Image source: Getty Images A Stocks and Shares ISA is a suitable platform for long-term investing. That can also make it a convenient way to try and earn passive income by investing in dividend shares. That can be enormously lucrative for the patient lifelong investor. To show how it can be done, I will walk through an example of someone who puts a £20,000 ISA to work over 50 years. The first half of that period is about growing the value of the ISA. The second 25 years involves drawing a passive income each year, without touching the capital. For…
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Using the 2 Stage Free Cash Flow to Equity, Leggett & Platt fair value estimate is US$11.82 Leggett & Platt’s US$9.89 share price indicates it is trading at similar levels as its fair value estimate The US$10.00 analyst price target for LEG is 15% less than our estimate of fair value Today we will run through one way of estimating the intrinsic value of Leggett & Platt, Incorporated (NYSE:LEG) by projecting its future cash flows and then discounting them to today’s value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. Believe it or not,…
The long-term aspirational goal of the Paris Agreement on climate change is to cap global warming at 1.5 degrees Celsius above preindustrial levels, and thereby reduce the frequency and severity of floods, droughts, wildfires, and other extreme weather events. Achieving that goal will require a massive reduction in global carbon dioxide (CO2) emissions across all economic sectors. A major roadblock, however, could be the industrial sector, which accounts for roughly 25 percent of global energy- and process-related CO2 emissions — particularly within the iron and steel sector, industry’s largest emitter of CO2.Iron and steel production now relies heavily on fossil…
Image source: Getty Images Lots of people dream of building wealth over the years and decades. Different people each try their own way to do that. One approach is to invest in a portfolio of blue-chip FTSE 100 shares. That is potentially a lucrative way to build wealth over time. Here is how. Building wealth with blue-chip shares To illustrate, imagine someone tucks away £300 each month into a Stocks and Shares ISA, share-dealing account, or SIPP. Without doing anything else, that would add up to £36,000 per decade. So, doing it for 30 years would mean they had saved…
Ben EisenBen Eisen has been named personal finance bureau chief at The Wall Street Journal.He has been deputy bureau chief since February 2024.As a reporter, his articles have focused on the people who power the American economy and its financial system. He has traveled the country to report on families trying to obtain homeownership and hold on to it; small-time real estate investors and business owners; and the leaders of powerful financial institutions.Previously, Ben was a banking and finance reporter. He led coverage of some of the nation’s largest consumer banks, connecting the decisions inside large financial institutions to the individuals…
President Donald Trump’s latest steel and aluminum tariffs doubled the previous tariffs on imports of those metals to 50%. Those import taxes will, no doubt, be tough on a lot of sectors of this economy, and, by extension, U.S. consumers.But the American steel industry is welcoming the new tariffs. In fact, domestic steel producers have been investing in new capacity ever since Trump first imposed tariffs on imported steel and aluminum back in 2018.Pacific Steel Group, a steel fabricator and installer based in Southern California, is in the early stages of building a new steel mill in the Mojave Desert.…
It’s been a tricky week for the UK government, and a turbulent week for financial markets as a result. Chancellor Rachel Reeves’ much-touted welfare reform bill faced a huge rebellion from backbench Labour MPs and had to be heavily watered down to get over the line. Last minute-concessions by Keir Starmer’s government – primarily the scuppering of plans to restrict eligibility for the so-called personal independence payments (PIP) – are likely to blow a hole in the £5bn a year the reforms were designed to save. It was enough to send gilt yields higher as investors questioned the government’s grip…
Metal producers in the European Union are lobbying the bloc to impose export duties or curbs on scrap metal shipments “in the next few weeks” to stem a sharp increase in flows to the United States caused by the Trump administration’s trade policies. Source link
Image source: Getty Images As a long-term shaeholder, thinking about my Self-Invested Personal Pension (SIPP) chimes perfectly with my ideal timeframe for investing. That has got me thinking about not just specific shares I would like to own in my SIPP, but also the type of shares. Looking beyond the short term For example, with decades left until I expect to be drawing down my pension, I would ideally be buying shares now that I think could still merit a place in my SIPP by the time I retire. Billionaire investor Warren Buffett has said that his favourite holding period…
Question [00:00:03] “How do you see the energy transition in a broader economic context? Do we have the market design system in place to achieve net zero goals?” Prof. Michael Pollitt [00:00:09] The energy transition is about pricing the carbon externality, and that’s about raising the price of carbon in the global economy in order to reduce the externality. So that is, you know, the fundamental economic problem that we need to deal with. Question [00:00:27] “Where do you see Europe, the US, Africa and Asia on the energy transition runway? What are some interdependencies?” Prof. Michael Pollitt [00:00:34] I think that Europe is…