OT shares
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does anyone dabble in shares? are they a good investment anymore, my old chap did well from his BT shares a few years back

once a year we get the oppotunity to take part in share save i am thinking of signing up for the 3 year program, we have been offered to buy shares at £7.33 fixed over the three year period, there currently at £7.51 and were £5.80 12 months ago

i wouldn't with your luck dude!

i thought you worked for the council?

is this once of those schemes wehere you cant loose? you payin (for example) £2000 over 3 years, if the shares depreciate then you get back the original £2000. If they increase then you get the profit aswell. thats how mine (and tom F's by all accounts) work

i do work for and at the council but my department went to capita 1st feb

yes i believe thats how they work

all the chaps at work regularly take part in the share save and most have made a lot of money out of it. The way they look at it means that at worst you come out evens, although yours look a slightly higher price than what they pay comparitively

Edited by andeh on 31st Aug, 2007.

I've seen the future and tbh its Pie

Best to check if you buy shares throughout the scheme, or the OPTION TO BUY after three years.
If its a case of making a choice at the end of the scheme, i would do it...you can't lose .

It sounds like the same kind of scheme I am in, to be honest mate if you can afford to put some in each month then my advice is DO IT, if the share price goes down you get your money back and it was a way of saving that you can't touch, if the share price goes up then you are laughing!
I'm in two schemes at the moment, one finishes this january coming, the other the january after, its one of the best things I've ever done.

Agree with Tom, if you have the cash its a good idea, capita look strong so you could do well out of it.

i work for an offshore fund house dressed up as a life assurance company

my honest advice would be consult an IFA (Independent Financial Advisor)

If this really is a capital protector scheme (zero risk) then Id say do it by all means, but seek advice first.

Joe

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