Investing

Carlossity

Hi there.

I have some money put aside, around 5000 euro, which i plan to invest in Bank of Ireland shares. Now it seems the easiest thing to do is go through an online broker. I see big names like Davy or Goodbody but i dont know if these are good. Can anyone suggest someone appropriate for what i'm looking to invest? Much appreciated.

tommylimerick

I think you should go to your nearest bank with a trading desk
and they will buy the shares for you and give you a paper cert
therefore you will avoid the annual maintenance charge associated with the brokers
just wondering why you choose boi though
do you think they will be expanding their loan book over the next 20 years ?
I reckon you will have a long wait

Carlossity

Thanks for the advice. I just got advice from a couple of people in my position who also had a small amount lying around. I'm quite young and seeing as tho BOI shares are pretty much at an all time low they can only go up, so if it takes twenty years i dont mind. Can you offer me any other advice if you were in my position?

Heatmachine1

Steer clear of Irish bank shares and don't ever invest because someone told you to,always do your research.

GarIT

Carlossity wrote: »

Thanks for the advice. I just got advice from a couple of people in my position who also had a small amount lying around. I'm quite young and seeing as tho BOI shares are pretty much at an all time low they can only go up, so if it takes twenty years i dont mind. Can you offer me any other advice if you were in my position?

Bank of Ireland shares were at an all time low two years ago, they're nearly 5 times that now. They are at their peak for the time being. Also I wouldn't go investing with only 5k and no experience, find a nice long term savings account.

tommylimerick

not so sure of what you should invest in might be just me but I am not putting my money into banks
I think that mexico might grow a good bit over the next decade if that is on your time horizon
also think that tata motors might be a good one they have a forward p/e of 8.6
they also have a strong recommendation by some brokers but I think that might have been a couple of weeks ago

ruskin

Within 5-6 years I reckon BoI shares will be around €6-7 euro a share

odd1

ruskin wrote: »

Within 5-6 years I reckon BoI shares will be around €6-7 euro a share

That should read; within 56 years.:D
(without consolidation)

Germany will hold on to its commerzbank shares as they think they will get a better price in the future. up 3.58% today

wired117

Yes that could happen, but doesn't mean you would make a cent.

GarIT

ruskin wrote: »

Within 5-6 years I reckon BoI shares will be around €6-7 euro a share

Yeah I'm sure Bank of Ireland will become 10 times larger than it was in the height of the boom within 5 to 6 years. :rolleyes:

Browney7

ruskin wrote: »

Within 5-6 years I reckon BoI shares will be around €6-7 euro a share

Maybe due to a share consolidation!

RobertKK

I would be wary of BOI at the moment. If you want to invest in a biotech company with huge upside, then Gilead Sciences is the share to own.
I own some and expect a 25% return at least this year from current $80 share price. Deutsche bank have a much higher target at $135.
It has Sovaldi, the cure for hepatitis c, it led to Gilead beating its earnings estimates very easily.
It has a great pipeline of drugs and I believe it has the safest plays for high returns with low risks.
But do your own due diligence.

househero

Don't buy shares now. You don't know what your doing.

Recondite49

Carlossity wrote: »

Hi there.

I have some money put aside, around 5000 euro, which i plan to invest in Bank of Ireland shares. Now it seems the easiest thing to do is go through an online broker. I see big names like Davy or Goodbody but i dont know if these are good. Can anyone suggest someone appropriate for what i'm looking to invest? Much appreciated.

Hi Carlossity,

I think the other posters here have the right idea in that it's exciting to want to invest but it might be worth your while to learn a little bit more about different options to see which is best for you.

The website I use is called Investopedia which not only has some helpful articles but also a stock market simulator where you can play with imaginary money.

In general terms I'd advise against sticking all your eggs in one basket - I think the safest bets these days are called ETF's (Exchange Traded Funds) which represent the market share of a basket of certain companies or goods e.g the one where I invest most of my bread follows the top earning companies in the USA.

There's no rush if your money's in the savings account, so by all means take your time and feel free to ask questions on here.

AngleseaStBull

Carlossity wrote: »

Hi there.

I have some money put aside, around 5000 euro, which i plan to invest in Bank of Ireland shares. Now it seems the easiest thing to do is go through an online broker. I see big names like Davy or Goodbody but i dont know if these are good. Can anyone suggest someone appropriate for what i'm looking to invest? Much appreciated.

Don't speculate your hard saved money on something so risky. BOI has a Beta of about 3.24
Try a more conservative core in your portfolio things like funds linked to decent markets or some blue chip companies, then maybe put some money that you can afford to lose into something like BOI.

tennisfennis

Carlossity wrote: »

Hi there.

I have some money put aside, around 5000 euro, which i plan to invest in Bank of Ireland shares. Now it seems the easiest thing to do is go through an online broker. I see big names like Davy or Goodbody but i dont know if these are good. Can anyone suggest someone appropriate for what i'm looking to invest? Much appreciated.

Just one question, why have you decided on BOI?