I don’t care if the stock market crashes again. I’d still buy cheap FTSE 100 shares today

first_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. 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. Image source: Getty Images I don’t care if the stock market crashes again. I’d still buy cheap FTSE 100 shares today Harvey Jones | Wednesday, 29th April, 2020 Harvey Jones 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. Simply click below to discover how you can take advantage of this. Enter Your Email Addresscenter_img 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” Our 6 ‘Best Buys Now’ Shares See all posts by Harvey Jones Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! The world’s super-wealthy are waiting for the next stock market crash before buying more shares, according to a headline I spotted today. Every investors likes buying cheap FTSE 100 shares, so is this a sensible strategy?I don’t think so. These people may be hugely wealthy, but by holding off until the next phase of the stock market crash, they’re making a basic investment error. They’re trying to time the market. Amd it can’t be done. No matter how wealthy you are, you cannot predict the future like that.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…Of course, the world’s mega-rich investors may be right, and we’ll get another stock market crash. These are strange and volatile times, and Covid-19 isn’t simply going to disappear.I’d buy cheap FTSE 100 shares todayWe may get a second or third wave of infections after lockdowns are eased. I assume the world’s super-wealthy are holding out for that possibility. Or maybe they expect a sell-off once this is all over, and we can finally assess the long-term economic damage. So it’s perfectly likely that we could see another FTSE 100 crash.My point is you cannot predict it, and shouldn’t wait for it. You don’t know when it will come, or how far share prices will fall. Nobody does.It’s impossible to second-guess stock market movements, no matter how much money you have at your disposal. The variables are simply too great for the human mind to calculate, or any computer for that matter.Forget the next stock market crashAll sensible long-term investors can do is invest, buy shares when they have the money to spare, then hold onto them for as long as they can. That means a minimum five years and, ideally, 20, 30, 40, or 50 years.The only way you can time the market is by investing in cheap FTSE 100 shares after the index has crashed. That way you have hindsight on your side. This is why we on The Fool urge people to go hunting for bargain stocks in the aftermath of a meltdown. History tells us the market will recover in time and, therefore, this is a great opportunity to buy cheap shares.Plenty of people held back from buying shares when the FTSE 100 dipped below 5,000 last month. They were hoping to buy at 4,500, or 4,000. Today, they’re kicking themselves.Don’t wait for a stock market crash to send the FTSE 100 down to a round number in your head. Despite the stock market rebound, the index is still down 23% from January’s high of 7,674. And that looks like a buy signal to me.It means you still have a great opportunity to buy cheap FTSE 100 shares today. The stock market crash has already happened. Turn it to your advantage right now.last_img read more

Major rescue operation underway off the Isle of Doagh

first_img Gardai continue to investigate Kilmacrennan fire Twitter Facebook Previous articleMarley meets HSE to discuss revised bus proposalsNext articleRescue Update – Man successfully airlifted from lifeboat News Highland Major rescue operation underway off the Isle of Doagh WhatsApp Pinterest Pinterest A rescue operation is ongoing in Lough Swilly this afternoon after a man was washed out to sea off the Five Fingers Strand in Inishowen.A number of units were tasked, including the Lough Swilly Inshore Lifeboat and Greencastle CoastguardA woman with binoculars on the Isle of Doagh guided the lifeboat to where the man was, and he was brought on board.We understand the man is in need of medical attention, and the Coastguard Helicopter based in Sligo is now over the lifeboat, attempting to bring the man off the boat on a stretcher. By News Highland – August 10, 2012 Twitter Newscenter_img Google+ Further drop in people receiving PUP in Donegal Facebook RELATED ARTICLESMORE FROM AUTHOR Google+ 365 additional cases of Covid-19 in Republic Man arrested on suspicion of drugs and criminal property offences in Derry WhatsApp 75 positive cases of Covid confirmed in North Main Evening News, Sport and Obituaries Tuesday May 25th last_img read more

Closing the gap

first_imgThe US, France and Germany are all far more productive thanthe UK. Keith Rodgers finds out what lessons can be learned and how we mightstart to close the productivity gapIf the solution to the UK’s poor productivity lies in trying to emulate theother major Western economies, then Michael Porter and co have got their workcut out. Does the answer lie in the entrepreneurial ‘hire and fire’ mentality of theUS? Perhaps the processes that historically powered the highly regulated Germaneconomy should be applied? Or is the relative success of the French down tohigher investment in technology, or people, or both? In short, what are the dynamics that drive productivity in the verydifferent economies of France, Germany and the US and how can the UK learn fromthem? United States Given its controversy in Europe, it is hardly surprising that the US conceptof ‘at will’ hiring gets a lot of attention. The notion that an employee can beterminated for any reason – aside from discrimination that violates their civilrights – does not sit comfortably with perceptions on the other side of theAtlantic about what constitutes good people management. For economists studying the US labour market and productivity levels,however, the ease with which companies can dispose of employees is only a smallpart of a bigger workforce dynamic. The power of the US economy is attributed in large part to the flexibilityof its workforce and an entrepreneurial spirit that pervades the businesslandscape – a spirit that is reflected in attitudes to bankruptcy, for example,which tends to be regarded as a consequence of risk-taking, rather than a socialstigma. And regardless of what it looks like from a European perspective, the US hasactually adopted advanced human capital management practices. Erik Brynjolfsson, professor of management and director of the e-businesscentre at MIT Sloan, a top US business school, believes that investment incomputing and telecommunications technology has been a key factor in theresurgence of the US economy since 1995. That investment has enabledorganisations to find new ways of doing work, triggering internalreorganisations and significant changes to how companies deal with theircustomers and suppliers. Although the causal link between technology investment and productivityimprovements is hotly disputed by economists, Brynjolfsson points to datashowing that European firms ‘…invest significantly less in informationtechnology, and on average tend to have a less mobile labour market’. Brynjolfsson is close to completing a study of 384 large US firms, whichbears out the kind of people management changes that tend to accompanytechnology adoption. It suggests that firms with less investment in technologytend to have a more ‘command and control’ management approach. By contrast, technology adopters can distribute information across theorganisation more freely and have more decentralised decision-making,empowering staff to act more autonomously. Technology adopters also tend to have moved away from seniority andtime-based compensation in favour of performance-related remuneration, andinvest more heavily in education and training. All of these HR practices areimportant factors in driving productivity. Peter Nolan, professor of industrial relations at Leeds University anddirector of the Future of Work programme for the Economic and Social ResearchCouncil, points out that the US economy shares many features with the UK’s,particularly in terms of deregulation. However, the US economy has historicallybeen able to exploit the economies of scale that derive from its huge internalmarkets. “In the US, companies have to perform at the cutting edge or they justgo under – in the UK there’s always been some possibility forunder-performing,” says Nolan. Germany If ‘at will’ hiring is the norm in the US, compulsion is the watchword invast sections of the German economy. Only this month on 15 January, electronicsgiant Siemens received a slap in the face from its works council when itrejected the vast bulk of proposed redundancies at a telecoms unit, and raisedthe spectre of a stream of individual lawsuits. Long vilified by incredulous US investors, Germany’s extensive labour lawshave come under tight scrutiny as its sluggish economy is barely growing andunemployment has climbed to nearly 10 per cent. Many believe the power of thecountry’s trade unions, combined with complex legislative protection, make itextremely difficult for companies to react quickly to changing marketconditions. Yet historically, the German model has clearly been effective. The UK haslong lagged behind in terms of prosperity – figures released by theOrganisation for Economic Co-operation and Development (OECD), for example,show that while Germany enjoyed better GDP per head in 2000 than France and theUK put together – all three lagged way behind the US. In the last update of its productivity and competitiveness indicators, theDTI acknowledged that ‘…despite inferior labour market performance, Germanyhas a higher average standard of living than the UK. This is because theworkers that are employed produce more per person and per hour worked’. This apparent contradiction between high productivity and stiflingregulation is partly explained by internal dynamics. The regulatory frameworkis a combination of both legal constraints and voluntary codes, which arehammered out between employer organisations and a powerful trade unionmovement. “German unions like change, so it [the German economy] is highlyregulated, but incredibly flexible. Organisations see new opportunities and canexploit them, because they have the possibility of taking their employees withthem,” says Nolan. Economists also argue that the regulatory environment forces companies toengage in more strategic HR management practices – if they can’t get rid ofstaff, they have to redeploy and retrain them, which again creates internalflexibility. In the US by contrast, as Brian Glade, vice-president ofinternational programmes at the Society for Human Resource Management pointsout, retraining is left up to the employees themselves. Liberal critics of the German system, however, argue that as well as beingover-regulated, it is also inefficient, with vast investment in public servicesmasking under-performance. And today, the problems at the heart of the Germaneconomy are certainly severe. Unification has had a big impact, and theproductivity gap between the UK and Germany has narrowed over the past fiveyears. In its 2002 economic survey, the OECD pointed out that growth has been verylow since 2001, adding that ‘low employment growth and a high share ofstructural unemployment are highlighting the need for comprehensive labourmarket reform’. Not surprisingly, its prescription includes ‘a higher degree ofwage responsiveness to market conditions’, and a review of the ‘complex’employment protection procedures. France When it first introduced a mandatory 35-hour week, France had economists andsocial historians at each others’ throats. Would it, as protagonists hoped,reduce unemployment by spreading work among a wider employee base? Would it,reduce productivity by over-regulating the way employers manage their staff? Orwould it force companies to work more cleverly, maximising the effectiveness ofeach employee and bringing more flexibility to the workforce? If the hours that people work were directly linked to productivity, thedecision would certainly have been a foolish one. But as the legendarilyhard-working Brits will testify, hours chalked up do not automatically lead tobetter productivity. In the end, the answer was inevitably complex – especially as the move tookplace amid other major economic influences such as the introduction of theeuro. On the one hand, French GDP growth held up and productivity per hourincreased – but productivity per worker stayed relatively flat. At the same time, the increased flexibility that came with the capped timelimit has helped corporations match working patterns to fluctuating demand. However, it has brought little in the way of competition to the Frenchbureaucratic machine, now estimated to employ between a quarter and a third ofthe workforce. Just as teaching remains a job for life in Spain, so stateemployment remains attractive to many French school-leavers. The level of bureaucracy is a routine gripe and is singled out as a factorin the high proportion of new business failures. Like Germany, it is difficultto fire staff in France too, but the French government at least has gone someway to deregulating the labour market. In 2001, the comparative fortunes of thetwo countries were driven home when Germany’s unemployment rate topped France’sfor the first time in almost 50 years. A recent report from the United States Department of Labor, meanwhile,showed that in 2001, manufacturing output per hour in France increasedsignificantly at a rate that easily surpassed the US, UK and Germany, onlylagging behind the likes of Korea and Taiwan. So while popular opinion in the UK characterises the French as less hard-working,the reality is that per capita, their output remains higher. There may be geo-political reasons for this – France, after all, has closerphysical ties with the rest of continental Europe, and as Nolan suggests, thismay mean that it’s better able to enjoy the economies of scale the wider marketbrings. But many economists believe that the reasons for the disparity lie asmuch in structural faults in the UK economy, as in the relative strengths inFrance. Vive la difference – it’s all in the mindset Pierre Giraudon is no stranger to the widely different dynamics of theEuropean and US economies. A French citizen with extensive managementexperience in his own homeland, he was previously based in the US as a seniorvice-president of Carreker, a specialist consultancy focusing on improvingbanking efficiency. Now, he’s back in Europe – and setting up Carreker’s firstFrench operation. For Giraudon, the differences between the two business environments arestriking, rooted in very different cultural legacies. France’s history is oneof state intervention, reinforced in the immediate aftermath of the SecondWorld War and again during a nationalisation drive in the early 1980s. He believes that the legendary French bureaucracy has long been adisincentive to entrepreneurs, tying them up in administrative hassles duringthe first few months of incorporation at a time when they should be focused onmaking their new businesses work. Although the pendulum has swung back over the last five years and some ofthe red tape has been cut, it is still more complex to set up and do businessthere than in the US. The cost of employing staff, for example, is high – for a$100,000 (£62,000 salary, fringe benefits typically add another $50,000(£31,000) to the wage bill. And laying staff off is a complex process.Companies typically have to argue their case to the regulatory authorities, theunions, and in high-profile companies, the government – and in many cases, theyare forced to change their plans as a result. As well as affecting organisations’ ability to change rapidly, those factorsmake many employers think twice before they hire. On the positive side, Giraudon’s experience is that the gap in technologyadoption between Europe and the US, which potentially has a significant impacton productivity, is beginning to narrow. The technology buying process is alsoindicative of subtle differences in the decision-making processes within thetwo countries. On the one hand, he says, it takes more time for French companies to makedecisions and their processes can be less flexible. But in the financialservices sector at least, decision-making is relatively devolved – upper-middlemanagers have responsibility for large budgets which, in the US, would normallybe signed off by the most senior executives. An oddity within thehighly-centralised French business culture, that may partly be explained by thefact that many senior managers in large corporations are appointed for theirnetworking and political connections as much as for their operationalexperience. Ultimately, however, what sets the two business environments apart aredeep-seated cultural differences. “The US is driven by performance and performance management, much morethan in the older countries. You find it everywhere – it is very much anentrepreneurial mindset,” Giraudon says. “I think that collectively and individually, America supports a systemand mindset that is driven towards making money, and not challenging the ideathat everyone can make money without having to feel guilty.” Previous Article Next Article Comments are closed. Closing the gapOn 28 Jan 2003 in Personnel Today Related posts:No related photos.last_img read more

How Americans miss out on $24 billion a year

first_imgby: Katie LoboscoIf someone handed you $1,300, would you turn it down?One in four workers are essentially doing just that because they’re not taking full advantage of their employer’s 401(k) matching contribution. These workers end up leaving $24 billion on the table each year by not saving enough to get the full company match, according to a new report from Financial Engines.For one person, that’s like passing up on a $1,336 bonus.“We’re talking about real money here,” said Greg Stein, director of financial technology at Financial Engines.For a 45-year-old hoping to retire at age 65, that could be a loss of $42,855 over the last 20 years of their career. continue reading » 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Jennings County manufacturer plans expansion

first_imgNorth Vernon, In. — Decatur Plastics Products, a manufacturer of custom injection-molded plastic parts and components, announced plans today to expand its operations in Jennings County, creating up to 70 new jobs by 2021.“Indiana’s 21st century talent pipeline and pro-growth business climate, paired with our state’s robust and diversified manufacturing industry, create the perfect place for companies like Decatur Plastics Products to invest and expand,” said Indiana Economic Development Corporation (IEDC) President Elaine Bedel. “The company’s commitment to Indiana will help advance the state’s reputation as a leader in advanced manufacturing while supporting even more great career opportunities for Hoosiers.”The North Vernon-based company will invest $11.4 million over the next five years to expand its 87,850-square-foot headquarters and production operations, adding 100,000 square feet to its campus over two phases of development. Decatur Plastics Products is currently renovating and equipping a recently-purchased, 50,000-square-foot shell building in the North Vernon Industrial Park to house additional warehousing and accommodate light assembly. After the new space is complete, which is expected to be in July, the company plans to construct a 50,000-square-foot facility next to its new building by summer 2020.The expansion will allow Decatur Plastics Products to meet growing demand for its products and services from customers in virtually every industry, including automotive, consumer products, electronics, medical, packaging, telecommunications and consumer industrial markets. To support its increased production, the company has already started hiring and plans to add new positions in engineering, production and management. Interested applicants may apply in person at the company’s headquarters (2350 N. State Highway 7) or email a resume to [email protected]“Jennings County is in an advantageous location that allows Decatur Plastics Products to service our current and potential customers,” said Robert Riley, president of Decatur Plastics Products. “Here, we have found hard workers who care about their community and want to see this area excel. As a company, we are proud to be a part of the exciting transformation that is taking place in Jennings County and look forward to working together with the community for years to come.”Decatur Plastics Products, which also has operations in Alabama, employs approximately 185 full-time associates in Indiana. Founded in 1983, the company provides injection molding, flocking, assembly and finishing services, as well as engineering and material assistance for its customers, including PK USA, Heartland Automotive and Faurecia. In addition, the company offers supply chain services, providing its customers with inventory management programs as well as warehousing and shipping services.“We are happy and excited for a long-standing company from Jennings County to be able to expand and grow in their own community,” said North Vernon Mayor Mike Ochs. “We  are very pleased with Decatur Plastics Prudcts selection of the shell building and North Vernon Industrial Park for its future growth.”The IEDC offered Decatur Plastics Products up to $475,000 in conditional tax credits based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of North Vernon approved additional incentives at the request of the Jennings County Economic Development Commission.last_img read more

Bucks, Hornets to play NBA’s first-ever regular-season game in Paris

first_img NBA wrap: Thunder pick up much-needed win over Pacers “On behalf of my teammates, we’re very excited for the chance to represent Milwaukee and the Bucks on the world stage,” Bucks forward Giannis Antetokounmpo said. “The opportunity to play in the first-ever regular-season game in Paris is truly an honor, and as an international player, I’m grateful to the NBA for continuing to grow the game of basketball across the globe.”The game marks the NBA’s 10th at the AccorHotels Arena since 1991 and the 11th in France all time, including exhibitions.”The return of an NBA game in Paris, after a 10-year absence, is a real victory for our city,” Paris Mayor Anne Hidalgo said. Related News The Bucks and Hornets have been selected by the NBA to play in the league’s first regular-season game in Paris next season.The matchup will take place Jan. 24, 2020, with tickets going on sale later this year, the NBA announced Thursday. The Paris game will give Charlotte’s Tony Parker and Nicolas Batum a chance to return to their native country as both players are veterans of the French national team. The NBA Paris Game 2020 Presented by beIN SPORTS to feature the @hornets and @Bucks on January 24, 2020.Visit https://t.co/FXk959FUkf to register for #NBAParis ticket information. pic.twitter.com/ECuJk6yOMs— NBA (@NBA) March 28, 2019″Having played in the preseason in France during my career, I witnessed first-hand the passion the French fans have for NBA basketball,” Hornets owner Michael Jordan said in statement. “We are excited to bring our team to Paris for this history-making event.”The Hornets last played a preseason game in Paris in 1994, while the Bucks will be traveling to France for the first time. It will be the Bucks’ second-ever regular-season game in Europe. last_img read more

a month agoSturridge pulled out of Trabzonspor clash at last minute

first_imgAbout the authorPaul VegasShare the loveHave your say Sturridge pulled out of Trabzonspor clash at last minuteby Paul Vegasa month agoSend to a friendShare the loveDaniel Sturridge was pulled out of Trabzonspor’s clash with Sivasspor at the last minute.Fanatik says he was expected to start the Sivas match. However, he was withdrawn after complaining of achilles pain.After tests, it was found the former Liverpool striker had edema in the right achilles tendon. Sturridge immediately started treatment after being removed from the squad for the Sivas game.The setback isn’t serious, however, and there’s confidence he’ll be fit for their clash with Besiktas. last_img

Photo: Mick Cronin Took A Fantastic Selfie After Watching Cincinnati Beat Purdue In Overtime

first_imgMick Cronin takes selfie watching Cincinnati beat Purdue.Twitter/@CoachCroninUCCincinnati has been without head coach Mick Cronin since December, when he was diagnosed with an unruptured brain aneurysm, but he has been unwavering in his support of the team. Moments after the Bearcats’ dramatic overtime win against Purdue in today’s round of 64, a very excited Cronin took a selfie next to his television. That’s my main man !!!!!!   BEARCATS BASKETBALL.    thank you to all of our fans. pic.twitter.com/i6eFEXdSGx— Mick Cronin (@CoachCroninUC) March 20, 2015We’re glad Cronin is doing well. Watching the Bearcats isn’t quite the same without his intensity on the sideline. Cincinnati will play the winner of tonight’s Kentucky-Hampton game on Saturday.[SB Nation]last_img

Train crews reject Canadian Pacific Railway oneyear contract extension

first_imgCALGARY – Canadian Pacific Railway Ltd. (TSX:CP) says it’s disappointed but not deterred that train crews voted to reject a one-year contract renewal.CP Rail said it’s meeting with leaders of the union representing rail workers on Thursday to discuss the results of the vote in which a majority of members rejected the proposed extension.“We look forward to working with the union membership to better understand this result and to discuss next steps,” said CEO Keith Creel.“We remain optimistic that we can come to a mutually beneficial agreement.”A memo posted by the Teamsters Canada Rail Conference said that of the 1,725 members who voted on the contract renewal, 1,158 said no to the proposal.The union represents approximately 3,000 Canadian conductors and engineers at CP Rail.“The TCRC is assessing the entire situation and consistent with the Labour Code will be contacting CP to begin the bargaining process,” said Teamsters president Douglas Finnson.last_img read more

Delhi Police deploys special team for Holi

first_imgNew Delhi: Delhi Police on Monday issued a statement outlining major preparations being undertaken for the day of Holi, which is to be celebrated on March 21 this year.The statement said that Traffic Police in the Capital city is making elaborate traffic arrangements in order to ensure the safety of motorists on the day. Usually, the Police Control Room (PCR) calls increase substantially ahead of Holi. This year, the police have geared up to identify vulnerable spots and will heighten the security arrangements there ahead of the festival of colour. Police said that traffic violations such as drink-driving, speeding, triple riding, red light jumping, riding without helmets and similar kinds of violations will be especially noted by several Special Traffic Police teams to deploy across the city. In addition, cases of minors caught driving, reckless driving, and performing stunts on the roads will also have consequences. According to the police, plans are afoot to deploy “special checking units” with alcometers at major intersections and vulnerable points to detect and prosecute cases of drink-driving. The law enforcement body has also planned to make arrangements for the special traffic police teams to constitute interceptors as well as local police teams and Police Control Room teams. The agency has also said that in accordance with direction from the Supreme Court Committee on Road Safety, police teams will be within their power to seize and suspend licenses of drivers/riders for a minimum of three months in cases of drink-driving, red light jumping, using phones while driving, reckless driving, and speeding. The police added that in cases of minors caught driving, the license of the registered owner of the vehicle may also be seized and suspended. Joint Commissioner (Traffic), K Jegadesan said, “We appeal to all motorists to avoid traffic violations, especially drink-driving. Also, parents should not allow minors to drive their vehicles. All motorists are advised to obey traffic rules and regulations issued by the police for their safety and the safety of other road users.”last_img read more