The answer to this question depends largely on personal circumstances and living standards. But according to Pensions UK, a comfortable retirement in Britain requires an annual pension income of £43,900 a year for an individual, or £60,600 for couples.

Needless to say, that’s considerably more than what the roughly £12,000 the UK State Pension currently offers. As such, it’s crucial to build some personal retirement wealth. And that’s a task best suited to long-term investing.

Even when starting from scratch at the age of 40, there’s still plenty of time to build a chunky pension pot and establish the required retirement income. Here’s how.

Setting targets

Assuming the State Pension remains the same, a pension portfolio needs to generate a minimum annual passive income that’s just shy of £32,000. When following the 4% withdrawal rule, that means investors need to have an £800,000 nest egg. Of course, with inflation, investors may have to aim a little higher.

Assuming a portfolio can generate an 8% annualised return in line with the wider UK stock market, investing £750 each month will eventually surpass the £800k threshold within around 26 years, just in time for retirement. And by leveraging the tax relief advantages of a Self-Invested Personal Pension (SIPP), this timeline could be shortened even further.

Another way to accelerate the journey towards a comfortable retirement is through stock picking. Rather than relying on index funds, investors can opt to focus solely on the best and brightest of businesses, potentially unlocking superior returns in the process. Even if this extra effort only yields an extra 2% in annualised returns, that’s enough to cut years off the waiting time.

The power of stock-picking

Identifying market-beating stocks is far easier said than done. But when successful, the gains can be explosive. One recent example of this is Alpha Group International (LSE:ALPH).

The currency risk management and alternative banking business successfully carved out a unique niche within the wider corporate banking market. By focusing exclusively on small- and medium-sized businesses that traditional banks ignored, Alpha was able to expand without much competitive pressure.

Subsequently, since its IPO in 2017, the stock went on to deliver a staggering 1,570% return before even counting dividends. That’s the equivalent of a 42% annualised return – enough to transform £750 a month into £800k in less than nine years.

Even in 2025, Alpha continues to outperform despite sluggish activity within the private financial markets it serves and the continued headwinds of wider economic uncertainty. Sadly, its days as a market-beater seem to have come to an end. Not because the underlying business is struggling, but rather because it’s being acquired and taken private, ending its story as a public company.

As a shareholder, seeing Alpha ride off into the sunset is saddening. Mostly because I now have to search for another business of the same calibre as my profits. That’s not an easy task. But by honing in on the companies with a unique niche and wide competitive moat, investors can potentially stumble upon the next Alpha, and hopefully enjoy similar explosive gains to build a chunky pension pot.

The post To live comfortably, here’s how big your pension might need to be… appeared first on The Twelfth Magpie.

Hunting British growth

The FTSE 250 and FTSE AIM indexes are filled with small- and mid-cap companies eager to expand their operations and climb the ranks towards the coveted FTSE 100. But over the last decade or so, the performance of these smaller growth enterprises has been largely underwhelming. In fact, most have actually lagged large-cap stocks as British economic growth remained stagnant.

However, not every business is the same, and a handful of companies such as Alpha Group International (LSE:ALPH) have defied expectations, delivering explosive returns in just a few years. Alpha, for example, is up more than 400% since the start of 2019. And when counting dividends, a £1,000 initial investment is now worth around £5,640.

There are a lot of factors influencing the success of this currency risk management and alternative banking enterprise. But three standout catalysts were:

• Niche focus – Alpha focused on small- and medium-sized enterprises ignored by its larger rivals, sidestepping most of the competition.
• Prudent capital allocation – Alpha has steadily diversified its portfolio away from cyclical currency risk management and into more stable alternative banking and corporate payment processing.
• Cash cow – Alpha’s business model generates recurring, high-margin revenue, paving the way for impressive free cash flow generation. That’s allowed management to be exceptionally flexible and keep the balance sheet entirely debt-free.

Of course, it hasn’t been a smooth ride. Even with diversification efforts, currency risk management remains a dominant source of income. With volatility in the currency markets on the rise, that’s actually quite favourable. But once stability eventually returns, the impact on growth could be quite significant. And this cyclicality risk is something shareholders and investors have had to bear since its journey began in 2017.

Finding the next Alpha

As one of my largest holdings, I remain bullish on Alpha. However, whether another 400% gain is in the cards seems unlikely at this stage. That’s because its tremendous performance hasn’t gone unnoticed. And after being approached, management’s now flirting with the idea of a takeover.

Fortunately, there are plenty of other hidden gems in the stock market waiting to be discovered. Unfortunately, spotting these winners is a tricky task. After all, if they were easy to spot, everyone would be quintupling their money on a regular basis.

However, by filtering out the businesses with weak free cash flow generation, high debt burdens, and ample competition, we can narrow the search for the best UK growth shares significantly.

The post This UK growth share turned £1,000 into £5,000! appeared first on The Twelfth Magpie.

So if an investor manages to 10x their portfolio, they get to keep all of these juicy gains. But the question now becomes, how can an investor transform a £1,000 investment into £10,000?

Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of tax advice. Readers are responsible for carrying out their own due diligence and for obtaining professional advice before making any investment decisions.

Exploring options

There are different ways to strive for a 10x return. Exploring penny stocks can be a good place to start. These enterprises have a habit of delivering explosive gains (although many also fail).

One example would be Tilray Brands in 2018. With hype surrounding the upcoming legalisation of cannabis, the cannabis-themed consumer packaged goods enterprise was a seemingly exciting opportunity for investors to gain exposure to this market. And within a few short months of its IPO, the share price skyrocketed by 1,000%. So anyone who put £1,000 to work in July 2018 quickly had close to £10,000 by mid-September.

The problem is that hype-driven returns are rarely sustainable. Anyone who held on to their shares has seen all of these impressive gains wiped out. And those who bought at the peak are now sitting on a 99% loss – ouch!

Needless to say, penny stocks are hazardous. And while everyone loves the idea of getting rich quick, that often requires taking on lottery-like levels of risk.

Investing for the long run

Instead of focusing on penny stocks, exploring small-caps might be a more successful approach. There’s no denying these businesses still carry high levels of risk. But with established revenue streams and cash flow, they’re far more financially robust than most penny stock enterprises. And that makes the investing process significantly less speculative.

Not all small-caps are destined for greatness. But over the last decade, there have been multiple sustainable 10x success stories emerging from this space. Alpha Group International (LSE:ALPH) is a perfect example of this.

The foreign exchange risk management and alternative banking fintech joined the London Stock Exchange in 2017 at a market-cap of around £64m. It’s since carved out a niche that corporate bankers were overlooking. Revenue, earnings, and cash flows have surged at a double-digit rate despite economic slowdowns.

The journey hasn’t been smooth, with the share price getting chopped in half during the 2020 pandemic. And yet even with this turbulence, shareholders have reaped a total just shy of 1,100% as Alpha grew from an AIM-listed small-cap into a FTSE 250 mid-cap. And it’s how it became one of my largest holdings in my Stocks and Shares ISA.

Alpha’s growth story might not be over. While the company’s currently being courted for a potential takeover, management may decide to remain independent. Why? Because despite all the progress, it’s barely made a dent in its total addressable market that’s still dominated by archaic systems and legacy banks.

The company has begun stepping outside its niche, which means more competitive pressures. So assuming it isn’t acquired, the journey to deliver another 10x return may take considerably longer than eight years. Nevertheless, for patient investors seeking substantial long-term gains in a Stocks and Shares ISA, Alpha may be worth considering if it doesn’t get snapped up in the coming weeks.

The post From £1,000 to £10,000: investing with a Stocks and Shares ISA appeared first on The Twelfth Magpie.

Details of the company

The first is Alpha Group International (LSE:ALPH). The FTSE 250 stock is up 28% over the last year. Over the past five years, it’s up 244%. So although I can’t simply say that in the next five years (to 2030) that it will double based on the historical performance, it does provide me with an indication that it’s not impossible.

The company provides foreign exchange and alternative banking solutions to corporates. It makes money by charging fees and transaction commissions. In some ways, it operates like a bank, but because it specialises in certain payment and treasury services, it’s much more nimble. Given the extensive use of technology, it’s ahead of traditional banks. If it continues to innovate and stay ahead of the curve, the stock can keep rallying.

Why it could jump

I think the stock could double over the next five years based on the continued revenue trajectory and profitability. The 2024 report showed a 21% growth in revenue, with a 16% increase in client numbers. When I look back at previous years, it’s a similar story. I don’t see any material reason why this pace of growth can’t keep going. If it does, the jump in earnings (assuming a similar 20% annual growth rate) would justify the share price being 100% higher in five years’ time.

The business’s net profit went from £12.47m in 2020 to £93.02m last year. This growth was predominantly organic, meaning that it was mainly due to ongoing business operations.

Now, let’s factor in inorganic growth. In 2023, Alpha Group bought Cobase, a bank connectivity fintech. The revenue contribution from Cobase increased from £0.2m in 2023 to £2.9m in 2024 and is expected to continue growing. If Alpha Group buys other linked businesses, this could ramp up revenue and profitability at an even faster pace.

Some will argue that growth will slow down as it gets larger. This is true, but I don’t think we’re anywhere close to getting there yet. The company has a market cap of £1.12bn. One of the largest payment and foreign exchange providers is Corpay, which has a market cap of £16.25bn. Doubling the share price (and therefore increasing the market cap) wouldn’t be unrealistic when looking at the overall size of the sector.

A risk to note

The main risk to my view is based on higher competition. Traditional banks are starting to catch on that fintech firms like Alpha Group are taking income away and processing a large amount of payments. If the banks decide to really push on this area, growth for Alpha Group could slow down to an extent that doubling the stock price becomes a fantasy.

Even with that concern, I still think it’s a great stock for my portfolio and I’m seriously thinking about adding it when I have some free cash.

The post Prediction: I think £1,000 invested in this UK stock could double by 2030 appeared first on The Twelfth Magpie.

For example, over the same period, Games Workshop (LSE:GAW) has skyrocketed by over 2,680%, including dividends, transforming £20,000 into an unbelievable £556,800!

To be fair, success stories on this scale are pretty rare. And stock picking can be quite a tricky task.

It’s easy to look back and say the growth potential for Games Workshop was so obvious, given the rising popularity of the Warhammer brand and the associated pricing power. But at the time, suggesting a near 27x return was on the horizon would have likely got you laughed out of the room.

Looking ahead, I think a repeat performance of this scale from Games Workshop is unlikely. After all, it’s no longer a small-cap, growing into a multi-billion pound enterprise, climbing the ranks of the FTSE 100. However, studying its past success could help uncover the next ‘Games Workshop’ stock and deliver monumental returns over the next decade.

How much might investors expect in a decade?

Over the long run, the FTSE 100 has historically delivered an annualised return of around 8%. By that logic, it’s not unreasonable for investors to anticipate having an ISA worth £44,392 by this time in 2035. Of course, that assumes the UK’s flagship index can keep up with its historical pace.

But what about finding another stellar winner like Games Workshop? One company I’ve been steadily adding to my Stocks and Shares ISA is Alpha Group International (LSE:ALPH).

The foreign exchange risk management and alternative banking enterprise has been carving out a niche within the corporate banking space. And that’s proven to be highly lucrative, given it’s already grown large enough to join the FTSE 250 despite only going public in 2017.

Leadership’s now leveraging its newly-acquired prestige to double down on its disruptive strategy of stealing market share from archaic corporate banks that still dominate the space.

In other words, Alpha’s hunting for more market share. And given the global FX risk management industry’s expected to reach £1.6trn by 2033 and alternative corporate banking’s on track to hit $435bn by 2030, the group’s £135.6m revenue stream barely scratches the surface of its potential.

Nothing’s guaranteed

Despite my bullish position on Alpha, there’s no guarantee the stock will deliver a positive return, let alone a Games Workshop-sized gain.

Demand for the firm’s services is strongly tied to volatility in the currency markets. Given the current geopolitical climate, volatility in currency exchange rates is currently elevated generating a tailwind. But should the environment begin to calm and currencies stabilise, this catalyst for growth will dissipate, potentially slamming the breaks on Alpha’s impressive double-digit growth track record.

Its alternative corporate banking division helps alleviate some of this cyclical risk. But that also comes paired with additional regulatory and competitive challenges.

Personally, given the potential reward and impressive track record, these are risks I feel are worth taking. But whether Alpha will go on to deliver gargantuan returns for my Stocks and Shares ISA, only time will tell.

The post Prediction: 10 years from now, £20,000 invested in a Stocks and Shares ISA could be worth… appeared first on The Twelfth Magpie.

However, despite appearances, the FTSE 250 could deliver some surprising gains later in the year. And one analyst forecast predicts the index could rise as high as 28,300 points by the end of December. That’s a potential 45% surge just around the corner!

The FTSE 250’s cheap

Compared to its long-term annual historical average return of 11%, the UK’s growth index has long been lagging behind. That’s despite earnings growing faster than inflation by around 4% for the last 30 years.

Combining these stronger profits with lacklustre interest from investors has dragged the index’s cyclically adjusted price-to-earnings (P/E) ratio to just 17. For reference, the index’s long-term average is closer to 22. And it goes to show how cheap the index has become over the years. Assuming the index mean reverts back to this average along with continued inflation-beating earnings growth in 2025, the FTSE 250 could enjoy a long-overdue upward correction.

Of course, there’s no guarantee these assumptions come true. With geopolitical tensions and investor uncertainty rising, a flight to safety to more stable indices like the FTSE 100 or commodities like gold may result in the mid-cap index once again underperforming.

However, even if the index itself doesn’t thrive, some of its constituents may still enjoy robust gains.

A potential winner in 2025?

Alpha Group International (LSE:ALPH) only recently joined the FTSE 250 (in June 2024) after climbing through the ranks on AIM.

However, it’s already the 118th largest company in the index as it continues its upward journey to the FTSE 100. And to demonstrate this growth in terms of shareholder gains, the stock’s up over 900% since its IPO in 2017. That’s a 33% annualised return!

Despite this tremendous run, the stock continues to fly relatively under the radar. There are currently only three institutional analysts following this business (each with a Buy or Outperform rating), with an average 12-month share price target of 3,200p versus the current 2,530p share price. And just like its parent index, the stock’s also trading at a seemingly cheap valuation with the forward P/E of just 11.3.

The currency risk management and alternative banking firm is currently facing off against some notable headwinds driven by higher interest rates. Yet that hasn’t stopped revenues and profits from climbing by double-digits. And now that interest rates are steadily falling, demand for its services is expected to rise throughout 2025, accelerating cash flows even further.

Of course, the firm isn’t without its risks. Stubborn inflation could prevent the desired interest rate cuts from materialising. And leadership has also just changed hands with the founder stepping down which could prove disruptive if the new CEO can’t maintain the firm’s momentum.

Nevertheless, despite the risks, it’s a business I remain bullish on. That’s why it’s already one of my largest holdings and why I think investors may want to take a closer look.

The post Is the FTSE 250 about to surge by 45%?! appeared first on The Twelfth Magpie.

After all, when the deadline passes, any unused allowance is lost forever. And given it provides British investors the opportunity to earn limitless capital gains and dividends tax-free, not capitalising on this investment vehicle could be an expensive mistake in the long run.

Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of tax advice. Readers are responsible for carrying out their own due diligence and for obtaining professional advice before making any investment decisions.

The good news is all investors have to do is deposit money into their ISAs to use their allowance. Of course, once the money’s been added, investors now have to deal with a new problem – where to invest it.

With that in mind, three growth stocks catching my attention right now are Games Workshop, Toast, and Alpha Group International (LSE:ALPH).

Profiting from market turbulence

Games Workshop’s off to a stronger start in 2025, with a recent trading update informing investors that trading during January and February was firmly ahead of expectations. Meanwhile, the latest earnings from the restaurant-tech enterprise Toast revealed further market share gains. However, Alpha Group International is in a particularly interesting position right now.

The alternative banking and risk management fintech enterprise has been a terrific performer over the last five years, rising by over 150% without counting dividends. It even landed itself as one of the latest additions to the FTSE 250 index. But the upward journey hasn’t been without headaches.

In 2024, higher interest rates have caused customer project delays. This meant lower demand for Alpha’s currency risk management and alternative banking services. Pairing that with the loss of its founder and CEO, Morgan Tillbrook, who stepped down at the end of last year, shares suffered a double-digit drop in September.

However, despite these headwinds, Alpha’s simply continued to thrive when looking at the group’s January trading update, with revenues growing by 23%. Yet this might be just the tip of the iceberg.

With talks of tariffs and resurgent inflation dominating financial headlines in the US, exchange rates with the US dollar have been volatile. In fact, since the start of March, the value of the US dollar relative to the British pound has fallen by 3%. That’s pretty extreme for the world’s reserve currency.

Yet currency volatility is Alpha’s bread and butter. As more businesses seek to hedge against currency fluctuations, demand for Alpha’s risk management services is likely to rise. That means a powerful tailwind for management to capitalise on.

What could go wrong?

In my opinion, all three of these growth enterprises are potentially set to thrive in 2025 and are worthy of consideration. However, that doesn’t make them risk-free investments.

Suppose new tariffs emerge between the UK and the US. In that case, Games Workshop’s export costs are likely to rise considerably, given it manufactures all its products in Nottingham. Meanwhile, Toast’s tied to the cyclical nature of the restaurant industry.

As for Alpha, new CEO Clive Kahn has some big shoes to fill. Having only moved into the corner office in January, it’s too early to tell whether he can maintain Tillbrook’s spectacular track record. But given Kahn’s been at Alpha for over eight years, I remain cautiously optimistic about Tillbrook’s successor.

That’s why Alpha continues to be one of the largest holdings in my Stocks and Shares ISA.

The post 3 tempting growth stocks to consider before the Stocks and Shares ISA deadline appeared first on The Twelfth Magpie.

However, all that may change soon. Trump has promised sweeping trade tariffs that leave the future of the US economy in question. If things don’t go as planned, the S&P 500’s performance may drop off. Both Goldman Sachs and JP Morgan are bearish about the index’s future, expecting annual growth of only 6% at best over the coming decade. The forecast is partly due to a belief that the index is highly overvalued.

Here in old Blighty, we haven’t seen the eyewatering returns of groundbreaking tech stocks. But we do have a wealth of well-established high-quality businesses with low volatility and reliable returns. As such, a faltering US economy could make way for more impressive growth back home.

Investors may want to consider the following two FTSE stocks as a hedge against potential volatility abroad.

International Consolidated Airlines Group

The parent company of British Airways, International Consolidated Airlines Group (LSE: IAG), has been doing well lately, gaining a massive 122.6% in the past year alone. But the gains only go a short way to recovering losses incurred during Covid: it’s still down 23.6% over five years.

With air travel now back on track and busier than ever, I think the stock has more fuel in the tank. Back in 2018, analysts were optimistic, eyeing price targets as high as 600p for the stock. That would be close to double the current price.

But the threat isn’t gone entirely. Covid taught us a lot about dealing with a pandemic but not enough to stop travel bans should a similar contagion emerge. If that occurs, IAG stock could easily plunge 70% as it did in early 2020. 

Better planning may lessen the impact but some losses would be unavoidable. 

Barring any further travel disruptions, it could reach 600p by 2030. If it does, it would equate to annualised returns of 13.2%.

Alpha Group International

Alpha Group International (LSE: ALPH) is a lesser-known FTSE 250 stock that could benefit from international trade disruption. The company specialises in the management of foreign exchange risk for corporate businesses.

It’s a relatively small, £954.7m-capitalisation company with just less than 500 employees and £53.3m in revenue. But recent growth is impressive, with revenue up 19% year on year and net income up 13.3%. Forecasters expect earnings per share to reach £1.15 by 2026 — a 70% rise from current levels.

If the £22 share price follows suit, it could reach £40 in the next five years, an annualised return of 12.47%. That’s not an unrealistic estimate, considering the share price doubled between the summer of 2020 and 2021. Since then, return on equity (ROE) has climbed from 13.9% to a massive 48.15%.

Despite these impressive figures, growth has been slower recently. This is likely due to economic challenges in the finance sector, particularly high interest rates that curb spending. If rate cuts materialise this year it could help dissipate these issues but if not, growth may stall again.

I think both stocks are worth considering as strong contenders to outpace the S&P 500 by 2030. 

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But what’s been driving these market-beating returns? And what am I doing to try and replicate this success in 2025?

Balancing growth and risk

Right now, I have 24 stocks in my ISA. Most investors would agree this suggests it’s a fairly diversified portfolio. Yet while these investments cover a range of industries and geographies, my ISA’s actually highly concentrated, with just over 60% invested in just five stocks: Shopify, Arista Networks, Alpha Group International (LSE:ALPH), Intuitive Surgical, and Mastercard.

This level of concentration isn’t how my portfolio started out. In fact, each of these positions initially received the same amount of starting capital. However, over time, continued success paired with some top-ups has increased their weighting and influence on my overall ISA. And that concentration has paid off, with all five achieving double-digit returns over the last 11 months.

Of course, concentration also has its downsides, particularly when it comes to short-term share price volatility. And should any of these businesses fail, a significant chunk of my growth portfolio could be in jeopardy. Needless to say, not everyone has this level of risk tolerance. However, I remain confident. Why? Because, as with every stock across all my portfolios, these businesses have strong competitive moats.

Arista Networks, Intuitive Surgical, and Mastercard are already practically monopolies. Shopify’s doing its best to become one with close to 10.3% of the global e-commerce market under its thumb. And Alpha Group International has carved out its own niche in the fintech alternative banking space with competitors trying and failing to take it down.

Investing before the crowd

The 30%+ return my Stocks and Shares ISA has delivered in 2024 hasn’t been driven by the investments I made this year. Instead, these gains are coming from purchases back in 2022 and 2023. With the US stock market taking a nosedive as inflation and interest rates went through the roof, investors had the opportunity to snap up high-quality businesses at dirt cheap prices.

Today, my strategy remains the same. There are still plenty of underappreciated growth stocks in the market, including potentially Alpha Group International.

Adverse economic conditions are creating a lot of headwinds within the alternative asset management industry that Alpha serves. Meanwhile, decreased spending from businesses awaiting lower interest rates is reducing demand for its currency risk management services as well, resulting in slower-than-normal growth.

This cyclicality’s a risk that isn’t likely to disappear any time soon. And the impact of prolonged economic downturns is apparent when looking at its financials. However, as this macroeconomic headwind slowly dissipates, Alpha could be set for a far more explosive 2025 and beyond.

That’s why I’m buying more while it’s still under temporary pressure ahead of what could be an impressive rebound over the next 12-18 months. And it’s not the only growth stock I’ve been buying this year.

The post My Stocks and Shares ISA’s up almost 40% in 2024! Here’s my strategy for 2025 appeared first on The Twelfth Magpie.

With further rate cuts just around the corner and the UK economy heating up again, time may be running out to snap up some terrific growth opportunities at the current lower price. That’s why I’ve already been topping up several of my positions, including Games Workshop (LSE:GAW) and Alpha Group International (LSE:ALPH).

2025: the ‘Year of Chaos’

Activity in the Warhammer: 40,000 universe is heating up. Games Workshop has a long list of new miniatures and army books set to be released throughout 2025. In particular, the highly popular Chaos factions will finally be getting their long-anticipated miniature revamps for 10th Edition. That’s why management’s dubbed 2025 as the ‘Year of Chaos’.

Pairing this with the upcoming releases of the new Astra Militarum and Eldar miniatures in the first quarter, Games Workshop’s impressive growth doesn’t appear to be slowing.

We’ve already had a taste of how new miniatures can spark growth. In the firm’s latest trading update, management confirmed sales are ahead of expectations. This is likely due to the high demand for the Christmas Battleforce box sets that recently started accepting pre-orders. As such, pre-tax profits for the six months leading to December are now on track to reach a minimum of £120m versus £96.1m a year ago.

Suppose the same level of demand’s generated for the new upcoming Chaos miniatures? In that case, this 25% earnings growth may be just the tip of the iceberg.

Of course, explosive earnings aren’t guaranteed. Not all new miniatures released in 2024 were met with enthusiasm, with the Blood Angels and Adepta Sororitas factions receiving a pretty lukewarm reception. Therefore, if the new miniatures don’t live up to the hype for hobbyists, growth could slow, sending the share price in the wrong direction.

Nevertheless, with more hits than misses under its belt, I think this is a risk worth taking. That’s why Games Workshop’s on my top ‘shares to buy’ list, and I’ve already added more to my portfolio.

Alternative fintech

2024 has been a good year for financial service businesses. Banking has been among the top-performing sectors, and even Alpha Group International has benefited from the momentum, with shares rising 25% since January. Yet, in recent months, the shares have taken a bit of a tumble, falling by almost 15% since August.

Stable currency exchange rates and higher interest rates have been creating a few hurdles for the fintech enterprise. Demand for currency hedging’s fallen. And lacklustre returns in the alternative investment market (private equity, private credit, venture capital, and real estate) are also dragging down growth for the company’s banking platform for alternative asset managers.

However, despite these headwinds, the group’s client list continues to grow. And with activity expected to start picking back up throughout 2025 as interest rates fall, investors may be looking at an interesting buying opportunity.

Cyclicality will always be a threat. But with the bottom of the cycle seemingly almost over, the firm may soon be returning to its historical double-digit growth. That’s why it’s one of my largest holdings.

The post Here are my favourite growth shares to buy today appeared first on The Twelfth Magpie.