RBS shares are now 19p which is lower than B and B before it folded. How low before the bank folds? Or could they be worth buying on a 5 year view? The same with LLoyds,not every mortgage is going to default.
If anyone could accurately forecast this or any other share movements they'd be millionaires. Taking this sort of risk is what share trading is all about. Win some, lose some.
19p may have seemed cheap but RBS are now 13p so if you had bought then you would be showing a loss by now.
If only it was that simple :-)
Many people will loose more than they win if they try to time the market and play the game, it isn't as easy as it looks. If you don't understand it generally speaking you are better off if you invest long term as the market will generally recover but even then you still need to choose the right shares as some could go under completely in the interim.
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