You are probably right but the Bank is a huge organisation and will find ways of going forward, increasing its turnover and profits. That is what it is designed to do, I am sure it will achieve great figures in years to come. New technologies and initiatives will be introduced.
One issue I have is that banks have different regulations imposed on them now and also more competition ... Lower affordable mortgages for many Mr average are now gone ... As house price increases means the size of the mortgage loan in too much... This may well restrict the ability for RBS to reach the heights of the past ..
I first bought at 19p (190 in today's format) after the crash, the price went up quite quickly and I convinced myself to buy more and more. The most I paid was 48p, and ended up with over 40,000 shares and an average below 40p. Soon after that the price reached 57p. That is when I should have sold but the expectation was that, with the Govt support, the Bank would recover to somewhere near where it had been a few months previously, ie: £5-£6. But that didn't happen, instead the SP dropped back through the 40p-50p range and back into 30p-40p, then 20p-30p. Then it was revised x10 and, as mailman tells you, it has hovered between 270p and 370p ever since. I eventually sold in January this year showing a little over £4K profit and glad to have it. Five years wasted. You can read back my posts from this year to see what I have done with the funds released. Right now I am out of RBS but I keep a close eye on it. If it shows one of mailman's 'drops' and I have a share showing good profit I will sell that share and buy RBS to wait for mailman's 3+% though I have to say I look for a bit more. The long term is another matter and to my mind is related to the general election. I believe the Govt will seek to announce the sale of its shares to coincide with the election or soon after. That will change the whole complexion of RBS share dealing. This view is not shared by everyone on here, some think it will be several more years before it reaches £5-£6. That will represent a 50% gain on a buy price of £3.50-£4.00 which is good if only a year or two. Operating as mailman does allows one to keep in touch with the best long term prospect while making a regular gain. It works best the bigger your investment. Good luck!
Big single gains is not my objective .. 15p gain can be 3% gain .. .. It has been possible the last few years to make this 3% gain around 5+ times per year.. .. Meaning a possible total possible gain of up to 20% plus a year.. A far cry from the one and a half percent in a safe bank ISA savings account....
This said bigger games have been achievable over the last few years.. The recent rise from around 330 and people selling around 360+ has been around 8%+ gain on this one transaction in the last two weeks...
Multiple and easier to achieve 3% gains can all I add up to a reasonable total at the end of the year..
Many have their own system ... we all have our own choice. ..
Agreed. Low buy in years ago, so big gains initially but static for the last three years. I often look at your stategy and think i am wasting an opportunity through laziness. Its not like those aimers that you haveto watch all day if youre trading. Best wishes whatever you decide.
It can be said that long-termers who watch their value go up and then fall back down again have missed a profit making opportunity.. As this has happened at least 10 times in the past three years and the share price is basically not moved in that time how much profit or increased share allocation could they have made by not staying long term..
So that's all food for thought.. And in reality how many millions have range traders Big and small made in the past three years... While long termers the past 3 years ... have dare I say have made very little if anything...
But that is life and we all make our own choices...
Great post sir,I'm also a holder and plan to sell up on Friday should we have a rise,then wait and join in your game plan.ive been an investor here for a long time making no return,it's time to become a trader! Thanks :0)
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