If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Should I stay invested in Allied Irish Banks

wesleymoore · 2011-11-20 19:06:31

Hello In 2009 I invested £2670 worth of shares in Allied Irish Bank in my pension fund when each share was worth £1.36. Each share is now worth about 6.5p and my AIB fund value is presently worth £126 or thereabout. I am considering whether to sell or not. On the one hand you have a bankrupt company being propped up by a…

20-11-2011 7:06pm

#1

wesleymoore

Closed Accounts Posts: 1 ✭

Join Date: November 2011

Posts: 0

Hello

In 2009 I invested £2670 worth of shares in Allied Irish Bank in my pension fund when each share was worth £1.36. Each share is now worth about 6.5p and my AIB fund value is presently worth £126 or thereabout.

I am considering whether to sell or not. On the one hand you have a bankrupt company being propped up by a bankrupt government, on the other hand, it is a bank, and will always be in existence in one form or another as it will not be allowed to go under.

As this fund is part of my pension I consider this to be a long term investment (20-22 years). So is the bank going to drift on as it is or will it start to become a profitable business once again and provide a good return to the shareholders? Should I stay the course or sell.

All opinions appreciated.

Wesley

0

Comments

#2 20-11-2011 7:12pm

Victor

Registered Users, Registered Users 2 Posts: 78,610 ✭✭✭✭

Join Date: December 2000

Posts: 68971

Banks do disappear - do you really see any of the Anglo investors getting their money back?

The most you can lose is €126.

Note that for tax purposes you can offset the gains on one share with the loses on another.

0
#3 20-11-2011 7:12pm

Spear

Moderators, Computer Games Moderators, Technology & Internet Moderators, Help & Feedback Category Moderators Posts: 25,872 CMod ✭✭✭✭

Join Date: September 2001

Posts: 23395

Personal investments is here:

http://www.boards.ie/vbulletin/forumdisplay.php?f=859

0

This discussion has been closed.