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Annoyingly obvious question

  • 09-06-2013 9:05pm
    #1
    LowKeyReturn
    Closed Accounts Posts: 934 ✭✭✭


    Okay I know absolutely noting about investing. I play penny Forex (for want of a better term) but really it's more of a fun thing with €100. Bary-bar go up make 50c bary-bar go down lose 50c it's like 1c stakes poker I play. Anyways;

    If one was to purchase shares in an Irish Bank at the value they're at would that be a good long term investment. Surely they can only go up in value? Or can something happen that means that you're shares are written off as it were?

    Sorry for the dumb question I hope not too may faces are hurts as they impact palms.


Comments

  • #2
    Procyon
    Registered Users, Registered Users 2 Posts: 40 ✭Procyon


    LowKeyReturn wrote: »
    If one was to purchase shares in an Irish Bank at the value they're at would that be a good long term investment. Surely they can only go up in value?

    Like all shares, Irish bank shares can go down as well as up. BOI shares might well turn out to be a good long term investment, but there are considerable risks.


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