No savings at 40? 3 myths that hold investors back

first_img Our 6 ‘Best Buys Now’ Shares Enter Your Email Address Paul Summers | Sunday, 28th February, 2021 Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. No savings at 40? 3 myths that hold investors back While the stellar recovery in share prices over the last few months has generated more interest in the stock market, I’d bet that many in the UK who could start building a decent nest egg will still refrain from doing so. Here are what I believe to be some of the most prevalent reasons for this and why these ‘myths’ are simply wrong.1. “I’m not rich enough”The idea that in order to make money from investing, a person already needs to be wealthy is completely false. These days, it’s possible for anyone to begin investing by opening a Stocks and Shares ISA and contributing as little as £25 a month.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…Sure, that still requires sacrifice. However, automating savings in such a way that this amount is moved to the ISA on the same day a person gets paid takes the sting out of it. After a few months, it may not even register.Of course, buying shares every month will still cost money in the form of commissions paid to brokers. Again, there’s a way of minimising the pain involved by taking advantage of that broker’s regular investing service. Here, shares are purchased on set days every month. Depending on the broker, this can actually reduce fees to zero! 2. “Investing is too hard”Actually, investing doesn’t need to be difficult at all. Like most things, it depends on the way we approach it.Yes, becoming a successful active investor who picks their own stocks can take effort and a willingness to do ongoing research. Regardless of the potential benefits to one’s net worth, that clearly won’t be everyone’s cup of tea.Fortunately, there’s more than one way to make money from the stock market. One alternative is to buy a group of ‘active’ or ‘passive’ funds. This reduces risk by spreading money around more stocks and requires minimal maintenance on the part of the investor. In fact, I’d go so far as to say that the hardest part of investing is behavioural. In other words, it’s about learning to manage one’s emotions, specifically greed and fear, and not allowing them to dictate financial decisions. As experienced market participants will know, doing as little as possible is often the best strategy.3. “I’m too old to start”To stand a better chance of becoming wealthy from the stock market, it certainly pays to begin as early in life as possible. This is because a longer time horizon allows someone to benefit more from the ‘magic’ that is compounding (earning interest on interest).That said, there’s a good chance someone in middle age with no prior savings at all can still do well. Investing £25 per month for 30 years — a realistic time period for someone in their 40s — could see them accumulate a little over £28,000.Although likely requiring more risk, this end result would be even higher if this person were able to achieve an annualised return above 7%. As someone in my 40s, this is something I’m trying to do myself. My personal strategy is to invest a good proportion of my money in small-cap companies. These have a better chance of growing at a faster clip than your typical FTSE 100 giant. Put simply, age should not be considered a barrier to successful investing. Like most things, the key is to get started!  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. Get the full details on this £5 stock now – while your report is free.center_img See all posts by Paul Summers 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. Simply click below to discover how you can take advantage of this. Image source: Getty Images FREE REPORT: Why this £5 stock could be set to surge Paul Summers has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.last_img read more

Unionists want Bloody Sunday invesigation to include Martin McGuinness

first_imgNewsx Adverts NPHET ‘positive’ on easing restrictions – Donnelly By News Highland – July 6, 2012 Pinterest Twitter There have been calls for investigators to look into what role, if any, the North’s Deputy First Minister played on Bloody Sunday.13 people were shot dead by the British Army in Derry in 1972.The Saville Inquiry said it was likely Martin McGuinness was in the city and ”probably armed with a sub-machine gun.”A murder investigation – involving up to 30 P-S-N-I staff – has now been launched by Police in the North.Ulster Unionist MLA Tom Elliott believes Mr McGuinness has questions to answer:[podcast][/podcast] Unionists want Bloody Sunday invesigation to include Martin McGuinness Pinterest WhatsApp Three factors driving Donegal housing market – Robinson RELATED ARTICLESMORE FROM AUTHOR Facebookcenter_img Google+ Twitter Previous articleJudge orders end to Bundoran club’s ‘drinks war’Next articleEaragail Arts Festival kicks off as Clipper race leaves Derry News Highland Facebook WhatsApp 448 new cases of Covid 19 reported today Google+ Calls for maternity restrictions to be lifted at LUH Help sought in search for missing 27 year old in Letterkenny Guidelines for reopening of hospitality sector publishedlast_img read more

Cause marketing is the glass slipper to credit unions’ Cinderella

first_imgMillennials (myself included – yay for only being 21!) have become the darlings of the business world, captivating marketers and companies alike. We’re kind of like that 12-point buck every hunter dreams about, but can’t quite get. This, however, rarely stops a good hunter from trying. While I’ve never hunted, you tend to learn a thing or two when you live in Clemson for long enough, and I do know that you shouldn’t stop trying to attain something even though it seems impossible. Credit Unions shouldn’t quell their desire to gain our loyalty. So, how can you entice my coveted generation using traditional and digital marketing tactics? Cause marketing ­– plain and simple.Call millennials what you will – *cough*selfish*cough* – social responsibility has taken a front seat in our concerns and decision-making processes when it comes to purchasing. Credit Unions were MADE for cause marketing and social responsibility. It quite literally is your niche. The credit union tenants hit every basic point that drives the millennial interest. continue reading » 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more