Buying Shares help

[Speedy]

Could anyone tell me how I would go about buying shares e.g. RBS

[johnbc70]

Lots of ways mate - Pop into your local RBS branch and they will do it or go to www.rbs-sharedealing.co.uk and open an account.

But loads of other places will sell you shares like Stocktrade, e-trade, selftrade, barcalys stockbrokers etc. You dont need to go to RBS to buy RBS shares.

I work in this field so if you wanna drop me a PM with what you want exactly I will tell you whats best for you.

[The doomed]

One of the cheapest around for a home user is HBOS http://www.halifax.co.uk/sharedealing/share_dealing_home.asp

No monthly fees.

[Gus]

One of the cheapest around for a home user is HBOS http://www.halifax.co.uk/sharedealing/share_dealing_home.asp

No monthly fees.

all sound advice......(these boys have no links to Bernad Madoff):wink:

[Houchy]

I'll sell you mine.

I've got about 5000 at 90p if you're interested. Yes I know that's double the price but that's why the call me Terry Tibbs.:agree::greengrin

[Andy74]

Lots of ways mate - Pop into your local RBS branch and they will do it or go to www.rbs-sharedealing.co.uk and open an account.

But loads of other places will sell you shares like Stocktrade, e-trade, selftrade, barcalys stockbrokers etc. You dont need to go to RBS to buy RBS shares.

I work in this field so if you wanna drop me a PM with what you want exactly I will tell you whats best for you.

I'd be careful with bank shares just now. They look cheap of course compared to their previous levels but most, RBS included, will be unable to pay dividends for some time and are also looking at reducing their businesses. There is also still the real risk of full nationalisation if things don't improve.

If you are looking longer term ie 5 years and CAN AFFORD TO LOSE what you are putting in then fine.

[Andy74]

I'd be careful with bank shares just now. They look cheap of course compared to their previous levels but most, RBS included, will be unable to pay dividends for some time and are also looking at reducing their businesses. There is also still the real risk of full nationalisation if things don't improve.

If you are looking longer term ie 5 years and CAN AFFORD TO LOSE what you are putting in then fine.

Hopefully you paid heed to this!

Now might be the time to fill your boots though!

[Godsahibby]

Shares were as low as 10p today, I just got a whack through my sharesave, got them at 30p I thought that was good, wish i'd waited.

[hibee]

I've just bought some at 11p to try and make up for the ones I bought last year at 60p when I thought they couldn't get any lower !!

[Andy74]

I've just bought some at 11p to try and make up for the ones I bought last year at 60p when I thought they couldn't get any lower !!

It should be a buy now, the cards are on the table now in terms of losses and the governement have shown they will support without full nationalisation. There's a placing coming up in terms of the govt redeeming the prefs but once that is out the way the shares should start to rise a bit.

Could easliy be a good multiple on your money in a matter of months.

This doesn't consitute advice by the way, just a thought!:greengrin

[Toaods]

This doesn't consitute advice by the way, just a thought!:greengrin


....are you qualified to pass your thoughts on? :wink:

[Andy74]

....are you qualified to pass your thoughts on? :wink:

Qualified only by being as close to this thing as you can get just now.

Although, as you will note my opinion was merely what could happen as also speculated by the press! :cool2:

[Woody1985]

I've just done my first share deal today on-line and bought 449 & 11.29p. About 50quids worth. Went down to 10.6p literally about 30 seconds after!

Closed at 12.5p tonight though:thumbsup:

Hopefully they've bottomed out (and aren't nationalised) and only rise for the next few months / years.

[Speedy]

I've just done my first share deal today on-line and bought 449 & 11.29p. About 50quids worth. Went down to 10.6p literally about 30 seconds after!

Closed at 12.5p tonight though:thumbsup:

Hopefully they've bottomed out (and aren't nationalised) and only rise for the next few months / years.

That's the key, as long as it's not nationalised then it will go up eventually. Btw I'm not exactly sure what the procedure for that would be. Maybe someone could clear that up?

[joe_hfc]

I've just done my first share deal today on-line and bought 449 & 11.29p. About 50quids worth. Went down to 10.6p literally about 30 seconds after!

Closed at 12.5p tonight though:thumbsup:

Hopefully they've bottomed out (and aren't nationalised) and only rise for the next few months / years.

I wonder how long (or if they will) reach the £16 off per share they were not too long ago. mental times!

I wouldn't be buying any RBS shares. They will likely be worth 0p soon, once fully nationalised. But who knows!

[Andy74]

I wonder how long (or if they will) reach the £16 off per share they were not too long ago. mental times!

I wouldn't be buying any RBS shares. They will likely be worth 0p soon, once fully nationalised. But who knows!

They were never the quaivalent of £16 compared to now - they had a subdivision, the highest has been about the £6 to £7 mark a share. Still a long way from 12p!

[Woody1985]

I wonder how long (or if they will) reach the £16 off per share they were not too long ago. mental times!

I wouldn't be buying any RBS shares. They will likely be worth 0p soon, once fully nationalised. But who knows!

That's the risk I'm willing to take.

The way I see it, £50 quid for shared that could potentially go up and far exceed current savings rates. After 5 years if they returned to a £1 then it'd be a great punt.

£50 in savings for the same period at 3%pa would make make about £10 in interest and probably a loss when inflation is taken into consideration.

I'm going to buy another £100 worth if they go back below 12p.

At a time when the stock market is in its worst state, IMO people should take a risk as there is great potential for growth in some areas even in a bad economy.

[col02]

That's the risk I'm willing to take.

The way I see it, £50 quid for shared that could potentially go up and far exceed current savings rates. After 5 years if they returned to a £1 then it'd be a great punt.

£50 in savings for the same period at 3%pa would make make about £10 in interest and probably a loss when inflation is taken into consideration.

I'm going to buy another £100 worth if they go back below 12p.

At a time when the stock market is in its worst state, IMO people should take a risk as there is great potential for growth in some areas even in a bad economy.

Worth looking at Lloyds TSB shares Woody as currently trading about 52p per share and 1 year estimate around the £1.90 mark. I hate to say it but every passing day with the increased volume of RBS shares on the market recovery looks less and less likely.

[Woody1985]

Worth looking at Lloyds TSB shares Woody as currently trading about 52p per share and 1 year estimate around the £1.90 mark. I hate to say it but every passing day with the increased volume of RBS shares on the market recovery looks less and less likely.

I've only really started looking into the shares stuff and have decided to put in about £170 worth of shares just now. Been trawling through some of the money sites and the forums etc.

I've looked at the above and worked out what the true cost would be if I buy and then sell Lloyds shares with transaction fees I would need them to raise to 63p to break even with £90 worth of shares & £20 in fees (£10 buy/£10 sell). A 22% increase. If they did raise to £1.90 I'd end up with £218 profit based on the above figures.

I'm just looking to get in and get and idea of how things work in a bit more detail before I start investing bigger sums. For my initial investment I'm willing to take a bit of a hit to get to grips with it, find out best places to research etc. Sounds a little silly but with the markets being so low I thought I'd get in now. Might even get lucky on the first couple of investments.

I also figure that the £170 I've invested just now would be pssed up the wall or lost at the bookies anyway. If I stay in the next two weekends I've basically got a chance of increasing the amount I would have spent. :LOL:

For info, I haven't invested it all in RBS, only the intial £50. I've put the rest in a company called China Wonder. Read that an ex-director had sold 800k worth of shares that knocked 60% off the share price but they will start to recover to their normal level over the next few weeks. Apparently they have a good forecast for the year end aswell so hopefully it pays off.

[PiemanP]

I've only really started looking into the shares stuff and have decided to put in about £170 worth of shares just now. Been trawling through some of the money sites and the forums etc.

I've looked at the above and worked out what the true cost would be if I buy and then sell Lloyds shares with transaction fees I would need them to raise to 63p to break even with £90 worth of shares & £20 in fees (£10 buy/£10 sell). A 22% increase. If they did raise to £1.90 I'd end up with £218 profit based on the above figures.

I'm just looking to get in and get and idea of how things work in a bit more detail before I start investing bigger sums. For my initial investment I'm willing to take a bit of a hit to get to grips with it, find out best places to research etc. Sounds a little silly but with the markets being so low I thought I'd get in now. Might even get lucky on the first couple of investments.

I also figure that the £170 I've invested just now would be pssed up the wall or lost at the bookies anyway. If I stay in the next two weekends I've basically got a chance of increasing the amount I would have spent. :LOL:

For info, I haven't invested it all in RBS, only the intial £50. I've put the rest in a company called China Wonder. Read that an ex-director had sold 800k worth of shares that knocked 60% off the share price but they will start to recover to their normal level over the next few weeks. Apparently they have a good forecast for the year end aswell so hopefully it pays off.

If you can are willing to take the risk and can afford the possibility of losing it then now is a great time to invest :agree: spread it amongst companys that are trading low, all you need is one of them to go from say 20p a share to £2-£3 and you're laughing.

otherwise stick your money on 1-0 hibs this saturday :wink:

[RyeSloan]

If you can are willing to take the risk and can afford the possibility of losing it then now is a great time to invest :agree: spread it amongst companys that are trading low, all you need is one of them to go from say 20p a share to £2-£3 and you're laughing.

otherwise stick your money on 1-0 hibs this saturday :wink:

Seriously guys thinking like this will simply lose you money unless you are lucky and relying on luck in the markets is not a smart move!

Never ever make the mistake that because a share in Company A is 20p and Company B is £10 that company A's shares are 'cheaper'.

Company share prices like RBS tend to be low for as reason..RBS due to the very real possibility of nationalisation etc etc

The FTSE is right at a cross roads...it's 20% gain has been lost and there is a lot of commentators talking about a further slump up to and beyond another 25%...if this happens what appears as cheap now will be nothing but expensive then! (I pray this doesn't come true!)

Still as ever there is a market to be played so starting and learning with small amounts is the smart way and taking into account your dealing costs etc a must.

Finding and buying oversold companies that will fly in the future is a tricky game as sadly the vast majority of most companies who suffer dramatic crashes in their share value rarely revover....this type of play can be covered by buying a special situations trust or the like but I suppose it takes away a bit of the thrill in backing a few individual companies!!

Still in saying that I have a few positions of which my favourite long term play just now is Accsys....cunning little company with a technological edge over it's few competators, a active management that are slowly building up their production and distribution and a market that will only move towards them considering their very postive environmental impact...add in the fact they have strong advance sales and a good balance sheet then you have a company that's price has dropped but should be in a position to benefit quickly on the upturn.

For a radical play Taylor Wimpey has to be the worlds most volitile stock just now.....anywhere form 6p to 26p in the last couple of months...they are a huge risk as if they fail to refinance their debt they are gone but if they do so and at reasonable rates should have a dramatic re-rating! Risky as a risky thing but should provide plenty entertainment along the way!!

[RyeSloan]

I've put the rest in a company called China Wonder. Read that an ex-director had sold 800k worth of shares that knocked 60% off the share price but they will start to recover to their normal level over the next few weeks. Apparently they have a good forecast for the year end aswell so hopefully it pays off.

Good luck with this one....it's trended down for 5 years and is trading in a market that is surely vulnerable to continued sales falls (with money tight why re-tool?)...also too small and too illiquid for my liking, just as likely to go bust as to survive the downturn and grow...the Directors trade is hardly a vote of confidence in his company either!!

It's all about opinions of course and I seriously hope all of the above turns out to be nonsense and it works a treat for for you!!

[Woody1985]

Good luck with this one....it's trended down for 5 years and is trading in a market that is surely vulnerable to continued sales falls (with money tight why re-tool?)...also too small and too illiquid for my liking, just as likely to go bust as to survive the downturn and grow...the Directors trade is hardly a vote of confidence in his company either!!

It's all about opinions of course and I seriously hope all of the above turns out to be nonsense and it works a treat for for you!!

I had thought of that and was hoping that and was hoping he was just looking to cash in just now. It's only a relatively small amount I have in them so I'm not too worried. I've been looking around a few sites and I've read that they have a fairly decent growth potential but I'll just wait and see.

[joe_hfc]

A guy came in to the bank today. Bought £50 000 worth of shares - his life savings. He will be a millionnaire in a year or two if the bank does not get nationalised

[Woody1985]

A guy came in to the bank today. Bought £50 000 worth of shares - his life savings. He will be a millionnaire in a year or two if the bank does not get nationalised

What bank?

[joe_hfc]

what bank?

rbs

[Sauzee07]

A guy came in to the bank today. Bought £50 000 worth of shares - his life savings. He will be a millionnaire in a year or two if the bank does not get nationalised

I'm willing to bet that this guy:

- did not tell his wife about this

- will lose a lot of sleep over this

- will also lose a lot of money

Crazy!:crazy:

[Speedy]

A guy came in to the bank today. Bought £50 000 worth of shares - his life savings. He will be a millionnaire in a year or two if the bank does not get nationalised

He bought shares on a saturday? I think someone is telling porkies

[Woody1985]

He bought shares on a saturday? I think someone is telling porkies

You can buy shares when the FTSE is closed and purchase them at the opening price on Monday morning. If the share price takes a big jump first thing due to press speculation etc it may be that the price increases and he gets less but you can do it....

[Speedy]

You can buy shares when the FTSE is closed and purchase them at the opening price on Monday morning. If the share price takes a big jump first thing due to press speculation etc it may be that the price increases and he gets less but you can do it....

Never knew that. Looks like he's done well for himself then. He'll make about ten grand if he sells now.

I see Barclays is up 64% today as well.

[Woody1985]

Never knew that. Looks like he's done well for himself then. He'll make about ten grand if he sells now.

I see Barclays is up 64% today as well.

I'm pretty pssed off. Was going to get in on Lloyds or Barclays but only had a hundred quid and wanted to wait until I get paid in a couple of weeks and buy some then to offset the fees but Barclays released a statement at 7am saying they expected good profits and wouldn't have to borrow money from the government which caused the upsurge in the banks :grr:.

If anyone is interested I've been directed to this site and it has updates and announcements on businesses at 7am and can give good indications of what will rise and fall that day. http://www.investegate.co.uk/

If I had have looked at this today I would have just put my hundred quid into Barclays :boo hoo:

[Toaods]

Never knew that. Looks like he's done well for himself then. He'll make about ten grand if he sells now.

I see Barclays is up 64% today as well.


Ahhhhhh :grr:

Did I tell that yopun bank teller RBS, I meant to say Barclays.........:faint:






:greengrin

[joe_hfc]

He bought shares on a saturday? I think someone is telling porkies

Ok i shall say it the longer more tedious way - a minister came in and arranged a meeting with one of the managers in the bank to purchase some shares, since there is only one manager at the bank who deals with the share purchasing etc (even though its quite straight-forward and telephone orientated). happy? :greengrin

[Andy74]

I'm pretty pssed off. Was going to get in on Lloyds or Barclays but only had a hundred quid and wanted to wait until I get paid in a couple of weeks and buy some then to offset the fees but Barclays released a statement at 7am saying they expected good profits and wouldn't have to borrow money from the government which caused the upsurge in the banks :grr:.

If anyone is interested I've been directed to this site and it has updates and announcements on businesses at 7am and can give good indications of what will rise and fall that day. http://www.investegate.co.uk/

If I had have looked at this today I would have just put my hundred quid into Barclays :boo hoo:

I'd be careful with Barclays - don't think all is as it seems there. May be some problems ahead.

[Woody1985]

Cheers for the tip.

I don't plan on getting in on them now. For that sake of say £200 I've really missed the big jump that was yesterday so not really worth my while now.

[Toaods]

Cheers for the tip.

I don't plan on getting in on them now. For that sake of say £200 I've really missed the big jump that was yesterday so not really worth my while now.

that's just a wee jump........the big jump has still to come.

[Andy74]

that's just a wee jump........the big jump has still to come.

I wouldn't bet on it myself, the figures at Barclyas are puzzling most people in the industry and they are not telling the whole story as others have done. This should come out in the wash.

[Woody1985]

Good luck with this one....it's trended down for 5 years and is trading in a market that is surely vulnerable to continued sales falls (with money tight why re-tool?)...also too small and too illiquid for my liking, just as likely to go bust as to survive the downturn and grow...the Directors trade is hardly a vote of confidence in his company either!!

It's all about opinions of course and I seriously hope all of the above turns out to be nonsense and it works a treat for for you!!

Decent increase on these today. Apparently more to come and talk of 12.5p potentially.:greengrin

[RyeSloan]

Decent increase on these today. Apparently more to come and talk of 12.5p potentially.:greengrin

One swallow doesn't make a summer and talk is cheap!! :wink:

Naa seriously I was in no way dissing your choice, just pointing out that it wouldn't have been mine but hey I'm no Warren Buffet (yet!) so what do I know!!

[Woody1985]

One swallow doesn't make a summer and talk is cheap!! :wink:

Naa seriously I was in no way dissing your choice, just pointing out that it wouldn't have been mine but hey I'm no Warren Buffet (yet!) so what do I know!!

I didn't intend it to come across like I thought you were if I did.

From what I've seen it looks like a good share. Hoping for a rise to 7p and then might get out then or sell enough to cover my investment and see how far the rest can go.

Edit: Up another 30% today :)

[Speedy]

Does anyone know what the deal is with the RBS share issue thing? When was the deadline and how were you meant to buy them?

P.S. If anyone bought Barclays shares when this was last up then they're doing well

[Hibs Class]

Does anyone know what the deal is with the RBS share issue thing? When was the deadline and how were you meant to buy them?

P.S. If anyone bought Barclays shares when this was last up then they're doing well

RBS was an open offer, meaning shareholders have a right to buy new shares, but the right to do so didn't carry any value (which makes it different to a rights issue). If the right was taken up the price was 31.75p per new share, which is higher than shares could be bought on the open market during the last month.

Any instruction for take up of new shares needs to be with RBS by 6 April. If shares are held in your own name then you should have been contacted directly. If they are held by a broker, custodian, etc. on your behalf they would have been contacted by the registrar and they should have contacted you, unless the T&Cs say otherwise.

[Woody1985]

RBS was an open offer, meaning shareholders have a right to buy new shares, but the right to do so didn't carry any value (which makes it different to a rights issue). If the right was taken up the price was 31.75p per new share, which is higher than shares could be bought on the open market during the last month.

Any instruction for take up of new shares needs to be with RBS by 6 April. If shares are held in your own name then you should have been contacted directly. If they are held by a broker, custodian, etc. on your behalf they would have been contacted by the registrar and they should have contacted you, unless the T&Cs say otherwise.

You can only buy three for every 7 shares you own.

I suspect that the OO has been timed to coincide with the G20 meeting that will hopefully have a positive outcome. Ideally we need to reach 31.75 so people will buy them and to stop HMG buying up more shares but I think this is on good footing and has had a decent rise today.

http://www.lse.co.uk/SharePrice.asp?shareprice=RBS&share=ROYAL_BANK%20SCOT

If we reach the OO and there is a good uptake we should see them move on from there.

[Speedy]

RBS was an open offer, meaning shareholders have a right to buy new shares, but the right to do so didn't carry any value (which makes it different to a rights issue). If the right was taken up the price was 31.75p per new share, which is higher than shares could be bought on the open market during the last month.

Any instruction for take up of new shares needs to be with RBS by 6 April. If shares are held in your own name then you should have been contacted directly. If they are held by a broker, custodian, etc. on your behalf they would have been contacted by the registrar and they should have contacted you, unless the T&Cs say otherwise.

I bought them through Halifax Share Dealing, I haven't been contacted about them but when I log on it has them beside my shares but doesn't give any option to buy or anything :confused:

[Hibs Class]

I bought them through Halifax Share Dealing, I haven't been contacted about them but when I log on it has them beside my shares but doesn't give any option to buy or anything :confused:

When you're logged into share dealing, opening the Account Management option should give you a current corporate actions option. Under the my statements option you should also see a corporate actions history option. The RBS info was posted on 17 March. Halifax set a deadline of 31 March for take up, presumably to give them time to process ahead of 6 April.

With halifax share dealing you should get an email every time a new corporate action is posted. If you haven't had one, it might be worth checking if your email address is correct under my preferences

[Woody1985]

I bought them through Halifax Share Dealing, I haven't been contacted about them but when I log on it has them beside my shares but doesn't give any option to buy or anything :confused:

It shows the same as mine on Hargreaves Lansdown. I'm not 100% sure but think you may have to buy them on 06.04.

I can't buy any as all my available £££ is in them already. I wouldn't take up the OO if the SP was lower than 31.75p anyway. I think we're slowly pushing towards that figure. Hopefully the G20 pull something out of the bag that will push the price up to 33/35p then we'll see an uptake and hopefully happy days with RBS. :greengrin

Hopefully sitting on these for 2/3/4 years will give me a return of about 800%-1200%. They'll never get back to the level they were at with all the high risk but I think the bank will be back in private ownership with 3-4 years. Hester said 5 years but I think that is so that he can exceed expectation.

[Speedy]

It shows the same as mine on Hargreaves Lansdown. I'm not 100% sure but think you may have to buy them on 06.04.

I can't buy any as all my available £££ is in them already. I wouldn't take up the OO if the SP was lower than 31.75p anyway. I think we're slowly pushing towards that figure. Hopefully the G20 pull something out of the bag that will push the price up to 33/35p then we'll see an uptake and hopefully happy days with RBS. :greengrin

Hopefully sitting on these for 2/3/4 years will give me a return of about 800%-1200%. They'll never get back to the level they were at with all the high risk but I think the bank will be back in private ownership with 3-4 years. Hester said 5 years but I think that is so that he can exceed expectation.

I think if you look at it long term it is worth taking the OO because you are buying the shares back from the government so they are in a sense worth more(If I understand it properly). Plus if it goes above 32p then you are in profit anyway

[Hibs Class]

I think if you look at it long term it is worth taking the OO because you are buying the shares back from the government so they are in a sense worth more(If I understand it properly). Plus if it goes above 32p then you are in profit anyway

Without giving you advice, the point is you can buy identical shares through the stock market at a lower price than the open offer. This would cost you commission which may differ from the fee that halifax sharedealing charge for you taking up the open offer. If you do nothing then you own the same number of shares, but a smaller fraction of the company because of the new shares issued in the OO. If you did take up your entitlement then you would end up owning the exact same % of the company that you do now.

[Woody1985]

I think if you look at it long term it is worth taking the OO because you are buying the shares back from the government so they are in a sense worth more(If I understand it properly). Plus if it goes above 32p then you are in profit anyway

The problem is that not enough people look long term. Too many day traders and too many influences on this share for people to pay more than the SP is currently at.

It closed at 28.6 today. I'm in at 23.75. Just glad things are looking brighter. Hopefully there's a good uptake on the OO and the SP bashes on from there.

I read that LLOY are doing a RI and if you have shares you can buy at around 40p (currently about 77p). Going to have a look into that as you're in instant profit (about 40% at current SP). Don't know if there are any sell restrictions etc but am defo having a closer look. Might move to LLOY and then take up the offer and then back to RBS.

IMO this is a once in a lifetime opportunity to make **** loads of money out of shares whilst they're at all time lows. As long as you do enough research to understand the game and identify a few people who know what they are talking about on the messageboards you can pick up some good tips.

I'm just pissed that I don't have more money to get into S&S at the moment.

[RyeSloan]

The problem is that not enough people look long term. Too many day traders and too many influences on this share for people to pay more than the SP is currently at.

It closed at 28.6 today. I'm in at 23.75. Just glad things are looking brighter. Hopefully there's a good uptake on the OO and the SP bashes on from there.

I read that LLOY are doing a RI and if you have shares you can buy at around 40p (currently about 77p). Going to have a look into that as you're in instant profit (about 40% at current SP). Don't know if there are any sell restrictions etc but am defo having a closer look. Might move to LLOY and then take up the offer and then back to RBS.

IMO this is a once in a lifetime opportunity to make **** loads of money out of shares whilst they're at all time lows. As long as you do enough research to understand the game and identify a few people who know what they are talking about on the messageboards you can pick up some good tips.

I'm just pissed that I don't have more money to get into S&S at the moment.

S&S??

[Houchy]

S&S??

Stocks and shares:confused:

[Houchy]

The problem is that not enough people look long term. Too many day traders and too many influences on this share for people to pay more than the SP is currently at.

It closed at 28.6 today. I'm in at 23.75. Just glad things are looking brighter. Hopefully there's a good uptake on the OO and the SP bashes on from there.

I read that LLOY are doing a RI and if you have shares you can buy at around 40p (currently about 77p). Going to have a look into that as you're in instant profit (about 40% at current SP). Don't know if there are any sell restrictions etc but am defo having a closer look. Might move to LLOY and then take up the offer and then back to RBS.

IMO this is a once in a lifetime opportunity to make **** loads of money out of shares whilst they're at all time lows. As long as you do enough research to understand the game and identify a few people who know what they are talking about on the messageboards you can pick up some good tips.

I'm just pissed that I don't have more money to get into S&S at the moment.

Have you tried CFD's. You could hold a £12k position for about £350 with a major city market ie CMC Markets I've been doing well, both short and long on Rio the last couple of days.

[Woody1985]

Have you tried CFD's. You could hold a £12k position for about £350 with a major city market ie CMC Markets I've been doing well, both short and long on Rio the last couple of days.

No, I've only seen it mentioned on a board for the first time on Wednesday.

I'll look it up and get some more detail on it as I don't have the first idea what it's about at the moment but from what I've heard it's pretty good.

It's not the same as spread betting is it?

[Woody1985]

RBS on fire. 32.5

http://www.lse.co.uk/SharePrice.asp?shareprice=RBS&share=ROYAL_BANK%20SCOT

[RyeSloan]

Stocks and shares:confused:

Ahh simple really...was thinking it was a hot tip as well!!!! :dizzy:

[The doomed]

No offense - having read some of your comments on this thread I'd stay well away from CFD's for a while yet!!

Multiplied gambling and from your comments on here I dont think you yet have the knowledge to properly undertake the risks involved.

Not trying to be cheeky - just trying to warn. I would be deligthed if you were able to prove me wrong - but please dont accept that as a chellenge!!

[Woody1985]

No offense - having read some of your comments on this thread I'd stay well away from CFD's for a while yet!!

Multiplied gambling and from your comments on here I dont think you yet have the knowledge to properly undertake the risks involved.

Not trying to be cheeky - just trying to warn. I would be deligthed if you were able to prove me wrong - but please dont accept that as a chellenge!!

None taken.

I've not looked into but am confident enough that I'll be able to understand the concept once I've read into it and I'll make an informed decision at that time.

What makes you think that I wouldn't be able to handle CFD anyway? I've only been into trading for a couple of months and can say that I've been in on 4/5 stocks that have all made profits and have others for long term. Not a lot of cash in them but RBS is the main one I'm looking at. The markets have almost bottomed out. RBS won't be nationalised IMO and there's only one way it's going to go in the med to long term.

If you're interested in any stocks theres a company called NPH that I was looking into on Wednesday but didn't have the cash. I would have had to sell 2 of my long term stocks (LMT & TMP) to get in on it. It went up over 30% in two days. Although it does look to be ramped a little and there are a relatively low number of shares in issue.

[Toaods]

3 wee rules for playing in stocks and shares...

1. do your own research and make your own mind up.

2. never overstep the mark

3. don't throw good money after bad