Forget NS&I Premium Bonds. I’d buy UK dividend shares for a passive income

first_imgForget NS&I Premium Bonds. I’d buy UK dividend shares for a passive income 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. Enter Your Email Address NS&I Premium Bonds are one of the safest investments around. NS&I is backed by the UK government, which means it’s highly unlikely investors will lose any money they put towards these assets. Unfortunately, they do not match UK dividend shares when it comes to passive income potential. NS&I Premium Bonds: Drawbacks Just because the government backs Premium Bonds, it doesn’t mean they are good investments.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…Indeed, after the recent round of prize pool cuts, Premium Bonds now offer terrible return rates.What’s more, these investments do not produce a guaranteed rate of return. Owners are entered into a monthly prize draw, and while you can win a significant amount with these draws, nothing is guaranteed. As such, if you are looking to generate a passive income stream, I highly recommend avoiding NS&I Premium Bonds. I would buy UK dividend shares for a passive income instead. UK dividend sharesFrom December onwards, the prize draw interest rate for Premium Bonds will fall to just 1%. In comparison, the FTSE 100 currently supports a dividend yield of around 4%. Immediately, this suggests that UK dividend shares are a better instrument to produce a passive income than government-backed bonds. Some investors and savers might be wary of investing in stocks because of the additional volatility.While it is right that stocks can be volatile, over the long term, investors tend to see extremely positive returns. For example, over the past few decades, a diversified basket of blue-chip dividend stocks would have produced an average annual total return of around 8%. Passive income streamIn my opinion, this is best way to build a passive income stream with UK dividend shares. A selection of high-quality blue-chip stocks such as Unilever and GlaxoSmithKline could provide the perfect blend of income and capital growth over the long term. It should also minimise the risk of investors seeing a considerable loss in their portfolios. Another approach could be to buy a low-cost index tracker fund. These simple funds by the whole index of stocks, allowing investors to profit from the average dividend without having to worry about selecting individual securities. This could be a great place to start for investors who are not too sure about the market and want to minimise their risk while maximising profits.Combining NS&I Premium Bonds and UK dividend shares, maybe the best approach for investors who want to generate a passive income with reduced risk.For example, a 50/50 portfolio of Premium Bonds and blue-chip stocks yielding 4%, could produce an income return of around 3% every year. That’s excluding capital growth. This offers investors the best of both worlds, capital protection with bonds and additional growth and income with equities.That’s why I would buy UK dividend shares for a passive income over Premium Bonds.  There’s a ‘double agent’ hiding in the FTSE… we recommend you buy it! Don’t miss our special stock presentation.It contains details of a UK-listed company our Motley Fool UK analysts are extremely enthusiastic about.They think it’s offering an incredible opportunity to grow your wealth over the long term – at its current price – regardless of what happens in the wider market.That’s why they’re referring to it as the FTSE’s ‘double agent’.Because they believe it’s working both with the market… And against it.To find out why we think you should add it to your portfolio today… Rupert Hargreaves | Saturday, 17th October, 2020 Rupert Hargreaves owns shares in Unilever. The Motley Fool UK has recommended GlaxoSmithKline and Unilever. 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.center_img Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this. Image source: Getty Images See all posts by Rupert Hargreaves 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. Click here to get access to our presentation, and learn how to get the name of this ‘double agent’!last_img read more

Letters to the Editor for Sunday, May 5

first_imgJansson is best for Nisky school boardAs a grandfather of six children who attend Niskayuna schools, I maintain a robust interest in seeing them receive the best education possible.And, as a former school board member in Schenectady, I have a good sense of the kind of experience and skill set which makes for an effective school board member.In the last several years, I have come to know Greta Jansson as the kind of person who displays the requisite background needed to be a successful board member.Greta brings a strong character as an involved, caring parent who has worked diligently to understand the district’s programs, its needs and challenges. She has a vision of how our schools need to support and prepare young people to participate in today’s rapidly changing world. She possesses valuable financial experience borne of having operated her own business.Most importantly, she has impressed me as someone who works well with others, an essential quality for a contributing board member. Society evolves in the people it honorsMr. Pidgeon in his April 29 letter thinks it’s “inconsistent” to honor the slave-holders Washington and Jefferson while removing statues of Confederate generals. But the two cases are fundamentally different. We honor the early presidents not for slave-owning, but for their presidential achievements, which would be the same if they had chosen not to own slaves.Those Confederate leaders, on the other hand, are remembered solely because they chose to lead a horrendous crusade to preserve slavery. If they hadn’t, no one would remember them and the segregationists of the 1950s would not have installed the statues of them that are now, belatedly, being removed.Statues alone teach us virtually nothing about history, which is preserved in books and archives. Public statues are about who and what we choose to honor, and a society may properly change its collective mind about that.Wayne SomersDelanson Frederick Douglass later referred to it as “a most cunningly devised and wicked compact.” Both were referring to the three-fifths compromise and the Electoral College, in part.The intent of the Electoral College can be debated, but in practice, every president from 1801-1837 except two were slave owners. Most early presidents were from populous slave states. The Electoral College and the three-fifths clause helped Thomas Jefferson win in 1800. Without it John Adams would have secured a second term. Christopher OgnibeneNiskayuna Tax money is wasted on incompetenceDo any of our municipal governments or legislative bodies (which we hired) do their jobs? Was it a secret for decades that our infrastructures were aging, outdated and deteriorating? Did any of our officials start planning or saving for the ultimate unavoidable cost? So now, for example, the town of Lake George (which has a very profitable tourist business, by the way) is asking for state and federal (i.e. taxpayer) money to replace its predictably harmful and obsolete water treatment facility.Lake George is not an exception. Year by year, most municipalities will be begging for money from state and national taxpayers. Another cost to us all for incompetence.Think about this: We are replacing most bridges after 50 years or less, whereas the Brooklyn Bridge was built in 1883. So, when our officials do fix or build something, they do it poorly.Wouldn’t we all like to know where all that tax money we pay in goes?M.B. GuidarelliSchenectadyMore from The Daily Gazette:EDITORIAL: Urgent: Today is the last day to complete the censusEDITORIAL: Find a way to get family members into nursing homesFoss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Beware of voter intimidationEDITORIAL: Thruway tax unfair to working motorists For these reasons, I enthusiastically support Greta Jansson for election to the Niskayuna Board of Education.Robert K. CorlissSchenectady Categories: Letters to the Editor, OpinionConstitution gets a pass on racism. Why?Why is Dr. Seuss bad, but the U.S. Constitution is good? In the last few years, Theodor Geisel (Dr. Seuss) has been labeled a racist for illustrations that depict Asian and African characters with exaggerated physical (and not perfectly anatomically correct) features and stereotypical clothing. It’s interesting to note Geisel was drawing “evil” Asians in the World War II era, when the U.S. government actually physically interred hundreds of thousands of Japanese Americans and depicted them as absolutely evil in response to Pearl Harbor.Somehow, the Constitution has been given a pass and suffers no such critical examination by mainstream academics or social media.There’s no social movement to ban the Constitution, despite its role in proliferating the practice of slavery. In 1832, William Lloyd Garrison pronounced it “the most bloody and heaven-daring arrangement ever made by men for the continuance and protection of a system of the most atrocious villainy.” Turn the tables on political dominanceHere’s a thought experiment from a Twitter thread that I found second hand and have taken the liberty to lightly edit. Here we go.Try to imagine men’s reactions if it was known for a fact the next 45 presidents would be women, and after those 240 years, a man running was considered “identity politics.”Try to imagine men’s reactions, were it known that of the next 113 Supreme Court justices, only four would be men, and none of those would be appointed before 2205, and even then women’s complaints about male appointees would be “Why don’t they just appoint the person best qualified?”What if we men knew there wouldn’t be a male candidate for the presidency for 240 years, and even then, he’d lose to the 2260 version of Roseanne Barr — who’d been taped bragging about assaulting men during the campaign — but the media talked about what a scary time it was for women?What if men needed a wife to own property for the next century or so? Or to simply open a bank account?But have no fear, 100 years after that there will be a constitutional amendment declaring men have fully equal rights as women.Paul DonahueNiskayunalast_img read more

Wolf Administration Announces Additional Funding for Mill 19 Renovations in Allegheny County

first_img October 13, 2020 Infrastructure,  Press Release Governor Tom Wolf announced the approval of new funding through the Industrial Sites Reuse Program (ISRP) to the Regional Industrial Development Corporation (RIDC) to perform environmental remediation on the three main bay cranes located at Mill 19 in the City of Pittsburgh, Allegheny County.“The ongoing Mill 19 project is a major investment in western Pennsylvania and an example of productively utilizing and bringing new life to unused and unsafe spaces in the commonwealth. This property was shuttered and left vacant with the collapse of the steel industry, and these investments now allow for renovations to ensure a safe and updated property equipped for new opportunity,” said Gov. Wolf. “This funding will bring purpose back to Mill 19 for many years to come and revive the surrounding communities.”Mill 19 at the Hazelwood Green site is one of three existing structures that remain standing from when the site was used for steel production. The cranes are part of Mill 19’s 265,000 square foot complex on the 178-acre Hazelwood Green site, which contains two newly constructed buildings and one in the planning stage. Each crane contains lead-based paint and a small amount of asbestos-containing materials.The ISRP grant will provide $300,000 to conduct asbestos and lead-based paint remediation on all three large cranes’ surfaces. The RIDC will provide matching funds of $100,000. Once remediated, the site will include flex office space, a ground floor garage, and lab and workshop space that conforms to the high-performance building characteristic.“This funding is so important to remove toxic and unsafe chemicals as Mill 19 continues to be revamped. It makes certain that the property is safe for incoming tenants and Pittsburgh as a whole,” said Department of Community and Economic Development (DCED) Secretary Dennis Davin. “The RIDC’s commitment to transforming this space for productive use is going to bring countless new jobs and businesses to Allegheny County, and we can’t wait to see this project come to completion.”Mill 19 has been designed to be eco-friendly, environmentally sustainable, and LEED v4 Gold certified. Mill 19’s first building will house Carnegie Melon University’s Advanced Robotics for Manufacturing Institute (ARM) and CMU’s Manufacturing Futures Initiative (MFI). In 2018, construction began on the second building, a new 70,000 square foot workspace that will house a corporate research and development center for a global technology company.In the past, the RIDC has received $9.6 million in grants and $14.4 million in loans through Business in Our Sites (BOS) project funding through the Commonwealth Financing Authority (CFA) and an additional $300,000 in ISRP funds to continue with the redevelopment of Mill 19.“Environmental remediation like this provides multiple benefits by getting harmful pollutants like lead paint and asbestos out of the environment and spurring economic development,” said Department of Environmental Protection (DEP) Secretary Patrick McDonnell. “Through funding programs like ISRP we can continue building the economy of the future without being limited by pollution from the past.”The ISRP provides loans and grants for environmental assessments and remediation carried out by eligible applicants who did not cause or contribute to the contamination. The program is designed to foster the cleanup of environmental contamination at industrial sites, thereby bringing blighted land into productive reuse.For more information about the Industrial Sites Reuse program or DCED, visit SHARE Email Facebook Twittercenter_img Wolf Administration Announces Additional Funding for Mill 19 Renovations in Allegheny Countylast_img read more