Member Info for boatyboy

Thanks for the tips Keepitsimple, I agree with all you say however I am thinking two to five years possibly as the long view. In shares would this time span be about right, depending on share value increase of course?

Long and shorts basically its gambling and it is something I have never done until now having just bought RBS and HSBC. A friend bought HSBC at £3.95. he is a builder and I suggest that a different invester is emerging. Ladies and Gentleman professionals may I offer a view from a complete layman but a commonsence ( or not ) financial position. I know nothing about the stock market but I do know that our whole capitalistic society revolves around a hard core of banks they will survive. Further they will start ripping us off by charging to use the hole in the wall etc etc. In the end they are playing the numbers game, 60 million people a handfull of big banks. Sorry to sound so hard but thats the truth. HSBC is leading the pack by at least being solvent, the rest will followin time. I and others need more than the pathetic .5% offered on interest rates, so if the shares ( in banks only no others will be purchased ) go up a mere 12% a year, then I shall be happy. I would suggest there are many older people having a punt like me that otherwise would not. Finally the damage is basically out in the open at long last, Northern Rock shareholders lost it all, at this time I cannot see that happening again. Just Barclays to buy and a bank that I personaly hate, lloyds TSB. As said earlier no other stock.