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Losos
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30-04-2015, 06:24 PM
11

Re: I aint got much BUT?

Originally Posted by Davenorave ->
Could anyone advise me as to investing in a share or two being a good idea considering my limited circumstances?
Dave, first of all under the rules of our 'nanny state' anyone who advises you is committing a heinous crime punishable by God only knows what horrible penance.

So I would like to reiterate what people have said above, none of it is advice.

Our nanny state prefers that you employ a financial adviser who will call at your home, spend hours and hours trying to asses your attitude to risk, and at the end of the day advise you to put your money somewhere which will reward him with a commission or for the those IFA's who don't work on commission they will ask you for a cheque as he (or she) exits out the front door.

All the data you need is available on many web sites so you can do it all yourself, but be warned, share prices can go down (as well as up) so even with a discount it isn't a sure fire thing. Risk is with us every where, even crossing the road, where money is concerned you must first analyse yourself, what kind of person are you? Do you ever bet on the horses, if the very small amount you think you might use to buy Lloyds shares ends up being even smaller how will that effect your overall finances ?

Anyway, I think we are a long way from actually seeing an offer to the public on this one and somehow I don't think Millipeed and his cronies will go for it so best wait until we know what the next government looks like.

Good luck to you whatever road you go down.
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DerekP
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30-04-2015, 06:27 PM
12

Re: I aint got much BUT?

I got some SAGA shares when they went on offer last year. They announced today a dividend and extra shares equivalent to 8%. Not a bad return by today's standards.

Share values can go down as well as up (and often do). I would advise never to invest on the stock market more than you can afford to lose.
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30-04-2015, 07:37 PM
13

Re: I aint got much BUT?

I have a bucket load of Lloyds shares and I ignored the advice that you should never 'fall in love with them'. I haven't lost on them, but when you buy and when you sell is critical. Never invest more than you can afford to lose!

I have a stocks & shares based equity bond that matures soon. Set to generate 50% tax free over 6 years. I wouldn't do it now - FTSE is too high.
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30-04-2015, 08:28 PM
14

Re: I aint got much BUT?

I have about 45 shares in Lloyds (I think), the old Halifax ones. If I want to sell, the commission payable would be more than they are worth. What the heck do I do with them?
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30-04-2015, 10:20 PM
15

Re: I aint got much BUT?

Originally Posted by Alan Cooke ->
I've recently taken some of my savings out of a low interest ISA and put it into a 123 current account with Santander where it earns 2.8% AFTER tax.....much better.
if I've got this right, Santander charge a monthly fee for that current account so you're not really benefiting in comparison with an isa that you can build up tax free without paying a fee.

I would never withdraw from an isa knowing I couldn't replace my tax free investment, rates will surely rise.

I would also never operate a current account with charges, they make enough money just for taking care of our money without being greedy
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Alan Cooke
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01-05-2015, 04:59 AM
16

Re: I aint got much BUT?

Originally Posted by Honey ->
if I've got this right, Santander charge a monthly fee for that current account so you're not really benefiting in comparison with an isa that you can build up tax free without paying a fee.

I would never withdraw from an isa knowing I couldn't replace my tax free investment, rates will surely rise.

I would also never operate a current account with charges, they make enough money just for taking care of our money without being greedy
Yes they do charge 2/month for the account but, in addition to the much higher interest rate, you also get a return on all your direct debits and standing orders which, for me, more than cover the 2. I can't see any downside to it.
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01-05-2015, 06:59 AM
17

Re: I aint got much BUT?

Your local DIY outlet is the only place you can get your hands on a "Sack of Sand" for less than 2 squid.
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Davenorave
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01-05-2015, 11:54 AM
18

Re: I aint got much BUT?

Many thanks folk for all your opinions. None of which I take to be advice. It has though given me pause for thought and as pointed out, the powers that be have not yet given any issue date. So plenty time for more thought and consideration. Wish though I was a little cleverer about such matters.
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Realist
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02-05-2015, 12:13 PM
19

Re: I aint got much BUT?

My personal opinion on the markets . . .

By and large, the Stock Market exists to take money from the naive, uninformed, impatient and generally good populous, and transfer it to the greedy, corrupt and unscrupulous city boys.

The entire system is rigged to the core, with super computers positioned extremely close to the trading servers which can log buy or sell trades in the blink of an eye and thus constantly make good profits for the crooks. The people who set the share prices (called Market Makers) are equally corrupt, using a wide range of tricks and scams to present information to the public in ways that disguise the truth. For example, the currently published Share Price (SP) for any stock is just the mid price between the lower Bid (Sell) price and the upper Ask (Buy) price. The MMs will often increase the Ask price to make the SP look like it has risen. Example. . Smiths Widgets Share Price

Bid price is 50p - (what they will pay you for your shares)
Ask price is 80p - (what you pay to buy shares)

The actual Share Price is the mid point which would be 65p so that's the price you would see in papers and on web sites.

If the MM now decides he's going to charge 1 for shares then suddenly that SP (mid-price between 50p - 1) becomes 75p. So to the uninitiated, the SP looks to have suddenly risen from 65p to 75p . . a 15% rise ! That tends to put the shae on the list of top 50 shares that have risen today and that sparks the interest of idiots.

Yet nothing at all has actually changed. If you had shares they would still only pay you 50p. This is just one trick in a huge arsenal of skullduggery that is in use daily. The system, make no mistake, is corrupt to the very core, run by bankers, financiers and the elite.

The notion of putting a little money into this system, to create a quaint little nest egg for the future that might perhaps return a few measly % is, not something to take lightly, just as putting lots of your hard earned into the black box of a pension is not to be taken lightly imo ! In both cases you are "giving your money away" to someone else and hoping that "someone else" will make money for you. If that's your mind set then my advice is wake up quickly and smell the coffee. In the context of money and finances, this is a world that takes rather than gives.

All this said I am not suggesting no-one uses the stock markets. I am rather suggesting that the markets are nothing more than a legalised scam that operates as a huge game, a casino if you like. The house will always win of course and you, the hapless punter, may also win but only if you are savvy and on the ball.

To win you generally have to PLAY the market rather than dump some money in and just let it sit there for years on end. As with horse racing and other forms of betting, people can bet FOR or AGAINST a share. So if you put your money into a share hoping it will prosper, there will likely be 1000s of other people betting that the share will go down not up. When the share does go down, those people make money, and you lose money. The opposite is obviously also true. Betting a share will go down is called SHORTING.

The City Boys in general know that the average hapless punter has no idea what shorting is nor how to do it. So they club together and raid shares with lots of them shorting it and thus driving the share price down. To them it is like taking candy from babies. This is most prevalent in the AIM market.

IMO the gov't needs to stop the practice of shorting. Until they do, millions of innocent law abiding citizens will continue to lose their money in the stock markets.

Meanwhile, if you are going to "Play" the markets then you DO need to do just that. Your decision should never be a case of "fire and forget", i.e. buying some shares and then just forgetting about them. You really need to monitor the price daily, keep abreast of what is happening in the company, read all the news releases (RNSs) and trade in and out constantly.

The Royal Mail flotation was imo a bit of a fudge, with the Gov't floating the shares at stupidly low prices to give some people a nice quick profit.

Existing stocks that offer discounted shares to existing holders I generally avoid. i.e. If the SP is currently 1 and the company offers a scheme for shareholders to buy more shares at 90p then largely it is pointless because the very act of offering such a scheme puts downward pressure on the SP and it ends up at 90p anyway.

Good luck with whatever you choose to do with LLoyds. I would simply suggest that if you buy shares, that you monitor them constantly and be prepared to sell on small rises, buy back on dips and keep repeating this to make profit. If you want to just dump money somewhere as an investment then I would think housing is a great place for that if you can afford it.

In the end, DYOR (do your own research) and seek professional financial advice and . . . caveat emptor !
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Boots
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02-05-2015, 02:45 PM
20

Re: I aint got much BUT?

I will be interested to see just how much they offer the shares at. I have some original TSB shares, which are now part of Lloyds Banking Group shares. Very few as I sold most of them years ago and used them for holidays etc. I wish now I had sold all them all those years ago when they were 11 a share. I kept a few around 500 I think as they were going to be my safety net if I ever needed some money and had no other source. What a joke as they are almost worthless these days. Gordon Brown and his mate Victor Blank have a lot to answer for with the cheating and illegal deals with HBOS went on. This year for the first time for goodness knows how long they are giving a dividend, but that won't be worth much after tax has been paid on it. I did think of using it to buy more shares as they are so low, although they went up by over 5p today!! Decided against it, but will see what the price is when they release the shares that the government bought in the bail out.
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