What will you be doing with your 2011 ISA allowance

masonic

Lokolo wrote: »

I like the way you have said "investing in BP is fairy safe".

LOL! It was BT, not BP, but doesn't that one letter make all the difference?

Lokolo

masonic wrote: »

LOL! It was BT, not BP, but doesn't that one letter make all the difference?

rofl. I am hungover

cloud_dog

masonic wrote: »

LOL! It was BT, not BP, but doesn't that one letter make all the difference?

This recent discussion has been a bit de ja vue (BP, Shell, Poly Peck, BCI, etc, etc) all top market cap companies who have caused / experienced major share price impacts.

noh

masonic wrote: »

LOL! It was BT, not BP, but doesn't that one letter make all the difference?

Depends when you invested.
I purchased both BT and BP in 2007.
Currently BP is 18% down on purchase price.
BT is 41% down.

moneylover

cashbackproblems wrote: »

It doesnt take all your free time to research shares, you just need to have some v basic knowledge and read the right sites, iv made thousands per yr since iv been buying/selling shares and i research a company buy and forget about it, having a quick looking daily at price movements

What sites do you read please
?
And I would love to know, generally, what 'research' people do. How can it be better than what the professionals do, with their access to all sorts of pricey sources of information that the man in the street cannot afford? I know it is said that the newspapers re-cycle old information and the smart money has moved on so whatdo people on this board read ? Do they read the Investors Chronicle, Financial Times for example or decide on a sector and then spend hours researching individual companies?

And to the person further up this thread who said that a lot of people dont realise you can get a divi of 7% from a nice safe company I would say that that is the attitude I took and I therefore had a tidy number of 'safe' Lloyds Bank shares - £4000 worth that came crashing around my head - no divi there at all now. So, I would definitely agree with all the sensible heads who say only invest in shares that money you can afford to lose. Lloyds may be an extreme example but you can never know what might happen.

sabretoothtigger

BT has been far worse then BP as an investment. I would say BP is less risky now in that its priced appropriately for the troubles it may see.

BT sold its best asset which was O2

chris_m

sabretoothtigger wrote: »

BT has been far worse then BP as an investment. I would say BP is less risky now in that its priced appropriately for the troubles it may see.
BT sold its best asset which was O2

Certainly was for those who bought into BT at the height of the dot com bubble, at £8+. However, at least those investors would have got O2 shares as well when the selloff happened.

They've been reasonable over the last couple of years though - ~70p up to ~180p+.
I'm hoping that trend continues - with a couple of sharesave schemes running, 2012 and 2014 could be very pleasant years for me :beer: