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Since February 2020, the FTSE 100‘s grown (with dividends reinvested) by an average annual rate of 7.4%. I’m one of those people who’s benefitted from this increase. For several years now, I’ve been buying ‘blue-chip’ stocks to help fund my retirement.
But to my surprise it’s estimated that only 10% of Footsie shares are owned by pension funds. Despite this, I still believe the UK stock market offers excellent value for money.
FIRE
In 1992, a book was published, Your Money or Your Life, which claimed that — by making a number of sacrifices — it was possible for people to leave the workforce in their 30s or 40s. This doesn’t necessarily mean retiring. It’s all about giving people the choice of whether to work or not.
One of the ideas put forward is known as FIRE (financial independence, retire early). This involves saving or investing at least 50% of annual…
