Image source: Getty Images The world is full of get-rich-quick schemes. Buying FTSE 100 shares is not one of them, as far as I am concerned. Still, it could be a path to riches albeit at a more leisurely speed. The foundations of wealth creation In theory at least, getting rich is not that complicated. Buying assets for less (ideally much less) now than they will be worth in future is one way to do it. FTSE 100 shares are a form of asset. But the key point, as far as I am concerned, is that they represent a stake…
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As the most followed CFA charterholder on LinkedIn, Eric Sim, CFA, has expertly leveraged social media to connect with other professionals, build his personal brand, and advance his career. In the How to Master Social Media series, adapted from his recent book Small Actions: Leading Your Career to Big Success, Sim shares some critical lessons on how to make social media work for you. When I was 14, I failed an important English literature exam at my high school. I scored just 28 out of 100, a result that really dented my confidence in my writing abilities. Years later, even after doing well…
President Trump’s promise to curb inflation just got more complicated after January’s Consumer Price Index (CPI) came in hotter than expected this past week. The report rattled markets, putting pressure on stocks while bond yields soared, as investors reduced expectations for an interest rate cut, while some even revived the possibility of a hike. But never mind a hike — a delayed rate cut alone could put President Trump on a “collision course” with the Federal Reserve, warned veteran economist Nouriel Roubini. “Even just keeping them on hold is going to put [Powell] on a collision course with Trump, because…
President Joe Biden after he signed the Social Security Fairness Act at the White House on Jan. 5 in Washington, D.C. Kent Nishimura | Getty Images News | Getty ImagesThe biggest changes to Social Security in years were signed into law on Jan. 5.For more than 3.2 million individuals, that will mean bigger benefit checks. And in some cases, the change will qualify them for Social Security benefits.The new law, the Social Security Fairness Act, repeals two provisions that previously reduced Social Security benefits for individuals who receive pension income based on work where employers were not required to withhold Social…
Image source: Getty Images There are different ways to prepare financially for retirement no matter how far away it may seem. While an obvious one may be a SIPP, an ISA can be useful too. Using the decades before retirement to good advantage, an investor can reap the rewards of taking a long-term approach to investing. Here, as an example, is how someone could turn a £10k ISA into one worth £132,676 over the course of 30 years. So someone 36 or under starting today could do that before the standard retirement age of 66. The retirement age could rise…
Image source: Getty Images Rolls-Royce (LSE:RR) shares are up 158% over five years. That doesn’t tell the whole story because the stock slumped during the pandemic and has since risen 1,500% from its lows. It’s an incredible story and quite frankly, an investor would need ultra strong conviction to remain invested throughout. Nonetheless, a £10,000 investment five years ago would now be worth £25,800. However, at one point, that £10,000 investment would have been worth just £1,300. It’s the type of volatility most of us aren’t used to seeing on the FTSE 100. A fresh start Rolls-Royce has dramatically transformed…
Deputy Commissioner Divya Prabhu G.R.J. has said that the identities of complainants will be kept confidential. | Photo Credit: FILE PHOTO The Dharwad district administration has begun a crackdown on private finance companies and microfinance companies involved in harassment of farmers and rural poor over loan repayment.Police officers have registered over 25 cases against microfinance companies on the charge of harassment, officers said.Investigations have begun from various police stations against such incidents.These steps are in line with the State government’s directions monitoring the private finance sector.The district administration has also introduced a helpline through which victims can file complaints against…
Image source: Getty Images Gold is traditionally seen in some quarters as a safe haven in times of geopolitical volatility. I think the reality is a bit more complicated than that but with the gold price recently hitting all-time highs, clearing the yellow metal has been attracting a lot of buyers. The London market includes multiple gold miners including various penny shares. Given that the gold price has been surging, ought I to add some of these penny shares to my portfolio or perhaps soaring former penny stocks? The economics of gold – and gold mining Before digging into specifics,…
A McDonald’s restaurant in El Sobrante, California, on Oct. 23, 2024.David Paul Morris | Bloomberg | Getty ImagesIn like a lion, out like a lamb.That’s how restaurant executives envision 2025 after a rough start to the year, largely caused by freezing temperatures, wildfires and consumer caution.Many restaurant chains, like Restaurant Brands’ Burger King and Popeyes, said sales improved in the fourth quarter as value offerings brought back diners who had been cooking at home instead. Even McDonald’s domestic traffic grew, despite a 1.4% decline in U.S. same-store sales.But the trend reversed in January.”We’ve started the year facing some overall industry…
Image source: Getty Images Value stocks can go nowhere for years. But when they take off, it’s action stations. That’s certainly the case with two FTSE 100 recovery plays that have been falling for years, despite looking incredibly cheap for most of that time. Investors in Prudential (LSE: PRU) and Schroders (LSE: SDR) have had a miserable time of it. Until now. Any investor lucky enough to take the plunge just one month ago will have seen remarkable gains. Both are up just over 20% in that time. If they’d split a £20,000 Stocks and Shares ISA evenly between these…