So, how does it work? And what’s the smartest way to get there?

From £60k to £1m

At the stock market’s long-run average annual return of 8%, a £60,000 SIPP left untouched would compound into approximately £1,058,689.41 in around 36 years.

That’s a long time. But for younger investors, it means millionaire status just as they start reaching retirement age, all without adding a single extra penny.

Of course, most investors won’t stop contributing. And every additional payment made along the way shortens that timeline further. The real point is that time and compounding are doing the heavy lifting.

However, for those willing to pick quality individual stocks directly rather than simply track the market, this timeline to becoming a millionaire can be significantly accelerated.

Boosting investment returns

Few companies in the FTSE 100 better embody the kind of long-term compounding quality that can dramatically shorten the wealth-building journey than Halma (LSE:HLMA).

We know this because the specialist technology group has already proven itself to be a millionaire maker, averaging a total annualised return of 19.1% over the last 20 years – enough to transform a £60,000 initial investment into a whopping £2,655,166!

The company operates across three high-growth sectors: Safety, Environmental & Analysis, and Medical through a network of subsidiaries. Rather than running its divisions centrally, it operates a decentralised model, acquiring niche market leaders in essential industries and giving their management teams the autonomy to grow.

The results have been extraordinary. Halma has delivered 22 consecutive years of record adjusted profit – a feat that almost no other FTSE 100 company has matched. And with more tailwinds (like ageing populations, infrastructure safety, and environmental regulation) on the horizon, many institutional analysts continue to be optimistic for what the future might hold, even at today’s premium valuation.

So, what could go wrong?

Where is the risk?

Halma’s decentralised acquisition strategy is its greatest strength. But it’s also a double-edged sword. If leadership begins to lose discipline in its dealmaking, overpaying for acquisitions or buying businesses outside its circle of competence, the compounding engine could stall.

There’s also meaningful currency exposure to consider. With operations spread across North America, Europe, and Asia, a sustained strengthening of sterling could weigh on reported earnings even when the underlying businesses are performing well.

For long-term SIPP investors, however, these risks feel manageable given Halma’s exceptional track record and the quality of its management team.

The bottom line

A £60,000 SIPP has genuine millionaire potential. And for patient investors prepared to back quality compounders for the long run, I think that journey could arrive far sooner than the index fund alone would deliver.

Halma could be among these winning businesses. But as already highlighted, there are risks that must be considered carefully. Nevertheless, its long track record has certainly caught my interest. And I think it’s a business worth investigating further.

The post Here’s how to target retiring as a millionaire on a £60k SIPP appeared first on The Twelfth Magpie.

But how big does a SIPP need to be to enjoy a decent retirement?

According to the Pensions and Lifetime Savings Association, those seeking a moderate lifestyle need £31,700 a year, or roughly £2,641 per month.

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.

Running the numbers

Under the 4% withdrawal rule, generating £31,700 annually in retirement requires a pot worth £792,500.

That might sound enormous. But for a 40-year-old contributing just £500 a month to a SIPP, it’s far more achievable than what most might think.

After 20% tax relief, that £500 becomes £625 of investable capital. And when drip-feeding this money, the stock market’s long-term average return of 8% per year, a portfolio would reach the target threshold within roughly 28 years.

But we’re ignoring one crucial factor here. Inflation. £31,700 might be enough for today, but 28 years from now, pensioners will likely need considerably more. And this is where stock picking offers a solution.

The power of compounding

Rather than investing in an index fund, investors can opt to buy shares in individual companies directly. And with some smart stock picks, the results can be truly game-changing.

Perhaps a perfect example of this over the last 20 years is Halma (LSE:HLMA). This is a FTSE 100 safety, health, and environmental technology group. And it’s also one of the most consistent compounders in the history of the London Stock Exchange.

To demonstrate, since April 2006, Halma shares have delivered a staggering 3,465% total return.

That’s the equivalent of earning 19.6% per year. And anyone who’s been investing the same £625 each month at this rate now has a SIPP worth £1,830,203.74, well over double the £792,500 target a full eight years ahead of schedule.

Still worth considering?

Even with immense growth under its belt, Halma’s outlook is still remarkably strong, in my opinion.

Its most recent half-year results were record-breaking. Revenue jumped 14.3% and adjusted profit before tax surged 29.3% to £270.5m. And if that wasn’t enough, management subsequently upgraded its full-year guidance comfortably ahead of analyst expectations.

What’s more, the business itself focuses on defensive and large recession-resistant niches like safety systems, water quality monitoring, and medical devices – something that could fit in nicely with a retirement-focused portfolio.

However, that doesn’t mean Halma is guaranteed to continue outperforming. A big part of the group’s growth strategy centres on executing bolt-on acquisitions, which come with significant execution and integration risks, especially if the company falls into the trap of overpaying.

The impact of a botched takeover could be even more profound given the stock’s premium valuation. Halma’s track record of excellence hasn’t gone unnoticed. And if growth disappoints, its share price could be vulnerable to a tumble.

Having said that, Halma has earned its hefty price tag through decades of consistent execution. That’s why, for investors looking to make the most of their SIPP, it remains one of the most compelling long-term compounders worth considering to my mind.

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Take these three shares: Sage Group (LSE:SGE), BAE Systems (LSE:BA.) and Halma (LSE:HLMA). Between them, they’ve an aggregated almost 90 years of consistent dividend growth.

Want to know what still makes them five-star dividend shares to consider?

Sage — 35 years of growth

Dividends are never guaranteed for any stock. With Sage, its long history of payout growth could falter if the global economy implodes, taking corporate tech spending with it.

But what’s made it resilient to such shocks in the past? Its accounting, human resources and payroll software is essential for any business. This provides high-quality recurring revenues and cash flow, and makes it more resilient than most other tech shares. What’s more, its software isn’t especially expensive, which helps support a ‘sticky’ customer base even in tough times.

I’m optimistic Sage can keep delivering healthy dividend growth, as businesses increasingly digitalise their operations. I’m also encouraged by the FTSE company’s steps to embrace artificial intelligence (AI). The forward dividend yield here is 2.5%.

BAE Systems — 22 years of growth

Defence stocks are among the most reliable dividend payers out there. Their earnings are practically immune to broader economic conditions, given the importance of national security spending.

BAE Systems isn’t totally without risk though. With sovereign debt levels in the West rising, could governments have to cool spending on weapons? It’s possible, but it’s unlikely, in my opinion, as geopolitical instability grows. In fact, global defence spending rose at its fastest pace since the Cold War in 2025.

With strong government relationships, a diverse client base and market-leading technologies, BAE Systems looks in great shape to keep growing shareholder payouts. One final thing, its customer contracts tend to last for years, giving it excellent cash flow visibility for dividends. For this year, the forward yield is 1.8%.

Halma — 46 years of growth

Of this selection of FTSE 100 shares, Halma has the longest unbroken record of yearly dividend growth. Spirax is the only UK blue-chip stock with a better record (41 years of growth).

This is down to decades of consistent earnings progress, provided by a mix of healthy organic growth and contributions from bolt-on acquisitions. This has underpinned 22 straight years of record profit growth. That’s not all — with ultra high margins, Halma turns a huge share of these profits into cash it can then distribute to investors.

It’s also important to consider how Halma’s end markets have contributed to its resilience. The business sells safety, environmental and healthcare equipment which are often mission critical. The demand outlook for these technologies is strong, as safety and environmental regulations tighten across the globe, which bodes well for future dividends.

But remember that regulations could change later down the line, hurting sales. Halma’s forward dividend yield is 0.7%.

The post 93 years of dividend growth! 3 FTSE 100 shares to target income appeared first on The Twelfth Magpie.

I think the best way to go is to break the project down into three stages. And the first is figuring out the numbers.

Step 1: work out the numbers

Targeting a second income involves building wealth and then turning that into income. But before that, the first step is to work out what the numbers look like.

In the first phase, a 9% return is enough to turn £10,000 into £132,676 after 30 years. Is that realistic?

I think it might be. Over the last five years, the FTSE 100 has returned an average of 11.99% a year.

In the second phase, the FTSE 100 currently has an average dividend yield of 3.3%. But in this case, I think you can realistically aim higher.

In my view, a 7% yield might be sensible. And that’s enough to earn £9,287 a year in dividend income from a £132,676 portfolio.

With an idea of what you’re aiming for in hand, it’s time to start thinking about how to get there. Specifically, what shares to consider buying.

Step 2: grow the initial capital

The first phase involves turning that £10,000 into as much as possible. And that means looking for companies that can grow.

I think Halma (LSE:HLMA) is one of the FTSE 100’s finest in this regard. The firm retains the vast majority of its cash and reinvests it for growth. 

Acquisitions are a big part of the company’s growth strategy. And this inevitably brings a risk of paying too much in a deal.

Halma’s returns on equity are above 15%, which is strong. Most importantly, though, they’ve consistently been above this level.

Source: Fiscal.ai

That shows the company isn’t just growing revenues at any cost. It’s doing so with smart investments that generate good returns.

It doesn’t jump out as a cheap stock. But it’s certainly the kind of firm investors trying to build wealth should be looking at.

Step 3: income investing

The second phase involves converting the accumulated capital into passive income. And there are a few ways of doing this. 

High yields can be risky. But I think there are stocks with dividend yields above 7% that are likely to be worth considering 30 years from now. 

In general, the real estate investment trust (REIT) sector is one that I think is interesting. Especially from a passive income perspective. These are companies that own and lease various different properties. And they distribute 90% of their rental income as dividends to shareholders.

In other words, they’re the opposite of companies like Halma. They don’t retain their cash and this limits growth opportunities. 

As a result, however, they often have much higher dividend yields. And this is where I think investors targeting a 7% yield should look.

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.

Three steps

Turning excess cash into a second income involves two phases. The first is trying to grow the initial capital as much as possible. 

The second involves looking for dividend opportunities. But before either of these, the first step is to figure out what might be achievable.

This will vary as different investors have different timeframes. But with 30 years, I think turning £10,000 into a £9,287 second income is a realistic possibility.

The post £10,000 in savings? Here’s a 3-step plan to target a £9,287 second income appeared first on The Twelfth Magpie.

After the initial Iran war correction, which saw the FTSE 100 fall around 10%, investors have held firm. It was the same story after the early Covid, Ukraine and US tariff shocks. Investors who panicked and sold quickly regretted it. This triggered a new narrative. That global markets are so strong, they can shrug off geopolitical shocks.

Investor confidence was rattled last week, with the FTSE 100 falling 2.71% in the five trading days to Friday (24 April).Yet the S&P 500 held firm, amid a strong earnings season. But I’m worried.

Is the FTSE 100 starting to crack?

Before the war, 20m barrels of oil and petroleum products passed through Hormuz every single day. Not now. Up to a billion barrels are in limbo. Even if the war ended tomorrow, it would take months to restore lost supply. Possibly longer.

We haven’t seen fuel shortages in the West. But the Philippines, Vietnam and South Korea are all implementing emergency measures, including rationing. It could be our turn soon enough. Mentally, I don’t think we’re prepared. The war also threatens global supplies of aluminium, plastics, rubber, feedstock, fertiliser and microchips.

I think there’s a serious danger that markets may turn nasty in the days ahead. So far, that’s been a losing bet. But I won’t be selling any of my shares. Instead, I’m building up my cash and lining up my targets, just in case.

I’d love to buy Halma at a discount

I’ve been itching to buy FTSE 100-listed global health and safety technology specialist Halma (LSE: HLMA) for yonks. It has a brilliant track record of increasing dividends for 45 years in a row. That suggests a well-run company that’s on top of its game. The Halma share price has done well too, up 60% in the last year.

The trailing yield is a modest 0.52%, but that’s down to its high-flying share price. Over the last 15 years, the board has increased shareholder payouts at an average rate almost 7% a year. The total return on this stock, with dividends reinvested, has averaged 17.8% annually for the last decade. That would have turned a £10,000 lump sum into £51,458.

Halma isn’t cheap. Today, it has a trailing price-to-earnings ratio of 42.5. That compares to just over 16 across the FTSE 100. Over the last five years, its P/E has averaged 39.4. No stock is without risk. One bad acquisition could undermine the company. Profits could get knocked by currency fluctuations and tariffs. But if we get a broader stock market crash, and Halma is swept up in it, I’ll swoop to bag it at a discounted price. Even if markets don’t crash, I can see plenty of FTSE 100 bargains I’d love to buy today. Let’s see what next week brings.

The post Will the stock market finally crash next week? appeared first on The Twelfth Magpie.

So for investors starting from scratch today, how much money could they make over the next few years following in Buffett’s footsteps? And what exactly are his golden rules?

What’s the secret sauce?

Over the years, Buffett’s shared quite a few important nuggets of investing wisdom. But perhaps the five most important rules are:

1. Only invest in businesses you understand.
2. Invest in quality businesses at fair prices.
3. Be greedy when others are fearful.
4. Reinvest any dividends earned.
5. Stay invested through volatility.

Looking at Buffett’s own investing track record, it’s clear he’s been rigorously sticking to this framework.

His early investing style may have focused on dirt cheap ‘cigar butt’ value stocks. But that strategy evolved to instead find and invest in businesses with durable competitive advantages, even if they’re not trading in deep-value territory.

He notoriously avoided the technology sector until more recently due to fear of not fully understanding the industry, and has continuously invested heavily during stock market crashes and corrections. All the while reinvesting dividends received, and staying invested during times of crisis instead of panic selling like everyone else.

There’s no denying this style of investing requires immense discipline and patience. But as one of the world’s richest people, it’s a strategy that holds a lot of weight.

Which UK stocks follow Buffett’s principles?

The Oracle of Omaha’s style means he often invests in slow-and-steady compounders that rarely make it into the headlines. And here in the UK, we have a long list of such businesses, including Halma (LSE:HLMA).

The safety, environmental analysis, and healthcare instrument enterprise operates with a radically decentralised business model.

With 50 independent subsidiaries, each with its own niche monopoly of supplying mission-critical components and services, Halma’s dug out a vast and diversified moat. And while growth often isn’t explosive, it’s been remarkably consistent, leading to 22 years of uninterrupted record-breaking profits.

Even in just the last 10 years, shareholders have earned a chunky 17.8% average annualised return. That means a 50-year-old drip feeding £500 a month since April 2016 is now sitting on £163,579 at age 60.

So is Halma still a top stock?

What’s the verdict?

Even in 2026, Halma remains a top-notch business. Demand for its products is strongly tied to structural megatrends, not cyclical ones. And even though expansion through acquisition can be a risky growth strategy, management’s proven its ability to identify, execute, and integrate bolt-on businesses.

Of course,  that doesn’t guarantee future buyouts will prove as successful. And if the firm makes a series of bad investments, it could damage the balance sheet and harm shareholder returns. There’s also a valid anti-Buffett-like argument to be made about its valuation.

At a forward price-to-earnings ratio of 35, Halma shares are far from cheap. And that does open the door to volatility if the firm makes even a small misstep. Nevertheless, it’s a premium that’s well earned, in my opinion, making it potentially fall within Buffett’s ‘fair price’ category. That’s why I think Halma shares indeed deserve a closer look.

The post How you can use Warren Buffett’s golden rules to start building wealth at 50 appeared first on The Twelfth Magpie.

This gives both sides time to negotiate over US sanctions and Iranian nuclear capacity. But what happens after this?

Negotiating window

The pause in hostilities is a temporary negotiating window. And potential outcomes fall into three main categories.

The most optimistic is a nuclear deal. This involves limits on Iran’s uranium enrichment and the lifting of US oil and banking sanctions.

The worst-case scenario is a return to open conflict. It’s not at all clear that this benefits either side, but it’s impossible to rule out.

Somewhere in the middle  is an extension to the negotiating window. That might be the easiest politically (and therefore most likely) result.

The range of outcomes makes forecasting the stock market’s next move tricky. But the good news for investors is they don’t have to.

Investing endgame

Investors need to think about two things. One is where share prices are now and the other is where they’re likely to be when they want to sell.

What the path between those two points looks like doesn’t really matter. The FTSE 100 is up 71% (plus dividends) over the last 10 years. In that time, there have been some incredibly uncertain periods. The most obvious has been the Covid-19 pandemic. 

Things moved quickly during that time. But investors didn’t need to be able to forecast what was going to happen in the next couple of weeks.

What they needed to know was that high-quality companies would do well over time. And that’s still the thing that matters most right now.

Quality first

One example from the FTSE 100 is Halma (LSE:HLMA). The firm is a group of businesses that make industrial safety products. 

These operate in specialist niches, which limits competition. And their products are often required to meet increasingly strict regulatory standards.

This makes the firm extremely hard to disrupt, but it can also limit growth prospects. Halma, though, looks to address this through acquisitions.

Buying other businesses can be risky. And the company has started to pay higher prices for deals in recent years, which I’m a bit wary of.

That’s something to keep an eye on. But in terms of a combination of resilience and strong growth prospects, I think Halma is hard to beat. 

Focus on what matters

At times like this, it’s easy to get caught up in short-term thinking. There’s a lot going on and it’s having a big effect on the stock market. 

Ultimately, though, the next 10 days probably matter less than investors think. The more important thing is finding the right companies to invest in.

At a price-to-earnings (P/E) ratio above 40, Halma shares aren’t cheap. But investors need to note something important about this. 

The firm’s free cash flow consistently exceeds its net income. And that means the P/E ratio isn’t the best metric to pay attention to.

On a free cash flow basis, the stock is more attractive. It’s still expensive, but I think it’s worth considering for long-term investors.

The post 10 days to the next stock market crash? appeared first on The Twelfth Magpie.

Quality shares often trade at high multiples, which makes them risky. A stock market crash, though, could change all of that.

Getting what you pay for

A lot of the time in life, you get what you pay for. But that’s because a lot of what you buy isn’t through the stock market. 

Share prices move around more often and more dramatically than the price of cars, clothes, or coffees. And that means a couple of things.

When prices get too high, investors can find themselves buying stocks for more than they’re worth. That’s a good situation for sellers.

Equally, stock prices can fall below the intrinsic value of a company’s shares. In that case, buyers can get outstanding value.

As an example, shares in BP are up 35% so far this year. Yet I doubt that the business is 13% better now than it was at the start of January.

Higher oil prices definitely help. But my strong suspicion is that the stock was either cheap in January, expensive now, or both.

Quality shares

Most of the time, the stock market is pretty good at recognising quality companies. And this is usually reflected in higher valuations.

That makes buying risky. High multiples mean returns depend on future growth and there’s always a chance this doesn’t materialise.

A good example is Halma (LSE:HLMA). It’s a high-quality business, but it’s generally come with a matching price tag in recent years.

The shares have largely traded at a free cash flow multiple above 30, implying a starting return below 3%. So returns have depended on growth.

Halma hasn’t had much problem with this – it’s been an excellent acquirer of industrial safety businesses. But there’s always a risk with this strategy.

Valuations

The danger is the chance of overpaying. And Halma has shown a willingness to pay higher multiples for what it sees as better businesses. 

That’s worked well so far and this isn’t just an accident. The firm has experience identifying, buying, and integrating acquisition targets.

I think there’s a good chance it can continue. But the current valuation means the odds aren’t as far in my favour as I’d like right now. 

A free cash flow multiple of 33 implies a 3.3% starting return. That’s well below the 4.7% yield on offer from 10-year government bonds.

A stock market crash could change that, however. In fact, if the bond prices rise while stocks fall, the equation might even reverse.

Being prepared

Falling share prices are bad news for anyone looking to sell. But for long-term investors they can be an absolute gift. 

Investors rarely get a chance to buy stocks like Halma at attractive multiples. But this is what a stock market crash can provide.

Nobody knows which way share prices are going in the next week or month. Despite this, I’m keeping a close eye on Halma right now.

I’m not deliberately waiting for a crash. But I’m making sure I know what I want to buy when one comes, rather than waiting until it does to figure it out.

The post A stock market crash could be a gift for long-term investors appeared first on The Twelfth Magpie.

Yet over the long term, sourcing a second income from shares has proved a winning strategy for millions of investors. Two dividend stocks I think are worth serious attention today are Primary Health Properties (LSE:PHP) and Halma (LSE:HLMA).

While not immune to shocks themselves, I expect them to deliver a reliable passive income decades from now. Want to know why?

7.2% dividend yield

Primary Health Properties has grown annual dividends every year since the mid-1990s. It’s benefitted from rising healthcare demand as the UK and Ireland’s populations have rapidly aged.

Is this trend likely to end any time soon? Not at all. In fact, the number of elderly people is tipped to rocket — by 2047, the number of people aged 85+ will almost double from the 1.7m recorded 25 years earlier, official forecasters reckon.

That’s not all that could benefit Primary Health Properties. The approach to healthcare is changing, and medical facilities like GP surgeries and local clinics are becoming more critical to reduce hospital wait times, prevent illness earlier, and provide care closer to home.

Most important for policymakers, hospital care is far more expensive that community-based care. As the country’s ageing population puts greater stress on the public finances, the importance of providing cost-effective healthcare is only going to grow in importance.

This all makes Primary Health a top real estate investment trust (REIT) to consider. But bear in mind that while it should continue paying large and growing dividends, its share price could fall if interest rates rise, putting asset values under pressure.

The company’s forward dividend yield is currently a chunky 7.2%.

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.

46 years of growth

Halma doesn’t have the showstopping dividend yields of that REIT. For the current financial year (to March 2026), its yield is 0.8%.

But don’t rule the FTSE 100 company out yet, as it has one of the greatest dividend growth stories on London’s stock market. Annual dividends have risen by 5% or more for a stunning 46 years on the trot.

For just over two decades, Halma’s delivered record profits over consecutive years. This reflects the increasing importance of its products as safety and environmental regulations become stricter. The business designs an array of technologies including fire detectors, electrical testing equipment and water quality gauges.

Halma hasn’t sat back and simply ridden this opportunity, though. An ambitious, acquisition-based growth strategy’s helped it to deliver record earnings year after year. And the business has a strong balance sheet and healthy deal pipeline to keep the deals coming.

Acquisitions provide opportunity but they also create danger. Any bolt-on purchases Halma makes that, for instance, delivers underwhelming revenues can erode shareholder value. But the FTSE firm has a good record on this front, and I think it’s a great stock to consider for long-term passive income.

The post Looking for decades of passive income? Consider these 2 top dividend stocks appeared first on The Twelfth Magpie.

Yet the mistake most novice investors often make is to then immediately start second-guessing their decision and hitting the Sell button.

There seems to be a lot of that happening right now, with the FTSE 100 swinging back and forth as the market processes the ongoing geopolitical uncertainty. So for an investor seeking to deploy £1,000 into UK shares today, what’s the best strategy to think about using?

Don’t fall into the loss-aversion trap

While it can be quite unpleasant to watch, just because a British stock’s taken a large hit doesn’t make it an automatic sell. In the short term, the stock market can be pretty unpredictable, with prices driven almost entirely by emotion rather than pragmatism.

However, it’s important to recognise what short-term volatility actually is – an opportunity.

When emotions are making all the decisions, the market can offer up some pretty exceptional bargains. Having said that, not all sold-off stocks are bargains. In some cases, some caution is warranted. But how does an investor determine whether or not a drop in a share price is a buying opportunity or a trap?

The answer lies within the underlying business. If a company’s encountered short-term challenges, but its long-term potential remains intact, then buying some shares could prove to be a lucrative move in the long run. However, if a more permanent problem emerges, then selling might indeed be the right course of action.

Either way, investors need to dig in and uncover what’s driving the share price down before thinking of putting any money to work.

Where to invest £1,000 in 2026?

The best stocks to buy in 2026 are different for every investor. After all, everyone has different objectives and risk tolerances. But for those nervous about a wider market drawdown, honing in on defensive UK shares could be the right move today.

That seems to be the advice coming from Goldman Sachs’ team of analysts which has flagged Halma (LSE:HLMA) as a top contender.

The business is a serial acquirer of smaller niche enterprises spanning the safety, environmental, and healthcare sectors.

Across its network of subsidiaries, it manufactures crucial things like fire detection systems, water sensors, and medical diagnostic equipment. But most importantly, demand for almost all of its products doesn’t change even during economic downturns.

This continuous influx of orders is how management’s been able to continuously grow dividends each year for almost 50 years in a row. And with long-term demand supported by continuous regulation, Halma looks nicely positioned to continue steadily compounding.

Of course, acquisition-based growth strategies can be tricky to pull off. Even with a bolt-on approach, acquiring businesses that fail to live up to performance expectations can destroy shareholder value rather than create it – a risk that investors will need to consider carefully.

Nevertheless, with such a phenomenal track record, Halma definitely stands out among other UK shares. And it’s why I think a closer look is definitely a good idea.

The post How and where to think about investing £1,000 in UK shares right now appeared first on The Twelfth Magpie.