct, they will be worth zero.

Look at this thread as it sounds like you are trying to jump like a sheep onto a bandwagon: http://forums.moneysavingexpert.com/showthread.html?t=1431383

Also, as a rule of thumb, NEVER invest in the company you work for unless you get a special deal in ord/pref shares from your employer. What are you gonna do if the company fails? You will lose your job, and all your money.

There is no such thing as free money......