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investing tips

Investing

Investing 101: Top 5 Investing Rules You Should Know

When it comes to investing your money for the future, many questions arise. Where do I invest my hard-earned money? How should I go about saving for my retirement or my children’s education? If you follow a few simple steps, you’ll find the answers to these questions and more. So, make goals for yourself and watch the money roll-in.

1. Make a Plan/Set Goals

Description: http://farm8.staticflickr.com/7060/6870886851_76c9703cca.jpg

Image via Flickr by 401(K) 2013

Making a plan before you start investing is a great way to pinpoint exactly what you wish to achieve. If you’re planning for your kids’ future or your own, it’s important to know where you presently stand. Make sure to calculate your debts, assets, and savings to see what you have available to invest. From the information you gather, you should give yourself a decent idea of where to invest.

July 24, 2013

Investing

A Different Kind Of Account Terminator

There exists an issue that actually adversely affects trading accounts but is hardly ever mentioned. The practice of trading is something that is quite aggressive. It pits a person against the entire world- and challenges him or her to survive.

This can be particularly difficult when a person is trying to divide time between trading and all the other things that are permanent fixations in his or her life. It is a fact that trading requires serious concentration. Sometimes, it even calls for the trader to keep thinking about potential trading issues when he or she is involved in other things or endeavors; for example when one is attending to family matters. If a trader is not careful, all the combined demands in his or her life, along with trading, will result in a sort of mental overload.

This can be very dangerous because it will directly affect how the trader views potential trading issues. This does not come immediately. In fact, there are few traders who even realize that they are overburdened with responsibilities. This is because the mind does not actively let an individual know when he or she is stressed with too much responsibility. It just starts to ‘rescue’ him or her from themselves without their permission because it senses that they will be unwilling to give it permission to slow down even if they were aware of the situation.

May 12, 2013

Investing

5 Tips For Investing Lawsuit Settlement Money

Whether you’ve sued your employer for a wrongful termination, you got injured in an auto collision that wasn’t your fault or you’ve slipped and fallen while you are out shopping, it is crucial to hold onto your settlement money for as long as you can. Your first impulse will be to spend all of it at once, but the wisest thing you can do is invest it. If you want to make the money last, possibly for a lifetime, you have to look at the funds not as a windfall, but as a nest egg that could secure your financial future.

Here are 5 tips for investing lawsuit settlement money:

Make sure that all your financial records are in tip-top shape. It is important to know how much you should invest and how much you should keep liquid for expenses, like paying off medical bills if you were injured or for bills if you were laid off. While it is smart to invest your settlement winnings, you typically don’t want to go all in, because you can end up not having enough for your immediate expenses. In this case it might be wise to consult with a financial advisor who can better estimate how much you should invest and how much you should hold on to.

May 9, 2013

Investing

Tips For Investing In Property

There are many ways you can invest your money, and each investment comes with its own set of risks and potential rewards. Stocks, for instance, can be extremely volatile. While some think that investing in property is very risky, it doesn’t have to be as long as you know what you are doing. Taking calculated risks can be very profitable. Below are some tips you can follow if you want to start investing in property.

Understand the risks involved. One thing I can’t emphasize enough is the importance of understanding what you are getting into. You will need to be aware that unexpected expenses will arise in the form of maintenance costs, repairs, and much more. So you will need to make sure you have enough money set aside to cover those expenses. You also need to be aware that you will not likely make a profit immediately. It could take a year or two before your rent monies actually amount to extra money in your bank account.

See the potential. For instance, if you are looking at property for sale in Turkey, the first thing you should do is not only focus on what is presently there – but envision the potential of what the property could be in the future. Think about what improvements you could make and make sure you are aware of your local area and local market. Is the property near water, near a good university, or near a popular tourist spot?

May 1, 2013

Investing

Four Tips For First Time Stock Investors

If you have never purchased stocks before, then you need to read this first. Yes, stocks are a great way to invest your money but they are still risky if you don’t know what you are doing. It is because of this that I recommend that you learn a little bit about stocks before you put a penny into them.

Before I get into the four tips for first time stock investors I just want to make sure that you have money in savings first. The reason I say this is because a stock investment should not be considered a savings account as they carry risk.

Don’t Buy Before Doing Research – Just like you wouldn’t buy a property without first doing your research, likewise if you don’t research a stock, then you won’t know the first thing about it. What most people don’t understand is that all stocks carry different risks and rewards and you need to know that in order to make the best decision. There are courses you can take to learn how to research companies. I highly recommend that you take a reputable course if you are planning on trading stocks for a living. If you are married, it’s a good idea to both take the course so that you will both understand the risks involved with investing.

April 29, 2013

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