Associate
What do you guys make of this? Seems like a stealthy bank bailout by the ECB on Friday, to the tune of almost $444bn - that's more than the TARP bailout of banks in the US in 2008, in a single day.
Trading the stockmarket (NO Referrals)
- Thread starter mcast123
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I wouldn't worry about forecasts they're usually ******** - if people had any ability to forecast as confidently as they seem to claim they'd be keeping quiet about it and making billions... in reality most of the people/paid pundits, analysts etc... making these calls about where GBP will end up aren't billionaires, they're just idiots
Associate
With the panic that was happening on Friday I purchased shares in lloyds and rbs down about 2% on lloyds but a hefty 15% on rbs! A gamble I knew it was but definitely didn't pay off, I was hoping for the rbs to be a relatively short to medium hold and lloyds in it for the long run. What's everyone's thoughts on the banks? I think after this week it will plateau and a steady rise to come what with the BoE getting involved.
Soldato
It's worth bearing in mind that both of these companies are still fundamentally the same. Having worked for both (and at one of them), they have moved on a lot since 2008. This is not a banking crisis, unlike before.
If it's any consolation I also bought shares in them both today. I'm not worried, but I'm also not patient.
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- 4 Jan 2013
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Fortunes being made in this... ^^
it really depends what happens, which we wont know till October. so be little or no growth till then, then it will weither implode(if we press that big red button) or grow(if we back peddle).
that's my opinion and why I'm not investing on what I see as a massive gamble. if we do leave then I will dump any money I have spare into into it.
Don
I would imagine the markets will quickly assume the worst, so give it a month or two and things should start picking up again.
Soldato
It's worth bearing in mind that both of these companies are still fundamentally the same. Having worked for both (and at one of them), they have moved on a lot since 2008. This is not a banking crisis, unlike before.
If it's any consolation I also bought shares in them both today. I'm not worried, but I'm also not patient.
The deal with Lloyds is housing which suddenly is unpopular. People guessing UK suffers instability which usually means higher rates though I dont know with QE which direction is correct tbh
Lloyds can pay a nice dividend if their customers pay their mortgages, so that to me is the main consideration.
I wouldn't buy RBS because its situation is murky though it gets cheap at some price I guess. They dont pay a div, they arent profitable afaik though its a still major UK highstreet bank (natwest etc) and doing good business here and there.
I hope Lloyds goes down to 20p again cant see why not hold, add even if its gloomy
http://www.lloydsbankinggroup.com/investors/fixed-income-investors/credit-ratings/
Like insurance all prices are correct until events are known, right now the prices are testing lows. Its all reasonable still
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Associate
That's what was said in 2008 too with "it's contained to sub-prime" Bernanke and "our financial institutions are strong" Paulson
My apologies, what I was actually more meaning was, is there a trading account you would recommend?
Thanks
for active trading:
https://www.interactivebrokers.com/en/home.php
is a good all round solution with low fees (albeit you need to actively trade else you'll pay inactivity fees)
if you're just going to buy and hold then you're probably better off looking for the cheapest in terms of fees
https://www.interactivebrokers.com/en/home.php
is a good all round solution with low fees (albeit you need to actively trade else you'll pay inactivity fees)
if you're just going to buy and hold then you're probably better off looking for the cheapest in terms of fees
Caporegime
Sentiment change, have the markets found the correct level or has the BOE pumped some cash in? FTSE100 up 2%.
Just finding the right level for now based on the Thursday vote...nothing much to react to right now.
I expect business/economic data over the coming weeks to trigger another downturn, as anecdotal evidence of business seizing up turns into concrete numbers.
Soldato
They wanted to downgrade the USA as well. Think their CEO left after that.
Since rating agencies are paid by those who issue the debt, the largest issuer has an undue influence
Commodity production growth from 2000
Sterling dollar is up a bit today, just 1% and one day doesnt mean anything but I think its regained and avoided the most negative breakdown scenario.
Its in a normal downtrend and Sterling is a weak currency not in isolation, dollar itself has wider issues and a trade deficit, fiscal deficit and a big QE program ongoing.
I dont see Dollar as strong either so as a ratio this is not a lobsided scenario imo, sterling may recover. Looking for a trend based on the last few years, I think 1.34 to 1.44 on a weekly closing price is still within normal trading. If it breaks out of that its something new but right now its still on the rails despite the volatility of recent news
Associate
I am trying to learn about the stock market, I'm currently running a demo account on ig.com. Out of interest, is there any reason ig.com doesn't allow you to demo share trading, only spread-betting and CFDs? Is it because share-trading directly impacts share prices?
Also as a newcomer, is spread-betting on the LSE a good starting point (with a demo account) or will it teach things I should be avoiding?
Also as a newcomer, is spread-betting on the LSE a good starting point (with a demo account) or will it teach things I should be avoiding?
Soldato
IG are a spreadbetting firm. They only moved fairly recently into share trading - within the last couple of years from memory, so I think its just that their demo account setup hasn't caught up.
I use IG for spreadbetting, but not share trading - NOT that there is anything wrong with IG, I just don't want my eggs all in one basket.
I use IG for spreadbetting, but not share trading - NOT that there is anything wrong with IG, I just don't want my eggs all in one basket.
Associate
What's a good site to demo share trading?