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With the right choices and a long-term approach to investing, a can be a lucrative way to help fund retirement. Admittedly, retirement may seem a long way away for many people, but in my opinion that is why it makes sense to act ! The further off retirement is, the more time one has to let money get to work in the SIPP. As an example, here is how an investor could aim to turn a £50K SIPP into one worth five times that much. Growing value while closely managfng risks Few shares yield 10.3%. But ( ) does and I feel it is worth considering. If an investor put £50K into a share that yielded 10.3% and reinvested the dividends, after 17 years the investment would be worth over . If they waited just seven years more, it would be worth over ! SIPP SIPP hooray! That demonstrates the power of long-term investing. But there are a couple of important points to note about this example. First, I would never put all my SIPP in one share – it is important to be diversified as a way to manage risk. Secondly, the 10.3% yield is unusually high. That can be a warning signal that the dividend may be cut in future. Some dividends get cut without any warning (hence the need for diversification). Accumulating wealth in a SIPP is similar to doing it in an ISA. And just as with an ISA, it could be slow and steady or quick. Compounding at 5% annually, for example, the SIPP would exceed half a million pounds in value after 33 years. At 15%, by contrast, it would take only 11 years (and after 33 would be worth !) Finding wealth-building shares to buy I do think M&G faces risks. For example, the first half saw its policyholders withdraw more funds than they put into its main business. If that trend continues, it could eat into profits and the dividend could be at risk. But the also has a number of characteristics I typically look for when investing, such as a large market of possible clients, a big base of existing customers and a distinctive, well-known brand. So although a high yield can be a red flag for investors, it does not necessarily mean that the dividend will not last. To try and understand that, I think it makes sense (indeed, is essential) to consider the commercial prospects of a firm over the coming years and even decades. Past financial reports can provide some basis for that: things like the direction of travel for profit margins and whether sales are growing or shrinking. But it is important to face forward and consider what might change a company’s prospects in future, for better or for worse. With the right research, buying excellent shares at a good price and managing risks carefully, I think an investor could realistically aim to turn a £50K SIPP into one worth a quarter of a million pounds, while sticking to blue-chip companies with proven business models.
Metal Forging Market to Eyewitness Massive Growth by 2030 | Wyman Gordon, Shultz Steel), Otto Fuchs KG
Article content The great National Hockey League contradiction of sports, celebration and politics is upon us. We have already begun the daily Alexander Ovechkin watch, the giant leap as he makes his way toward the career goal-scoring lead in hockey history. This all comes at a time when the league couldn’t — or wouldn’t — find a place for a Russian team in its major in-house tournament in February. It will be Ovechkin — yay — in the days and months to come, game by game, as he chases down Wayne Gretzky for a record none of us thought was possible. It will be Ovechkin — yay and Russia boo. All in the same convoluted sentence. All happening in a season in which Kirill Kaprizov of Minnesota and Nikita Kucherov of Tampa Bay are among the leading candidates for the Hart Trophy as the most valuable player in the NHL and the Rangers’ Igor Shesterkin signing a contract making him the highest paid goaltender in hockey history. Russian hockey is alive and well, individually. But it’s not alive in any team concept internationally. Ovechkin has been a long-time supporter of Russian president Vladimir Putin. So has the Stanley Cup-winning goaltender, Sergei Bobrovsky, who was just named Russian athlete of the year. We like their hockey but don’t care much for their politics or the war that continues in Ukraine. Ovechkin has had an incredible run since entering the NHL in 2005. His 868 goals are 266 more than anyone who has played during his time. Sidney Crosby is second in goals at 602, as of Saturday. Steven Stamkos and another Russian, Evgeni Malkin, are the only others within 300 goals of Ovie’s totals. In Gretzky’s career, he finished 186 goals ahead of Mike Gartner, 281 and 284 ahead of Mario Lemieux and Mark Messier. Ovechkin, in his time, is individually more of a dominant goal-scorer than Gretzky was in his time. And there’s a certain discomfort that goes along with it all in current times. I can cheer for Ovechkin the hockey player, while at the same time feel disdain for his politics and those of his leader and country. Sports and politics mix, whether we want them to or not. Rarely are they as separate as they should be or as they seem right now while Ovechkin works his way to a mark that may never be equalled. THIS AND THAT There is nothing wrong with Mitch Marner that a playoff series against Detroit or Buffalo or Pittsburgh wouldn’t solve. Marner has 13 goals this season, 10 of them against teams that won’t be in the playoffs. He has six playoff goals in his past 37 playoff games ... Marner, having a terrific season, still ranks below Mikko Rantanen and Kucherov in scoring among right wingers ... The Florida Panthers’ second line has Sam Bennett centring Matthew Tkachuk and Carter Verhaeghe. Not sure anyone would relish playing against them in a best-of-seven series in April ... If Auston Matthews doesn’t play for Team USA in the 4 Nations Face-Off, the Americans will still have Jack Hughes, Jack Eichel and Dylan Larkin at centre. But it becomes a tougher matchup, depending on what Canada does with Nathan MacKinnon, Connor McDavid and Crosby as either their first three centres, or two of the top three with one of Crosby or MacKinnon going to the wing ... Nearing the halfway point of the NHL season, Cale Makar leads all defencemen in scoring. But he’s also been on the ice for 37 even-strength goals-against. That’s significantly more than Victor Hedman and Gustav Forsling with 24, and Darnell Nurse, if you can believe this one, at just 15 ... A Canadian network would be wise to snap up fired Red Wings coach Derek Lalonde for panel work, at least for the short term. Lalonde was sharp on TV in the playoffs between periods a few years back ... Outdoor hockey games are wonderful spectacles for the city in which they take place. But as a must-see TV event, they’ve kind of lost their way. I can’t imagine there are a lot of people waiting for this Chicago-St. Louis outdoor event ... When I first met Scott Arniel, he was playing left wing on a line in Winnipeg with Dale Hawerchuk and Paul MacLean. All three of them became coaches, and Arniel is now a coach of the year candidate in the NHL with the Jets ... The last talk I had with Hawerchuk was when he was coaching Barrie of the OHL. He was telling me all about his underrated centre, Mark Scheifele. He said NHL scouts had him rated too low and he was going to be a good one. The great Hawerchuk, who passed away in 2020 at the age of 57, was right on Scheifele. HEAR AND THERE I had this conversation with a Blue Jays front office man after they traded Teoscar Hernandez to Seattle following the 2022 season. “Would you pay Teoscar $20 million a year?” I was asked. I said I would not. He said neither would the Jays. Since then, Hernandez has won a World Series in Los Angeles and has recently signed to remain with the Dodgers for the next three years at an average of $22 million a season. And the Jays remain in need of a power bat for the outfield. Which means two things: 1) Don’t expect financial advice from me; 2) don’t trust whatever financial advice you might get from the Blue Jays front office, either ... A question to ask yourself, Mr. Edward Rogers. How is it the Blue Jays keep offering more money for free agents, but aren’t signing any? What does that say about the perception of the franchise around Major League Baseball and those operating it? ... This has not been the best of years for shareholders of Bell or Rogers Communications, the former majority owners of Maple Leaf Sports and Entertainment. Bell stock is down 36.5% on the year. Rogers stock is down 35%. Netflix stock, by the way, is up 85% on the year and 227% over the past two years ... This was Thursday in the NBA: Shai Gilgeous-Alexander scored 45 points for Oklahoma City and teammate Lu Dort had 13 against Indiana. Meanwhile, Andrew Nembhard and Ben Mathurin combined for 41 for the Pacers. That’s 99 points scored by four Canadians in the same game. Not sure that’s ever happened before ... Some things in life don’t make sense: The Raptors are a better three-point shooting team on the road than the 24-5 first-place Thunder is ... Simon Benoit is hardly a sexy name among NHL defencemen, but few are on the ice as much as he is while being scored upon so infrequently. SCENE AND HEARD My favourite sporting things of 2024, in no particular order: The Paris Olympics; Paris itself; Roland Garros Stadium; everything that is Summer McIntosh ; the American League Championship Series; the Patrick Mahomes comeback in the Super Bowl; the Stanley Cup final, never mind the result; Aaron Judge, Shohei Ohtani and Vladdy Guerrero Jr.; the unlikely Argos; Matthews’ almost 70-goal season; Andre De Grasse and his 100-metre teammates in the 4 x100 relay at the Olympics; Team USA vs. Serbia in men’s basketball, the greatest game I’ve ever seen; Steph Curry ... Terrible time to be a sports fan in Chicago. The Bears stink. The Blackhawks stink. The White Sox stink. The Bulls aren’t any good. Not much to care about in one of the great sporting towns in America ... It’s wonderful for the hammer thrower Ethan Katzberg to be named The Canadian Press male athlete of the year. But I don’t quite understand how you can compare a hammer thrower — a singular event in athletics with a very small competitive field — with an NBA star such as Gilgeous-Alexander, who plays 82 games, plus playoffs. Or McDavid or MacKinnon, who played more than 100 NHL games in the calendar year ... The challenge for Leafs coach Craig Berube in the second half of the NHL season: Finding the right defensive partner for Morgan Rielly. He hasn’t had the right partner since Ron Hainsey was a Leaf ... First baseman Pete Alonso, a good player, not a great one, seems to be pricing himself out of the free-agent market in baseball. Even the high-priced Mets seem to be willing to walk away from Alonso ... Brendan Shanahan takes a lot of heat for his time running the Leafs, but consider this: Steve Yzerman is six years in as GM in Detroit, nowhere near the playoffs; Buffalo hasn’t made the playoffs in a lifetime. Shanahan missed the playoffs once, hasn’t missed since drafting Matthews ... Don’t know where Darko Rajakovic rates as an all-time coach — probably near the bottom — but his tantrum in Memphis the other night is an all-time unforgettable Raptors moment ... So many tough questions this time of year. What presents to keep, which to return, which games to watch when you’re not screaming about junior hockey. Are you watching the Bad Boy Mowers Pinstripe Bowl or the Snoop Dogg Arizona Bowl? ... And good luck to all those playing fantasy football championship games on Sunday. I started the wrong kicker two weeks ago. Cost me and my partner a title shot. AND ANOTHER THING There are four sound candidates for MVP in the NFL, although if you watch enough television these days, you would think there is only one: Josh Allen. It’s a quarterback’s job to produce wins and Patrick Mahomes and Kansas City have the most in the league. Two-time MVP Lamar Jackson has combined yardage of 4,807 passing and rushing in Baltimore, which blows everyone else away. The giant Allen is unstoppable, having run for 11 touchdowns and passed for 3,549 yards with the Bills. And Saquon Barkley is in contention for all-time numbers as a running back, leading the Philadelphia Eagles. In any given year, any one of the four could, or should, be MVP. This year it will come down to Allen or Jackson, and a sound case could be made right now for either quarterback ... It drives me a little batty when I see Tkachuk or Steelers wide receiver George Pickens dangling or chewing on their mouthguard, rather than keeping it where it should be. We try to convince kids about the necessity of mouthguard usage. This kind of example doesn’t help ... Wonder how many owners in sports are paying attention to what the Suns are doing in Phoenix, charging $2 at concession stands for water, soda, hotdogs, and popcorn? A small popcorn at Cineplex is $9 now. And you wonder why people don’t go to movies anymore ... It’s highly possible that Cody Bellinger will be batting next to Giancarlo Stanton in the Yankees batting order this coming season. Bellinger, by the way, is married to Stanton’s old girlfriend ... The NBA was excited to have five million people watching games on Christmas Day on television, especially those up against NFL games on Netflix for the first time. But follow me here for a second: The U.S. is 10 times the size of Canada. A five-million-person audience in the U.S. is about half a million Canadians. By my translation, the NBA audience in the U.S. at Christmas is basically equal to the average CFL audience in Canada throughout the season ... Happy birthday to Ray Bourque (64), Myles Garrett (29), Bill Lee (78), George Parros (45), Julio Rodriguez (24), Sean Payton (61) Theo Epstein (51), Adam Vinatieri (52) and B.J. Ryan (49) ... And hey, whatever became of Jonathan Toews? ssimmons@postmedia.com twitter.com/simmonssteveBankers’ Committee: FG, CBN charge banks to support economic growth
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Bengaluru: India’s top five information technology services companies grew at a slower clip in the first nine months of this year, defying hopes that the $254 billion industry would rebound after reporting its weakest growth ever in 2023. Yet, save for Wipro Ltd, the shares of the remaining four IT services firms—Tata Consultancy Services Ltd, Infosys Ltd, HCL Technologies Ltd, and Tech Mahindra Ltd—have delivered better returns than both the Sensex and the Nifty 50 so far this year. In 2023, TCS and Infosys stocks fared worse than the Sensex, while the other three outperformed. The Nifty IT index has also vastly outperformed the two benchmark indices, gaining 22.48% in the year through 27 December. The Sensex has gained 8.89% so far this year, and the Nifty 50, 9.53%. Analysts say investors are loading up on Indian IT stocks in anticipation of a recovery in tech spending by Fortune 500 companies as the US Federal Reserve is set to cut its key interest rates further. The Fed has but indicated earlier this month that it may opt for fewer rate cuts next year as it battles stubborn inflation. “... As interest rates ease, discretionary spends can pick up, translating to more business for IT service providers," Pramod Gubbi, founder of Marcellus Investment Managers. “When the US Fed indicated (in September) that it was done with rate hikes from March 2023, the market had started to factor in growth." TCS, Infosys, HCLTech and Wipro saw their order books, or total contract value, decline in the first half of 2024-25 (April-September) compared to the corresponding year-earlier period, marked by the absence of ‘mega deals’ that are worth more than $1 billion. The second half of the fiscal year (October-March) is historically weaker for Indian IT services companies because of fewer billing days and more holidays. Even so, these companies have issued positive revenue guidance for FY25 and have been hiring more people. “This year, as growth is looking promising, the IT sector is outperforming out of expectation that things will get better, and hence the returns," said Sanjeev Hota, vice-president, head of research at Mirae Asset Sharekhan. Keith Bachman, an analyst with BMO Capital Markets, said in a 12 December report that increased hiring by India’s largest IT services firms in recent quarters was a leading indicator signalling better growth, which in turn could drive a rally in their stocks. Mint reported last week that a renewed hiring spree by Dublin-headquartered and NYSE-listed Accenture Plc painted a as it signalled a rebound in global IT spending. Yet, analysts are cautiously optimistic about the prospects of Indian IT services firms next year considering the rise of generative artificial intelligence, or GenAI, which could dash the sanguine outlook. “GenAI is deflationary in my view as it will mean that IT services will be delivered by fewer people, and therefore, the revenue can come down," said Gubbi, adding that the money saved by customers will go to more GenAI investments and new streams of work will come from GenAI. While AI and GenAI currently account for only a fraction of IT services companies’ revenues, these technologies are biting into their clients’ discretionary IT spending. “... We question if 2025 IT services market growth will benefit from net new demand, including new generative AI projects, more so than current pricing pressure and generative AI deflationary forces," said Bachman of BMO Capital Markets. “A plausible scenario could be that in 2025, IT services growth might improve over 2024 (with upside tension to consensus estimates in this scenario), and then as the capabilities of generative AI grow and improve, the deflationary impact is more pronounced in 2026 and beyond, leading to prolonged growth headwinds."
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