No savings at 40? I’d buy cheap UK shares in an ISA to make a passive income in retirement

first_img Our 6 ‘Best Buys Now’ Shares Peter Stephens | Saturday, 24th October, 2020 Image source: Getty Images “This Stock Could Be Like Buying Amazon in 1997” Buying cheap UK shares after the stock market crash could be a sound means of obtaining a generous passive income in retirement.The stock market has a long track record of delivering growth following its declines. As such, now could be the right time to build a diverse ISA portfolio while many FTSE 100 and FTSE 250 shares currently offer low valuations.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…Over time, they could make a positive impact on your retirement prospects – even from a standing start at age 40.Buying cheap UK shares to make a passive incomeBuying cheap UK shares to make a passive income in retirement may seem to be a relatively risky strategy following the stock market crash. After all, risks such as Brexit and coronavirus could weigh on the performances of indexes such as the FTSE 100 and FTSE 250.However, over the long run, a portfolio of British shares could outperform other assets and produce a relatively large nest egg. The stock market has an excellent track record of recovering from its downturns to post new record highs. For anyone aged 40, or who has a long time horizon until they retire, there’s likely to be ample time for the stock market to recover from any future downturn to provide a passive income in older age.By contrast, the returns available from assets such as cash and bonds may mean they fail to provide a portfolio big enough from which to draw a passive income in retirement. Low interest rates mean the returns from cash and bonds may fail to match inflation. Meanwhile, the high prices of other assets such as gold and buy-to-let property means that cheap UK shares may offer the best means of obtaining high returns in the coming years.Simple steps to create an ISA portfolioInvesting in cheap UK shares to make a passive income in retirement may seem like a daunting step for anyone to take. However, it’s relatively simple and straightforward to capitalise on the stock market’s long-term growth rate. Online accounts such as an ISA can be opened in a matter of minutes. Their costs are often very low, which makes them accessible to a wide range of investors. Their charges are also likely to be easily outweighed by their tax benefits.Of course, the stock market can be relatively volatile at times. Therefore, it’s prudent to diversify across a wide range of companies within one’s ISA so that one’s not reliant on a small number of businesses for returns and eventual passive income. Furthermore, investing money in businesses with solid financial positions and sound growth strategies may enhance one’s return prospects. This may make the task of generating an income in retirement easier, and may even help to bring forward one’s retirement date. 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. Enter Your Email Address Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! No savings at 40? I’d buy cheap UK shares in an ISA to make a passive income in retirement Simply click below to discover how you can take advantage of this. 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. 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 Peter Stephenslast_img read more

UEFA open Tavecchio investigation

first_imgCarlo Tavecchio (pictured) may have thought he had escaped censure after becoming the new head of Italian despite his much-publicised racist comments about African footballers but UEFA have taken the unusual step of setting up an inquiry. Taveccio referred to “banana eaters” during a prepared speech to Italy’s amateur leagues when he complained about a lack of opportunities for home-grown players at professional clubs. Despite his comments drawing widespread condemnation, he still managed to clinch the FIGC presidency thought FIFPro, the international players’ union, said the matter should not end there.The organisation also called on Tavecchio to attend a UEFA-organised anti-discrimination conference in Rome in September and make a public apology.But UEFA have pre-empted that by opening their own investigation.”Following a request of information made by UEFA on 28 July 2014, Mr Carlo Tavecchio, President of the Italian Football Federation (FIGC), has today been personally informed by UEFA about the decision of its Chief Ethics and Disciplinary Inspector to open a disciplinary investigation on alleged racist comments made by him during his FIGC presidential election campaign,” a statement said.”Once the report has been completed, the UEFA Chief Ethics and Disciplinary Inspector will submit its conclusions to the Control, Ethics and Disciplinary Body to render a decision about this mattelast_img read more