23 November 2010

Penny wise, pound foolish

Well that'll teach me a lesson. Buying shares is a mug's game, especially when they are RBS shares. The share price, heavily influenced by events in Ireland, has now declined to less than 40 pence:

But wipe that smug smile off your face. We are all shareholders in RBS and unless and until the share price returns to something like 50 pence we are all making a loss on our investment.

1 comment:

JMKeynes said...

What I don't understand in all of this is why the euro has not collpased against the pound and the dollar but is staying at much the same level.