Bank Shares

[Spennyboy]

How is everyone doing with the banks?

Barclays taken a sweet hammering today. Down to 201 earlier. Glad i didnt buy in on Friday!

Discuss.

[Clubber Lang]

2.58 now, woohoo

[ant3b]

i dont get all these shares etc. wish i did.. lol. how do i buy them?

[Q-Ball]

i bought llyods at 55 and now almost doubled - gutted i didnt buy more since the current price is 103. What do peple make of RBS? still at a very low price of 33p - predictions long term?

[Q-Ball]

i dont get all these shares etc. wish i did.. lol. how do i buy them?

There are several ways to buy shares, but if you want to purchase your own shares and chose what you buy, the easiest way (i think) is to use your bank. Most of the major banks offer an online sharedealing service which allows you to purchase shares, and the fees come out of your current or investment account. I use HSBC who charge £12 per transaction, or £18 per transaction within your ISA wrapper. Its a good place to start, but you can find places that offer cheaper charges.

Purchasing your own shares has a slightly higher element of risk than say purchasing units in a fund. This is because in a fund the risk is split over multiple holdings of shares in different companies where as buying individual shares is more like putting your eggs into one basket. However if you know what your doing, or get in at the right time, alot of money can be made.

[Spennyboy]

RBS has gone from 32p to 37p today.

I use Natwest, its who i bank with and setting up an account is easily done online.

£15 a trade flat fee. But cant fault the service - alot of posts about lloyds/halifax getting crippled at peak times and people loosing out on shares.

Natwest is solid for me atm. Hoodless Brennan also offer a good service at £8 a trade, but was a pain in the arse getting the account verified as they wanted documents verified etc etc.

[ant3b]

what sort of shares should i go after?

[Spennyboy]

what sort of shares should i go after?

Haha, the golden question.

Before you open an account and invest - watch some companies and prices for a few days/week - however long untill you understand what is going on. So you understand what makes a price go up and more importantly the indication to what makes it go down.

Some times a price will crash hard, by 5, 10p or even more - this does not mean the shares are crashing but the market is being played and the 'gods' try to set of automatic stop losses and limits so as to free up shares at a knocked down price. Google the terms "Tree Shake" "Iceberg buy/sell"

Set up a 'virtual portfolio' - this will allow you to mimic buying/selling shares for real - using real time prices. This means you can see where you would have made profit and loss.

look on iii.co.uk - click on 'discuss' - good forum for info.

Look up companies such as ICX, MEC, HAWK, YELL, WHY, JJB, TW- (All companies mentioned are proped to be good earners in the near future).

Read the posts (alot of them will be shite, rampers and the like) - look at news (sky news, search JJB) and see whats anticipated in the companies future and what its come down from say late last year.

Then... from there its just educated betting unless you know something someone else does not.

Remember you have fees to pay - so calculate what the share price will need to rise to in order for you to cover your fees and make profit. Think about the amount of shares your money will get you and the likely hood of the rise to return.

There is a thread on here started by Gunner - that will show you the dangers of the game - HAWK drowned from over £1 down to 20 odd pence a share - its rebuilding itsself now (35p today) but still has some way to go. News on a big deal is promised soon... but of course it may never happen.

But most importantly.... its fun

[ant3b]

id like to invest for the long term future.. to me shares seem a good way.. a bit risky but can be very profitable from what i see. JJB is going down.. lol its now dw sports..

[Spennyboy]

id like to invest for the long term future.. to me shares seem a good way.. a bit risky but can be very profitable from what i see. JJB is going down.. lol its now dw sports..

To invest now for the long term is almost a non brainer. Its just where and why to put your money.

I've got long term investments set up, to coin in at a later date - but day trading can also bring in a nice couple of thousand - as long as you get in/out at the right time.

JJB is an easy one to make some money on, i got in there at 16p a share - its now 25p and its got some life in it before it either goes either way. (if it burns tomo, no one quote me on this )

[TIN CAN]

I invested in Disneyland paris shares a few months back when they were down at about 2.48, now around 3.50 today or thereabouts so far so good. I also purchased to get the disneyland share holders card for discounts etc in store/ hotels too

[TIN CAN]

To invest now for the long term is almost a non brainer. Its just where and why to put your money.

I've got long term investments set up, to coin in at a later date - but day trading can also bring in a nice couple of thousand - as long as you get in/out at the right time.

JJB is an easy one to make some money on, i got in there at 16p a share - its now 25p and its got some life in it before it either goes either way. (if it burns tomo, no one quote me on this )

cough, just in case......... tomorrow you never know lol

[Spennyboy]

Hehe - another wise tip - spread your bets.

If JJB goes down - the others should stop me from making a loss.

If they all go down... well... i'll be an extra in the next Hostel movie

[ant3b]

so what long term investments do you have? isa etc? I have one with capita.. i own shares with them i buy 54 pounds worth every month..

[gunner]

Banks are now my retirement fund. I got in on RBS for 10.5p, and BARC at 50p, pumped all my redundancy money into them both, and if they reach 80% of their previous highs at any time in the future, then I can pay off my mortgage.

Glad to see you are getting into it Spence, it really is so much fun.

(dyor, imo, only invest what you can afford to lose)

[Clubber Lang]

Well done Gunner. I bought Barclays at 80p and it went down to 57p straight after. I made a good profit and sold out. Wish I hadn't. I have since bought in amd taken profits 3 times. I'm in again now, bought a couple of weeks ago. They are flying. Wish I had the balls to hold them when I initially bought at 80p.

[TheFincher]

I often forget all about my share dealing account, Mine is with my bank, First Direct, They are dead good and extremely helpful. I have some shares but i wouldnt mind investing a little more cash as the ones i have are pretty long term.......... I spose the banks ship has sailed now so i guess ill be trying my luck with a pharmacutical company hoping they are the ones that make an immunisation for swine flu!

[Spennyboy]

I often forget all about my share dealing account, Mine is with my bank, First Direct, They are dead good and extremely helpful. I have some shares but i wouldnt mind investing a little more cash as the ones i have are pretty long term.......... I spose the banks ship has sailed now so i guess ill be trying my luck with a pharmacutical company hoping they are the ones that make an immunisation for swine flu!

Bank ship is well and truly in - it can only go up, obviously the critical lows have been missed, i would have loved to got in a few months back.

LLoyds, Barclays and RBS are all doing very good today. RBS up from 36 to 42 looking to break 45 today/tomo.

[ant3b]

Where is the best place to look at the shares market??

[Spennyboy]

Where is the best place to look at the shares market??

http://www.londonstockexchange.com/e...esnews/prices/

http://www.advfn.com/

http://uk.biz.yahoo.com/uk_trading.html

http://www.iii.co.uk/