Growing Evidence That The Upturn Is Upon Us
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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)
(I don't know whether it compares favourably to Barclays or Hargreeves though, it should do)
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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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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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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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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.
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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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!!
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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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).
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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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
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 
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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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.
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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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
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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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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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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Originally Posted by Spinnaker
Shares at 101.2 look mighty tempting, but I feel nothing more than a gamble on a horse.
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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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!
Last edited by spinnaker; 7th Oct 2008 at 10:23.
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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!
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There's more discussion on the Icelandic situation here http://www.pprune.org/jet-blast/3460...ing-broke.html