No quite sure what your point is here. Sounds like a lot of doom and gloom to me. I don't tend to look at things that way. I look for opportunities and even in this choppy/unpredictable market they are here - you just have to be prepared to take large, but where possible, well-informed risks. Nearly 2k up, so far this month from doing just that (although I must say I'm breathing something of a sigh of relief re this share).
I think it fair to say that to most of us.. The state of play for us investing in RBS is as uncertain as it has ever been...
To much going on at the moment and the next few months , with migration, Brexit Artic 50, USA may put up interest rates in Dec, The coming UK budget statement, Employment figures stalling, The US Election result, and probable coming inflation and more possible unemployment as Travis Perkins announces branch closures and 600 jobs affected... and the stock markets at near record highs...
RBS goes up and down no matter what as many here know over the years.. But since Feb 2015 with a high of 412p the move has been slowly downward of over 55%.. With Savers earning less money, Banks interest so low reducing profits, UK import costing more impacting businesses ...
Very volatile times for investing it would seem... anything could kick off at anytime... the calm before a storm ..Maybe ?
Probably a bit of both. I don't gamble what I cannot afford to loose. And unlike gambling you decide when to sell. I have done very well over the years out of bank shares and they have funded the £1m+ house I now live in. If I lost the whole of my stake it would have no impact on my life other than to carry on working part time a little bit longer than I anticipated. The bubble was bound to burst at sometime and if it is now so be it. I can afford to wait for an upturn in RBS for at least the next 3 years.That said, once it gets back to my break even point i have learned my lesson and my days of stock market investing will be over.
I choose banks because the share price fluctuates wildly. I tend to invest large sums for very short periods. a 20p rise in the share price gives very big rewards when large numbers are involved and in the past it has often done this within weeks.It has worked very well in the past for me but not this time. I will hold tight and just hope it does not go bust in the meantime.
Yes I know - I've been to London -- it's a different country -- little wonder they voted remain -- walking through London is like tuning up through a short wave radio. Just stating facts that's all. One good thing I'll say - I was there this year and was impressed how much cleaner it was since I was last there 25 years ago, back then it was a grimy, dowdy, expensive hole so wasn't keen about a trip to the city but was pleasantly surprised -- air quality is still very poor though. Bob I agree with you -- this bank should have been dismantled in an orderly fashion
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