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AIB Shares

  • 11-08-2009 3:08pm
    #1
    turtle dubh
    Closed Accounts Posts: 72 ✭✭


    I have about 9050 AIB shares what would be the best thing to do now sell them all or sell half of them. I really dont know what the best option is.


Comments

  • #2
    axer
    Registered Users, Registered Users 2 Posts: 5,517 ✭✭✭axer


    turtle dubh wrote: »
    I have about 9050 AIB shares what would be the best thing to do now sell them all or sell half of them. I really dont know what the best option is.
    Depends how much you bought them for. Are you looking at a profit right now?


  • #3
    turtle dubh
    Closed Accounts Posts: 72 ✭✭turtle dubh


    To be honest I inherited them and I am looking for money lol


  • #4
    axer
    Registered Users, Registered Users 2 Posts: 5,517 ✭✭✭axer


    turtle dubh wrote: »
    To be honest I inherited them and I am looking for money lol
    If you need the money now then sell as much as you need. I believe they will rise to like 6 euro within the next 10 years so it all depends if you are willing to wait that long.


  • #5
    pirelli
    Registered Users, Registered Users 2 Posts: 2,876 ✭✭✭pirelli


    turtle dubh wrote: »
    I have about 9050 AIB shares what would be the best thing to do now sell them all or sell half of them. I really dont know what the best option is.

    1.You could hold onto them for the year and hope the bank isnt nationalized.
    2.You could hold them even if it is nationalized and they might still have some value for you.
    3.If you have any profit in your shares then you could sell now and
    A. Buy if it corrects
    B. Sell the amount of shares for the value which you originally purchased and leave the remaining profit of shares for ever and ever.
    4. If your in a loss it would be best to pay for an analysis report and do some hard nosed research. You might even be in a position where Bank of Ireland
    or another stock is a better alternative for your money in order to regain your losses.


  • #6
    JONJO THE MISER
    Banned (with Prison Access) Posts: 12,333 ✭✭✭✭JONJO THE MISER


    Id say hold out for another week or two as there still rising, i wouldnt sell them all now unless you really need the cash, sell maybe one third of them and hold onto the rest as i think within the next year to will go above 3 Eur per share.


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  • #7
    ranger4
    Registered Users, Registered Users 2 Posts: 1,370 ✭✭✭ranger4


    JONJO THE MISER wrote: »
    Id say hold out for another week or two as there still rising, i wouldnt sell them all now unless you really need the cash, sell maybe one third of them and hold onto the rest as i think within the next year to will go above 3 Eur per share.

    I am hoping nama plan will get passed in dail otherwise nationalisation looks likely for aib-boi, The greens look likely to put nama plan to a vote before they will give their indorsement, I feel its 50/50 at this stage and allthough there doesnt seem to be any other credable alternative to nama plan, any vote could go either way.


  • #8
    turtle dubh
    Closed Accounts Posts: 72 ✭✭turtle dubh


    Thanks everyone for the advice. I think I will sell a few of them now and hold on to the rest


  • #9
    cog2k
    Closed Accounts Posts: 1 ✭cog2k


    You should look into opening an online trading account like with et£$de.co.uk, they only charge around £10 a transaction while the banks or stock brokers over here will charge you a % commission which can be a significant portion of your cash. There fairly easy to setup and use.


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