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Growing Evidence That The Upturn Is Upon Us

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Growing Evidence That The Upturn Is Upon Us

Old 6th Oct 2008, 12:23
  #761 (permalink)  
 
Join Date: Aug 2008
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If you Google the word fool you should find 'the motley fool' website. I found that very helpful. There is an ISA option I believe and plenty of info on what the options are.

(I don't know whether it compares favourably to Barclays or Hargreeves though, it should do)
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Old 6th Oct 2008, 12:33
  #762 (permalink)  
 
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If I heard the news correctly it would seem Germany isn't guaranteeing it's banks accounts 100%. Looks like the worst places to put your dosh now is somewhere where they are guaranteeing 100% of all your money (ie Ireland and Greece) as they don't have a snow balls chance of honouring their guarantees
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Old 6th Oct 2008, 12:42
  #763 (permalink)  
 
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Well that was easy. Went to Hargreaves Lansdown's website and bought some shares.

Cheers for the speedy replies!
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Old 6th Oct 2008, 15:29
  #764 (permalink)  
 
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Looks like your post mysteriously dissapeared again Spinnaker, probably just as well as those links you posted could have cost Danny 10 p in lost revenue
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Old 6th Oct 2008, 15:34
  #765 (permalink)  
 
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Just logged on for the first time today and ChrisLKKB seems to be having a one-sided conversation with himself. Are there several posts missing?
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Old 6th Oct 2008, 15:44
  #766 (permalink)  
 
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hollingworthp

I had a couple of disappearing posts today. Nothing earth shattering as others have covered what I was on about anyway. I've sent a PM to the mods to see if I've committed an infringement or something.
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Old 7th Oct 2008, 07:18
  #767 (permalink)  
 
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For WWW ands Chris,
On a serious note what happens when a country like Iceland declares itself bankrupt, I can't recall a country going bankrupt before!

Your thoughts on this occasion would be appreciated!!
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Old 7th Oct 2008, 07:54
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Finance crisis: in graphics




http://news.bbc.co.uk/1/hi/business/7644238.stm
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Old 7th Oct 2008, 08:05
  #769 (permalink)  
 
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thanks for the graphics, is that for the benefit of the [email protected] readers amongst us
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Old 7th Oct 2008, 08:54
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Just a thought, if Darling is going to go through with the rumoured recapitalisation of banks and building societies it would be in the Governments interest to let the banks sweat, shake as many people out of the market as possible (loosing loads of money) then pump all the rescue funds into bank preferential shares making loads of money for the Government coffers, probably in quite a short space of time (months rather than years).

Unless i've missed something this could be one hell of a stealth tax!

I've signed up for a share dealing account although the one i've picked is going to take days to set up Hope it's not too late to miss the what could be a possible low for banks. I'd be interested to hear if anyone knows of an account I can set up a little more quickly ? HELP

BIAEGHH...No idea, i'll be trawling through the financials again, if they have any information then i'll post it. Regarding savers, at a guess i'd say any money in an Icelandic bank account will be covered by the 50K protection scheme (apparently there are 300,000 UK savers in Iceland).
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Old 7th Oct 2008, 09:36
  #771 (permalink)  
 
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Originally Posted by ChrisLKKB View Post
I've signed up for a share dealing account although the one i've picked is going to take days to set up Hope it's not too late to miss the what could be a possible low for banks. I'd be interested to hear if anyone knows of an account I can set up a little more quickly ? HELP
That's pretty standard in my experience. It's all down to the money laundering laws. When I set an account up with 'a sharedealing company with a silly sounding name' I ended up with about 10 pages of passwords, pin numbers and what-not. Some by post, some on the web and some by email

I hope you have more luck than I did with your first adventure. I bought Northern Rock shares last year at 2.21, watched them go to 2.73 but got cocky and didn't sell. Oops.

Edit: I wonder if the humourless Brown has ever said in a cabinet meeting "How do I look, Darling?"
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Old 7th Oct 2008, 09:48
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I think it is highly unlikely the government are trying to push down bank share prices to buy then cheap! Thats the last thing they want!

I think the government are sh8tting themselves and desparately looking to restore stability!! Oh for a week when the markets only move 1-2% like the good old days!

The pref capital injections has been used effectively in banking crisis in the past. This sort of MASSIVE state intevention is always a necessary step to recovery. Extremely unpleasent for all involved but will help avoid financial collapse. Will not help avoid a severe recession though.
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Old 7th Oct 2008, 09:55
  #773 (permalink)  
 
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ChrisLKKB

I don't think your too late, if anything a little early. Most (all) of the banks have taken big losses today. The biggest being RBS on rumours that it has approached the government for funding. Because there is no clear political policy on what the government is likely to do i.e. nationalise or give a big hefty loan, your essentially betting on the future of a bankrupt company. Shares at 101.2 look mighty tempting, but I feel nothing more than a gamble on a horse. If I had money to risk, I'd take the bet. If its money to invest, I'd stay well clear. I'm only assuming RBS is what tickles your fancy, whatever you choose, I hope you see a lot of up ticks, something in short supply of late.

Good luck
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Old 7th Oct 2008, 09:56
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Thanks EGHH, with RBS at 99p per share at one point today it's got to be worth a small bet.

GSB.

Yeah, the resession is here whether we like it or no...as the union of porn actresses says, we've got to take it on the chin. The only thing that can be done is to ensure the financial infrastructure doesn't crumble.

(and it would seem there are still people starting integrated courses )
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Old 7th Oct 2008, 10:01
  #775 (permalink)  
 
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If your looking to get exposure to price movement quickly just get an IG index account and replicate the share purchase using a spread bet. Can be set up in less than an hour provided you don't have an adverse history. No good if you are in for the long term as you'll have to keep rolling contracts but think they offer June 09 contracts on most UK names and the bid-offer is normally quite tight plus its tax free. I've managed to make a few quick bucks in the recent turmoil, but be careful and make sure you put sensible stops orders on.
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Old 7th Oct 2008, 10:02
  #776 (permalink)  
 
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Originally Posted by Spinnaker
Shares at 101.2 look mighty tempting, but I feel nothing more than a gamble on a horse.
Yeah, i'm probably going to drip feed some money in (taking into consideration trading fees) over a period of time. I'm going for RBS as the outsider so to speak and wont put in any more than I can afford to loose. Their dividends are always good and if they are here in 5 years time then fingers crossed......(don't speak too soon etc).

Dan, thanks, i'll look into that. I've considered spread betting but knowing you can loose much more than your steak always made me nervous.
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Old 7th Oct 2008, 10:04
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Originally Posted by GSB
I think the government are sh8tting themselves and desparately looking to restore stability!! Oh for a week when the markets only move 1-2% like the good old days!
Those are my thoughts exactly. The climate as is, a cohesive global plan of action is now nigh on impossible. In the political arena, its every man for himself. The EU, although has no mandate to cover or control member states economies, there is nothing to stop a voluntary, organised and planned policy being put into place. We've already seen self interest take over, and history proves that this is detrimental.

Last edited by spinnaker; 7th Oct 2008 at 10:23.
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Old 7th Oct 2008, 10:24
  #778 (permalink)  
 
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icesave - high interest savings accounts

Stops withdrawals and deposits.
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Old 7th Oct 2008, 10:29
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On a serious note what happens when a country like Iceland declares itself bankrupt, I can't recall a country going bankrupt before!
Look at what happened during Argentina's debt default, or the Russian debt crisis - those were effectively bankruptcies.
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Old 7th Oct 2008, 10:34
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There's more discussion on the Icelandic situation here http://www.pprune.org/jet-blast/3460...ing-broke.html
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