I’d drip-feed £250 a month into the FTSE 250 to aim to retire in comfort

first_imgI’d drip-feed £250 a month into the FTSE 250 to aim to retire in comfort Our 6 ‘Best Buys Now’ Shares Rupert Hargreaves | Sunday, 14th February, 2021 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. “This Stock Could Be Like Buying Amazon in 1997” Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Enter Your Email Address I’m investing in the stock market to boost my retirement prospects. This isn’t going to be a strategy that’s suitable for everyone. Some investors may feel more comfortable using other assets, hiring a pension manager or taking out a pension plan, rather than investing money directly.All of these strategies are perfectly good ways of building a retirement pot. However, I’m comfortable with the level of risk involved with investing directly myself. One of the tools I’m using to boost my retirement pot is the FTSE 250. 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…Retire on the FTSE 250There are many strategies I could use to invest my hard-earned money for the future. I could buy individual stocks or shares, or invest in a fund. I use the latter option. Picking stocks and shares can be challenging. Many fund managers struggle to pick the right stocks over the long term consistently. As a result, many funds actually underperform the wider market when all fees are included.Passive tracker funds can be an alternative. These funds are designed to track a market index which, in this case, is the FTSE 250. All they do is buy and hold shares until they drop out of the index. There’s no active manager or team of analysts trying to pick the right investments. As a result, the fees are much lower. That means I can keep more of my money in the long term. Of course, there are some drawbacks to this approach. As a passive tracker is only designed to track the market, there’s no chance it’ll outperform. What’s more, if the market drops, the fund’s value will drop as well. One advantage other funds have over passive instruments is they can invest in other asset classes. This could reduce the impact a market decline would have on my wealth. So, while a passive tracker fund has its advantages, it also has drawbacks as well. Therefore, these products might not be suitable for all investors.Many happy returnsI’m comfortable with both the benefits and drawbacks of passive tracker funds. I think they’re one of the most straightforward ways to profit from the stock market’s wealth-creating power over the long run.Indeed, over the past 30 years, the FTSE 250 has produced an average annual return of around 11%. While performance should never be used as a guide to future returns, I think this shows just how beneficial owning stocks can be for my portfolio. That’s why I own an FTSE 250 tracker fund in my retirement portfolio. I think the market will yield steady returns over the long term, improving my retirement prospects. As long as I maintain regular contributions to the fund and don’t skimp on pension savings, I believe the stock market can help me retire in comfort. center_img Image source: Getty Images 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. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Simply click below to discover how you can take advantage of this. 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. See all posts by Rupert Hargreaveslast_img read more

County Manager outlines council’s financial position

first_img Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Donegal County Council has shed the equivalent of 395 full-time staff since 2008, according to figures released this week.The number of staff employed by the local authority stood at 1,243 in June 2008, but the figure for February 2012 is now just 848 – a reduction of 32%.The local authority here has slashed its day-to-day current expenditure in recent years from a peak of €176 million to €153 million last year.One of the biggest areas of savings has come in terms of reduced employment numbers, which has led to big payroll reductions, payroll costs for Donegal Co. Council have dropped from €68.17 million in 2008 to €53.09 million in 2011, a fall of 22%.The cost of council pensions has risen slightly, from €6.19 million to €6.88 million.County Manager Seamus Neely defended the local authority’s recent dealings in terms of financial affairs……[podcast]http://www.highlandradio.com/wp-content/uploads/2012/02/seam830.mp3[/podcast] Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week County Manager outlines council’s financial position WhatsApp Facebook By News Highland – February 28, 2012 RELATED ARTICLESMORE FROM AUTHOR Pinterest Google+ Google+center_img Twitter Facebook Twitter WhatsApp LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Calls for maternity restrictions to be lifted at LUH Newsx Adverts Previous articleFerry funding row continues to fester in DonegalNext articleHuman remains found in the River Foyle near Lifford News Highland Guidelines for reopening of hospitality sector published Need for issues with Mica redress scheme to be addressed raised in Seanad alsolast_img read more