GD4ELI Posted October 7, 2008 Share Posted October 7, 2008 From the FT.com http://www.ft.com/cms/s/c580893a-9437-11dd...2Fhome%2Feurope ... steep falls for Royal Bank of Scotland on talk that it had approached the UK government over a possible capital injection. Shares in RBS tumbled 30 per cent to 129.4p. Link to comment Share on other sites More sharing options...
ai_Droid Posted October 7, 2008 Share Posted October 7, 2008 ... steep falls for Royal Bank of Scotland on talk that it had approached the UK government over a possible capital injection. Shares in RBS tumbled 30 per cent to 129.4p. Down 40% now, Lloyds TSB down 20%, HBOS 22%, not a great time to be into banks. I just looked at my pension fund price, argh. Link to comment Share on other sites More sharing options...
GD4ELI Posted October 7, 2008 Author Share Posted October 7, 2008 I just looked at my pension fund price, argh. Looking very bad, my pension fund has been hit very hard :-( Link to comment Share on other sites More sharing options...
The Old Git Posted October 7, 2008 Share Posted October 7, 2008 I just looked at my pension fund price, argh. Looking very bad, my pension fund has been hit very hard :-( I've an interest in a large investment portfolio and I'm just too damn scared to look at it at the moment. However, as a contrarian investor in an investment club I was once in used to say - "good news is bad news and bad news is good news" so the £85 per week I put into my SIPP is getting me more units than ever, and my favourite stock, Apple, is looking remarkably cheap at the moment so I've topped up a couple of times on my holdings. Link to comment Share on other sites More sharing options...
TerryMcCann Posted October 7, 2008 Share Posted October 7, 2008 Nuts to a pension fund. I'll be investing in property to give me money for my retirement Aaaaargh Link to comment Share on other sites More sharing options...
manshimajin Posted October 7, 2008 Share Posted October 7, 2008 If you're a deposit holder I would say "don't panic Captain Mainwaring" - the EU have said overnight that they won't let any major banks or insurers go bust and it is looking like the UK Government may be taking shares in RBS soon. Now on the other hand if you are a shareholder....well that short term investment has probably become a long term hold now (fingers crossed). Link to comment Share on other sites More sharing options...
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