BP Oil Shares?

Lower_North

Is Lloyds a good long term investment?

There was a paper story last week I think, that they were cash rich and once they can issue dividends in 2012, these should be attractive. I have started to buy Lloyds (late I know, but better late than never) on the expectation I will get a good income from them similar to BP.

marvin

Lower_North wrote: »

Is Lloyds a good long term investment?

There was a paper story last week I think, that they were cash rich and once they can issue dividends in 2012, these should be attractive. I have started to buy Lloyds (late I know, but better late than never) on the expectation I will get a good income from them similar to BP.

THIS IS A PERSONAL VIEW EVERYONE SHOULD MAKE THEIR OWN DECISIONS BASED ON THEIR OWN RESEARCH.

I think so it is why I am buying them although this is very long term. They have to get the government off their back first and yes I do appreciate that the current state of Lloyds is down to the help all of us gave them through central support.

Very Long term I expect/hope these shares will trade in the upper single pounds (£8 or £9 a share) if nothing happens to change that, the possability of the Banks being broken up is a concern.

In the short term I am stake building buying on the lows selling on the highs and waiting in between. Risky but so long as I know my max buy price and my min sell price and I stick to it then all should be OK.

blinko

banks are going to be good long term but probably too long term at the moment, and the government still owns a large chunk so how will they dispose of that and when, too many questions

and as above if you cant afford to lose 1k.....

sabretoothtigger

The federal case for criminal charges on BP :

http://www.nola.com/news/gulf-oil-spill/index.ssf/2010/09/feds_establish_downtown_bunker.html

Old_Slaphead

blinko wrote: »

banks are going to be good long term but probably too long term at the moment, and the government still owns a large chunk so how will they dispose of that and when, too many questions

and as above if you cant afford to lose 1k.....

Have any UK quoted banks been good long term investments - say over last 10-15 years, or is it a myth that they are a good investment ?