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bank shares

looking for a bit of a gamble.
i fancy £1000 each in rbs, and Lloyds for about 6 months.
am i mad?

Comments

  • clockworks_2
    clockworks_2 Posts: 449 Forumite
    I favour LLoyds over RBS. Lloyds has a had a great rally as of late but still its very low to where it was a few years ago!

    good luck!
  • Aegis
    Aegis Posts: 5,695
    Part of the Furniture 1,000 Posts Name Dropper
    Forumite
    andy0073 wrote: »
    looking for a bit of a gamble.
    i fancy £1000 each in rbs, and Lloyds for about 6 months.
    am i mad?

    Do you have solid reasons for speculating on these companies? If not, then yes, it's pretty mad to throw money into something without a good reason.
    I am a Chartered Financial Planner
    Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.
  • andy0073
    andy0073 Posts: 61 Forumite
    correct, no real reason other than i just think there is room for some movement upwards on the price and given the pityfull 2-3% on interest you get on savings they dont have to move alot.
    could they go belly-up? hmm i dont think so..
    just a hunch or a moment of madness as suggested :D
  • Kohoutek
    Kohoutek Posts: 2,861
    Part of the Furniture 1,000 Posts Combo Breaker
    Forumite
    There's a 'future of banking' report due after the election. David Davis has suggested breaking up the big banks. Might not be well received by the market.
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