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smart investor

Investing

5 Things To Know Before Investing

Investing can be a tricky and nerve-wracking experience. But it can also yield great returns and provide the savvy investor with a comfortable amount of extra money over the long-term. Before you jump into investing, there are a few things you should know so you can evaluate whether investing is right for you — and decide how to begin.

Be Aware of the Risks

Each specific investment has its own level of risk attached. Knowing the risk doesn’t just mean being aware of how much money you could make or lose in a certain period of time. It also means knowing your own financial goals, your predilection to making emotional decisions, and how much time you can devote to research and reinvesting.

Get Assistance

An investment broker buys and sells investments on your behalf, and often does other things like consulting, offering advice, and managing portfolios. Brokers take a percentage of what you make from your investments, but having a broker is important, especially if you’re new to investing. They’re professionally trained to manage money, and have access to specific information and trends that’ll help you make investment decisions. Also consider following financial experts like Gary Crittenden on Twitter to get investment advice straight to your feed. You need to hire a reputable broker to ensure that they do not do undergo churning. Churning is excessive trading of assets in order to generate higher commissions. This will mean less profits for you in the form of higher costs to pay your broker, finding an honest broker reduces the chance of this and ensures you get a worthwhile service. Having a good rapport with your broker is essential to conducting successful trades in the market, as only when you trust each other can you commit to investments that the broker has recommended without worry.

Know How Much You Can Spend

Putting down a chunk of cash to purchase assets isn’t the only money you’ll spend. Brokers, of course, charge for their services, and many investments like mutual funds come with attached fees. Don’t forget about taxes, either, because they take a bite out of what you’re expecting to make. The number you see when your broker calculates your dividends and returns is unlikely the number you’ll actually be keeping. So factor these things in when considering how much money you can afford to invest.

December 18, 2013

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

What Can Investing In Stocks Do For You?

For many people the stock market is one of those things that they have no interest in and they assume that you need money to actually make money with it. Just know that the stock market is something that anybody can use and if done right you can make a lot of money.

Let’s set one thing straight right now though, the stock market is not a get rich quick scheme. If you have a lot of money in the stock market, then you can make a lot of money fast and you can lose a lot of money fast. Now, if you only have a few hundred dollars, then you have just as good of a chance to make money but it will take you a little bit longer. This is where you want to be. If your goal is to double your money within 3 years, then that is a great goal.

So, what else can stocks do for you?

Stocks are a great way to put money away. This is similar to that of a savings account, however, you will normally get a higher return on your money and you also run the risk of losing your money. This is why some people don’t feel the stock market is right for them. Trust me, the stock market is a great place to put at least a little bit of money. I understand you don’t want to lose it, however, just think about what it will be spent on if you have it sitting in a savings account.

July 3, 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

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

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