Quantum Wealth Summary
- Your path to financial freedom depends on building up sources of regular and reliable passive income.
- Quality dividend companies can deliver surprising levels of passive income with ongoing investment.
- We provide a portfolio example, reporting dividend levels and investing through the 2020 pandemic until March 2023.
- Sustainable dividends are key, so we also report on a large business currently projected to yield 7.2%, alongside its growth prospects.
A friend reminded me the other night just how bizarre the world has become.
He’d returned from a month’s holiday across France and Spain. He drove. He took the train. One reason for this is that France has banned short-haul domestic flights.
Yes, if there is a rail link of 2.5 hours between cities, you cannot fly. Not by budget airline. And probably not by private jet either.
Will it simply direct the carbon back onto roads as more people drive? What about resilience? If trains stop due to strikes or line failures, there are now less transport choices. This could become critical when, for example, lawmakers are called urgently to Paris to solve a crisis.
Is this a new level of virtual signalling?
It is part of France’s new climate laws. Anything that emits carbon is targeted.
Meanwhile, China permitted two new coal power plants a week last year.
Rather than focusing on the main polluters and logical mitigation, many nations are now reduced to an indiscriminate war on carbon.
If you were determined to reduce an excess of carbon in your world, you’d reconsider every item bought that was produced with coal power. That’s the biggest potential contributor to global warming.
But these days, too many politicians lack logic and experience at any sort of coalface.
Back here in New Zealand, our road network suffers underinvestment and decay.
The road out of my suburb is often a long tandem car park, while the cycle lanes remain empty. Who can bicycle when they need to arrive at meetings without soaking underarms? When they need to deliver children to school and activities?
Perhaps, as France wants to cancel aeroplanes, our leaders want to cancel cars.
But the freedom of the road is one last bastion where people will rise up and vote economically-destructive fools out.
The car is not going anywhere. (On both counts, at the moment). So automakers are fighting back with future-proof technologies.
These days are strange and complex.
The world is not what it was.
What can you do to prepare for a better financial future?
Simon is the Chief Executive Officer and Publisher at Wealth Morning. He has been investing in the markets since he was 17. He recently spent a couple of years working in the hedge-fund industry in Europe. Before this, he owned an award-winning professional-services business and online-learning company in Auckland for 20 years. He has completed the Certificate in Discretionary Investment Management from the Personal Finance Society (UK), has written a bestselling book, and manages global share portfolios.