Opinions please

Twonko

Or alternatively I could buy 45,000 Royal Bank of Scotland shares yesterday and sell them today for a profit of just under £900.

Which is what I did.

I guess I have a lot to learn.

Ark_Welder

Twonko wrote: »

Or alternatively I could buy 45,000 Royal Bank of Scotland shares yesterday and sell them today for a profit of just under £900.

Which is what I did.

I guess I have a lot to learn.

You do if you think your actions [edit] would be consistent with the first item in your original post:

1. No stupid risks. This is my house deposit.

MoneySaverLog

I agree it was a stupid risk. But looks like it paid off, could have easily gone the other way though.

cinderfella

If you are going into stocks & shares wait for a FTSE 4700 day. Theres a few of them due in the next month.
You could invest in a bargain basement flat somewhere to let out through letting agents.
:T
(just seen that you have made a profit on bank shares. The profits are there to be made, but the important thing about share investing is knowing the company like the bank of your hand. AND I mean down to the smallest detail as to when the CEO has his coffee in the morning & whether he likes tomato sauce on his french fries.)
:rotfl:

Sceptic001

Twonko wrote: »

Or alternatively I could buy 45,000 Royal Bank of Scotland shares yesterday and sell them today for a profit of just under £900.

Which is what I did.

I guess I have a lot to learn.

That is very impressive. Now please can you tell us what you are going to buy tomorrow?

marms

Twonko wrote: »

Or alternatively I could buy 45,000 Royal Bank of Scotland shares yesterday and sell them today for a profit of just under £900.

Which is what I did.

I guess I have a lot to learn.

And you thought the lottery tickets were too much of a gamble lol

Twonko

At no point did I say I was going to listen to (or at least act upon) any of the opinions I was given. I was after people's opinions and the few constructive ones that I have had have been duly and respectfully considered. To those who think I have flaunted rule 1 of my list of rules, I would draw your attention to Rule 4, which I believe gets me off the hook and to rules 5 & 6 which further support my decision. I have lived a somewhat adventurous life (hence spending quite a bit of it in debt (mortgages, ex-wife, frivolous living, etc) and my definition of 'safe' may be slightly 'off centre'. It has been and is a lot of fun and je ne regret rien. But none of you are my Mum, so criticism not accepted.

And for those of you who think that an interest rate of 3.1% (before tax) is OK when inflation is knocking on the door of 5%, then I wish you luck in your penury.

Tomorrow, I think I will buy....cakes for everyone.

Ark_Welder

Rules 4, 5 and 6 might not necessarily be inconsistent with Rule 1, but that does not mean that your stated action was consistent with Rule 1.

Twonko

Ark_Welder wrote: »

Rules 4, 5 and 6 might not necessarily be inconsistent with Rule 1, but that does not mean that your stated action was consistent with Rule 1.

And not even you are my Mum.

MoneySaverLog

Twonko wrote: »

Index linked certs? Do they beat inflation?

Yes, by 0.5% AER. Interest is tax free.

You are of cause accepting the risk that inflation remains high, and interest rates stay low. You have to keep an eye on it and switch if that happens.