rbs shares, to buy or not to buy?

Doshwaster

I wouldn't touch RBS with a bargepole but I bought BARC a few weeks ago and I'm fairly confident about them as a long term investment. In fact I'm thinking of buying some more. The price has doubled since I bought them and they look good for the 3-5 year term.

Buddy195

McSaver wrote: »

I did this with BARC but got left behind when I sold at 1.18

I can't complain about Barc, yes much higher than when I sold but as I put in £1000 and sold for £2000 (after all fees). I see the price wil around the 170 mark now, but personally as I'd doubled what I'd put in within a very short amount of time (a few weeks) I was happy with my lot. Think I bought around the 57p mark and sold around 118.

Buddy195

mrposhman wrote: »

Have you worked out how much you would have made if you had just left the money where it was instead of moving it in and out.

In my experience, unless you are very very good or very very lucky, overtrading can be very damaging to your wealth.

I'd say I'm up £1600 this year on all my deals, how much if I'd left it all in saving? A few quid. Do consider I've been very lucky with my deals, but as I had 1000 I could afford to lose I went with shares I considered to be worth a punt.
My profits from Barc and others such as RBS, Medicsight etc are now in companies I think will do very well over the next year. Not an expert but a little bit of research and gut feeling have worked so far for me. Got a few good tips on here as there are some very helpful posters on here who know what they're talking about. Also wouldn't life be boring if we all played it safe

sabretoothtigger

McSaver wrote: »

I did this with BARC but got left behind when I sold at 1.18

They topped out at 110 previously before going back to 67 so theres no point regretting a profit imo

Reminds me of when I sold B&B at 300p, I wish I sold them at 350 but looking back its the bigger picture which matters and so long as you make a profit it doesnt matter.

Its more important what you do with the cash after, keep on reinvesting 100% of money made or keep some back.
Keep on investing in iffy banks or something safer, 1 deal doesnt matter compared to consistent success


Barclays could still fall below 110 imo, thats the risk in holding and the profit in selling

ricll

I think RBS shares are good to speculate with at the moment if you have some spare cash, market closed with them up 11%, also Barclays up 12% with the ishares sale

mstopham

mrposhman wrote: »

Have you worked out how much you would have made if you had just left the money where it was instead of moving it in and out.

In my experience, unless you are very very good or very very lucky, overtrading can be very damaging to your wealth.

I have been doing the dipping in and out with RBS, Barratt's, Vodafone and Lloyds and am up 56% at the minute after broker fees. (I was very very lucky with getting RBS at 10.7p)
I am only in it very small time at the moment, trying to build up experience.

I would agree with those advising some sort of diversification maybe 25% into RBS 25% into a construction firm and split the other 50% on FTSE 100 paying dividends.

And for an online broker I have used Hoodless Brennan and they seem perfectly adequate so far and only £8 per trade.

Rolandtheroadie

When have the Tories ever done anything to upset their core voters? They'll probably just divide the 70% holding between those that own the other 30% and put £1 on 10 cigarettes and a unit of alcohol.
And bring back Sir Fred, 1 mistake and everyone'd have him assassinated.

I wouldnt put it all into rbs (been there, done that lol). If your just starting out (like I still am) read a book or 2, dont put it all in the 1 basket and spread your risk.

Rolandtheroadie

Meant to say, I use The Share Centre, self invested ISA, £7.50 a trade (buy or sell) and fees of approx £6.50 per quarter.

As far as investments go, I was down 40% at one point, only started in October last year (mainly if not totally due to HBOS), still down 8% but i'm a "glass half full" type person so up 32% since I learned a valuable lesson.

sabretoothtigger

What was the lesson

Rolandtheroadie

Not to have all your eggs in the one basket.
I'm doing this to trade and hopefully make more profit than I would through a stocks and shares ISA run by someone else. (and an 8% loss might still be achieving this).
Although investing to hold long term is not necessarily a bad thing, it shouldnt be your only thing.