Banking shares, a good time to invest???

Well less than a year ago RBS Groups shares peaked at around 618p a share - yesterday I bought 1500 at 55.8p each (£873), now that the goverment has given them a massive cash injection (by effectively buying the bank), the shares have already increased to 72.5p per share, therefore mine are now worth £1087.5, thats a few hundred quid made overnight. If the shares reach even a third of their previous peak (£2.50ish) I'll have shares worth around £3750 so I will be a happy man.

On the flip side of the coin I may be out of pocket £873 plus the £25.75 purchase fee, but its a calculated risk I'm willing to take.

RBS Current share price 21.00p; thus its a risky business at the moment.

RBS is one of the most risky investments out of the banks imo. You can make a lot of money out of any bank that survives, RBS could give the most return if it fully recovers (years..) but why not settle for a more secure bank. It will still give you 2-3 times the investment made if you buy the shares below 100p. Personally I've gone for lloyds, probably because they're a super bank now that will turn around very well imo. Again getting an average price on your shares below 100p will guarantee you a great return! You can still make a nice profit buying below 200p... remember banks that survive will always get rich again, share prices well over 300p in time.

Barclays is a safer bet imo but do your homework properly for yourself...