#these are the books i buy outside the subscription as it's cheaper in the UK (it's also my main account)
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tag game: share your phone homescreen and your recent kindle / book reader library? 😚
(is this a ploy to get book recs? PERHAPS)
homescreen by @hotmcrodz , and a bunch of @dominimoonbeam's books hehehe, but also mainly werewolf and vampire books, which is on brand 😚 (highly rec these books!!)
tagging- YOU, reading this!! Also (no pressure!): @dominimoonbeam @glassbearclock @garglyswoof @taelonsamada @slushrottweiler @lvllns @agentnatesewell @devilbunnyking @nerdierholler @genginger @hypnostanatos @austennerdita2533
#tag games#tmi#heheheh#okay so my KU is on my US account#which is open on my paper white#these are the books i buy outside the subscription as it's cheaper in the UK (it's also my main account)#US KU has a wider selection. i know.#some books are also cheaper in the US? i have the big bad wolf series by charlie adhar on the US account#basically i check both omg
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Keep calm and carry on: Why I think Foolish investors should keep buying the FTSE 100
The market sell-off over the past few weeks has been frustrating for investors, but at the same time it has thrown up some tremendous bargains.
Chief among these are UK stocks. I’m not talking about any particular stock. I mean the entire UK market, which after months of gradual selling is now cheaper than it has been for decades.
Most hated market
Even though the FTSE 100 is a global index, with more than two-thirds of its profits generated outside of the UK, it seems as if investors around the world are dumping the FTSE 100 because of its association with Britain.
Indeed, the UK is currently the most hated developed equity market in the world among institutional investors according to Bank of America. Investors are reportedly afraid of what the next few years could bring for the country as it pushes ahead with Brexit.
I believe this is a fantastic opportunity for UK investors, particularly when it comes to the FTSE 100. As noted above, the FTSE 100 isn’t really a UK index, it is more a barometer of global economic health. So, even if we end up with a messy divorce from the EU, I think the long-term impact on FTSE 100 stocks will be limited.
And it appears as if now is one of the best times in history to buy the FTSE 100.
Cheaper than ever before
According to a report published at the beginning of this month, compiled by equity analysts at Goldman Sachs, some of the UK’s largest companies are now trading at their lowest relative valuation in 10 years.
Goldman isn’t the only bank that’s spotted value in the UK. Citigroup has also labelled the UK stock market its “favourite value trade.“
According to Martin Walker, who manages the Invesco Perpetual UK Focus and UK Growth funds, the UK market as a whole is trading on a 10% discount to its 20-year price-to-book ratio. This, he says is the “the largest discount of any major market in the world.“
So, on many different metrics, the FTSE 100 is cheap. It also offers an average dividend yield of nearly 4%, which is one of the highest yields on offer from any index.
Time to buy
All these numbers point to the conclusion that buying the FTSE 100 is a good decision for investors. Even if Brexit negotiations don’t work out favourably, it still has the potential to produce a mid-single-digit per annum return for investors in the years ahead with its 4% yield.
On the other hand, if a favourable exit deal is agreed for the UK, then the FTSE 100 could surge higher as international buyers return. It’s difficult to predict what the fair value of the index could be in the most optimistic scenario, as there are lots of different moving parts to consider. However, one group of analysts believe that in the best case scenario the index could achieve annual returns for investors in the 10% region for the foreseeable future. My colleague Kevin Godbold even believes it could treble in value over the long term.
So, there’s a 4% per annum return on offer in the worst case, and 10% in the best. Looking at these odds, I think the best course of action for long-term Foolish investors is to remain calm and keep buying the FTSE 100.
Getting Rich Slowly
It’s easy to make a million by using a simple strategy such as tracking the FTSE 100 and letting your money work for you. Unfortunately, most investors ‘over-trade’ and, as a result, their returns suffer significantly…
To help you avoid this key mistake, the Motley Fool has put together this free report entitled “The Worst Mistakes Investors Make”. These mistakes can cost you thousands over your investing career but the best part is, this report is free to download.
Click here to get your copy today.
More reading
Forget a cash ISA: a stock market crash could be a FTSE 100 buying opportunity
Here’s why the FTSE 100 should thrash buy-to-let as an investment
The FTSE 100 has slumped 10%+ since May. Is it time to load up?
3 reasons why the FTSE 100 is a better investment than buy-to-let
Forget the State Pension, the FTSE 100 may be all you need
Rupert Hargreaves owns no share 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.
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Car Insurance Quote Accuracy?
I was considering leasing a BMW 3 series coupe and tried getting an anonymous insurance quote online from thegeneral.com, to avoid spamming and releasing my personal information, but they do not allow it for the NY region so I eventually used the zipcode for Louisiana, and got a quote of about $350/month. How accurate is that figure? Im 25, had a license for 6 years with a squeaky clean record (though I have never owned a vehicle under my name), male, and use a Long Island address. I expect it to be cheaper due to the fact that I'm 25 and have a good record, and reside outside of the city but is that realistic Best answer: Try this site where you can compare quotes: http://COVERAGEFINDER.NET Related Questions Why May Firms Retain Presenting Medical Health Insurance? Why Can Businesses Retain Supplying Health-Insurance? 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2 fast-rising growth stocks that could make you a millionaire
Building a million pound portfolio over the course of an investing lifetime might sound like an impossible dream but, through regular contributions, dividend reinvestment and a bit of luck, it’s perfectly feasible. If you want to speed up the process however, you’re going to need to take on more risk. This usually involves investing in smaller companies with big growth potential. Here are just two examples that could set you on your way.
Growth mindset
Reporting “exceptional” interim numbers to the market this morning was Learning Technologies (LSE: LTG) — a market leader in providing e-learning solutions to corporate and government clients.
Revenue jumped 68% to £21.5m in the six months to the end of June, of which £17.6m was organic. Pleasingly, the proportion of the former generated outside of the UK also increased to 46% from 32% a year before — handy to know as we crawl towards our EU departure. Another positive was the fact that recurring revenues — a highly sought after quality — rose to 37%. Adjusted earnings before interest and tax grew 41% to just over £4m.
Commenting on results, CEO Jonathan Satchell was particularly enthusiastic on the firm’s outlook, stating that Learning Technologies was achieving “excellent trading momentum” as it moved into H2. Its order book is “significantly ahead” of the prior year on a like-for-like basis with the recent acquisition and integration of talent management solutions provider NetDimensions also likely to help the firm realise “significant growth” in 2018.
Over the last year, shares in the Brighton-based business are up 66%, leaving stock trading on an eye-watering 33 times forecast earnings. With a fairly low price-to-earnings growth (PEG) ratio of just 0.9 and the likelihood of e-learning solutions becoming even more popular over the medium-to-long term, however, I think the shares could still be worth snapping up (or adding to a watchlist in the hope that a general pullback in the markets will provide a cheaper entry point).
Shining light
Another growth stock that’s caught my eye recently is LED lighting manufacturer and distributor Luceco (LSE: LUCE). Last week’s half-year report made reference to a “strong start to the year” for the £382m cap, coupled with a “strong order book” for H2.
Revenue climbed 25.5% higher — to just over £75m — in the first half of 2017 compared to the same period in 2016. Even when currency fluctuations are taken into account, this still came in at an admirable 17.3%. Operating profit rose to £9m from £7.2m with margins remaining consistent. The reduction in net debt from just under £48m to just over £26m is something to be applauded as well.
According to CEO John Hornby, Luceco’s revenue and profit growth can be attributed to “strong market share gains” in both the UK and newer international markets along with the expansion of its product ranges. Looking forward, its Chinese manufacturing centre should help to further increase its competitive advantage and ensure that the company continues to generate seriously high returns on the money it invests.
Like those of Learning Technologies, a forecast price-to-earnings (P/E) ratio of 23 for the current year means that Luceco’s shares are far from cheap. Having climbed 60% in value over the last year alone, that’s hardly surprising. Nevertheless, a similarly low PEG ratio (1.1) again implies that prospective investors are still getting a great deal given the firm’s growth strategy.
Another top growth share
Why not take a look at another growth opportunity identified by the Fool's Head of UK Investing, Mark Rogers. He thinks this top British brand is set for great things over the next few years as it continues to expand into new international markets.
Mark's report is completely FREE to read and comes with no obligation. For your copy, just click here.
More reading
Why I’d dump Royal Dutch Shell plc to buy this stock
Paul Summers has no position in any of the shares mentioned. The Motley Fool UK has recommended Luceco. 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.
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Two smoking small-cap stocks I’ve added to my watchlist
The share prices of small caps Tristel (LSE: TSTL) and Marlowe (LSE: MRL) have seen stellar rises of late — up 21% and 33% respectively over the last three months. Here’s why I’ve added both to my watchlist.
Overseas growth
£91m cap Tristel is a manufacturer of infection control, contamination control and hygiene products. Based on today’s encouraging trading update, I’m confident it won’t remain a market minnow for much longer.
For the year to the end of June, the company expects to book turnover “in excess of” £20m, at least 17% more than the £17.1m achieved in 2016. At £4m, pre-tax profits are predicted to be just over 21% higher than those achieved 12 months earlier.
Aside from the fact that these numbers are ahead of market expectations, the most encouraging snippet from today’s update was surely confirmation of the company’s growing presence outside of the UK. In H2, revenue from overseas operations contributed 50% of that achieved by the company as a whole — a 16% improvement on the numbers from H1. This huge amount of growth over such a short period means that overseas revenue is now expected to contribute 47% of that achieved for the full year — a record for the company.
Tristel attributes much of the aforementioned rise in overseas revenue to last July’s £950,000 purchase of its Australian distributor. Elsewhere, the company has entered the North American Market and also invested $750,000 in Mobile ODT — a business focused on “combining smartphone technology with hand-held medical devices for point-of-care diagnostics“.
Its finances remain in good order. While cash balances — at £5.1m — were slightly reduced from 2016 ‘s level (£5.7m), the company has no debt on its books.
With excellent growth credentials, defensive attributes and rising returns on capital employed, this is surely one company worth keeping an eye on.
Acquisition-friendly
Recent full-year results from £124m cap support services group Marlowe showed a company with serious growth ambitions.
To recap, the company achieved just under £47m in revenue over the year to the end of March and adjusted EBITDA of £4m. Like Tristel, Marlowe was able to boast a net cash position (£3m).
Perhaps more importantly, it completed and integrated eight acquisitions over those 12 months, demonstrating how keen it is to become a major player in the fragmented Fire & Security and Water Treatment markets.
Since the end of the reporting period, Marlowe has added Advance Environmental Limited and Ductclean UK to its list of purchases. In keeping with CEO Alex Dacre’s earlier proclamation that the company had a “well-developed pipeline of attractive opportunities“, the latter allows Marlowe to enter the air hygiene market — one its believes offers “significant scope for consolidation“.
I can see the shares climbing higher for some time to come, particularly as the recent tragedy at Grenfell Tower is likely to generate huge interest in the fire protection services offered by the company.
Only wishlist?
You might wonder why I’ve added the above companies to my watchlist/wishlist and not purchased them. For me, it’s all down to their current valuations. Right now, both shares trade on 28 times forecast earnings, suggesting a lot of good news is already priced in.
While there’s no guarantee that Trisetl and Marlowe will ever be cheaper, I believe it might be prudent to wait in the hope of a general market dip before buying into either.
A better opportunity?
Of course, there are lots of other opportunities available for eagle-eyed investors lower down the market spectrum. One top small-cap that's caught the attention of the Motley Fool's Head of UK Investing appears to be off many investors' radars.
To find out more, just click here. Mark Rogers' special report is available completely FREE of charge and without obligation.
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Why I’d buy these 2 rising growth stocks
Paul Summers has no position in any 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.
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