Don’t ‘save’ for retirement! I’d buy dirt-cheap UK shares now to make a passive income

July 5, 2021 0 Comments

first_imgSimply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! “This Stock Could Be Like Buying Amazon in 1997” Image source: Getty Images. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Saving money for retirement may not be the best means of making a passive income in older age. Low interest rates mean that obtaining a high annual return that builds a nest egg over time is a very challenging task.As such, investing money in UK shares while they trade at cheap prices could be a more profitable move. In many cases, high-quality companies can deliver rising valuations over the long run as the economic outlook improves. This may lead to a larger income in retirement.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Cheap UK shares can help build a passive incomeThe track record of the stock market shows that UK shares have been a sound means of obtaining a generous passive income in retirement. For example, the FTSE 250 traded at around 6,700 points 20 years ago. Today, its price is around three times that level despite experiencing numerous crashes, downturns and challenges along the way.As such, when reinvested dividends are included, a £10,000 investment in mid-cap shares 20 years ago would be worth around £52,000 today.An investor who buys UK stocks today could realistically obtain an even higher return than that of the stock market. Due to the 2020 market crash, many FTSE 250 (and FTSE 100) shares are trading at prices that may undervalue their long-term prospects.For example, they may face a period of lower demand for their products. Or they could be forced to adapt to changing consumer tastes. However, their financial strength and capacity to adjust over the long run may mean they produce impressive returns, as well as a growing passive income, relative to the wider stock market.Investing money in shares right now versus holding cashBuying cheap UK shares has been a successful strategy to obtain a large passive income in the past. Investors who purchased shares following events such as the 1987 crash, the dot com bubble and the global financial crisis are likely to have benefited from the stock market’s recovery.Since the UK stock market continues to trade at a discount to its all-time high, there may be scope to do likewise at the present time.Of course, holding some cash is always a good idea for all investors. It provides peace of mind during what may prove to be an uncertain period for many people. However, relying on it to build a retirement income is unlikely to be an effective strategy.Certainly, in the past, cash savings accounts were able to offer positive returns on an after-inflation basis to produce a passive income in older age. However, with UK interest rates now almost at zero, the prospects of earning a generous income in retirement via cash savings accounts seem limited.Therefore, capitalising on low valuations across UK shares seems to be a better means of planning for retirement. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares See all posts by Peter Stephens Don’t ‘save’ for retirement! I’d buy dirt-cheap UK shares now to make a passive income Enter Your Email Address Peter Stephens | Saturday, 2nd January, 2021 I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.last_img read more

Oxford City Council promises hotel rooms to homeless amid coronavirus outbreak

May 3, 2021 0 Comments

first_imgThe City Council have stated their intention to move from communal shelter schemes, such as the Floyd’s Row Centre which partially opened earlier this year, to self-contained spaces to accommodate homeless people currently sleeping on the streets or in shared accommodation. So far, 21 hotel rooms have been secured by thecouncil for Oxford’s homeless population. In a plea to hotels and other organisationsfor help with accommodation demands, Councillor Linda Smith said: “Nobodyshould have to sleep rough in Oxford and we’re working with outreach, supportedhousing and day services to protect vulnerable people on our streets and insupported housing from the coronavirus.” As part of these measures, Oxford StreetPopulation Outreach Team (OxSPOT) has closed its assessment service inBonn Square to allow for a stronger outreach presence on the streets, providingrough sleepers with information on the symptoms of COVID-19 and advice of stepsto take if individuals believe they have the virus. Last week the Communities Secretary announced a £3.2 million emergency fund to assist Britain’s rough sleepers to self-isolate and protect them from the spread of coronavirus. Oxford City Council has secured up to £32,250 from the government’s nationwide fund to cover the cost of supporting Oxford City’s homeless population. The City Council have further announced that they will be working with The Porch day centre to provide daytime support for rough sleepers in self-contained accommodation. In line with the government’s social distancing measures, these day services are planned to include a mobile service to deliver meals and essential supplies for rough sleepers. A further 60 beds are being urgently sought througha range of options to provide self-contained accommodation for the entirety ofOxford’s homeless population.center_img Oxford City Council has pledged additional support for rough sleepersamidst the COVID-19 outbreak. These new measures follow Prime Minister Boris Johnson’s announcement ofa nation-wide lockdown in order to prevent the spread of coronavirus. Support includes self-contained accommodation, a measure which came into force over the weekend when the Council activated severe weather emergency protocol (SWEP) to open emergency beds for rough sleepers following the Met Office’s forecast of sub-zero temperatures. The City Council announced on Wednesday that it intended to providehotel rooms for up to 100 people to support those either sleeping on the streetor in communal hostel spaces.last_img read more

Kellogg in snacks deal

April 21, 2021 0 Comments

first_imgUS-based Kellogg Company, in Michigan, is expanding its capacity, after acquiring the assets of IndyBake Products LLC and Brownie Products, a privately- held contract manufacturing business.IndyBake and Brownie Products produce cracker, cookie and frozen dough items at two manufacturing sites, located in Seelyville, Indiana and Gardner, Illinois. These sites will now be integrated in Kellogg’s US Snacks manufacturing network. David Mackay, president and chief executive officer, Kellogg Company said: “This acquisition will help us expand our capacity to manufacture our snack products as well as enable new product innovations.”IndyBake Products and Brownie Products saw combined revenues of approximately $50 million in 2007.last_img read more

Rich-lister Tony Quinn lists luxury Gold Coast apartment

September 28, 2020 0 Comments

first_imgTony Quinn is selling his Main Beach property.Gold Coast entrepreneur and rich-lister Tony Quinn is selling his Main Beach apartment.Mr Quinn, who has had considerable success in business, selling the VIP Petfoods for $410 million and confectionary maker Darrell Lea for $200 million, listed the property with Ray White Prestige Gold Coast’s Robert Graham. MORE NEWS: Designer’s house sells in $3.75 million deal The three-bedder went to auction last month but was passed in at $5.6 million. It then hit the market at $5.975 million.“The apartment blends high class luxury finishes with relaxed beachside undertones that include herringbone hardwood flooring, marble, limestone, travertine, timber and stone throughout,” the listing states.More from news02:37International architect Desmond Brooks selling luxury beach villa8 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago“Situated in an absolute beachfront position, this boutique residential only building of only 7 apartments occupies the prefect location with in walking close to the up-market Tedder Ave cafe and restaurant precinct as well as Marina Mirage and Palazzo Versace.” The impressive kitchen and ocean views.Mr Quinn no stranger to Gold Coast real estate – he has sold several properties over the past five years including a Tamborine Mountain mansion and another Main Beach apartment. Tony Quinn’s Main Beach property is on the market. MORE NEWS: House on Gold Coast beachfront sells for $450,000 above reservelast_img read more

BMV announces holiday hours

September 24, 2020 0 Comments

first_imgBatesville, In. — All Indiana Bureau of Motor Vehicle branches will be closed Thursday, November 23 and Friday, November 24 in observance of the Thanksgiving holiday.Branches resume regularly scheduled business hours on Saturday, November 25.For a complete list of branch locations and hours, or to complete an online transaction, visit the website.last_img

Tony Pulis tips Alan Pardew to be next England manager

September 20, 2020 0 Comments

first_img Hodgson is contracted to the Three Lions until July 2016 with the Football Association delaying fresh talks ahead of next year’s European Championship and Pulis believes Pardew must be in the running whenever a change comes. “I’ve heard people say Alan has spent a lot of money since he’s been there but he’s done a fantastic job,” he said. “When you look at Alan’s record over the years he has been as good as anyone and I know Roy will want to do this Euros and most probably the next World Cup but if you are looking for the next England manager Pardew has got to be looked at. “He is definitely one who would come into the frame. He’s done very well wherever he has been. He did a fantastic job at Newcastle and I don’t think he got the credit he deserved there. “He has been to Palace and picked it up. They have given him money to spent but he’s got players like (Yohan) Cabaye who have come in and done exceptionally well. “He deserves a lot of credit.” Pulis returns to Selhurst Park having left in August 2014 after steering the club to safety in the top flight in 2013-14, winning the Barclays Premier League Manager of the Season. He is without defenders Jonas Olsson (groin) and Gareth McAuley (calf) while Salomon Rondon is also expected to miss out with a back injury he suffered in the 3-2 defeat to Everton on Monday. Press Association The Baggies lost a 2-0 lead against the Toffees and Pulis knows their away form has been key with the side earning seven of their eight points this season on the road. “Monday was a bad knock for us, we didn’t deserve to lose the game,” he said. “The home games were always going to be tough. Everton have been a top eight team, Southampton have been exceptional and then we had Man City and Chelsea. What’s been very good is the away form and that’s subsidised the lack of points at home.” Baggies head coach Pulis reckons Crystal Palace manager Pardew deserves to be in the running for the job when Roy Hodgson eventually leaves. Pulis goes back to his former club on Saturday with Pardew having guided the Eagles to seventh in the Barclays Premier League after some fine early-season form. West Brom chief Tony Pulis believes Alan Pardew could be the next England boss. last_img read more

Bartica Regatta Motocross…BLB racing team revving for this weekend’s showdown

September 18, 2020 0 Comments

first_imgTHIS Saturday, the Annual Motocross event speeds off at the Mongrippa Hill ground in Bartica, as part of the town’s activities for the annual Regatta festivities.And, like the consistency of the Bartica Regatta that has been the annual marquee event in the town for decades, defending 125cc champions, BLB racing team, aims not only to defend their title but to be a force to reckon with for years to come.In a correspondence to the media, the Bartica-based racing team that consists of Andrew Wong with his 2018 KTM 125cc dirt bike, Bobby Rasul ( 2019 YZ Yamaha 125cc) and Stephen Vieira (2016 YZ Yamaha 125cc), noted confidence of a repeat of their impressive showing last year.At the 2018 Bartica Regatta Motocross event, Rasul and Vieira were tied for the champion biker accolade in the 125cc event after both of them notched up one win, one second and one third place finish in their three races while Wong won the third race.News from Team BLB indicates that their machines are in prime working condition while reports from Bartica has revealed that the Mongrippa Hill ground has all systems in place for keen rivalry amongst bikers from Georgetown, Essequibo and Bartica.last_img read more

Family of boy left on school bus in Palm Beach County gets $200,000 settlement

August 12, 2020 0 Comments

first_imgBack in 2015, a 7-year-old boy with autism was left on a school bus for more than five hours.According to, The Palm Beach Post the family of the boy will receive $200,000 from Palm Beach County public schools.Officials say the boy hopped on the bus to head to school, and he remained on the bus even after the bus driver returned to the bus depot. A mechanic found him.last_img

Daniel Gallagher named Business Person of the Year 2019

December 21, 2019 0 Comments

first_imgDaniel Gallagher, Managing Director of North West Aluminium, has been named as Business Person of the Year at last night’s Letterkenny Business Awards 2019.Mr Gallagher became the MD of the Kilmacrennan-based firm more than a decade ago and has been instrumental in bringing it to its market-leader status.North West Aluminium is one of  Ireland’s largest manufacturers of roofing accessories and ventilation products.  With 50 employees, the company is planning a new expansion and is currently moving into the UK market, with a third of output going to the UK. The Business Person of the Year Award 2019 was presented at the Letterkenny Chamber awards in the Clanree Hotel, with more than 400 in attendance.On accepting his award, Daniel said: “It’s about having good people and the right people.”Also on the night, John Loughrey of John F. Loughrey Financial Services was added to the Letterkenny Chamber’s Hall of Fame.See the full list of winners below:  Business Person of the year – David Gallagher, NW AluminiumHall of Fame 2019 – John Loughrey, John F. Loughrey Financial ServicesExcellence in Customer Service – Michael Murphy Sports and LeisureGrowth Through Export Award –McMonagle StoneEmployee of the year – Shane McClafferty, Eurospar Gortahork Business Excellence Award – Letterkenny GlassBest Community Health and Well-Being Initiative – Donegal Women’s CentreBest Innovation & Creativity Award – Inishowen EngineeringExcellence in Marketing Award –Castle Grove Country House Hotel Best Start-Up Business Award – Luca’sRetailer of the Year – Magees PharmacyFemale Achiever Award – Annette Houston, FM CleaningBest Tourism Initiative Award – Donegal AirportEmbracing Cross Border Trade Award – Bolt-OnProfessional Services Award – Donaghy Safety Training LTDDaniel Gallagher named Business Person of the Year 2019 was last modified: November 9th, 2019 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:daniel gallagherletterkenny business awards 2019Letterkenny ChamberNW Aluminiumlast_img read more

Cavaliers trade Irving to Celtics for Thomas — source

November 30, 2019 0 Comments

first_imgLacson: PH lost about P161.5B tax revenue from big trading partners in 2017 PLAY LIST 03:46Lacson: PH lost about P161.5B tax revenue from big trading partners in 201700:50Trending Articles00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games UPLB exempted from SEA Games class suspension The 28-year-old Thomas, taken with the final pick in the second round in 2011, can become a free agent when his contract ends after next season.His reputation in Boston was cemented when he led the Celtics through the playoffs last season despite the death of his sister on the eve of the postseason. He also had a front tooth knocked out during the second-round series against Washington and the hip injury eventually forced the team to shut him down early in the East finals, won by the Cavaliers in five games.Thomas believes he is worthy of a maximum contract and has quoted saying, “They better bring out the Brinks truck.”Cleveland is also getting Crowder, a solid perimeter defender, and a first-round pick that Boston got from Brooklyn. The package could help the Cavs reload if James opts out of his contract next summer and leaves Cleveland for a second time.The Vertical first reported the possible blockbuster deal.ADVERTISEMENT Catriona Gray spends Thanksgiving by preparing meals for people with illnesses Read Next Mayweather, McGregor trade verbal jabs as countdown begins MOST READ LATEST STORIES SEA Games: PH’s Alisson Perticheto tops ice skating short program Since Irving made his stunning request, the defending Eastern Conference champions have been looking for a trade partner. They found the perfect one in the Celtics, who will now build around Irving and newly signed free agent Gordon Hayward.Irving’s first regular-season game for Boston will be against Cleveland as the Cavs will host the Celtics on Oct. 17 — a date being circled by fans already.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutIrving, who made the biggest shot in Cleveland history to win the 2016 NBA Finals, is joining a Boston team that lost to Cleveland in last season’s conference finals and has been unable to unseat LeBron James and Co. in recent years.The Cavs were concerned about getting equivalent value for Irving, who has two years remaining on his contract, but in the 5-foot-9 Thomas they are adding one of the league’s most dynamic playmakers. Thomas averaged 28.9 points last season. He missed most of the East finals with a hip injury. Don’t miss out on the latest news and information. Brace for potentially devastating typhoon approaching PH – NDRRMC SEA Games in Calabarzon safe, secure – Solcom chief LOOK: Venues for 2019 SEA Games WATCH: Streetboys show off slick dance moves in Vhong Navarro’s wedding JUNE 09: Kyrie Irving #2 of the Cleveland Cavaliers reacts in the second quarter against the Golden State Warriors in Game 4 of the 2017 NBA Finals at Quicken Loans Arena on June 9, 2017 in Cleveland, Ohio. Jason Miller/Getty Images/AFPCLEVELAND — Kyrie Irving’s next cross-over will come against the Cavaliers.Cleveland’s All-Star guard, who asked owner Dan Gilbert to trade him earlier this summer, was dealt Tuesday night to the Boston Celtics in exchange for star Isaiah Thomas, forward Jae Crowder, center Ante Zizic and a 2018 first-round draft pick, a person familiar with the deal told The Associated Press.ADVERTISEMENT LIST: Class, gov’t work suspensions during 30th SEA Games The Cavs drafted Irving with the No. 1 overall pick in 2011. He struggled in his first few seasons but blossomed in recent years alongside James. However, that didn’t seem to be enough for the 25-year-old, who has wanted to be the prime player and focal point on his own team.He got his wish. View commentslast_img read more