Image source: Getty Images The SIPP (Self-Invested Personal Pension) has one big advantage when it comes to building wealth. This is that the cash cannot be taken out until a certain age — the perfect setup for the miracle of compounding to work its magic. The result is that even smallish amounts invested each month can build up into something substantial. Here, I’ll explore how long it could realistically take someone investing £250 a month into a SIPP to build towards a £1m portfolio. Please note that tax treatment depends on the individual circumstances of each client and may be subject…
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Falling sales, key tax credits cancelled, more competition putting pressure on selling prices. Ordinarily, those would seem like bad news for a business. They are just some of the challenges Tesla (NASDAQ: TSLA) currently faces. Yet despite that, Tesla stock has soared 67% over the past year. That is not because it was cheap a year ago either. The 12-month jump means the company now commands a market capitalisation of $1.3trn. So is Tesla something other than an ordinary company? The valuation makes no sense to me I ask because I think it would have to be in order to…
Image source: Getty Images Looking for the best growth shares to buy? Here are two from the FTSE 100 and FTSE 250 indexes to consider next month. Endeavour Mining With gold prices continuing to steamroll higher, precious metal stocks demand serious consideration in my book. FTSE 250 miner Endeavour Mining (LSE:EDV) — which produces bullion from a portfolio of African mines — is one for growth investors to consider. The yellow metal is up a whopping 44% in the year to date, touching new peaks of around $3,800 per ounce in recent days. It’s punched almost 40 daily record highs…
Image source: Getty Images Bunzl (LSE:BNZL) has an outstanding track record when it comes to growth. But shares in the UK distribution company have crashed almost 30% this year. The main reason is a profits warning in April, but there are already signs the business is starting to recover. And that’s why I’m looking to add to my investment again in October. What’s been going on? Bunzl’s a distributor of non-food consumables, which means things like disposable tableware and carrier bags. And the company has grown into a powerful operation via a series of acquisitions. This can be a risky…
Image source: British American Tobacco British American Tobacco’s (LSE: BATS) long been a FTSE 100 favourite among income investors. This week, the popular dividend powerhouse repurchased a further 126,498 ordinary shares for cancellation. It’s part of a hefty £1.1bn buyback programme aimed at supporting capital efficiency and boosting shareholder value. Following these cancellations, the company still holds more than 132.9m ordinary shares in treasury. The timing may be convenient. After almost two years of solid gains, the share price has stumbled over the past couple of months, falling around 12% from the five-year high it touched in late August. The…
The Trump administration is illegally withholding money for desperately needed multimodal transportation projects — and Congress must act today to reassert its power of the purse and pass a budget that delivers communities the funds they were promised, a coalition of advocates demand.In a letter to Washington lawmakers (onto which sympathetic organizations can still sign on by 4 p.m. Friday, Sep. 26.) a consortium lead by the National Campaign for Transit Justice accused the White House of conducting “illegal and unilateral” clawbacks to roughly $300 million in grants for safe, equitable, and sustainable mobility funded under the Infrastructure Investment and Jobs…
Image source: Getty Images Greggs (LSE: GRG) shares have been a diabolical investment. Over the last year, they’ve turned a £1,000 investment into around £500 (ignoring dividends). Wondering what lies ahead for the shares? Well, if hedge funds are right, there could be further weakness on the cards. Greggs is being targeted by hedge funds One thing I always keep an eye on is the list of the most shorted stocks on the London Stock Exchange. These are stocks that hedge funds (sophisticated investors who trade in both directions) are betting heavily against. Earlier this week, I was taking a…
Image source: Getty Images The National Living Wage is £23,809 for someone working 37.5 hours a week. The FTSE 100 has a 3.23% dividend yield, which suggests an investor needs £737,120 to earn this as a second income. That’s a big number, but investors shouldn’t be deterred. I think there’s a viable strategy for targeting this kind of return that requires investing less than half of this. Compounding Someone who invests £1,000 a month and manages a 5% annual return could have a portfolio generating £23,809 a year within 23 years. And this only requires investing a total of £277,000.…
Image source: Getty Images Filtronic (LSE:FTC) has been on a truly staggering run in the past five years. It’s up 1,550% over this period, going from a barely profitable 8p penny stock into a £290m-cap firm with strengthening fundamentals. Now at 132p, the share price is up 70% this year alone! SpaceX-fuelled rally Filtronic designs and manufactures advanced radio frequency communications products for the telecommunications, defence, and space industries. Think amplifiers, filters, and transceivers. The stock’s meteoric rise started back in April 2024 when the firm inked a game-changing strategic partnership with SpaceX. It now supplies special parts for the ground…
Image source: Getty Images IonQ (NYSE:IONQ) might already be a millionaire-maker growth stock for some investors. That’s because it’s up around 1,900% since the start of 2023! Eagle-eyed investors who got in at around $3 back then could be sitting on a seven-figure goldmine. As I type now though, the IonQ share price is up at $69. Might it still make me rich investing today? Here’s my take. Rapid growth Let’s start with some things I like about IonQ. Firstly, it’s a pioneer in the field of quantum computing, a technology which most experts say has the potential to completely…