The misleading allure of rising share prices

first_imgSimply click below to discover how you can take advantage of this. Malcolm Wheatley | Sunday, 7th February, 2021 Image source: Getty Images Puzzled? Let me explain.Handy trackingMany of us use such portfolio-tracking tools, and I still mourn the loss of the now-retired one from Google. These days, I use the free tool provided by the Financial Times – perhaps you too use it, or the one provided by Yahoo. Like anybody else, I like to see nice big percentage gains. But I try not to be fooled by them. 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. Such tools are a handy way of aggregating together, in one place, multiple accounts with multiple brokerages. Even if you’ve only got one account, they’re also an excellent way of getting a real-time view of your investment portfolios without individually logging into them. “If you expect to be a net saver during the next five years, should you hope for a higher or lower stock market during that period?” Most such tools provide some sort of 12-month comparison, showing how you’re doing now, compared to how you were doing a year ago. 5 Stocks For Trying To Build Wealth After 50 By the end of February, it would close at 6,581, a fall of some 14% from that 17th January high point. Either way, you get a good feel for how you’re doing, and your performance as an investor.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…Or do you? I’m not so sure.The problem is that a 12-month comparison is precisely that: a comparison between now, and exactly 12months ago. So rather a lot depends on exactly what was happening 12 months ago. Put another way, if the Footsie remains at exactly the same level it is at today, all the way through until 24th March, then on 24th March a 12-month view will show a gain of 23%. And as investors, we’d be feeling pretty smug: a 23% gain in a year. Wow! So rather than mourn the losses since 17th January 2020, I try and focus on the opportunities offered by the Footsie being on sale – and on sale it is, even now, with markets well up from their March 2020 nadir. As he points out, these questions answer themselves. But now ask the same question again, but in the context of stock markets and share prices: In reality, of course, we’d still be 1,200 points below where the market had reached on 17th January 2020. Not so good.Misleading gains, but real opportunitiesWhat to do about such invidious comparisons? Simple: ignore them. Almost always, it’s better to ignore random 12-month comparisons, and make more meaningful comparisons, such as against 2020’s high point of 7,674 on 17th January. Thanks to the Google Finance charting tool, that’s very easy to do. And by the end of January 2020, Covid-19 wobbles had started to affect the markets. The Footsie closed at 7,674 on 17th January. On 31st January, it closed at 7,286 – a 5% fall. 7,674 on 17th January was to be its high-point of the entire year, although we didn’t know that then. The misleading allure of rising share prices Click here to claim your free copy of this special investing report now! And as I remarked in a recent article, I’ve been buying, and have been doing so since the late summer.Warren Buffett’s hamburgersRemember: as investors, while we enjoy seeing gains, the reality is that this means that shares have become more expensive to buy. For income investors, for example, that means a lower yield and less income. Enter Your Email Address As always, Warren Buffett sums it up well:“If you plan to eat hamburgers throughout your life and are not a cattle producer, should you wish for higher or lower prices for beef? Likewise, if you are going to buy a car from time to time but are not an auto manufacturer, should you prefer higher or lower car prices?” With Yahoo’s tool, an annualised gain figure is provided on a share-by-share basis. It’s not enabled by default, and it’s only selectable on those portfolio ‘views’ that can be edited. There’s also a 52-week graphic visualisation, also on a share-by-share basis. Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away. And by the end of March – March 24th, to be precise – it will be telling me that I’m an absolute genius. You’ll get that same warm glow, I’m sure. For the time being, we’ve now got that lower stock market. Don’t waste it. Our 6 ‘Best Buys Now’ Shares Last week, the first glimmers of reality distortion began to appear in my portfolio. By the end of February, I expect it to be far more visible, with my online portfolio-tracking tool telling me what a smart investor I am. With the Financial Times’ portfolio tracking tool, it’s exactly that: across the complete portfolio as a whole, and across every individual account, it shows the percentage movement between a year ago, and now. There isn’t, I don’t think, any way of switching this off. And on 23rd March, it would fall below the 5,000 level, to 4,993. 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 Malcolm Wheatleylast_img read more

SC Directs Maharashtra To Provide COVID-19 Test Results To Patients & Their Relatives Directly

first_imgTop StoriesSC Directs Maharashtra To Provide COVID-19 Test Results To Patients & Their Relatives Directly Sanya Talwar19 Jun 2020 4:14 AMShare This – xOverriding a circular issued by the Maharashtra Government, the Supreme Court directed it to provide COVID-19 test results to patients and relatives directly.A bench of Justices Ashok Bhushan, SK Kaul & MR Shah said that such a restriction imposed by the State Government should be done away with.The Counsel appearing for State of Maharashtra stated that he shall advise the…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginOverriding a circular issued by the Maharashtra Government, the Supreme Court directed it to provide COVID-19 test results to patients and relatives directly.A bench of Justices Ashok Bhushan, SK Kaul & MR Shah said that such a restriction imposed by the State Government should be done away with.The Counsel appearing for State of Maharashtra stated that he shall advise the Maharashtra Government to review the circular.The bench also stated that a status report regarding the ongoing state of affairs in Delhi as well as other states should be submitted every week and an expert committee must be formulated comprising doctors from the Centre & State to look into the issues so remedial action (if any) can be taken from time to time.The Court also took note of the submission of ASG Sanjay Jain (appearing for the Government of NCT Delhi) that no FIRs were pending against doctors in the state.”The contemplated action against the doctor has been withdrawn” said Jain.”No FIRs should be pending against hospitals also” said Justice Kaul.On last hearing date, the Court had pulled up the GNCTD for filing FIRs against doctors for raising complaints.Further, Court noted that LNJP Hospital at New Delhi had submitted that cameras shall be installed in all wards of the hospitals. “Hospitals in all states shall be directed to do the same” said Justice Bhushan.The top court also stated that the Centre must issue a uniform advisory to all states regarding Covid testing rates, with the leeway of devising their state-specific regulations. In light of this, the bench considered various intervention applications but did not pass any specific orders. It asked all intervenors to provide their specific suggestions in writing to the Solicitor General as well as counsel of respective states for appropriate consideration.”We are aware of the unfortunate incident that your grandfather had to go through. It depicts the sorry state of affairs in Delhi. Provide your suggestions to the SG”, Justice Kaul told one of the intervenors Mr. Udian Sharma who’s grandfather passed away on account of alleged gross negligence by Hospital authorities.Taking note of a circular released by the Maharashtra Government pertaining to non-giving of reports of Coronavirus test to patients and/or their relatives, Court stated that the same shall be done away with. At this juncture, Bench stated that the above-mentioned directions shall be available at length on the SC website today itself.Background:On June 17, the Court had pulled up the Delhi Government for targeting doctors and healthcare workers while hearing in its suo motu case titled “In Re Proper Treatment Of COVID-19 Patients And Dignified Handling Of Dead Bodies In The Hospitals, Etc.”.While noting that the response of Delhi government on Covid patient care was vague and incomplete, Court directed the Government to file a “better affidavit” laying down its response to management of the Coronavirus crisis.While slamming the Delhi Government’s lackadaisical approach, the bench told ASG Sanjay Jain (Counsel for Delhi Government) that the Government was suppressing numbers and threatening doctors with filing of FIRs. “The doctors and nurses are soldiers. We are fighting a war. If we don’t treat them properly, how will you win the war? Your approach seems to be that you’re filing FIRs against doctors. You are shooting the messenger, the paramedics, the doctors! You are suppressing numbers and threatening doctors” – Bench had remarkedFurther, the bench had remarked that all unfortunate steps taken by the Delhi Government towards health care workers must be withdrawn.On June 11, the bench had issued notice to the Governments of NCT of Delhi, Maharashtra, West Bengal, Gujarat and Tamil Nadu over management of COVID-19 situation and had sought their response regarding the management of patient care and handling of dead bodies in hospitals.The top court had also issued notice to Lok Nayak Jai Prakash Hospital, New Delhi from where shocking visuals of mishandling of dead bodies of COVID-19 patients emerged.Further to this, the bench had taken note of the abysmal testing rates in Delhi and the horrific scenes of hapless patients and undignified handling of dead bodies that had been brought to the fore by India TV’s video report on June 10. “India TV on June 10 highlighted a report on a video where patients have been in pathetic conditions. Dead bodies in the lobby, waiting area, wards…This is the state of a Govt hospital..”Earlier, former Law Minister Senior Advocate Dr. Ashwani Kumar had written a letter drawing the attention of the Court towards various reported incidents, whereby persons suffering from Covid19 infection are being ill-treated and their dead bodies are being manhandled.Senior Advocate had drawn the attention of the CJI towards a tragic indecent in Madhya Pradesh where an elderly man suffering from Covid was tied to a bed, after he allegedly failed to make payment of fees for his treatment.He had stated that the Supreme Court had on multiple occasions recognised the “right to die with dignity” as a fundamental right and had asserted that the Court has the “duty and the power” to ensure that the law declared by it is actually enforced.”It is requested that the Court takes suo-motu notice of the matter. In view of the shocking infraction of the fundamental right to dignity…Your Lordships are respectfully requested, to issue such orders, writs or other directions as will effectuate the citizens’ right to die with dignity,” Kumar stated in his letter.Next Storylast_img read more

Illegal sub-letting at ‘epidemic’ levels claims TV evictions star

first_imgHome » Crime » Illegal sub-letting at ‘epidemic’ levels claims TV evictions star previous nextRegulation & LawIllegal sub-letting at ‘epidemic’ levels claims TV evictions starLandlord Action’s Paul Shamplina claims ‘professional’ sub-letting scammers are becoming a significant problem particularly in London.Nigel Lewis14th June 201901,312 Views The TV property evictions show Nightmare Tenants Slum Landlords is set to continue next week and will uncover the extraordinary tale of an Instagram star who turned out to be a ‘professional’ rental scam artist.The programme also highlights how sub-letting scams are becoming a major problem in London, fuelled by a rise in the number of well-informed criminals who play the system for significant financial gain.Featuring Landlord Action’s Paul Shamplina, the Channel 5 TV show on Monday follows landlord Han Yip as he discovers that his swish West London property has been sub-let illegally by a tenant to three unsuspecting foreign students.The original tenant turns out to be an Instagram star who flaunts his suspiciously luxury lifestyle despite not having a job, and who brags about a ‘business empire’ on the social media platform. The programme subsequently finds out that the individual involved had done time in a US prison on fraud charges.“Han Yip was very unlucky,” says Shamplina (left). “He had done everything correctly, from using a professional letting agent to carrying out thorough referencing.“Unfortunately, this particular fraudster had changed the spelling of his name among other tricks to slip through referencing.“Illegal sub-letting is becoming something of an epidemic in London and more needs to be done to prevent cases like these.”London is not the only city blighted by sub-letting. As we reported earlier this month, a sub-letting scandal was recently uncovered in Bristol.Nightmare Tenants Slum Landlords is set to air on Monday 17th June at 9pm. Nightmare Tenants Paul Shamplina Channel 5 June 14, 2019Nigel LewisWhat’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 2021last_img read more

Early entries top 110 for 28th annual IMCA Harris Clash

first_imgSPRING VALLEY, Minn. – Early entries are in hand from more than 110 drivers for Tuesday’s Harris Clash. George Nordman, Mason City, Iowa Marcus Yarie, Wausau, Wis. Ryan Schilling, Durango, Iowa Robert Wittkopf, Green Bay, Wis. Jayden Larson, Mankato Richie Gustin, Gilman, Iowa Aaron Benson, Clear Lake, Iowa Tom Berry Jr., Newburg, N.D. Chris VanMil, Barnesville Daniel Fellows, Keokuk, Iowa Jared Nytroe, Brandon, S.D. John Burrow Jr., Denver, Colo. Cayden Carter, Oskaloosa, Iowa More information about the Clash, presented by the TraLo Companies of Owatonna, is available on the www.harrisclash.com and www.deercreekspeedway.com websites, and by calling event promoter Bob Harris at 515 292-9200.  Troy Cordes, Dunkerton, Iowa Tyler DeBouche, Green Bay, Wis. Josh Appel, Mason City, Iowa Modifieds race for $3,000 to win, plus a $500 bonus if their chassis was built by a Manufacturers’ Cup participant, plus a berth on the 2020 Fast Shafts All-Star Invitational ballot. Top prize for the Northern SportMods is $1,200. Ryan Ruter, Clear Lake, Iowa Zane DeVilbiss, Farmington, N.M. IMCA Modifieds and Karl Kustoms Northern SportMods headline the 28th annual event at Deer Creek Speedway on Aug. 6. Thirteen states are represented by the list of pre-registered competi­tors. Todd Stinehart, Waseca Bill Wegner, Armstrong, Iowa Robb Nutt, Armstrong, Iowa Steve Reynolds, Springfield, S.D. Jeremie Hedrick, Embarrass, Wis. Mike Mullen, Seymour, Wis. Dylan VanWyk, Oskaloosa, Iowa Jeff Ignaszewski, Wells Thomas Nelson Jr., Aurora, Colo. Rod McDonald, Manchester Ronn Lauritzen, LaPorte City, Iowa New this year is the 10-lap, $1,000 to win Harris Clash Race of Champions open to all former Clash winners and sponsored by Wehrs Machine and Racing Products. The highest finishing non-qualifier in that race receives a provisional start in the main event. Cody Laney, Torrance, Calif. Jason Snyder, Dunkerton, Iowa Aaron Krohn, Slayton Adam Hensel, Baldwin, Wis. Chad Porter, Madison Lake Jake McBirnie, Boone, Iowa The Harris Clash will be broadcast by IMCA.TV.  Dakota Sproul, Hays, Kan. Nick Meyer, Whittemore, Iowa Jesse Skalicky, Fargo, N.D. Dan Paplow, Dundee Pre-registered Modified drivers include: Clint Hatlestad, Glencoe Garett Wilson, Carlisle, Iowa Doug Smith, Lanesboro, Iowa Ricky Thornton Jr., Adel, Iowa Zack Rawlins, Kellogg, Iowa Tim Ward, Chandler, Ariz. Austin Schrage, Cresco, Iowa Clint Morehouse, Colona, Ill. Matthew Meinecke, Jamaica, Iowa John Albrecht, Glencoe Joshua Moulton, Rush City Mike Kennedy, Madison Lake David Siercks, Princeton Jesse Sobbing, Malvern, Iowa Chris Burke, Altoona, Iowa Mark Noble, Blooming Prairie Dan Menk, Franklin Brekken Kleinschmidt, Shawano, Wis. Zack VanderBeek, New Sharon, Iowa Jeff Larson, Freeport, Ill. Austin Wolf, Algona, Iowa And pre-entered Northern SportMod drivers are:  Mike Burbridge, Delhi, Iowa Zach Nitsch, Delia, Kan. Michael Wytaske, Hartland Joel Rust, Grundy Center, Iowa Chase Ellingson, Ackley, Iowa Scott Olson, Blairsburg, Iowa Rob Charapata, Green Bay, Wis. Brayton Carter, Oskaloosa, Iowa Zach Davis, Lonsdale Josh Foster, Newton, Iowa Troy Gudmonson, Savage Nicholas Carpenter, Leavenworth, Kan. Jason Bass, Fort Dodge, Iowa J.D. Auringer, Waterloo, Iowa Rocky Caudle, Ellsworth, Iowa Chris Abelson, Sioux City, Iowa Mark Elliott, Webster City, Iowa Sam Wieben, Dysart, Iowa Nate Whitehurst, Mason City, Iowa Bart Taylor, Sheridan, Wyo. Jason Pansegrau, Toledo, Iowa Ethan Braaksma, Newton, Iowa Aaron Johnson, Brainerd Geoff Jeche, Juneau, Wis. Tyler Soppe, Sherrill, Iowa Mike Mashl, DePere, Wis. Johnathon Logue, Boone, Iowa Jim Chisholm, Osage, Iowa Kelly Shryock, Fertile, Iowa Jeff Carter, Mapleton Tim Bergerson, Eagle Lake Brian Kauffman, Reinbeck, Iowa Jared VanDeest, Holland, Iowa Joe Docekal, Dysart, Iowa Dallas Nutt, Armstrong, Iowa Tony Wedelstadt, New London, Wis. Hunter Longnecker, Woodward Colby Fett, Sexton, Iowa Jacob Bleess, Chatfield Jake Sachau, Denison, Iowa Ben Chapman, Clarence, Iowa Brandon Schmitt, Sun Prairie, Wis. Kelly Henderson, Minot, N.D. Erick Thiesse, Brainerd Benji LaCrosse, Green Bay, Wis. Nate Chodur, Lake Mills, Iowa Jeremy Mills, Britt, Iowa Ben Stockton, Kansas City, Mo. Dustin Wudstrack, Tigerton, Wis. Mat Hollerich, Good Thunder IMCA Speedway Motors Weekly Racing National and E3 Spark Plugs Minnesota State points will be awarded in both divisions; Modifieds also earn Side Biter Chassis North Central Region points.  Pit gates at Deer Creek open at 3 p.m. and the grandstand opens at 4 p.m. Hot laps are at 6 p.m. with the drivers’ meeting and racing to follow. Spectator admission is $20 for adults and $5 for kids ages 12 and under. Pit passes are $35 for adults, $20 for students ages 6-15 and $5 for ages five and under. Brandon Williams, Platte City, Mo. Jake O’Neil, Tucson, Ariz. Jacob Murray, Hartford, Iowa Andy Tiernan, Madrid, Iowa Ethan Dotson, Bakersfield, Calif. Joe Duvall, Claremore, Okla. This is the second year Deer Creek has hosted the Clash; defending race winners are Cayden Carter in the Modifieds and Jake McBirnie in the SportMods.last_img read more

Mookie Betts: Best players have responsibility to play, not be brand ambassadors for MLB

first_img How Dodgers pitcher Ross Stripling topped the baseball podcast empire Dodgers’ Max Muncy trying to work his way out of slow start Dodgers hit seven home runs, sweep Colorado Rockies “I’m not really here to be the face of anything. I just want to win some rings and keep it moving. If I am, then cool. I’ll embrace it. But if not, then that’s fine too. My responsibility is to show up and lead off for the Dodgers every day.”Betts does feel a responsibility to his community — something that has nothing to do with his place in the game. The 27-year-old was well known for his charitable efforts in Boston and his hometown, Nashville, showing up with food for the homeless with no fanfare. During quarantine, Betts showed up at his local grocery store, bought groceries for several customers and pizza for the workers.It’s just “how I was raised,” Betts said.“Life is bigger than baseball,” he added. “Baseball is just for a short period of time. There is so much more to life. God blessed me with everything that I have. So I’d just like to share what I have with everyone else. Making other people happy makes me happy.”Betts will continue his good works in his new home Sunday. The Dodgers Foundation, Pull Up Neighbor (a community-response organization) and Betts will join together for a “grab-and-go giveaway” in Compton. The event will provide free hand sanitizer, face masks and food boxes as well as health screenings and voter registration.“This is my home now,” Betts said. “L.A. is my home now. So I definitely want to make an impact here.”SMITH STATUSCatcher Will Smith was available only for emergency duty again Friday as he deals with a stiff neck caused by a collision at home plate last week. Dodgers manager Dave Roberts said there has been “mild improvement” since Smith aggravated the injury on Wednesday. It is possible Smith could end up on the injured list.“Will hasn’t done anything moving around baseball-wise,” Roberts said. “He’s day to day but it’s certainly not out of the realm of possibility that (a move to the IL) could happen.”GONSOLIN STARTRight-hander Tony Gonsolin has not given up a run in two spot starts. He could make another start in the next week if he’s not needed in the bullpen first.“We haven’t decided on a day because things can happen,” Roberts said. “I don’t want to put him in a box because we might need his services. If we don’t have to call on him, he’ll certainly make a start next week.”Related Articles ANAHEIM — The sport’s two best players — and two of the most well-paid in its history — will be on the field together in Anaheim this weekend.But Angels outfielder Mike Trout and Dodgers outfielder Mookie Betts are playing in relative anonymity when it comes to national profiles, big-brand endorsements and Q ratings. Seemingly any NFL quarterback and half of the starting players in the NBA have bigger “brands” and certainly a greater social media presence than either Trout or Betts.MLB doesn’t seem to know how to market its best players, a fact emphasized two years ago when Commissioner Rob Manfred seemed to put the blame on Trout for not marketing himself better.“Mike’s a great, great player and a really nice person, but he’s made certain decisions about what he wants to do and what he doesn’t want to do, and how he wants to spend his free time and how he doesn’t want to spend his free time,” Manfred said. “That’s up to him. If he wants to engage and be more active in that area, I think we could help him make his brand really, really big. But he has to make a decision that he’s prepared to engage in that area. It takes time and effort.” Fire danger is on Dave Roberts’ mind as Dodgers head to San Francisco Cody Bellinger homer gives Dodgers their first walkoff win of season Having moved from one iconic franchise, Boston, to another in an even bigger, star-centric market, Betts said he feels no responsibility to put himself out there as “the face” of MLB any more than Trout should.“I don’t think there are any responsibilities (that come with being the best player and one of the most well-paid in the sport),” Betts said Friday. “Mike can do what he wants. If he wants to be the face then he can be the face. He’s already the best player so I don’t think he has to do more to be the face. I think he can just be who he wants to be.“Us as people, we can be who we want to be. If somebody wants to be more vocal, then let them be more vocal. If they don’t, then they don’t. I don’t feel there’s a responsibility there at all.”Betts acknowledged that their stature in the game provides “an opportunity” and a platform. But it’s not one that requires them “to do anything they don’t want to do.”“Yeah, it’s an opportunity. But you don’t have to take your opportunity,” Betts said. Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more