Here’s how I’d follow Warren Buffett’s pre-millennium advice to get rich

first_imgTotal invested (£) Kevin Godbold | Sunday, 6th December, 2020 Image source: Getty Images. 40 US investor and business magnate Warren Buffett has been enormously successful. And at 90, he’s one of the richest people in the world because of a long series of great investments.But he’s worked very hard at it and shows no sign of easing up. He loves the game. In fact, he loves investing and business so much that he’s done little else with his life. And that story reveals itself in his authorised biography, The Snowball. Even now he still enjoys turning up at the office to put in several hours every working day.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…Warren Buffett’s advice for ordinary investors (like me)And that kind of commitment and focus is what it takes to outperform the markets in a really big way. But Warren Buffett said in an interview before the year 2000 that he thought most people shouldn’t bother trying to copy him. Instead, his pre-millennium advice to the ordinary investor like me was to seek diversification in investments and add regular money – perhaps monthly. But he went even further and suggested an investment in an index tracker fund would be an excellent way to proceed. And I can see his point. If I dedicate my life to investing in the way he has, there will be no time left over for other careers, interests and pastimes – such as going on holiday!You see, taking a less-intensive approach to investing and doing it in a passive way can still produce decent returns over time. For example, If I invest £400 per month and manage to achieve an annualised return from the stock market of 7%, I could actually get rich. And 7% is often quoted as a realistic long-term expectation for returns from the general stock market.Passive returns can be bigHere are what the numbers could look like:   Our 6 ‘Best Buys Now’ Shares “This Stock Could Be Like Buying Amazon in 1997” 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. 10 86,009 Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! 255,203 And by increasing my monthly investments each year I could help the final balance to grow even more to keep up with inflation.As well as benefiting from the diversification a tracker fund provides because it follows many underlying shares, I’d also be keen to diversify between trackers. For example, I’d likely select trackers that follow the FTSE 100 index, the FTSE 250 and America’s S&P 500. Indeed, it would be easy to spread my monthly investments between several funds because the minimum investment thresholds are often as low as about £25.I think trackers could form a solid base portfolio. But I like investing and I find it to be a fascinating and absorbing activity. So, I’d also aim to improve my annualised returns by doing a mini-Buffett. In other words, I’d make a few select investments in individual company shares after thorough research and I’d monitor those investments carefully. See all posts by Kevin Godbold 1,242,758 Simply click below to discover how you can take advantage of this. Years Kevin Godbold has no position in any share 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. 135,203 20 Total returns (£) 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. 30 Balance (£) 180,000 240,000 408,032 26,009 588,032 60,000 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. Here’s how I’d follow Warren Buffett’s pre-millennium advice to get rich Enter Your Email Address 1,002,758 120,000last_img read more

Governor Wolf Touts Need for Education Investments and Broadband for Rural Communities

first_img Education,  Press Release,  Restore Pennsylvania Boalsburg, PA – Speaking to the Pennsylvania Association of Rural and Small Schools today, Governor Tom Wolf discussed investments in education and his Restore Pennsylvania plan to help address the rural broadband crisis.“Pennsylvania’s students and their future are top priories for me,” said Governor Wolf. “My administration is investing in education so students start school ready to learn and are eventually ready to graduate and succeed at work.“Supporting a great education is particularly impactful in rural and small towns where schools are often at the center of communities. My proposals will help schools to keep great teachers, increase access to broadband in rural communities, and create the skilled and highly-qualified workforce that will attract industry and jobs.”During his first term, Governor Wolf fought for education funding that reversed the devastating funding cuts of the previous administration. This year, the governor is proposing a $200 million increase in basic education, building on the $633 million increase in basic education and Ready to Learn Block Grant funding increases over the past four fiscal years. The governor also wants to increase special education funding by $50 million following a $90 million increase since he took office.The governor’s budget also includes the bold Statewide Workforce, Education, and Accountability Program (SWEAP) to expand opportunities for Pennsylvanians from birth to retirement.Governor Wolf’s SWEAP proposal includes:• Lowering the age when students must start school from 8 to 6.• Raising the dropout age from 17 to 18.• Addressing the teacher shortage by modernizing the minimum teacher salary to $45,000 from the outdated floor of $18,500.• Studying the impact of universal free full-day kindergarten for all five-year-old children.• Building on the successful launch of PAsmart by providing an additional $10 million to create a more skilled and qualified workforce.• Launching the Keystone Economic Development and Workforce Command Center to partner with the private sector and schools around workforce development.Rural school students would also benefit from Restore Pennsylvania, a $4.5 billion investment over the next four years to expand high-speed internet access and other high-impact infrastructure projects throughout Pennsylvania.“Lack of quality internet access means our children miss out on learning opportunities and their parents lack easy access to important school information,” Governor Wolf said. “Our students, parents, and our teachers deserve better, and we can provide that through Restore Pennsylvania.”Restore Pennsylvania would be funded by a commonsense severance tax and help bridge the digital divide making Pennsylvania a better place to work, do business, and live. Grants will be available to support installation of infrastructure to bring high-speed internet to every corner of the commonwealth. Funding will support every phase of the process from feasibility testing to connection.Restore Pennsylvania would also address blight, mitigate the effects of localized flooding, and expand green infrastructure. Governor Wolf Touts Need for Education Investments and Broadband for Rural Communities SHARE Email Facebook Twittercenter_img May 02, 2019last_img read more

Department struggles to staff new performance venues

first_imgThe Department of Performance Venues has experienced serious understaffing problems after the opening of the much-anticipated Ronald Tutor Campus Center, according to department officials.Make it work · Drake Smith, a sophomore majoring in jazz studies, hands out programs to attendees at Bovard Auditorium. – Chloe Stepney | Daily Trojan Within the entire division — which manages Bovard Auditorium, Ground Zero Performance Café, the new campus center and other outdoor events — there are only six full-time staff members managing more than 400 students and more than 2,000 events per semester, according to Director of Performance Venues Brandon Operchuck.“We’re feeling people’s frustration because we’re slow to respond to requests and telephone calls,” Operchuck said.Before, USC’s Commons was not staffed enough to indicate the demand the department was going to experience with the addition of the campus center, Operchuck said. Staff members are scrambling for enough time to get everything done.“We knew it was going to be big. But the demand of the building clearly overshadowed what the expectation was and what it would take to operate. We’re working hard to get to the point of appropriately serving our community,” Operchuck said.The understaffing dilemma poses two problems: The department is weeks behind on its paperwork, and many events have to be rebooked because of a sudden change in the capacity limits implemented by the fire marshal.As part of signing off on the campus center, the fire marshal lowered the anticipated capacity from 1,283 people to around 980. What might seem like a small change, Operchuck said, forced the department to reconfigure scheduled events to abide by the new limits.“For the first couple of weeks, all the phone calls we received were not about new events, but it was more about working with people and making their already-planned events happen and dealing with their frustration,” Operchuck said.The most demanding jobs are understaffed, according to part-time staff member and lighting director Steve Farquhar, a senior majoring in computer science.Even with the understaffed office, both Farquhar and Operchuck said the part-time student employees come to the job eager and energized and that their desire and passion to help students is evident.“These 400 students are brilliant. They’re USC students, they’re really smart kids and they work really hard and they’ve given us all they’ve got,” Operchuck said.The appropriate amount of time needed to train these students is missing, however, which limits the amount of responsibilities new employees can take on, Operchuck said.“We can’t be asking students to work 40-, 50-, 60-hour weeks. More [student employees] requires more management, more paperwork and all of those things require someone to really be managing them,” Operchuck said. “Our full-time staff is really struggling to manage that to be able to train our wonderful students.”Farquhar said he has had to take on responsibilities, such as changing lightbulbs and moving equipment, that could be done by other staff members if there was enough time to train them.“I have a lot of responsibilities for projects — large projects and small projects — that I can’t get to because I have to do these other lower responsibilities,” he said. “More knowledgeable people and more people who have the time to spend would help me do the projects I’d like to get to do instead of the things I have to do now.”All of the venues that the department oversees are booked every day this fall, except for the Grand Ballroom, Operchuck said.“We’re very, very busy. The demand and the excitement on the [Ronald Tutor Campus Center] has been tremendous and people have been jumping on this opportunity to improve their events from previous years,” said Lisa Carley, scheduling and event coordinator for Bovard Auditorium, Ground Zero Performance Café and outdoor events.In previous years, the department didn’t experience as much commotion or as many problems as it is experiencing now, even when it had fewer staff members, Farquhar said.“In the past we’ve been pretty comfortable. But recently, with the opening of the new campus center and the opening of these new venues, we’ve had all of our usual productions responsibilities plus the responsibilities of opening a new building,” Farquhar said.With every new building, unexpected problems will inevitably arise, Operchuck said. Despite this, even with the lack of staff, the department is happy with the progression it has made within the last two months.“We are making it work and we’re doing a pretty good job with all the resources that we do have. It’s not a horrible situation that we’re in right now,” Farquhar said.With two months down and seven to go until the end of the academic year, Operchuck said the big shock has passed and all he really asks from the community is patience.“It’s tough to really understand the logistical complexity of managing so many things and different styles of events,” Operchuck said. “This time next year, we will be better in serving the people. It’s a moving target. Everyone is doing their very best to make this possible.”last_img read more

Doc Rivers to coach his son following Clippers’ three-team deal

first_imgAustin Rivers played one season at Duke University in 2011-12. He averaged 15.5 points.The younger Rivers is listed as a shooting guard, but he could be the new backup to point guard Chris Paul as current backup Jordan Farmar is expected to be waived, according to multiple reports. Then again, the Clippers are reportedly interested in point guard Nate Robinson, who was recently traded from Denver to the Celtics but then had his contract bought out, reported Tuesday.Bullock, 23, was drafted 25th in the first round by the Clippers (26-13) in 2013. In parts of two seasons, Bullock averaged 2.6 points and 1.4 rebounds in 68 games.Douglas-Roberts, 28, came to the Clippers during the offseason. Injuries limited him to just 12 games this season. He averaged 1.6 points. The Clippers on Thursday afternoon announced they have acquired guard Austin Rivers from the Boston Celtics as part of a three-team deal that also included the Phoenix Suns.Once the younger Rivers plays his first second for his father, Clippers coach Doc Rivers, he will become the first in the NBA to play under his father, according to the Elias Sports Bureau. Coby Karl had a very brief stint with the Denver Nuggets at the end of the 2009-10 season while his father George Karl was head coach. But George Karl was on leave with throat cancer and Coby Karl did not stay with the team the following season. He never played a minute for his father or the Nuggets, who waived him that August. The deal will see the Clippers send small forward Reggie Bullock to the Phoenix Suns and swingman Chris Douglas-Roberts to the Celtics, who also will get power forward Shavlik Randolph from Phoenix as well as a 2017 second-round draft pick from the Clippers.Austin Rivers, 22, began this – his third season in the league – with the New Orleans Pelicans. He was recently traded to the Celtics before coming to the Clippers. He averaged 6.8 points and 2.5 assists in 35 games this season for New Orleans. Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more