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Barclays 6 BILLION

Discussion in 'General Discussion' started by wms, 10 Feb 2009.

  1. wms

    wms

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    the day that barclays announce 6 billion profit my wife and I receive statements on two ISAs we took out april before last. £14000.00 each two years worth, now down to just under £9000.00 each total loss of over £5000 each. barclays loose us 10 k then say they should come back up again. they need to come back up approx 55.5% to break even.
    considering cutting losses and telling them where to stick their 1% annual management charge ,MANAGEMENT, their having a bl**dy laugh. :eek:

    any way rant over. :cry:
     
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  3. BOB D.O.L.E

    BOB D.O.L.E

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    I put £6500 in the RBS they say i will get £5 interest in 12 month yippee

    cant wait i will be able to pay for the bus fair to the bank to pick it up.
     
  4. wms

    wms

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    :LOL:
     
  5. big-all

    big-all

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    a well wms sorry to hear your plight :cry: :cry:

    but look on the bright side at least you havent lost 80 percent of your value like my barclay shares have :D :D :D

    you have to laugh or we may ---------------well you know the saying
    but to be fair i only have 224 shares so i am only around £1.200 shy unlike you fairly horendous amount :rolleyes:
     
  6. toptec

    toptec

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    Am I missing something here? You put your max £3,600 in an ISA account, fix the tax free interest on the account when opening, a year later move the original sum to another better paying ISA account, spend or save the interest. How have you lost 5k on each account? :confused: :confused: :confused:
     
  7. Softus

    Softus

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    So? If they dropped that far, then why shouldn't they rise that far?

    Are you saying that you didn't sign a document acknowledging that the risk of the investment had been explained to you?
     
  8. PE

    PE

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    It must be a share ISA and all the risks that go with that. Its no different to investing directly in the stock market. If it had gone in a cash ISA would be worth more with interest received over past two years

    If you couldn't have afforded to lose money you should have put it in a no risk account I am afraid
     
  9. wms

    wms

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    where in my post did I say that i could or could not afford to loose money just I was pis***d they make 6 billion but loose me money.in doing so.
     
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  11. Sparkin

    Sparkin

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    I take it you didn't realise you were playing "Heads they win, Tails they win" with Barclays then :?:
     
  12. toptec

    toptec

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    WMs - My sympathies, but did/do you have any idea what they were investing your money in at all?

    I had considered this option some time ago but the impending crunch put the mockers on that.
     
  13. Softus

    Softus

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    They didn't lose your money - YOU lost your money.

    The value of shares can go down as well as up. Don't pretend that you weren't warned, and don't come here bleating about money you can afford to lose when some people have lost, or are losing, or will lose, their jobs.
     
  14. tim west

    tim west

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    It's all about trust and there isnt any anymore
     
  15. Softus

    Softus

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    Trust?! Are you kidding? :eek:

    There never was any trust; merely sufficient confidence that expectations would be met. Now there is insufficient confidence, because companies are vapourising as fast as Castlemaine XXXX in the Marysville brewery.

    The more cans of worms that are discovered, the more obvious it becomes that the crisis was completely foreseeable. There were three categories of people:

    1. Those who had all the necessary knowledge to see it coming, but knew that a short term personal profit could still be made, so had no motivation to stop it.

    2. Those who knew it was coming, but didn't know how to stop it.

    3. Those were confused about why property prices could rise so steeply, but were too naive to work out the cause.

    The banks were in category (1). Robert Peston, together with a select few, was in (2), but I was in category (1), and so were hundreds of millions of other selfish consumers.

    The banks might well have been a tinderbox forest, and Robert Peston might well be a firebug, but I hold myself more responsible than either of them - I should never have bought a foreign car, or bought groceries at Tesco, or assumed that people who knew more than me were more responsible.

    So there you are - it was all my fault.
     
  16. maltaron

    maltaron

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    Join the club WMS, My wifes small pension, which I paid out of hard earned self employed wages, dropped 34% in the month from estimate to actual payment.
     
  17. dangermouse46

    dangermouse46

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    Ouch!
     
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