Forget a Cash ISA! I’d rather try to get rich with these FTSE 100 stocks

first_img Royston Wild | Friday, 29th May, 2020 | More on: AHT DGE 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. Forget a Cash ISA! I’d rather try to get rich with these FTSE 100 stocks Now, I’m not saying that Cash ISAs are a guaranteed way to destroy your wealth. I’m saying that they are a recipe of disaster for those looking to retire in comfort if used in the wrong way.Interest rates on these products have long disappointed. At best they’ve offered an interest rate of just 1.5% (for instant access products) in the past year. These levels look positively heady, however, when you consider the levels that Britain’s banks and building societies have recently cut them to. Most Cash ISAs now offer savers next to nothing. And things promise to get worse should the Bank of England keep on slashing its benchmark rate.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…No-notice Cash ISAs are a brilliant way to temporarily stash your cash before investing it elsewhere. They are also a great place to put ‘emergency funds’ you might need to draw upon at a moment’s notice. They have, however, no large part to play in a sensible investment strategy. Not, at least, for those looking to make big returns on their money.Better than a Cash ISAI’d much rather put my money to work with FTSE 100 shares. Sure, the world might be on the brink of a long and shocking recession. But there remain many stocks I’d rather put my money in than in a ‘low risk’ product like a Cash ISA.Ashtead Group (LSE: AHT) is one of these. It’s a share that I myself own, and one which I regret not buying into sooner. It’s likely that rental demand for its construction could suffer in the near term. But it has spent a fortune on acquisitions over the past decade to bolster its geographic and operational footprints and, as a consequence, its market share. This should allow it to outperform the broader industry during these tough times.What’s more, this well-run Footsie business is also cash rich so investors don’t need to worry about things going pear shaped. Ashtead’s share price exploded 3,000% from the beginning of 2008 to the start of 2020. This was in spite of the global banking crisis that emerged during the period. And I am confident the company will continue to surge in value over the next decade and beyond, despite the economic trouble that the Covid-19 breakout may cause.Another Footsie starI’d also happily buy shares in Diageo (LSE: DGE) instead of putting my money in a Cash ISA. Alcohol is one of the more resilient product categories when broader consumer spending comes under pressure. This means that this particular FTSE 100 stock retains a solid profits outlook for the next decade.Recent data from Statista suggested that global alcohol sales would rise by high-single-digit percentages between 2020 and 2023. It was a projection underpinned by expectations of strong demand in emerging economies, regions in which Diageo has a considerable presence. The coronavirus outbreak, and the subsequent shuttering of bars and restaurants, means that these estimates look set to topple. But beverage sales, and with them revenues at the FTSE 100 business, should start to tick up again with restrictions being eased across the world. Our 6 ‘Best Buys Now’ Shares 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. 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!center_img 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. Royston Wild owns shares of Ashtead Group and Diageo. The Motley Fool UK has recommended Diageo. 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. Simply click below to discover how you can take advantage of this. See all posts by Royston Wild Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997”last_img read more

Is financial health the next competitive frontier?

first_img 26SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr This is an exciting time for the financial services industry. As innovative technologies and evolving consumer expectations have transformed the sector, financial service providers have increasingly realized the importance of investing in the ultimate well-being of their customers and members. And they have begun to subtly, but powerfully, re-orient their businesses around consumers’ financial health.My organization, the Center for Financial Services Innovation (CFSI), is a non-profit that leads a network of innovators committed to building high-quality financial products and services. The members of our network represent companies large and small, legacy and startup, incumbent and disrupter. Each has realized the old way of doing business has become obsolete. Instead of competing on bank branch locations, interest rates or fees, these companies have come to appreciate that they will only succeed if they help their customers and members lead financially healthy lives.What is Financial Health?At CFSI, we define financial health as coming about “when your daily financial systems help you build resilience and pursue opportunities.” What you do today is intimately connected to your ability to be resilient and seize opportunities over time. While an individual’s financial health is tied to their attitudes and behaviors, it can also be shaped by access to high-quality financial products and services. continue reading »last_img read more