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The Ins & Outs Of Property Investment

 

If you have any money invested in property, or you are planning to, then it really pays to know as much as you can. The more you understand about the entire process, the more likely it is that you will get more out of it. Yet, it can often be difficult figuring out all the gritty details, not to mention the fact that this is the kind of thing which changes with time. In this article, we are going to attempt to make the whole process as easy as possible. If you are in need of some information, then you should be able to find the basics here. This should hopefully help you to make better decisions surrounding your investments in the future, and hopefully get more out of them. Let’s take a look at some of the ins and outs of property investment.

The Importance Of Timing

One of the essential elements when it comes to investing in anything at all is the timing of that investment. This relates both to the timing of the sale and the purchase. Obviously, your main goal in investment is to make as much money as possible from it. This is why you need to pay attention to the markets as closely as you can. It is only by paying attention to the markets that you can properly determine what the best time to buy and sell is. And finding the best time to buy and sell is the best way of ensuring that you get the most that you can from your investment. With that in mind, it is a good idea to begin paying close attention to the relevant markets as soon as possible. The longer you watch them for, the more likely it is that you will be able to get as much as possible out of them.

Choosing The Location

You have no doubt heard of the old saying in real estate – location, location, location. This is meant to illustrate just how important it is that you find the right location for your properties. There are many reasons why choosing a location is centrally important to your investments. One of the main reasons is that the location happens to have a profound impact on the actual value and quality of the investments. This is because many people want to be as central as possible, or to be in certain areas. Of course, you should also think about your proximity to the property you are investing in. You don’t want to be too far away, as you might need to carry out work on the building at any point. However, that doesn’t mean that you have to stick to the strictly local area. You can really invest in property anywhere, and one of the main things to always bear in mind is cost – so if going elsewhere is likely to be better financially, then that might be the best option.

Work On Current Investments First

It is often tempting to go out and get hold of new properties as quickly as you can. However, the truth is that this is unlikely to be the best way to go about doing it. It is often much more effective to work on any current investments you might have first of all. Get those investments to a point where you are making as much from them as possible, and then you can start to look at bringing in other investments as well. This is for a number of reasons, but mostly it is just a matter of financial stability and safety. As long as you have one solid investment, it doesn’t matter quite as much if your subsequent ones don’t work out quite as well. You will always have you initial ones to fall back on. Of course, there are many ways of ensuring that you are making the most of your current properties. One of the most effective is to renovate it, even if it is just one room. You could renovate the main bedroom, for example, or the bathroom. These two renovations in particular are likely to make a considerable difference to the value of the house. Once you have made your current properties as valuable as possible, you can start to shop around for new investments.

Reduce Tax

We all know how important it is to pay tax, and nobody here is suggesting that you shouldn’t do it, but there are ways of ensuring that you don’t have to pay as much. Paying less tax, it goes without saying, means that you are widening your profit margins – and that is really what you are going for. As long as what you are doing is legal, there is no reason not to do whatever you need to to pay less tax. One particularly powerful and popular method is to use a 1031 exchange properties service. Using this service, you can exchange your property for a similar one with higher value, and save on the tax in the process. This can be an extremely lucrative way of making more money out of your property investments.

Decrease Vacancy

Of course, it goes without saying that you probably want to keep a tenant in your property in order to help with the mortgage payments and so on. Buy-to-let is extremely popular, and it is easy to see why. Essentially, you let the tenant pay the mortgage off in the form of rent – and then earn anything above the mortgage cost for yourself. However, there are always going to be costs associated with this process, and it makes sense to want to keep those down as low as possible. To do that, it might be a good idea to decrease vacancy by having one long-term tenant rather than a succession of short-term tenants. That way, you will have to pay much less on administration costs and the like. This is worth bearing in mind if you are considering buy-to-let.

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Stocks and Shares: Crucial Advice for the Novice Trader

Trading stocks and investing can be difficult to get into. There are plenty of guides and tips online, and you could attend classes to study for it, but they can never prepare you for the real-world situations that occur on a daily basis for traders around the globe. To get you started, here are some tips that are proven to help improve your success and turn your curiosity into a job you can do from home.

Don’t Trade With Money You Can’t Afford

It sounds like a gambling tip, but it applies to trading as well. Never trade with money that you can’t afford, and never take big risks that you can’t afford to take. Always set aside money that you’ll keep for your retirement or another goal, and use a smaller amount of money to deal with trades and investments.

You should never make huge gambles when trading. Always focus on small trades and always pull out when a situation looks dire. A successful trader gains income not by making huge investments with a lot of pay, but by knowing when to pull out of a losing battle. Always set an amount of money for the day and never go beyond it. You need to be disciplined and you need to work up the ladder slowly, never take great strides and don’t treat it like gambling.

Quality vs Quantity

Make sure to concentrate on a few stocks at a time. You don’t need to own hundreds of cheap stocks that you can’t keep track of. Instead, you should focus on safe investments that have a high chance of giving a good return. Never bite off more than you can chew, and always stay on top of your investments.

Once you’re comfortable with trading and you can keep tabs on multiple stocks, you can start to take on bigger investments and start to reel in more profits on a daily basis.

Be Patient

Income from trading has to be accumulated over a long period of time. You can’t expect to start trading and make huge profits like you do in gambling. Focus on small and profitable trades, and make sure they are safe low-risk trades. If you want to invest in a risky trade, then don’t pour all of your money into it and treat it like an all-in bet.

Experience is also a major factor when it comes to trading. You shouldn’t hate yourself for failing to a make profit after the first week or if you invested into a trade you thought was safe but ended up going bad. Learn from your experiences, and stay motivated. There are many websites where you can look at other people’s experiences, such as The Fortunate Investor. You can learn from professionals that have made trading their main source of income, and the insight they offer is invaluable to your success.

Relax and Take Care of Yourself

Trading can be stressful just like any other job. In fact, when it’s your personal money on the line, it can be even more demanding than your regular day job. Make sure to stay healthy, exercise regularly, eat proper meals, and always prioritise your health over the job. Your money can come and go, but your health will always stick with you.

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Taking Stock In Your Company: The Rules For Business Trading

If you are interested in being a successful trader in business, there are a set of rules that it is recommended to stick to. I could give a lot of general advice in this article about “cutting your losses”, or “work the market”, but it is not conducive advice to give general platitudes. So, what I aim to do is to give you some ground rules to follow. If you are a new business, startup or SME then this information would benefit you greatly.

To be successful in trading, following set rules that have helped with a diverse amount of trading account sizes. Each rule alone is important. But when they combine the effects are much stronger. Trading with these rules can greatly increase the odds of succeeding in the markets.

Use A Trading Plan

To the uninitiated, a trading plan is a written set of rules that details  a trader’s entry, exit and money management criteria. Using a trading plan allows traders to do this well.

A way to test if a trading plan has legs, is to apply what is called backtesting. This is applying trading ideas to historical data. Doing this allows traders to determine if a trading plan is viable, and also shows the expectancy of the logic of the plan. Once a plan has been developed and backtesting shows good results, the plan can then be used in real trading. The best approach is to stick to the plan. Taking trades outside of the trading plan is considered poor trading, even if it is a successful trade. This destroys any expectancy the plan may have had.

Learn All You Can From The Markets

Traders need to remain focused on learning more and more each day. A lot of trading concepts require prior knowledge. So, it is important to remember that understanding the markets is an ongoing, lifelong process. If you are new to the markets, start with the basics. Use a site like Invested Reviews to give you a basic understanding before you progress. Or start with small fry, like penny stocks. Trading with smaller amounts can give you that confidence to build up experience and knowledge.

Know When To Stop Trading

Like when you are at the roulette table on winning streak, you need to know at what point you are going to walk away from the table. An ineffective trading plan can be the cause of this, and the other cause can be the trader themselves.

The trading plan may not be up to muster because of a change in markets, volatility in a trading instrument or simply the fact that the plan is not good enough.

If the trader is being ineffective, this could be due to external factors, for example, stress. A trader needs to be functioning at a high level to be able to cope with these external issues. A solution may be something as simple as taking a break and coming back to the table with a fresh perspective.

Using these basics, you can start to trade with confidence.

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Stop Living Hand To Mouth Once And For All

Living hand to mouth is something many of us do, yet none of us really like to admit it. Living hand to mouth is using your money as it comes in. You always seem to be waiting for that next pay day. You might even regularly find yourself in your overdraft or in debt because of it. Although earning more money can be beneficial, it isn’t always necessary. Here’s some advice that could help you to stop living hand to mouth once and for all:

Understand Your Income And Outgoings

The first step to stop living hand to mouth is to truly understand your incomings and outgoings. If you only pay attention to your income, then it’s no wonder you don’t have any money leftover at the end of the week/month. If you have more going out than you have coming in, you need to do something. Find ways to cut back and economise. Some people have gone as far as downsizing their cars, or even their home. This might sound extreme to you, but just because you could just about afford something doesn’t mean you should.

Act Like You Earn Less Than You Do

A good rule to stop living hand to mouth is to act like you earn less than you do. You don’t necessarily need to scrimp, save and watch every penny, but there are a few simple changes you could make to help you have more money left over. For instance, buying lunch every day can cost a lot of money, so why not buy the supplies to make your own for the week? Treating yourself to a coffee every day or even a couple of times a week all adds up too. If you were to buy 3 starbucks coffees a week, that would come to $6 or more. Over the course of a month, that’s around $24. Over time, this can really add up! Start acting like you earn less than you do when you go out to eat, catch up with friends, or go shopping. Take advantage of deals and don’t buy something if you don’t need it.

Create A Spreadsheet Or Use An App

To help you keep track of your incoming and spending, make a spreadsheet or use an app. There are so many apps out there that can do all of the work for you, and some of them will connect to your bank accounts so you can see what’s going on in real time. By using a spreadsheet, you can really personalize it to you. It’s a very organized way of keeping track of what’s going on, and the more you see yourself save, the more you’ll want to carry on!

Pay Off Your Debts As Fast As You Can

If you’re in debt, as many people who are living hand to mouth are, aim to pay them off as fast as you can. You should do this before you start saving. Having money saved is a must, but doing this before you’ve paid off your debts doesn’t make sense. Your debts will accumulate lots of interest, which means you’re actually losing money while you’re trying to save money. It’s worth knowing payday loan regulations so you know what you’re letting yourself in for. Some people find it useful to pay off their largest debts first so they aren’t accumulating as much interest, but others find it useful to pay off the smaller debts so that they ‘snowball’ and give them more momentum. It’s up to you which way you do it, as long as you get them paid off as soon as you can.

Save Left Over Money

When you’ve paid off your debts and you’re taking the tips in this guide, you should have some left over money each week/month. Don’t spend this money when you don’t need to. Put it in a savings account, so that you begin building wealth. Having a cash cushion behind you will help you to feel more at peace and give you a sense of security. Bear in mind that if you’re putting your money in an account that doesn’t accumulate interest, you’re not really saving. You should put your money in an account that offers interest, so you’re accumulating even more wealth.

These tips should help you to get your finances back on track, and stop living hand to mouth. Living hand to mouth can feel unstable and not very pleasant, so the sooner you stop, the better. It might take time to accumulate wealth and pay off debts, but you can do it with this advice and good focus!

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How Successful People Make the Most of Their Limited Funds

There’s a common misconception that only people with the most money can make successes of themselves. That really isn’t the case, and many businesses started out with nothing in the early days! The brains behind these operations have used smart techniques to make the most of their money along the way. When disaster has stared them in the face, they’ve been able to get around it. When opportunities have presented themselves, they have found ways to take them without spending over the odds. Read more

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Stay Safe With Any Investment You Make

Investing is something that everyone should start considering at a certain stage in their life. It’s not enough to just be a saver. You need to think about how to quickly increase your finances. At the same time however, you need to make sure that you’re safe when investing. You never want to be in a position where you could lose more money than you can afford. That’s why we’re here to offer some great tips that you’ll want to consider when investing your cash. Read more

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Protect Your Financial Future By Following These Tips

So many people these days don’t put plans in place to protect their financial future. It’s vital that you do this, and that you have some kind of organisation. Putting measures in place to help you prepare for a secure future is so important. Make sure you do what you can to cop me up with as many as you can.

Invest

Investing is a great way of giving yourself some sure financial footing for the future. But, before you do this, you need to know a little about investing and how to make the most of it. This means you’re going to need to know common investing mistakes and how to avoid them. You’ll also have to decide exactly what you want to invest in. This is the best way of ensuring you make the right choice and have maximum chance of a positive return.

Save Money

Saving money is something all of us try to do, and we all wish we could save more! There is no secret formula to saving yourself money. You just need to be sensible about what you spend and what your expenditure is. Some things, like mortgage and bills, you won’t be able to avoid paying. But, you can certainly cut the cost of other areas of your life. For instance, when you go shopping you need to try to make sure you only spend what you need to spend. Avoid buying stuff that isn’t essential, and try to make use of as many special offers as you can.

Debt Consolidation

You need to focus on dealing with any debts you might have. That’s why you’re going want to come up with some debt consolidation ideas. Debt consolidation is a vital cog in the wheel of battling debt. So, you need to find out as much as you can about it so you can get started. The best way to do this is to check out debt consolidation educational resources. These can help develop your knowledge and understanding of debt consolidation. Then you’ll be well placed to get yourself debt free and protect your financial future.

Make More Money

It might sound like an obvious point to make, but earning more money will help you a lot. The trouble is that this isn’t quite as simple as you may have thought. In order to make more money you either need to upgrade your job or switch careers. The only other alternative is to get an extra job to make some more income. And, the way to do that is to look for ways of earning extra money as simply as possible. You can earn money from the comfort of your home through a variety of methods including e-commerce, blogging, and surveys.

Looking after your financial future is so important for the sake of your family. You need to be in a strong and comfortable position in the future. And this means you have to make long-term preparations as well as short-term ones. The way to do this is to make sure you think about the different ways of protecting your financial future. Then you need to try to facilitate them as best you can.

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4 Ways to Manage the Growth of Your Digital Business

Do not wish freewheeling growth for your digital business. Any kind of growth should be carefully managed. If your company grows too fast, you will struggle to keep up with the demand and will eventually lose customers. Likewise, if your company grows too slow, you will lose potential customers and disappear from the public’s eye. You should grow your company moderately, attracting new customers, and addressing concerns of existing customers at a rate that your employees can handle. Here are a few tips to manage the growth of your digital business: Read more

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Great Resources To Learn More About Penny Stocks

When it comes to penny stocks, there is just so much to keep informed on. Even if you’ve been in the business for longer than you can count, there are always new things to learn. Check out this quick guide to 7 great resources where you can learn everything you need to know.

Penny Stocking 101

Timothy Sykes has been trading in penny stocks for more than 15 years. Over on his website, he has a great guide for beginners. It’s free and is a great refresher even if you already know the basics. Alternatively, because it’s so accessible and simply written, it would be great to send to any friends or family members who want to know more. The guide has sections including “Your Penny Stock Trading Mindset” and “Penny Stock Terminology”. You can find Timothy’s guide here.

This Huffington Post Article

Once you’ve checked out Timothy’s advice on his website, head over to The Huffington Post. Here he has written the article “The 10 Best Stock Market Books You Should Be Reading”. The list includes a book on the unusual success story of Nicholas Darvas. It also features “Confessions of an Economic Hit Man” by John Perkins, which apparently took 20 years to write. This list was only just compiled in November 2015, so will be current.

Market Watch

Market Watch is a very reliable name and brand. They produce some of the handiest articles, news pieces and guides out there. They range from beginner level, and articles like “10 Ways To Trade Penny Stocks” to business and investment news.

How To Trade In Penny Stocks For Dummies

If you like your information the old-fashioned way, in the form of a hard-back book, you’ll like this. The Dummies brand is well-known for its sense of humour and comprehensive coverage of topics. This book promises “guidance on identifying growth trends and market sectors positioned for rapid growth” and more. A word of warning, though; the most up-to-date version of this was printed in 2013. So, while this book is fine for a general overview, you may want to look online for more current trends and information.

Money Morning

Over on Money Morning, you’ll find an entire section dedicated to Penny Stocks. Here, you’ll find a comprehensive list of some of the best articles being written. These articles are also up-to-date, something that is crucial. “How to Pick the Best Penny Stocks in 2016” is one such example of this.

Financial Times

One of the biggest names in the financial world, the FT is a one-stop shop. Not only will you find Penny stock information, but you’ll also find a whole world other related resources. There are sections for topics like Personal Finance, Emerging Markets and Global Economy. These will help widen your knowledge of the marketplace even further.

And, finally…

Right here at Club Penny Stock, of course!

Club Penny Stock has been in the game for ten years. You can get a free subscription to our

Penny Stock Alert Newsletter; there is more info on this page.

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The Sloppy Investor: Common Investing Mistakes And How To Avoid Them

The world of investment is a dangerous place. Yes, there is a real chance that you can make a lot of money and get rich. But, there is also a chance that you could lose everything. The last statement is not supposed to scare you from making an investment, far from it. What it is supposed to do is make you aware of the hazards of making the wrong decisions. There are plenty of cases where potential investors get it wrong because they make mistakes, and you don’t want to be one of those people. Here’s how you can avoid the mistakes and make your investment successful. Read more