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Why I think the National Grid share price can help you get rich

first_img The National Grid (LSE: NG) share price is hardly the most exciting blue-chip stock. However, it’s one of the most predictable operations in the FTSE 100. I think this predictability is one of the company’s most attractive qualities.Today, I’m going to explain why I reckon this can help you get rich and retire early.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…Slow and steady  The National Grid manages the bulk of England’s electricity distribution network. The company is highly regulated and owns a portfolio of valuable assets, which are crucial for the UK’s national security and energy independence.What’s more, replicating this network would be virtually impossible. It would cost hundreds of billions of pounds and require years of legal wrangling. As a result, the company has a considerable competitive advantage. This makes the National Grid share price highly attractive, in my opinion. The unique nature of the group’s operations means that it’s unlikely to face any significant competition. That makes the firm’s bottom line relatively predictable. At the same time, the organisation is investing in its US network. This is the growth part of the business. National Grid already controls most of the UK distribution market, which limits the group’s potential for growth. On the other side of the Atlantic, however, the company’s growth is just getting started.Management is investing billions in the US to grow its presence in the market. The investment should help the company’s bottom line to continue to expand for the foreseeable future.Time to buy the National Grid share price? All of the above suggests the National Grid share price can produce steady, growing returns for investors over the long term. As such, I reckon the stock could be a great addition to any retirement portfolio. The best retirement investments are those which investors can buy and forget. There are only a handful of companies I’d trust to look after my money on a multi-decade horizon. The National Grid share price is one of those.The company’s competitive advantages should protect its income stream and dividend to investors. At current prices, the stock supports a dividend yield of 5.4%, that’s extremely attractive in the current interest rate environment. Even if the stock doesn’t produce any capital returns over the next decade, thanks to the power of compound interest, this dividend yield could help you build your financial nest egg.According to my figures, an initial investment of £10,000 with subsequent monthly investments of £200 would be worth £426,000 after 40 years. That’s assuming an average annual interest rate of 5.4% and the reinvestment of all dividends. Based on these figures, I reckon the National Grid share price can help you get rich and retire early. Therefore, it could be worth including the stock in a diversified retirement portfolio today. Our 6 ‘Best Buys Now’ Shares Why I think the National Grid share price can help you get rich See all posts by Rupert Hargreaves 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. Image source: Getty Images 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. If you are looking for other investments to include alongside National Grid in your retirement portfolio, some of our favourite investments on the market right now are outlined in the free report below. Rupert Hargreaves | Sunday, 30th August, 2020 | More on: NG Rupert Hargreaves 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. 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. Enter Your Email Address 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. 5 Stocks For Trying To Build Wealth After 50last_img read more

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American Legion seeks help for homeless vets

first_imgLatest Stories Around the WebMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthMost 10 Rarest Skins for FortniteTCGThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancel “The towels and linens should be new but the dishes and pots and pans could be used items but they should be something that the donor would eat out of,” Hale said. “Items including mops, brooms washing powder, dish washing detergent and bath soap are also needed.“Those who don’t have items to help fill the baskets but would like to contribute may donate money and the unit will purchase items for the baskets.”Donations would be appreciated as soon as possible because the need is immediate.“We would like to be able to pack and deliver all four baskets by July,” Hale said. “The administration at the veterans’ hospital is very appreciative of our efforts to help stock the homes for homeless veterans. There are more of these veterans than people know. We need the of the community with this project and Troy and Pike County are always generous with their giving.” Book Nook to reopen By Jaine Treadwell Skip Print Article Plans underway for historic Pike County celebration Email the author Those who would like to donate items or funds to the efforts of American Legion Post 70 and Unit 70 to assist homeless veterans are encouraged to call Katie Hale at 334-465-1765 to make arrangement for the collection of the donated items. The items may also be delivered to the America Legion Post home on East Walnut Street in downtown Troy on the second Saturday of the month. Hale said Post 70 and the post auxiliary is in the process of collecting four baskets of household items for homes for veterans in need.“For each basket, we need table dishes, including cups and silverware,” Hale said. “We want to include in each basket a dish drainer, dish towels, pots, pans, and other kitchen utensils.”The list of needs also includes blankets, wash cloths, bath towels, flat sheets, pillows and pillow cases. American Legion seeks help for homeless vets Remember America’s heroes on Memorial Day Penny Hoarder Issues “Urgent” Alert: 6 Companies Are… Published 3:00 am Thursday, April 21, 2016 American Legion Post 70 and Auxiliary Unit 70 are in the process of packing four baskets for homeless veterans associated with Tuskegee Veterans Hospital.Katie Hale, Unit 70 president, said the veterans’ hospital assists as many as 10 homeless veterans a month.“Some months they may assist as few as one or none but too many months, the numbers are closer to 10,” Hale said. “When the hospital finds living quarters for these homeless veterans, they have to provide for the basic needs of a household and that’s a big expense, especially when they are trying to assist several veterans. We saw a real need and our post and its auxiliary wanted to respond to that need.” Sponsored Content Troy falls to No. 13 Clemson Pike County Sheriff’s Office offering community child ID kits You Might Like TREASURE TALKS: Alabama Treasure Forest group meets at Clay Hill Farms in Pronto The Alabama Treasure Forest Association (ATFA) hosted a meeting of landowners from Pike and surrounding counties at John and Carol… read more By The Penny Hoarderlast_img read more

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UK think tank suggests lead regulator for DC funds over merger

first_imgThe UK should consider allowing a single regulator to take the lead on defined contribution (DC) regulation but not pursue a merger of the Financial Conduct Authority (FCA) with The Pensions Regulator (TPR).The Pensions Policy Institute (PPI) said it was unclear whether there would be benefits to the launch of a single regulator, rather than having trust-based schemes overseen by TPR and contract-based arrangements supervised by the FCA. However, it questioned why TPR had, in contrast to the FCA, no duty to protect the overall integrity of the pensions market and said that, in absence of a single regulator, one of the two bodies should be asked to lead on matters of pension regulation.Melissa Echalier, senior policy researcher at the PPI, noted that comparing the two regulatory regimes was difficult, as they were for types of provision that had developed over many years. “However, the implementation of automatic enrolment in which trust and contract-based pensions have been used for similar groups brings into contrast the two regulatory regimes, and it is clear they both have strengths that could helpfully be used by the other regulator,” she added.The PPI said the FCA’s focus on preventing adverse events was “valuable” when there were new and emerging priorities within the market, pointing to the growing importance of master trusts.The FCA’s current approach to authorisation and monitoring of companies is stricter than the rules applied to master trusts, regulated by TPR, the PPR noted, with interviewees contributing to the report warning that the lack of supervision risks leading to poorer outcomes for savers if a master trust is forced to wind up.The concerns around entry requirements for master trusts have not gone unnoticed by TPR.Its chief executive Lesley Titcomb recently hinted that the Master Trust Assurance Framework – so far only completed by four schemes – could be made mandatory for all providers.The acceptance by those interviewed by the PPI that merging regulators would not be “straightforward” echoes concerns by the government, with former pensions minister Steve Webb saying a single regulator was not one of his concerns.New pensions minister Ros Altmann has stood by remarks from both her predecessor Webb and Treasury ministers that the government was not considering further change.,WebsitesWe are not responsible for the content of external sitesLink to PPI report comparing regulatory regimes for DClast_img read more