Who was buying into the "cheap" bank stocks?

[tim123]

I doubt the portion of his portfolio for this stock would make a dent in his overall wealth.

I hope he's still smiling and me with him

They've just said on the radio that he's worth 2.8 billion and his holding in BS lost him 1 billion.

tim

[snaw]

Yep, don't buy bank stocks - they'll never go up again. Ever.

[DieScum]

Have to admit I did to the tune of about 5% of my overall portfolio. Nursing a 33% loss from the initial investment on Monday from that.

It is just risk and markets though innit. Hindsight only work one way. Happy to keep the shares for a while yet and I reckon there is a fair chance they will provide a good return. Nothing is certain though.

I think the important thing is to be willing to take risk, to be unemotional about rises and falls, to diversify, not to over-leverage and to keep on cracking.

[Ardesco]

Got to be a bit more specific with your advice Taz.

Buy shares

HTH

[Fred Bloggs]

Yep, don't buy bank stocks - they'll never go up again. Ever.

And just when you start thinking that, what will the little tinkers go and do?

They'll go and darn well increase by a 100% on you!

"Buy when there's blood on the streets."- Mark Mobius, Guru at Templeton Emerging Markets.