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Thanks karv1,
Yes, I did eventually buy 1 share back in 2008, it was a friend of mine who suggested it and at the time, i thought ah why not, it was a bit of fun at the time. However those shares i bought (not in banking sector) too forever to come back or what felt like it, simply because they increased up to about 60p or so and then seemed to just hover around the same figure, almost flat lining at that price. once there was a blip and it went up 30p, literally for like a day and then back down for 2 or 3 months again and then it went up and at that point i'd be able to double my money so i sold them thinking this could be another small increase before they drop again like before, however they were now worth over £4 a share.. so yep i sold way tooo early but hindsight is always good, i was happy that i'd double my small investment so was happy with that, at least i didn't loose on my first ever share purchase.
lloyds is my 2nd share purchase but this time off my own back, no one has suggested them to me etc, the price just seems low and hopefully will go back up.
I do remember last time, checking the stocks ever week or so and getting kinda bored looking at it hovering around the same number, i was getting close to thinking, do i sell and be happy with that i'd made or just wait it out. I'm glad a waited a bit longer so i double my investment, just a shame i didn't hold longer could of made a more but my investment was only small so wouldn't of been thousands profit etc.
Kev
Hi finding the right/start price is always going to be a 50/50 call.
If you're going long it not going to matter just don,t panic sells if it goes down, unless you think the company is in trouble or your lucky enough to buy back in at a lower price, which many people do and many get caught on the wrong side of the share price.
How many people in 2008/9 sold and regret selling to early to see their old stock go up 3 fold.
Read the chat's but Everyone has to make their own judgment.
People that own the shares will most likely have a positive post on here.
People that don,t own shares will most likely be the negative posters on here.
Thanks all, realise no one is going to be able to predict what will happen, I just remember I started looking in the last recession and saw this share at around 50 or 55p and thought wow big bank, this low but then thought hmm if they this low, they could potentially be in big trouble and maybe fold so held off, however within a shortish time, maybe 6 months or so, can't recall exactly, they were on the rise and i missed the boat... so now seeing them low again compared to not too long ago when they seem to of been around 160 or higher, its tempting but i seen rumours of recession having a knock on this so could be just a short term life before more falls (JP Morgan announcement) so unsure. So what i did was I went for a punt on lloyds, only bought 1800 shares for 29.405 so like i said not a huge investment but from what i could tell, lowest point was around 25p and i saw these get to 27p the other day and now they at 29.xp, i figured they used to be 60-70p so should be a good chance of doubling my money fingers crossed so I've gone for it.
Still looking at Barclays, just can't decided on pulling the trigger now or waiting as i hear results due end of April which may cause them to drop again along with recession so need to consider further.
I'm doing a bit of own research, i see H&L recommended this share back in March, so tempted but not sure if more recent events would make that opinion different. Still tempted, I was more tempted at 80p but just held back and then missed it when it went up this morning and has slowly continued. Will be keeping an eye on it for sure.
My view is to simply buy shares now and then keep them for a year or 2 and see what happens, obviously if they recover quickly and I double my money, i will then either take out my investment and leave the rest invested to make more based on I got my money back so if i lost it, I've not actually lost anything or i may just decided to cash in and be happy with doubling my money.
Kev
This is the toughest question, and pretty much unanswerable. If your in-experienced and going to take a punt, well this is nearly half the price it was not so long ago. Otherwise your going to have to understand Barclays as a company, understand the market, and the possible mess the banks, business, governments could be left in. No one can give you the answer and take what everyone says on a chat board with a pinch of salt. I'm in it for the longer term but due to uncertainties I am trading on the day or getting out before the weekend, these uncertainties with Covid-19. You could leave your money in for a year or two and it wouldn't matter if the price dropped to 60p then back up to 140p, you've made profit. Nothing is for certain in this game, especially now, if you never done it before, I'd say take a punt and come back in a year or two. Good luck.
I was looking at Lloyd’s and rbs but found this to have a greater gain in 12 months. Just my opinion
Edit: Wrong forum. Ignore
*facepalm
I've been holding since about 370p from years ago. I'm tempted now to jump out for some quick gains and get back in after it drops. Maybe a nice 5-10% gain. However, normally when I try this kind of thing it just keeps going up!
If you invest now with the intention of holding for 12 months the chances of being higher are 99.99% and the chances of being quite higher probably 85%
For a recovery play this one doesnt get much better frankly (or lloyds)
Hi, new here, considering buying these shares, just can't decided when is a good time, in hindsight should of bought at 80p...
totally new to this, not a huge sum to invest.
Kev