Very fair comment Stu. I guess I bought in when the sp was really cheap so am happy to stick in her but I do think this will blow over in a couple of years and things will be cleared. This is a risk share and should be treated as thus. At the moment the banks seem to be working to pay off the debts of the errors of their ways and rightly so. I do see a steady income though for us shareholders going forward and a significant price rise as the fines are sorted so one to put away in the pension. The institutions are well researched so I have the confidence to hang in here. GL with wherever you decide to invest.
after being a shareholder for nearly 10 yrs and topped up at various points i finally sold out at a loss this week at 270, i am also a former employee for 7 years. i was thinkin of buying back in if a drop happens to under 250 but after consideration and what looks like an ongoing amount of unlimited fines an compensation to be paid for years to come then i think i am going to leave it as investing in barclays is too much hassel and stress. if i was going to pick a UK bank i would consider lloyds if it drops back to 75p as they dont dont have huge investment bank to fined, i have also bought and sold these many times in the last couple of yrs to offset some of my barclays losses. other than that just bought Shell shares which look to fluctuate up an down 10% regularly with the price of oil. if you are looking to invest in barclays i recommend you do not bother an stay away. good look to every1 else who already has invested as i think you are going to need it.
I have to admit that there are times that I question the morality of investing in banks. We complain when they don't make the profits but rarely question where they come from and their management are even worse as many have take huge bonuses based on what appears to be unbelievable dishonesty. I believe that McFarlene is there to clean and really shake things up which is why I am still here but I don't expect the profits of the last decade. That said, the majority who work in this industry are hard working and honest and not led by greed. As shareholders, we should look for profit but honest profit. Barclays has been one of the bad boys but this is changing and I expect us to end up as one of the market leaders. GL all investors.
I think that depends why you bought in the first place. If you bought for a quick buck and it's stressing you out then get rid. If in doubt, lob half out is also a reasoned approach. Personally I don't see a great deal happening for a month or two with the SP just following the FTSE but with a few blips. I'm working on a further 10% ish by the end of the year. GL whatever you decide.
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