RBS shares were worth the punt!!!

Phaelok

Hey guys,
Several months ago I bought RBS shares @ 20.7p (about £500) and there were some that thought it would take a long time to make any profit, and most also seeing it as 'high risk'. Well at the moment they are worth 36.7p and I am thinking of buying more shares in banks. Can anyone recommend other companies to invest money in, long term?

Thanks

gozomark

Hi, and congratulations :-)

It was high risk - I think most thought it was double (or more) or quits. Least likely was share prices staying the same - luckily for you (and the country) it was doubleup time...

at the time I said anyone who invests in banks must hold out for atleast double their money back - otherwise you were risking everything for a small gain - "picking up pennies in front of a steamroller" is one saying

buying banks now ? - well, its safer than it was, but thats why they have gone up so much. There is still a risk of it all going pear-shaped. Bad loans are still there, and there is still a risk that equity investors get wiped out in banks. Just as long as any money you invest is money you accept you may never see again.

Phaelok

gozomark wrote: »

Hi, and congratulations :-)

It was high risk - I think most thought it was double (or more) or quits. Least likely was share prices staying the same - luckily for you (and the country) it was doubleup time...

at the time I said anyone who invests in banks must hold out for atleast double their money back - otherwise you were risking everything for a small gain - "picking up pennies in front of a steamroller" is one saying

buying banks now ? - well, its safer than it was, but thats why they have gone up so much. There is still a risk of it all going pear-shaped. Bad loans are still there, and there is still a risk that equity investors get wiped out in banks. Just as long as any money you invest is money you accept you may never see again.

Ok thank you. I will look at them carefully and only speculate what I can afford to lose. That said I am kicking myself for not buying RBS shares which, at one point, were 9p =(:mad:

mr_fishbulb

I'm going to save that sort of stuff until a time when I can afford to lose £500