Avoid RBS – you already have too much exposure

There are some encouraging signs for RBS. But there’s still far too much to worry about, says Phil Oakley. And as a taxpayer, you’re already exposed to the risks. Don’t increase your exposure by buying the shares as well.

Trying to work out what's going on at RBS is not easy.

People ask "will taxpayers get their money back?" Well, given that the government paid 51p a share on our behalf, there's still a lot to do.

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.