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I go for FTSE 100 shares to try to build up some cash, and right now I’m seeing some great-value buys.
The Pensions and Lifetime Savings Association (PLSA) has just hiked the income it thinks we need for a comfy old age, and I’m looking more closely at them.
The PLSA now reckons we need around £31,300 a year for a moderate living standard. Ouch!
Long-term safety
So I want to think about how best to get close to that. Or even better. Some might look for big short-term gains. And maybe put all their money on the next stock they see being touted as a sure-fire multibagger.
But I wouldn’t go near that. I expect some years to be poor, and to get my fair share of losers along the way. In fact, I don’t think anyone should buy shares unless they plan to be in it for at least 10 years. Or, even better, 20 or more. And spread the risk.
FTSE 100 shares
The FTSE 100 has delivered long-term average returns of…
