Lloyds Bank Shares

[daverichardson]

Generally agree NickP
we should celebrate it more

 

[GeoffCapes]

The sell off has been postponed!

 

[daverichardson]

Yes
I suppose it was the right move
Why sell something today for £1.00 when you could get £2.00 tomorrow appears to be the thinking

 

[Wack61]

That only works as long as it's not 50p tomorrow

Years ago I had a mate who thought he'd have a dabble with shares, he bought £1000 worth of Marconi shares , they'd been cautious for years giving steady returns then they started dabbling all over the place and the shares plummeted when they started losing money hand over fist

Instead of taking the loss and selling up he stuck it out until they were worth about £4

 

[Contigo]

You have to go long with shares. I used to trade AIM shares like oil juniors and Tech co's. I made some nice wings in day swings on sentiment when the RBS was released and the usual hoarde of rampers got on Internet bulletin boards biggjng up the stock and then selling after placing a short and starting negative sentiment.

I've stopped dabbling as there is no money in it anymore, I prefer to buy cars and enjoy them now and if I can make a profit then superb.

 

[Felonious Crud]

Unless you know what you're doing (I don't) or have £50k to splurge (ditto) you may as well buy beer. Life's too short. Enjoy it.

(if I live to 100 I'm in trouble. 70 may be a push. In fact, if I live beyond the point when I can earn any more I'll be in need of a decent local soup kitchen).

 

[Wack61]

there's too many people that think the opposite and die with 50k in the bank and a pension that hasn't paid out as much as they paid in.

It's Britain , you may not be living in the same house but you won't starve , enjoy it while you're young enough

 

[allandwf]

there's too many people that think the opposite and die with 50k in the bank and a pension that hasn't paid out as much as they paid in.

It's Britain , you may not be living in the same house but you won't starve , enjoy it while you're young enough

I'd prefer to have less than £5.00 in the bank when I go! A few assets for the kids, job done, and plenty enjoyment on the way.

 

[Felonious Crud]

No point being the wealthiest man in the graveyard.

 

[StuartW]

No point being the wealthiest man in the graveyard.

Absolutely right Adam

We have no kids so the plan is to do an equity release plan on our property to work as our pension or just sell up & rent, winding down our cash until we check out - what a cheery subject!

 

[Wack61]

I may have typed this before, can't remember

My old boss must have been on 50k+ , lovely guy , house paid for, company car, Cornwall holidays , wife in a 10 year old Yaris worked until he was 69 and only left then because the company got sold and they booted him out, gave him his 5 year old Volvo which he kept

Lived for rugby league and was desperate to go to Australia to watch Wigan play but couldn't bring himself to write the cheque , actually said to me when I booked a holiday to the US, flying is for business, not holidays , died at 72

 

[Contigo]

Old School mentality which I don't think you can shake at all, they are frightened to spend it.

 

[Wack61]

That's probably the reason the government has waited until now to allow all the over 55s access to their pension fund, they know a lot will cash it in and pay a big wedge of tax and spend a lot of it which will boost the economy short term.

For years I've looked at my pension fund ****** off at the pittance it was actually going to generate on a monthly basis compared to the amount I had paid in over the years, now i'm glad I did it because there's no way i'd have ever saved it up

 

[tjbakewell]

Very interesting how much will they be per share?

 

[daverichardson]

Price has yet to be set firmly. One of the quirks of an Initial Public Offering
You are invited to register an interest and are given a range that the price per share will fall into.
The sale goes ahead and you effectively buy blind
Like Brag really

 

[GeoffCapes]

Just got this email.

Update on Lloyds Banking Group Share Offer

Thank you for signing up to receive updates about a Lloyds Banking Group share offer.

As the Chancellor announced today, we are withdrawing plans for a Lloyds retail offer. The government wants to get the best possible return for the taxpayer. Due to conditions in financial markets and current share prices, a retail offer at this point in time would not achieve this aim.


Which to me says the future of the economy isn't very rosey.

 

[conaero]

Good for the government holding out to get a descent return. We remember what the Jock did with our gold!

Scaremongering again, we will be fine, the low pound will impact on Exports and foreign investment after cheap deals.

 

[GeoffCapes]

Good for the government holding out to get a descent return. We remember what the Jock did with our gold!

He sold it like the stupid women on The Apprentice did with antiques last night.

Cheap (for those who didn't see it last night).

 

[D Walker]

Not fussed. There is no way my money is going anywhere near a bank!
If I had my way I would go back to cash paid.

 

[daverichardson]

Ah well I did not read the Chancellor like that.
Yes he is not going to sell LLoyds to punters like you and me because the stock market is so volatile.
That is to be applauded, however I assumed he was going to off load the remaining Lloyds shares to institutions.
He did not say that - I inferred it because it is a typical shabby Tory trick to paraphrase Cpt Mainwaring
We shall see