No savings at 50? Here are 2 things I’d do right away

first_img Our 6 ‘Best Buys Now’ Shares Alan Oscroft | Saturday, 22nd February, 2020 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. No savings at 50, but want to invest for your retirement? I could make a smarty comment like “Well, cut down on what you spend and start saving then.” But I doubt that would help. Here are two things that I think will.Write it downIt’s easy to reach the end of a day not knowing where that £20 note you just broke into has gone. So my first suggestion is to keep an account of every penny you spend, for a whole month.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…I know it’s hard, but it’s something I do at regular intervals. I even carry a small notebook and I write down every spend as soon I’ve made it.And if you do as I do, you can reap an additional benefit in addition to understanding your spending. Noting my spending is enough in itself to make me reduce it. I make unnecessary purchases far less often if I’m fully aware of how much I’ve spent so far each day.Now for the actual savings part. Once you have a month’s worth of spending data, you’ll be in a much better position to know what you can cut down on and what genuinely is essential.For each item, ask: “Did I pay someone to do something I could have done myself?” Coffee is one obvious one, with the UK’s spending in coffee shops breaking the £10bn barrier for the first time in 2018. I’d never pay someone £2.50 or more for something I can make myself for pennies.Open an ISAOnce saving, I’d first make sure I have a bit of cash put away for emergencies. After that, there’s a bewildering array of investment products on offer these days. But the only place for my investments is shares in UK companies, as companies doing business are the only things that generate actual new wealth.Many people think that sounds risky, but if you’re 50 then you could have close to 20 years before you retire. And over that kind of timescale, shares have a great record of beating other forms of investment. In fact, over the past century and more, UK shares have generated average annual returns of 4.9% ahead of inflation.So how do you go about it? I recommend a Stocks and Shares ISA, which will protect your gains from tax.I won’t go into the details here, as I’ve explained it all recently. But what I really want to suggest is… open it now. Sure, you might not have any cash to put in it just yet, and you’re nowhere near deciding what shares you might want to buy.Getting startedBut opening a Stocks and Shares ISA right away gives you something to look forward to. For one thing, you can log on and spend as much time as you like exploring how it all works. That should inspire you to think, ahead of time, about what shares you’ll want to go for. Generally, shares paying steady dividends are my favourites.And you can use it as a place to stash your investment cash right from day one. Did you just manage to save £20? Great, transfer £20 to your ISA right away towards your first share purchase. It will remove the temptation to spend it, and it’s surprising how it soon it can add up. 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. Image source: Getty Images. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Alan Oscroft 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 “This Stock Could Be Like Buying Amazon in 1997” 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. See all posts by Alan Oscroft Enter Your Email Address Simply click below to discover how you can take advantage of this. No savings at 50? Here are 2 things I’d do right awaylast_img read more

Joe Maddon’s bulletin-board material didn’t resonate with Dodgers

first_img Newsroom GuidelinesNews TipsContact UsReport an Error LOS ANGELES — The Dodgers reached the high point of their season on Aug. 25. They were 91-36 and on pace to win 116 games with about five weeks left in the regular season. Win number 91 came at the expense of the Milwaukee Brewers, who were three games behind the first-place Chicago Cubs in the National League Central.Coincidentally, the New York Times caught up with Cubs manager Joe Maddon in Philadelphia that day. “I’m very confident playing against them, too – absolutely,” Maddon said of the Dodgers. “I like the way we match against them – a lot, not a little bit.”The timing of the quote raised eyebrows. Chicago was the defending champion but hardly occupied a comfortable place in the standings. The Dodgers were matching well against every team. Was this the best bulletin board material of all-time, or just this year?“Didn’t think about it after the moment,” Dodgers manager Dave Roberts said. “Heard it, and (Maddon) has a lot of confidence in his guys, as much as I have in our guys, so it’s going to be a great series.” Clayton Kershaw, who will start for the Dodgers in Game 1 of the National League Championship Series on Saturday, said he wasn’t aware of the quote at all.“I don’t know what that means. I don’t know how teams match up,” Kershaw said. “I don’t know the specifics of all of that. So that’s great he thinks that. That’s awesome. I’m sure they need to think that, so that’s great.”Since August, some funny things happened on the way to the anticipated Cubs-Dodgers NLCS rematch.The Dodgers went into a tailspin immediately after Maddon’s proclamation, finishing the season 13-22 to extinguish their chance at the regular-season wins record. The Cubs went 24-11 the rest of the way, the best mark in the National League.But Chicago also struggled to put away the Washington Nationals in its first-round series. Maddon used seven pitchers in Thursday’s Game 5, including starters Kyle Hendricks and Jose Quintana. Closer Wade Davis pitched the final 2-1/3 innings. The Cubs, whose cross-country flight Friday took 10 hours instead of five because of an unscheduled stop in Albuquerque, figure to be a step behind the Dodgers, who have had four days off going into the series opener.center_img “It’s just this first game,” Maddon said of the impact on his pitching staff. “That’s what you have to try to figure out.”As for the bulletin-board material he might have provided in August, Maddon said his feelings were more a reflection on his team than the Dodgers.“Eventually we just started playing our game,” he said. “The defense tightened up. The pertinent hits started to occur. But primarily the pitching got better and all of that really came together. So, yeah, I love it.“Listen, you start the year defending champs, you go to spring training without the same expectations that you had the year you weren’t the champs, and you get through a tough start. Then eventually the guys start showing up. I’ll take it.”GAME 1 STARTER TBDMaddon said he and the Cubs’ front office would meet Friday night to choose a starting pitcher for Game 1. He mentioned left-hander Jose Quintana and right-hander John Lackey as possible options.Lackey is 0-2 against the Dodgers this season, collecting one loss in April in Chicago and another in Los Angeles in May. After going 12-12 with a 4.59 ERA in the regular season, Lackey didn’t pitch in the NLDS.The 38-year-old right-hander has pitched 26 playoff games (23 starts) in his career, going 8-6 with a 3.27 ERA. Lackey won World Series titles with the 2002 Angels, 2013 Red Sox and 2016 Cubs.Quintana hasn’t faced the Dodgers since June 2014, when he was pitching for the Chicago White Sox. His 5-2/3-inning start against the Nationals in Game 3 of the NLDS was the first postseason appearance of his career. He threw 12 pitches in Game 5, allowing one hit, one walk, and retiring two batters.Left-hander Jon Lester, who started Wednesday’s Game 4 in Chicago, is a candidate to start Game 2 of the NLCS, Maddon said.last_img read more