need help on shares

rpm1

I bought €40k of aib shares and €40k of boi shares early this year. the aib shares are now worth €10k and the boi shares are worth €14k. i need some advice now on what i should do next. do people thin/k they can come back in about 3 years? how long will ti take for me to make my money back? this money is really important because it was my inheritence to put a deposit down on a house.

bmw535d

:eek:

Low Energy Eng

Sorry to hear that mate, similar topic here;

http://boards.ie/vbulletin/showthread.php?t=2056047722

aspasp1

So sorry to here that mate . So basically you need to find the stock which can give you about 350% return and then you will see some profit. Sounds a tough task but If I were you, when the markets crash pick up some Bluechip indian ADRs listed in NYSE and buy them by selling these share and offcourse then pray. They will recover lot faster than Irish banks...hope this helps..but wouldnt be my cup of tea to put all my money into banks there are better sectors in this world...

good luck...

ted1

may i ask what made you but bank shares? Do you not read the papers?

RoadKillTs

My advice for what its worth would be to sell AIB and hold BOI and be prepared for a long wait.....

Idioteque

rpm1 wrote: »

I bought €40k of aib shares and €40k of boi shares early this year. the aib shares are now worth €10k and the boi shares are worth €14k. i need some advice now on what i should do next. do people thin/k they can come back in about 3 years? how long will ti take for me to make my money back? this money is really important because it was my inheritence to put a deposit down on a house.

As the young kids say nowaday...OMG!!!
Sorry to hear about this. I think you need to take this as a very harsh lesson for life - in that making that decision with money that "is really important" was obviosuly a bit rash, do you not think? If you don't fully understand something when it comes to investing your money you should probably stay away from it (including 'hot tips' and 'friends' great quick earners etc).
My advice would be not to go into gambler territory and try to win your money back in 3 years, as this would probably lead to more rash decisions.
Take your €24K and put it somewhere safe for a while, if you're really intent on playing the markets or investment strategy's that beat normal bank A/C interest rate then spend the next 6months - 1year (well you're whole life really as it's ever ongoing) researching and educating yourself as much as possible on investing in shares, diversification (NB NB NB - start here!!) etc

*Now, if it were me, and I was looking to buy my own home. I'd take my €24K and try get a mortagage for a house that I'd be happy to live in (not an investment that I 'hope' will rise). If you can't get a mortage yet and are unwilling to live somewhere a bit further down the scale to initially intended, then you either need to start saving and educating as above, or have a good hard think about is further down the ladder really that bad?, could you not still have a good quality of life in a smaller house but in an area you would like to live in.

* This part of my post is probably contentious so again it's just what I would do if, as you say, you are already looking to buy. Trying to 'time' the market now in property doesn't matter so much as it's about your lifestyle as oppsed to anything else - if that makes sense

Good luck with whatever you decide to do and again I do feel sorry to hear the amount you have lost - do try to learn from this huge mistake.

WildBoots

rpm1 wrote: »

I bought €40k of aib shares and €40k of boi shares early this year. the aib shares are now worth €10k and the boi shares are worth €14k. i need some advice now on what i should do next. do people thin/k they can come back in about 3 years? how long will ti take for me to make my money back? this money is really important because it was my inheritence to put a deposit down on a house.

This is what I would do if it was money I didn't really need:

1. Sell shares
2. Wait for a correction in gold/silver shares and rare earth minerals.
3. Put 75% in solid senior mining shares (companies with little debt and plenty of cash).
4. Put 25% in a basket of pennystocks in the rare earth sector.

If I needed the money I'd buy physical gold coins.

Dude240502

Do you mind if I ask if you used the Bank of Ireland Rights Issue?

displaced dub

WTF

What in gods name were you thinking??
Did anyone advise you on this?

Sell AIB and sit on the BOI for a few years.

I would put the AIB into maybe BP which should go back up around the 600p mark soon(2011/12) and will start to pay a nice divi too at least that way you can leave it there for a few years.

RR2026

My advice, Keep the BOI for a few years - Eventually, They will go up -- and pray for a take over ,,, by larger american banks !! Good luck