Sunday thoughts of sunshine
This week George Osborne told the world that the government wants to sell it’s shares in Royal Bank of Scotland, signalling intent to dump billion of pounds worth on the stock market. This was done to coincide with the bank announcing huge ‘paper’ losses. Not surprisingly the banks share price tanked on the stock market and so did Lloyd’s Banking Group. Well done George…
Investments | Death or Glory
I bought shares on the stock market a few years ago because I thought there would be a take over bid on a company. There was and I thought I was going to make money, until a large investor blocked the bid. That investor lost a fortune and I didn’t do too well. You pay to learn and now I have got my money back and then some.
Investments | Royal Bank of Scotland Group (RBS.L)
Buying in a bear market
When there are more sellers than buyers in the market, traders call it a bear market and when the buyers outnumber the sellers, they call it a bull market. This appears to be a bear market; but the government is buying back it’s bonds by ‘printing’ money. What will the financial institutions do with the new money they get from selling bonds? I think they are buying shares in the markets again but being very selective. I have bought shares in another company that is making a loss; the Royal Bank of Scotland Group.
