saint_stevo Posted 17 September, 2008 Posted 17 September, 2008 Thinking in A.I.G? Any other suggestions?
mdearlove Posted 17 September, 2008 Posted 17 September, 2008 it will get worse before it gets better - more financial institutions to go - followed by other businesses related to the financial industry. Give it a few more months and then it might be worthwhile. Just glad I am not retiring in the next few years - anyone with pension funds in stocks must be covering their eyes!
Wilko Posted 17 September, 2008 Posted 17 September, 2008 If you dance with the devil you'll get burned. This is my only advice.
mdearlove Posted 17 September, 2008 Posted 17 September, 2008 well just keep an eye on whats going on - I may be wrong but I dont see a recovery anytime soon. You might make some money in non financials. Their stocks will slide with the market on the whole so you may find some bargains that way. The housing market is not expected to start recovery until spring of 2010 so until then banks are going to see over exposure to mortgage debt - repossessions will go up. I would think property at that point or slightly before would be a good investment. I would keep my money in a savings account/isas until there is light at the end of the tunnel.
Pip87 Posted 17 September, 2008 Posted 17 September, 2008 hang fire til early 09 then? Well watch and wait but atm, in my humble opinion, early/mid ish 09 looks to be a good plan. I would definately wait until it gets worse.
TopGun Posted 17 September, 2008 Posted 17 September, 2008 China looks good still. Energy is also good still.
mdearlove Posted 17 September, 2008 Posted 17 September, 2008 Energy isn't that great - yes if you want to wait for dividends, no if you are looking at share prices. Most Oil, Gas, and Electricity shares are trading a little above the low point for the year - does that mean they are in recovery - maybe. Does it mean they are going to fall some more - maybe. Right now you may as well put a few quid on Ronaldo being the top premiership scorer - he might, he might not.
Draino76 Posted 17 September, 2008 Posted 17 September, 2008 Buy some Southampton Leisure holdings stock; I hear they are going places. Seriously, UKPLC is a no. AIG/HBOS is a big ****ing no. I have FTSE 5000 puts which I'm holding onto right now. If you can, buy silver. I will buy oil at $85 and would sell at $125. Apart from that all cash at the moment, apart from Transocean (RIG), a US oil drilling company.
spain saint Posted 17 September, 2008 Posted 17 September, 2008 My partner and myself have just exchanged on a house here in Spain at 175,000 euros less than the banks estimate! It is a repossession and this is where to put your money at the moment! The crisis isn't affecting Spain as much as we thought it would. (yet!) We are slightly protected here by the eurobore. (sp?) Mind you he does work for a mortgage company that is still putting through at least 20/30 mortgages a month just here in Spain and they also operate in 12 other countries! So I advise to put any spare cash in a repossessed property if you can get hold of them and rent it! If you cant get hold of them then I will put you in contact with them!
Draino76 Posted 17 September, 2008 Posted 17 September, 2008 Found a LSE listed stock I'm interested in. Ryanair.
Dicko Posted 17 September, 2008 Posted 17 September, 2008 Buy low, sell high There's a lot of people who earn a very healthy income from stocks & shares So, you're right, in some people's eyes, this is a good time to buy
stevegrant Posted 17 September, 2008 Posted 17 September, 2008 Found a LSE listed stock I'm interested in. Ryanair. Assuming they can ride out the storm, I'd agree. Plenty of low-cost alternatives are going to hit the wall in the next year or so, by the look of things, which will leave Ryanair and easyJet, I guess. They've generally been the main ones anyway, but they'll probably be the only ones left in the not-too-distant future.
Scummer Posted 17 September, 2008 Posted 17 September, 2008 Assuming they can ride out the storm, I'd agree. Plenty of low-cost alternatives are going to hit the wall in the next year or so, by the look of things, which will leave Ryanair and easyJet, I guess. They've generally been the main ones anyway, but they'll probably be the only ones left in the not-too-distant future. You've forgotten our sponsor.
Marsdinho Posted 17 September, 2008 Posted 17 September, 2008 not being funny Stevo.. You're probably not the only person to come up with that idea.
stevegrant Posted 17 September, 2008 Posted 17 September, 2008 You've forgotten our sponsor. Not a clue what flybe's finances are like, but they won't be anywhere near as strong as Ryanair and easyJet.
Draino76 Posted 17 September, 2008 Posted 17 September, 2008 not being funny Stevo.. You're probably not the only person to come up with that idea. If only one person by himself had the idea stocks would not move much.
Scummer Posted 17 September, 2008 Posted 17 September, 2008 Not a clue what flybe's finances are like, but they won't be anywhere near as strong as Ryanair and easyJet. They are flying......... http://news.bbc.co.uk/1/hi/business/7603815.stm
Deano6 Posted 17 September, 2008 Posted 17 September, 2008 Buy low, sell high There's a lot of people who earn a very healthy income from stocks & shares So, you're right, in some people's eyes, this is a good time to buy Blimey, you should go to the BBC with groundbreaking advice like that!
Scudamore Posted 17 September, 2008 Posted 17 September, 2008 Blimey, you should go to the BBC with groundbreaking advice like that! True... http://www.saintsweb.co.uk/forum/showthread.php?t=1419
Dicko Posted 17 September, 2008 Posted 17 September, 2008 Blimey, you should go to the BBC with groundbreaking advice like that! I pride myself on stating the obvious
Thedelldays Posted 17 September, 2008 Posted 17 September, 2008 about 9 years ago I did a defence and political paper within the MoD and the guy taking our classes was a former bigwig in the intelligence branch in the RAF....he told us a top tip.....buy as many shares as poss in a russian gas company called Gazprom (sp) as they will take off.. of course we thought he was joking as russia at that time was still very much broke.. how much did we get that wrong..:smt118
saint_stevo Posted 17 September, 2008 Author Posted 17 September, 2008 not being funny Stevo.. You're probably not the only person to come up with that idea. Oh you are right. This means that i am bound to lose out Marriage has ruined you already
Marsdinho Posted 18 September, 2008 Posted 18 September, 2008 Oh you are right. This means that i am bound to lose out Marriage has ruined you already I was gone long before i got married, just living with her has made me a wrong'un
St Landrew Posted 18 September, 2008 Posted 18 September, 2008 It's Britain. We are an overpopulated land mass, so property pressure is always there to a greater or lesser extent. If you can afford it, buy into it. It's a straight forward investment, and it almost never fails. Even people who are in negative equity, if they can just wait, will find themselves in profit eventually, and the return is almost always worth it.
mdearlove Posted 19 September, 2008 Posted 19 September, 2008 well could have made a short term killing if we had bought HBOS or RBOS stock yesterday - up 50% at one point today!
KK the 2nd Posted 19 September, 2008 Posted 19 September, 2008 They say investing at this time is like "trying to catch a falling knife". Be careful.
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