Rockfish Registered User
#1

I dont have a clue about the stock market but have come into a bit of money suddenly and a mate who is well up on these matters reckons i should invest in shares in either BOI or AIB as they are bound to rise in the short term anyway. I'm a bit dubious but think i'll take his advice. Am i doing the right thing??

jon1981 Registered User
#2

2 days ago maybe, i know of someone who got shares @ 329, now @ ~456

but in terms of more growth short term, i wouldnt know?!

Idu Registered User
#3

There is more uncertainty in the markets than ever before and especially in the financial sector. The government bail out, if it gets passed, should be good news for BOI and AIB but they still have issues of their own to deal with. If they get into trouble and the government have to intervene then expect the shareholders to be the ones to take the hit. So if you fancy a gamble lump it on. Why the rush to give away the money you've got unexpectedly?

And one of the best rules of investing: dont trade on tips.

There's a big thread around here somewhere covering this very topic. Have a look through it. Some really good advice in there

Time Magazine Registered User
#4

Rockfish said:
I'm a bit dubious but think i'll take his advice. Am i doing the right thing??


No. Unless your mate's name is Warren Buffet, don't put it anywhere unless you're sure it's a good investment.

jaycen Banned
#5

Bad plan, they may be safe but there's still a lot of bad news on the way from existing silly mortgages.

daveyjoe Registered User
#6

It's a complete gamble at the moment. Definitely stay away, unless your friend knows something that Joe Public doesn't.

pocketdooz Registered User
#7

How many posts are there going to be like this ?

I have a load of money (insert amount here - €10,000 / €25,000 etc)

I haven't a clue about the stock market / what drives valuations etc.

Bank stocks are down so now they must go back up right ?

They were a tenner, now they are a fiver - should I buy more etc . . .

Please, give me advice for free on Boards.ie what I should do . . . .

. . . .

Maybe a mod could start a thread / stickie for all these types of posts ???

rugbyman Registered User
#8

I really enjoy learning about the theory and scientific stuff from Pocketdooz, Janets on clubs, Stepbar(lying low at moment) and Mr Mc Williams.

there are lots of people asking the same questions and they may not have read the earlier threads.

Some weeks ago i gave my opinion that there were fortunes to be made in all of this mayhem and being scientific was not the way to go.

With my childrens savings I invested 4,500. In week one I made a profit of 1200 euro.approx. ( bought Bof I at 4.40 sold at 5.60)

two weeks later i reinvested half the original amount in the same share at 3.96 and sold 36 hours later for 5.26 , a gain after costs of approx 500.

when they fell back to 3.89 I re invested 2 k and bought another 500 shares.
Sold them today at 4,72, realising a gain of ..83 per share , around 300 euro after costs and taxes.

I bought 1,000 shares in Ryanair at 2.38, failed to sell when up 600,then 500, but will do when they reach that again.
Overall, my portfolio(scoff if you like) is up from 4,500 to 6,500 in eight weeks. reach for the abacus and see what % return that is.
Tonight it is almost all back in cash

Guys who probably dont post on Boards have made hundreds of times more than I have. a Roller coaster can occasionally be a good ride.

1 person has thanked this post
pocketdooz Registered User
#9

rugbyman said:
I really enjoy learning about the theory and scientific stuff from Pocketdooz, Janets on clubs, Stepbar(lying low at moment) and Mr Mc Williams.

there are lots of people asking the same questions and they may not have read the earlier threads.

Some weeks ago i gave my opinion that there were fortunes to be made in all of this mayhem and being scientific was not the way to go.

With my childrens savings I invested 4,500. In week one I made a profit of 1200 euro.approx. ( bought Bof I at 4.40 sold at 5.60)

two weeks later i reinvested half the original amount in the same share at 3.96 and sold 36 hours later for 5.26 , a gain after costs of approx 500.

when they fell back to 3.89 I re invested 2 k and bought another 500 shares.
Sold them today at 4,72, realising a gain of ..83 per share , around 300 euro after costs and taxes.

I bought 1,000 shares in Ryanair at 2.38, failed to sell when up 600,then 500, but will do when they reach that again.
Overall, my portfolio(scoff if you like) is up from 4,500 to 6,500 in eight weeks. reach for the abacus and see what % return that is.
Tonight it is almost all back in cash

Guys who probably dont post on Boards have made hundreds of times more than I have. a Roller coaster can occasionally be a good ride.


That's a good run Rugbyman - I read the earlier post you're refering to - to be honest I didn't think much of the idea at the time - primarily cos it was your kids savings and secondly because I think I said before that long-term (kids to college etc.etc.) your best bet was to buy and hold a basket of the Irish bank stocks (talking 10 years+ here) and re-invest the dividends or just lump it into an 8% savings account and watch it quadruple in 18 years . . . . but it seems to have worked out for you and best of luck with it - I hope it continues to work out for you. Two points I would make (I'm a bankroll nit) - try and diversify a little bit more and if you sit down and figure out your transaction costs and taxes you might see they've likely eaten up a lot of your profits. You seem to be concentrating on the most volatile of stocks ? I could easily figure out a pattern where you would have guessed (and come on you have to admit you're kind of guessing here ) wrong on those trades and your kids savings would be down to €2,500 from €4,500 instead of the other way around - using the same stocks and the same time periods just trading in and out on different days.

Anyway - good luck and if you start thinking long-term at any stage read my post re: nanotechnology stocks

rugbyman Registered User
#10

I have read your post on nano. Last week in france i bought an interesting investors magazine where it reviewed shares and gave their verdict. there was one such nano.

Re my exploits, I was very lucky that b of I fell from their 5.50 ledge while I was
finding the buy button on my NIB website. Otherwise I may still have them. I do not see any great gains again in a short time. But despite the blasted heath, I think Bof I and AIB will be worth 15 % more in the short term and maybe never see dizzy heights( 8 to 10 euro per share) for year.

One question, with all the Science, why did no one forecast this.

Regards,Rugbyman

stepbar Registered User
#11

Good luck but be very careful with what you invest in. Your children won't thank you. That being said it's your money at the end of the day As I said to one customer of mine who I suggested that he start saving for his kids future - "You can take it back if you want"!!

daveirl Registered User
#12

I don't understand why people here only want to play in Irish stocks, there's hundreds of banks in Europe alone you could play. Look elsewhere IMO, think the worst is over for financials look at the XLF (an ETF), much more diversified than playing the Irish banking sector.

Poncherello Registered User
#13

Trading Irish Banks right now is like playing a f*cked up version of russian roulette - wake up - one or two or three of them are going to zero.
Rugbyman you will find out about it during one of your 36 hour forays into the market at what seems like a great buy
kids savings - what are you like

DJDC Registered User
#14

I don't understand why people here only want to play in Irish stocks, there's hundreds of banks in Europe alone you could play. Look elsewhere IMO, think the worst is over for financials look at the XLF (an ETF), much more diversified than playing the Irish banking sector.


Because the average Joe who invests in Irish bank equities isnt exactly what you would call an 'intelligent investor'. Most of them wouldnt know what a where the DAX is, what the 5 biggest banks in Europe are etc.

Leave them to keep throwing their money down a hole. They are just providing liquidity for the guys on the right side of the trades

siralan Registered User
#15

Hey pocketdooz

What about RBS shares? They were at one stage 21.50 and are now down to 1.89.

I would like to put some money into one of the banks but dont know how to go about it. Is it safer to do it in branch or is it easier to do it online?

Any advice anyone could give me would be much appreciated

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