Image source: Getty Images Investing in a Self-Invested Personal Pension (SIPP) is one of the best ways to build retirement wealth. Apart from being able to tap into the lucrative gains of the stock market, SIPPs provide invaluable tax relief. Of course, as with every investing account, the challenge is knowing where to invest capital to ensure a chunky pension pot in the future. With that in mind, let’s explore how I’d go about investing my first £1,000 of a retirement portfolio. Starting a portfolio with £1,000 The tax advantages of a SIPP are incredibly powerful. Even for those paying…
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Haas F1 Team principal Ayao Komatsu clarified that there are no discussions about a “first refusal” option for Toyota regarding a potential sale of the team. Despite recent speculation, Komatsu emphasized that team owner Gene Haas is not interested in selling the team and remains committed to improving its performance. This statement comes after Haas struck a technical partnership with Toyota’s Gazoo Racing arm, which began during the 2023 United States Grand Prix. The partnership is focused solely on technical collaboration rather than any ownership changes. Komatsu elaborated on Gene Haas’s stance, noting that Haas has consistently refused multiple offers…
Investing.com — As Europe heads into winter 2024-25, analysts at Bernstein note that the market is showing signs of tightening, driven by multiple supply and demand pressures and further compounded by the potential impact of a second Trump presidency. According to the firm’s analysts, the European gas benchmark, TTF, has climbed nearly 30% year-to-date, pushing January 2025 prices to around $12.4/mmBtu, close to Bernstein’s long-term forecast of $11.60/mmBtu. This increase is seen as reflecting a range of issues, from declining domestic production to rising global demand for LNG. The firm explains that European domestic gas production has been dwindling, particularly in…
The Las Vegas Grand Prix qualifying session for the 2024 Formula 1 season will take place at 10 pm local time on Friday, November 22. However, due to time zone differences, viewers worldwide will experience the event on Saturday, November 23. In the United States, the session airs at 10 pm Pacific Time, but for other regions like the UK, Europe, and Asia, qualifying starts from early morning to afternoon. For example, fans in the UK can tune in at 6 am, while viewers in Australia and New Zealand can catch it at 5 pm and 7 pm, respectively. Fans…
Image source: Getty Images Trainline (LSE: TRN) is a FTSE 250 stock that’s been hurtling uphill in recent times. It’s gained 41% in just the two months, and has surged by 153% since March 2022. But it’s not the sharp rise that’s brought the train e-ticketing company to my attention as a possible investment. It’s the fact that I’ve used the app dozens of times over the past few years. Peter Lynch famously told investors to “invest in what you know,” but only after using one’s knowledge of a company as a starting point for deeper research. It rarely pays to…
Oscar Piastri has been playing a supportive role for his McLaren teammate, Lando Norris, as Norris remains in contention for the 2024 Formula 1 title. Piastri has made sacrifices for Norris in recent races, particularly in Brazil, where he stepped aside to allow Norris to claim the Sprint victory. Despite the selflessness of these actions, Norris admitted feeling conflicted about the situation, as it was in the context of his ongoing title fight. Piastri’s race engineer, Tom Stallard, highlighted the positive and team-oriented approach the young Australian has shown throughout the season. Stallard explained that Piastri’s attitude toward team orders…
(Bloomberg) — Foreign companies pulled more money from China last quarter, a sign that some investors are still pessimistic even as Beijing rolls out stimulus measures aimed at stabilizing growth. Most Read from Bloomberg China’s direct investment liabilities in its balance of payments dropped $8.1 billion in the third quarter, according to data from the State Administration of Foreign Exchange released late Friday. The gauge, which measures foreign direct investment in China, was down almost $13 billion for the first nine months of the year. Foreign investment into China has slumped in the past three years after hitting a record…
Guenther Steiner, the former team boss of Haas, recently shared his opinion on Lance Stroll’s Formula 1 career, specifically commenting on the Canadian driver’s performance during the Brazilian Grand Prix. Steiner suggested that if Lawrence Stroll, Lance’s father, did not own Aston Martin, his son would not be in F1. This is not because Stroll is a poor driver, but because Steiner believes Lance doesn’t actually want to race in F1. Steiner’s harsh assessment came after a particularly disastrous weekend for Stroll at the Brazilian GP, where a series of errors highlighted his struggles on track. Stroll’s weekend in Brazil…
Federal Emergency Management Agency (FEMA) Administrator Deanne Criswell stands next to a track map of Hurricane Ian, during a press conference at FEMA Headquarters on September 28, 2022 in Washington, DC.Kevin Dietsch | Getty Images News | Getty ImagesThe Federal Emergency Management Agency on Saturday confirmed that it fired an employee who had instructed relief workers in Florida to not go to homes with yard signs in support of then presidential candidate Donald Trump.”This is a clear violation of FEMA’s core values and principles to help people regardless of their political affiliation,” FEMA Administrator Deanne Criswell wrote in a statement.…
Image source: Getty Images When I think of a penny stock, I tend to envision an embattled enterprise with a flimsy balance sheet. Or a mining explorer that’s heavy on promise and light on substance. There are certainly lots of those around. However, some small-cap firms are regularly profitable and even pay dividends. Here, I’m going to take a look at one former penny stock that I’d buy today if I had spare cash sitting in my investment account. Technicality Before I start though, why am I using the phrase ‘former’ penny stock? Well, a common definition of a penny…