Why I’d pick the BP and HSBC share prices to beat my State Pension. The full State Pension currently stands at £164.35 per week. If you’re a single person with no dependents and you own your home with no mortgage, you can probably keep body and soul together reasonably well on that — but there won’t be much left for luxuries. And if you still have mortgage or rental outgoings, you could struggle. I say fortunate, because when I started work at a UK engineering company in the 80s I had no idea of long-term financial management, but what was then a final-salary scheme has provided a decent sum after I went for the provider’s offer to buy me out. My Fool colleague Harvey Jones has suggested that the BP and Shell share price slump might be the buying opportunity of the year, and I agree with him 100%.
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Jan 18, 2019