The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Lloyds and Barcs off a tad but RBS adds 2.5p. mailman. I was reluctant to get in in the current climate,it really could go either way,the boat left the harbour at 215p as you mentioned so although I missed out on this 30p surge I feel happier that I stood to one side, looks like you made the same choice for the reasons. When the uncertainty clears up tomorrow we'll know wither we goest..is that right ? lol. wither we goest ? I'm sure even if it's a remain vote shares will ,against expectations, drop .I think this because buyers won't be looking at what might have happened(had we exited) but back to fundamentals. In a month or so RBS will be back down as some negative news pops up. I'd feel much more secure investing in a stable environment.
I put 'All' but there are only three others here Lol. This sp hasn't increased from earlier. Lloyds has crept up another penny to just under 70p.I thought it was going sub 60p. It's tough watching a profit disappear but that's with hindsight.The same with this share at 215p If Remain win the ordinary investor will expect a surge in prices but having watched the stock market over the years quite often the opposite happens. It looks like a Remain is now priced in or being priced in so on Friday it could well be back to normal because the issues keeping the sp down haven't gone away,just been overshadowed by this referendum. Over on Lloyds Wids posted a video of Chinese bank employees being assaulted..hit..on the backside as they stood in line for 'not attaining expectations' Being up against that type of culture the world has no chance. China will rule. It's got a heck of a lot of debt,it could unravel. Off Topic. At least when I switched car insurance companies this morning I saved £70 and the lass asked me if I wanted my card details held so I could renew next year and they will use them. "Are you offering me auto-renewal ? "Yes" . "No thanks" "Fine". They will send me a renewal and await a reply.Thing is she didn't use the term auto-renewal ,no doubt as it's got a bad name but I am onto these things. Also made sure she ticked the 'no unsolicited phone/text/post' box. The tiny one most people overlook.
We were never good at future-proofing, in the majororty of cases it's been short-termism and all too often not with the greater good in mind. Well, you did say that the sp might not revisit 210p. It was 215p. I've learnt the lesson over the years ,when this happens don't chase the sp up it's more likely to retreat than move onwards and upwards. When it's all blown over then it will be 'normal service resumed' If Leave win and there's a chance it will as they're neck and neck, there will be a lot of unravelling and it's not the kind of scenario ordinary investors should be in.
That was a good read. The MPs keep telling us what a great country we live in, well, they could make it a great deal better but as you say, they don't and one big reason is the 'private good public bad' philosophy. Some of the PPI initiatives,the contracts, have been a disgrace. G4S is it ? The security/prisons/cash handling company ? Should be relieved of some if their contracts but the cancellation clauses make that prohibitive,infact they are given further contracts. I think the Blair government started the ball rolling on that. Knowing what he's like now I can see why Re. NHS. Yesterday I saw a consultant, a bit of sun skin damage to my hand .solar keritosis ..but all's ok and it took 2 months from referral. Infact by the time I got to see him it had cleared up. Maybe this is the new strategy..lol. It takes two weeks to see a doctor. For anything needing fast referals I use my private health care which I kept up with my employer before retirement. A few years ago I heard someone on the radio say that if she had to make cuts to her home budget the last thing to go would be her health insurance. I can get to see a consultant very quickly. Re. HS2.. What a waste of money. First off privatising the system and chopping it up and seperating track from trains was a bad idea. They should have sorted the people running it. The money would be much better used to upgrade tracks, increase rolling stock and install new connecting lines. It will cost far less than what they are doing now which imo is more to do with prestige. Fine if we had a much larger country,like France or Germany but we're not. It almost looks as though they're giving the opportunity for business people to avoid the current situation by being able to pay more, it will be expensive to use that train. I read a letter in the Times a few days ago and the person was suggesting building a railway marshalling yard outside London to take cars and trucks bound for the Channel Tunnel rather than driving to Dover and clogging up the two motorways that are currently used. Maybe its a motorway and an A road,I can't remember. Now that was a brilliant idea. Better than HS2. I can't recall whether it would require additional track but as he said,it would be all railway. It would be cost effective too considering the cost of delays and pollution as is the case on those roads now. Amazing week ahead,I think.
I'm retired as I think many are on the Bank Boards so I'm able listen to Radio Five Live and when I hear the traffic news..ie hold ups,there are so many on major roads I wonder how the country gets on with its business. My wife travels in her work and I sometimes go with her if it's to a decent place,especially where I can take photos. One day we went to Salisbury and I was amazed at the amount of traffic at 8.00am and she told me it was actually fairly quiet. Very stressful and not good for people to have to experience it each day. Nice drop today..specially for me..lol. Germany Poland a few minutes away from a 0-0 draw. A good result for Poland.
Thanks mailman..Up 5p today I see. I've been thinking about this v Lloyds and if I go for Lloyds then it's just having more of the same and at these levels RBS has taken its battering so I'll keep an eye on it as I can see shares dipping again should there be any increase in the gap with Leave benefitting. Who'd have thought we'd be in this position ? This has been the quietest of the bank boards,there was always something being said but it just went dead since last week. I see Osbourne has got quite nasty today.
Re. Rbs GRG litigation,do you know where it's up to ? I can only find reference in March about the new law firm taking over on behalf of litigants By the way, re my last question, its about £3500 I'll use to get into short- term trading. So at the current price I'd get 5555 Lloyds or 1635 RBS.
Hi Jings...Yes, very quiet ion here,so much so I wondered if there was something wrong. Nothing since my post last Friday. Where's mailman ? Yes, thank you,enjoying the football, what a spirited effort by Iceland., Ronaldo a poor loser even though they drew. I'm watching the Russia-Slovakia game right now. Ah.. Slovakia have just scored 1-0. I watched Philip Green this morning infront of the Select Committee re BHS. What an arrogant,rude man. Worth £6.2 billion. He's back this afternoon. As a seasoned poster/investor would you buy more Lloyds or with the same outlay, less RBS ? As you see from my posts here I had in mind to buy RBS, then Loyds slipped even more. I have a substantial holding of the, 60p was the lowest paid,the 62p and on up buying at different prices up to 2000 at 86p,the last buy. My poor maths tells me that Lloyds needs to gain twice as much to get the same profit..I did it on a percentage basis but the real question is which of the two has the most upside in the event of a Remain win ? Also, I wanted to do some day,well not daily but very short term trading ,a few weeks depending on sp movement as I haven't done it before and RBS looks good for that,better than Lloyds so that's something else to consider but I'd use the Lloyds for that too..not the bulk holding,they will wait until the PO is out of the way and definitive news on the divi going forward. Don't you just love computers. I've just had a reminder pop up whilst writing this re. Doc's appointment Friday re Simvastatin. I've been asked to make an appointment. The criteria has been wrong so they've found so there are those on it who don't need it and vice versa, I think I'm in the 'don't need it' bracket. Northy...The asteroid blame game might not be the fantasy you think ..lol. I mean,looking at this table and the law of averages dictates that one if them will score a hit. http://neo.jpl.nasa.gov/ca/ Slovakia now 2-0 and bang on half-time.
mailman..We're not long been back from holiday (Cornwall). The sp is certainly living up to its reputation. I'm glad I'm back because I want to add funds to my balance in my share account (Share Centre) and I couldn't have done it from there re. security measures.. BUT... this has further to fall I'm sure. We're two weeks out from the vote so a lot of opportunity for a further fall or more likely ,falls.. I'm right on your shoulder. lol I might even urge my wife to buy some.having said that though, I got her to buy some Lloyds not long ago at 76p and I gave her the divi May 17th. which she was delighted with but it slipped my mind to tell her the capital sum invested was down..lol
Thanks mailman. I've popped on to see how the sp is going. Amazing isn't it,a real moneymaker down at these levels, ,well a bit lower yet but with all that's going on it will,I'm sure, be re-visiting the 205-215p level soon.
I know the mantra on these Boards is DYOR but if it's ok with you I'll keep my eye on your posts...lol. I'll definitely take your advice on the sell at 246p or thereabouts . You have to wonder why some sell,see the sp gain even more and then beat themselves up. Just pure greed,really, the undoing of many an investor,I think.They say the selling is the hard bit and discipline is essential. With the referendum getting ever closer and polls varying I can see my, our, opportunity to buy in in the low 200s coming along quite soon....but not today, I see.lol
I got out of this share at 286p and used the cash to buy more Lloyds. I never thought I'd be looking at RBS again but your intended strategy is what I'm now considering.On May 12th the sp was 209.60p . I have no idea why it should react,to whatever, with such extreme movements considering the issues it still has outstanding. I got a substantial divi from Lloyds and it's sitting in my Share Centre account waiting for RBS to re- visit the low 200's,rather than top up with more Lloyds, which it surely will. I'd get out at 250 ish.