£10k to invest? I’d buy these FTSE 100 stocks to retire on

first_img Rupert Hargreaves | Thursday, 25th June, 2020 | More on: HL SDR Rupert Hargreaves owns shares in Schroders. The Motley Fool UK has recommended Hargreaves Lansdown. 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. 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 Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997”center_img £10k to invest? I’d buy these FTSE 100 stocks to retire on 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. The recent FTSE 100 stock market crash means many high-quality companies now trade at bargain prices. Some of these stocks have recovered from their lows over the past few weeks. However, many are still trading down on the year.As such, despite the risks still facing the market, such as a possible second wave of coronavirus, now could be a great time to snap up a share of these firms.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…With that in mind, here are two blue-chip shares that could be worth buying today and holding over the long run.FTSE 100 stocks on offerThe Hargreaves Lansdown (LSE: HL) share price has shown little sign of mounting a successful recovery over recent weeks. Despite the FTSE 100’s recent performance, the stock remains 18% below the level at which it started the year.However, despite this, the company’s underlying operations seem to be firing on all cylinders. Its most recent trading update showed the group booked £4bn of new business during the four months to the end of April.A staggering 94,000 new customers signed up to trading during this time frame, amid one of the worst market downturns in history. It seems as if most of these new clients didn’t waste any time diving into the stock market. Record dealing volumes drove revenue up 13% for the first few months of the company’s financial year to a record £448m.These figures show that despite the coronavirus-imposed economic and financial markets setback in the first quarter of this year, it’s business-as-usual for the FTSE 100 giant. Therefore, with the stock still trading below the position it started the year, now could be the perfect time to snap up a share of this leading financial enterprise.SchrodersShares in asset management giant Schroders (LSE: SDR) have also struggled this year. But, just like Hargreaves Landsdown, the FTSE 100 company’s underlying business looks in better shape than its share price. The firm’s most recent trading update showed the group booked net new business of £30bn in the first quarter of 2020.That said, Schroders’ success is somewhat tied to the fortunes of the stock market. Most wealth managers earn their money by charging clients a fee every year. This is usually based on a percentage of assets. So, when stock markets rise and asset values grow, income should increase. When markets fall, the opposite may happen. So, while the outlook for financial markets remains uncertain, the FTSE 100 stock’s near-term prospects may also be difficult to predict. But, over the next decade, a likely recovery in the world economy could catalyse its financial performance. This may lead to an improving share price outlook.The stock is down around 16% since the beginning of the year, suggesting it offers a wide margin of safety at current levels. As such, now may be the right time to buy a slice of this world-leading asset management group and FTSE 100 stalwart. 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. Our 6 ‘Best Buys Now’ Shares See all posts by Rupert Hargreaveslast_img read more

No wonder Emoov ran out of money! Quirk reveals £800k a month costs

first_imgEmoov’s former CEO Russell Quirk has revealed why his hybrid estate agency failed in a frank interview published over the weekend.In it Quirk reveals that investors’ need for rapid expansion, eye watering staff costs, huge digital marketing bills – that saw the company burn through £800,000 a month – and also being out-spent by Purplebricks all eventually brought the company down.“We were too ambitious and tried to grow too quickly,” he says.Quirk also reveals that Emoov spent £29 million of investor cash during its eight years, raised primarily from nine rounds of funding during the final four years of trading before going into administration just before Xmas.He also claims that the cost of hiring the kind of ‘chief’ or C-level staff that investors wanted to see on board meant the company ‘bled cash’.Marketing spend“The marketing approach that we had – and that the whole online/hybrid sector has – is ridiculous,” he says.Quirk has expanded on this elsewhere, explaining in a blog on Friday that the cost of gaining instructions from vendors via Google and Facebook cost the company a fortune.“In the first days of Emoov, the cost per click of the term ‘online estate agents’ was between £2 and £3,” he says.“Now, it’s around £50 and with many, many more companies slicing the pie.“Google Adwords went from returning us £2 for every £1 we spent in 2011 to a negative ROI of 30p returned for every £1 spent in 2018.”But Quirk is also clear that the arrival of Purplebricks and its huge initial £27 million launch budget, was a key factor in Emoov’s demise.“We were never second or third in terms of the money we raised, and we didn’t have the sugar daddy in the form of Neil Woodford that Purplebricks has or that HouseSimple has with Charles Dunstone or Yopa via DMGT and Savills,” he says.Watch the video in full.  Russell Quirk Emoov January 13, 2019Nigel LewisOne commentChris Arnold, Agency Negotiation Agency Negotiation 14th January 2019 at 6:16 amEMoov could have spent triple that amount and it still wouldn’t have made them successful. It only gets attention. It doesn’t get enrolment from potential vendors.For enrolment to happen, they needed a convincing message. They didn’t have one!‘Sugar-daddies’ don’t make a business successful. Execution of a sound plan ticks that boxLog in to ReplyWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » No wonder Emoov ran out of money! Quirk reveals £800k a month costs previous nextAgencies & PeopleNo wonder Emoov ran out of money! Quirk reveals £800k a month costsDuring a frank interview, firm’s former CEO Russell Quirk makes several surprising admissions about why the hybrid estate agency went into administration.Nigel Lewis13th January 20191 Comment3,648 Viewslast_img read more