Are there any high streetbanks worth investing in?
23 November 2008, 06:52 PM
#1
Scooby Regular
Thread Starter
Join Date: Jan 2005
Location: Lincolnshire
Posts: 15,623
Likes: 0
Received 0 Likes
on
0 Posts
Are there any high streetbanks worth investing in?
Buying shares that is. I heard earlier that RBS has lost 90% of its share price over the last year or so. Give it 5 years to build up the reserves again and over the long term banking is a good business, so is there any reason not to invest for the long term.
23 November 2008, 07:46 PM
#2
Scooby Regular
Join Date: Mar 2005
Posts: 3,272
Likes: 0
Received 0 Likes
on
0 Posts
RBS shares are something i have been considering. Last time i checked they were under 60p. Given time they could make a recovery to previous values so money could be made 
Nik.
Nik.
23 November 2008, 07:52 PM
#3
Scooby Regular
Thread Starter
Join Date: Jan 2005
Location: Lincolnshire
Posts: 15,623
Likes: 0
Received 0 Likes
on
0 Posts
If there is any chance of getting nationalised then they would be worth little.
I'm a bit out of my depth here. I just read a thread on a money forum and 6 months ago people were saying buy HBOS at £2, you couldn't go wrong. Now they are worth 50p ish.
I'm a bit out of my depth here. I just read a thread on a money forum and 6 months ago people were saying buy HBOS at £2, you couldn't go wrong. Now they are worth 50p ish.
Thread
Thread Starter
Forum
Replies
Last Post