Reply to: RBS

[kandr]

At that point you should pile in, you'd be getting 10x what you got before... grrrr

Yeah but I was envisioning them being completely nationalised and me getting a token 2p for my shares.

[gingerjedi]

RBS was my first dabble in buying shares. I saw there price dropping from £5 ro £1 just before the banking crisis really hit. So I bought 1k worth thinking, well it wont go below £1 and Ill triple my money in a few months. A week later Lehman's went under and RBS's shares were at 10p and they looked like they might be nationalised. In the net!

At that point you should pile in, you'd be getting 10x what you got before... grrrr

[kandr]

It's Just Money: Investor Mistake #9: Trying to "Catch a Falling Knife"

HTH BIDI

I find losing real money really forces the lesson home.

[DimPrawn]

RBS was my first dabble in buying shares. I saw there price dropping from £5 ro £1 just before the banking crisis really hit. So I bought 1k worth thinking, well it wont go below £1 and Ill triple my money in a few months. A week later Lehman's went under and RBS's shares were at 10p and they looked like they might be nationalised. In the net!

It's Just Money: Investor Mistake #9: Trying to "Catch a Falling Knife"

HTH BIDI

[kandr]

RBS was my first dabble in buying shares. I saw there price dropping from £5 ro £1 just before the banking crisis really hit. So I bought 1k worth thinking, well it wont go below £1 and Ill triple my money in a few months. A week later Lehman's went under and RBS's shares were at 10p and they looked like they might be nationalised. In the net!

[SupremeSpod]

I've seen things you people wouldn't believe.

The Newport Wafer fab that got £150M in grants & never turned a wafer.

One of my ex-bosses had a big hand in that.

Its shadow keeps the EADS/Cassidian building cool across the road

[gingerjedi]

We could help them out, send over some well educated Brits to give the country a kick up the arse... or has this already been tried?

[DimPrawn]

How's the DeLorean factory going?

[norrahe]

Mind you, Ireland did attract a lot of investment with their tax breaks for business. Just about every large clientco I've had a contract with has had a Dublin office. So perhaps the celtic tiger thing wasn't all hot air. The trouble is companies can up sticks and leave as quickly as they arrived.

That they did, but like all good companies once those tax breaks came to an end, they upped sticks and left a lot of unemployment.

it may have been an initial good idea but no safeguard was put in place for the inevitable.

[OwlHoot]

Mind you, Ireland did attract a lot of investment with their tax breaks for business. Just about every large clientco I've had a contract with has had a Dublin office. So perhaps the celtic tiger thing wasn't all hot air. The trouble is companies can up sticks and leave as quickly as they arrived.

[norrahe]

Can't be bothered to check obviously but seem to recall National Savings and Post Office accounts are with the Bank of Ireland.

Yep!

Whatever fiscal repairs Ireland starts putting in place it will be too little too late.

How the country managed to fool itself that the Economy was strong during those "celtic tiger" years is beyond me, Ireland has been getting handouts from the EU from the get go and that money was used to back up a lot of ill thought investment and opportunism.

Is it possible the UK could be in the same mess and the fact that they have their own currency could be a saving grace?

[gingerjedi]

I see the Oirish are getting free cheese from the EU cheese mountain, I'm skint where's mine?

[TimberWolf]

Interestingly, I heard that there is no central printing press for Euros, each country prints their own.

So the Irish could start their own QE if they felt like it...

Who's to know if they did? Mum's the word. They are probably all printing away in secret. Except the Germans.

[xoggoth]

Can't be bothered to check obviously but seem to recall National Savings and Post Office accounts are with the Bank of Ireland.

[Troll]

Northern & Southern (+Ireland) Euros - the only way