Forget buy to let! I’m buying cheap FTSE 100 shares to get rich and retire early

first_imgForget buy to let! I’m buying cheap FTSE 100 shares to get rich and retire early Our 6 ‘Best Buys Now’ Shares Tom Rodgers | Monday, 10th August, 2020 See all posts by Tom Rodgers 5 Stocks For Trying To Build Wealth After 50 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. There are many ways to make money as an investor. Some attempt to build a UK buy-to-let empire to supplement their income in retirement. But I think there’s a much better way. For me, it’s buying cheap FTSE 100 shares.The admin requirements for buying and holding buy-to-let property are extensive, time-consuming and often confusing. The capital outlay is weighty. You’d better have amassed a small fortune before you even start.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…That’s before we consider the harsher tax treatment for buy-to-let landlords that makes these property investments much less attractive.Buy to let againThe UK property market is in a constant state of flux. And while there are maps of the best-returning rental areas across England and Wales, these change constantly.Headline yields of 8%, 9% or 10% a year can compete with the best cheap FTSE 100 shares, certainly. But there is no real way to rely on the income from buy to let. Bad tenants are everywhere.Yes, background checks can weed out the worst of them. But if a good tenant falls into financial difficulty through no fault of their own, you could lose out on rent for months at a time. That’ll kill those 8%-10% yields. And with the UK jobs market shrinking and unemployment rising, there are far too many unknowns on the horizon.Depressing July 2020 forecasts from the OECD says that the UK jobless rate is likely to triple to nearly 15% if we are hit with a second coronavirus wave.Buy cheap FTSE 100 shares insteadBuying FTSE 100 shares, by contrast, is remarkably easy. I set aside a few hundred pounds a month and buy top blue-chip shares like BP, Royal Dutch Shell and Legal & General.With my ISA and SIPP provider, Hargreaves Lansdown, I get a discount on the cost of buying shares because I do so in regular amounts every month.Now is one of the best times to buy cheap FTSE 100 shares because the choice is wide and the potential returns greater than they have been for some time.The Bank of England has said that the UK economy likely won’t return to where it was pre-pandemic until late 2021. That means there are plenty of quality companies experiencing a short-term share price dip. Buying cheap FTSE 100 shares now offers the chance for share price appreciation as confidence creeps back into markets. You also get dividend payments as a bonus for holding on to stock.Reinvesting dividendsMost Stocks and Shares ISAs allow you to automatically reinvest dividend payments. It’s a low-stress process that requires zero brain space.Recently I saw the fruits of my regular investing process.For buying up 457 shares in Legal & General, the company paid me a dividend of 12.64p per share. That equals £57.76.I didn’t take that cash out of my Stocks and Shares ISA as income. Instead the ISA automatically reinvested the money to buy more Legal & General shares.These small incremental gains will mean that in 10 years time I will have amassed a serious amount of LGEN shares, with my dividend payments growing in turn every year.Even if I didn’t already own LGEN stock, at a dividend yield of 7.65% and a low P/E ratio of 7.4 times earnings, I’d be happy to invest in these cheap FTSE 100 shares. TomRodgers 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.center_img Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away. 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. Click here to claim your free copy of this special investing report now! Simply click below to discover how you can take advantage of this. Enter Your Email Address Image source: Getty Images last_img read more

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Schumer to FAA: Ban Drones from Drug Dealers, Private Investigators

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Americans by now are familiar with the government’s use of drones to kill alleged terrorists—with civilians oftentimes caught in the crosshairs—or as a tool for surveillance, but it’s how some people domestically are using drones that has Sen. Chuck Schumer calling for stricter guidelines.New York’s senior senator this week penned a letter to the Federal Aviation Administration and Commerce Department calling for a ban on drones used by private investigators and drug dealers and a release of privacy rules and guidelines for private drone use by the end of 2014.“Confusion over the lack of regulations surrounding drone use is causing problems throughout the country,” Schumer wrote. “There are a number of unregulated small drones throughout New York City, as well as other parts of the state, threatening safety and privacy.”Schumer cited reports of private investigators spying on couples cheating on each other, people lying about disabilities and others involved in criminal activities. He also mentioned several cases of drug dealers using drones to deliver illegal drugs, a near drone-NYPD helicopter collision over the George Washington Bridge in July, reports of drones flying too close to airports, and a failed attempt by someone using a drone to fly marijuana and cell phones into a South Carolina maximum-security prison. The drone crashed short of the prison, he said.He blamed a lack of clear rules from the FAA for the “confusion as to what is legal, and the blatant abuses of this great technology.”“New York City has become the wild, Wild West for commercial and hobby drones,” he said.Drones are currently used by the U.S. government to aid in military operations overseas and domestically for border patrol operations, disaster relief, search and rescue missions, real estate sales and agriculture.Currently, the FAA says drones should be flown below 400 feet and a “sufficient distance from populated areas and full scale aircraft.”The FAA Modernization and Reform Act, passed in 2012, stipulated that the FAA come up with a plan for safe integration of drones by September 2015—a deadline the agency may not meet, according to a recent inspector general’s report, Schumer said.According to Schumer, President Obama will issue an executive order to have the Commerce Department develop guidelines and best practices for commercial drones.last_img read more

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Lady Bulldog And Lady Wildcat Linksters Start Off Season At Richmond Invitational

first_imgThe Batesville Lady Bulldogs started the season with a third-place finish in the Richmond Invitational on Monday. Richmond won the tournament with a 339. Franklin co was second at 359 and Batesville third with a 372. Emma Weiler of Batesville was meet medalist with a one-over-par 73.Courtesy of Bulldogs Coach Tom Meyer.FCHS Girls Varsity Golf team started off the season Monday at the Joe Moehring Girls Golf Tourney in Richmond. The Lady Cats finished in 2nd place behind the host Richmond Red Devils. Wildcat Golfer Results:Gracie Graf – 85Camryn Brewer – 85Nicole Mears – 91Crystal Calihan – 98Kelsie Brackney – 116 The Lady Wildcats will be back in action Tuesday at the Union County Tourney.Courtesy of Wildcats AD Denny Dorrel.last_img read more

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