Archive for October, 2008

by Parmdeep Vadesha
With the stock market showing signs of a slowdown and property prices in the United Kingdom softening, it is certainly quite a challenge to find the perfect investment for the first-timer. However, there might just be one perfect option to sink in your treasured funds — rental property investments.

The market for buy to let property investments has grown significantly in the past few years and has become very popular ever since. In the midst of an economic slowdown, it does not come as a surprise that the popularity of buy to let property investment continues for those with an eye for a bargain. There is a high demand for homes to let from people who have been evicted from their houses due to defaults in their mortgage and a subsequent repossession. Add to this the fact that more British consumers are generally foregoing the purchase of a home for now because lenders have become more selective. Plus the fear of repossession remains high. Thus first-time buyers opt to look for houses to rent in the meantime.

Buy below market value

On the other side of the coin, the rise in repossessed properties has also brought about an increase in attractive properties for sale at auction at bargain basement prices. Most of these properties are in good condition and at prices well below their market value. If you are a novice property investor, you definitely want to start off with a below market value property. Not only do you have lower cash outlay, you also minimise risks and maximise your profits by choosing a property priced at a bargain price from day one.

Choose a mortgage wisely

If you are like most first-time property investors, you probably do not have a ton of cash ready at your disposal and would most likely need a mortgage. Shop around for a mortgage that suits your financing needs and your payment capacity. There are many mortgage schemes specifically tailored to suit the needs of the buy to let investor who typically pays off his mortgage through monthly rental incomes. Many of the flourishing property investors concur that a good financial strategy is the key to their success, so decide carefully when it comes to mortgage.

Find the perfect spot

As with all types of property investments, location is the first and foremost consideration. Buy to let properties will only make sense and generate profits if they are located in an area where your potential tenants would be genuinely interested in living. Keep the needs of your prospective tenants in mind when scouting for a location. The hunt for the perfect home might take a while, but choosing carefully before settling down will provide excellent financial benefits for you.

Buy to let property investments are a good place to start if you are looking for a long term investment. Although many have triumphed taking down this road, you want to kick off your journey into buy to let investments prepared. Taking the above-mentioned things to mind before you get started will go a long way in helping you make the right decisions.

Parmdeep Vadesha is a property investment expert and founder of the largest community of property entrepreneurs on the web who buy below market value properties from distressed homeowners facing repossession, divorce and bankruptcy. He writes a monthly newsletter for over 70,000 property investors worldwide - http://www.Property-System.com

Article Source: The Basics of Buy to Let Properties: Things You Need to Know

by Bill Bill
Augment Your Forex Profit With Automated Forex Bot

To increase the profit in Forex trading, technology has come to help in a big way. One of these methods that are widely used is the automated Forex bot. This technological marvel is actually a virtual robot used to handle the Forex accounts.

One does not have to enroll in some financial class to learn the skill in Forex trading. The bot takes charge of all the trading round the clock for you. Hence you actually do not miss any trading that brings you money. The Forex bot does this when you are busy with some other works as the bot monitors all the trading status.

The automated Forex bot is available could be bought for a price of around hundred bucks, though the returns that accrue are higher compared to the investment made. You can also try out the free demo account to know about the product in detail. If one is not satisfied with the product, there is a 60 day guarantee period, within which the product can be returned and get the money back.

There is an increase usage of auto foreign trading in the exchange market. This is so as the method used is more accurate and the reliability is equally good. All these could be availed as you do other important work. It is wise to get one for you and be in sync with the technological advances.

There are three things that must be considered while looking for automated forex trading software. These are Accuracy, Ease of Use and Customer Service. With an accurate signal generator, one can make lots of money if the machine is used correctly. The generator can be used to predict the result of certain forex pairs in future after an analysis of the trends as well as shifts taking place in the market. Hence, one must try to get the best signal generator available in the market. Most of the publishers of software also provide free updates on a regular basis after the purchase of the software. This helps in getting precise tips on the market trend. It is advisable to read some comparison reviews before buying one for you.

The Ease of Use means to know the ease with which the program could be used. This could be learnt from the website of the publisher. One must look for the user friendliness of the software. The software must have an accurate signal generator along with basic stop loss. It must also take the profit features of Forex trading.

The Customer service of the software company could be determined by sending an e-mail to them and look for the response time. Normally, the response time could be between 1 to 3 hours. This is also a reflection of the reputation of the company for being concerned about your business and the way they keep the customer happy. Again, though there will not be any problem with the program, however, if some problem does crop up, you can be sure that your comment and complaint will be swiftly dealt with in an effective manner.

Bill is author of this article on Automatic Forex Trading. Find more information about Automatic Forex Trading here.

Article Source: Automated Forex Bot — The Software To Ease Forex Trade

by Trent10 Allan10
Guide For Company Registration

Anyone who wants to set up a new company and run it successfully needs to follow some legal steps. These steps are often very complicated. One of the most essential legal steps that a person should take prior to start a company is register a company. A person should know that any type of business requires registration. Registering a company is a complicated task and a person needs to take the assistance of the reputed legal firm for doing all the formalities in a small time. One should check the background of the legal practitioner so that he does not have to face any inconvenience later. To get the assistance of an experienced legal practitioner one can contact a firm that undertakes the work of company registration.

To register a company one needs to know some basic things. One should have a bank account package that provides all the documents needed by a Company for opening and account with the Banker. The documents are subjected to the 100 point test of the bank. A person who wants to his company should have a copy of the Form 201. The copy should come along with ASIC. One needs to submit the consent as sectary and director. To open a firm one requires having register of Shareholders, Register of Secretaries and Register of Shareholders.

The professional of the registration firms help people to prepare all these documents. They also give CD for these documents. The reputed firms provide some additional services for company registration. They prepare all the documents by the expert lawyers and present them in a ring-binder that is user friendly. The ring binder helps the company to keep the record of their later works. In many cases, the company has provided ACN within an hour. The company does not charge any extra fees for delivering these documents to the clients. A person needs to wait for maximum 24 hours for receiving the complete documents.

There are several other things that a person requires for registering a company. He needs to submit of the Registers along with formal templates. One who wants to register a company should have the minutes of Director meetings. They should also attach formal templates for the next meetings. One should also have the share applications along with the templates, which can later be used for further application. One should have certificate of share, duplicate receipt for acknowledgement and some formal templates. The Constitution of the Company should also be submitted in English so that one can understand them easily.

One can search the website of the authentic firms and see if they have facility to register a company online. The reputed firms provide legal support to their clients even after the incorporation is completed. They are always available for answering the queries. These professionals are careful about the satisfaction of their clients and them on their request. Only the authentic firms provide lifetime warranty for their services. They keep their client updated about the legal procedures and changes that occurs with time. A person who is searching for a legal practitioner for registering his company can visit exelco.com.

Trent Allan is author of this article on Company Registration. Find more information about Register a Company here.

Article Source: Simple Steps For Company Registration

by Trent13 Allan13
For Better Preparation Of The Discretionary Trust Register
One of the important considerations in the preparation of the Discretionary Trust Register is the knowledge of beneficiaries who are to get the payment from the class and also the trust property that also need to be provided. This makes the preparation of the register of prime importance.

The Discretionary Trust Register has all the documents and services that are required by the trustees. It has the general advice relating to the operation of the trust, the different taxation rulings which are relevant and explanatory notes on reasons for including the different relevant clauses. It also has the Setlor request, the trustee’s initial meeting minutes, and discretionary trust deed given in duplicate. All information is given in plain English. A CD is also provided that have all the trust documents.

Xenoslawyers is in the business of preparing Discretionary Trust Register and has good experience in it. In addition to the above services, the people here provides stamping and delivery services, if requested within 24 hours which is done at no extra cost. The documents are made by the experienced lawyers of the company that are provided in ring binder that is user friendly, and help the record keeping operation of the Discretionary Trust.

The people at Xenoslawyers will attend at the time of stamping of the deeds on behalf of the clients. The team of lawyers keeps on providing services to its clients even after the preparation of the documents. One can always ask for answers for all their queries and can make requests to them even long after completion and delivery of documents.

One can expect assistance on-line and also through telephone at no extra cost. If some deeds of variation of trust are required at some point of time, it is done without any charge. There is continual updating of the documents in compliance with the legislature. The Trust Register that is prepared is delivered within 24 hours of getting the order.

If the order for Discretionary Trust Deeds preparation is made before 2 pm, the team at Xenoslawyers prepares the relevant deeds to deliver on the day of getting the order. If the request for preparation is made after 2 pm, the documents are delivered the next day. If there is a request made before 3:45pm, the people provide the ACN number of the company on the same day. However, if there is any urgent need, the team prepares the documents and delivers on the same day without charging any extra money.

The team at Xenoslawyers is ready to completely support the documents for its lifetime. This lifetime warranty includes regular updating to keep the documents comply with any legislative changes that may occur at any point of time.

The success of Xenoslawyers documents lies on four elements. The Trust and Company Registers that are prepared are very user-friendly and easy to navigate. There are no legal jargons to be found in the documents and only plain English is used in its preparation. The team at Xenoslawyers makes sure that all the documents are delivered within 24 hours of the request for its preparation.

Trent Allan is author of this article on Discretionary Trust. Find more information about Discretionary Trusts here.

Article Source: Preparation Of The Discretionary Trust Register

by www.EasyToInsureME.com
Dear Clients and Friends:
After my son’s soccer game on Friday night, in which my son scored the winning goal, Rhonda approached me. Rhonda is NOT a client, but she knows What I do for a living. She exclaimed, “My Freaking husband lost 50, not 50%, and why you blaming him?” Well she said, his Advisor is his best friend and the two of them should have known and moved all our money into cash. Now we are down, what should we do? I tried to defend her husband and advisor, but was not getting anywhere. Rhonda was too emotional. Then she said, “I could just KILL MY husband.” So I said, well I have an application in my car for some Life Insurance, if you are going to Kill him, at least get some more Life Insurance. Of course, I was kidding. Then the idea hit me. So Soccer Mom Rhonda, I give you credit for this idea.

Let’s use some Math and make a few assumptions. Let’s say that before this horrible few months, Rhonda and her husband’s portfolio was $600,000 and now it is worth $350,000. If Rhonda’s husband does die too soon, then Rhonda will only get 350K, instead of 600K. Let’s assume that Rhonda’s husband is concerned about this, well not so much for Rhonda, but for their 15 year old son and 13 year old daughter. The husband is my age 51, and in good health. The husband is investing into retirement accounts, $10,000 per year. His projections of early retirement now obviously need to be recalculated, but anyway here are the basic facts. They are down about 250K, they have 2 teenage children. The husband is concerned that if he does die, Rhonda and family will get less money from their portfolio, and he still can invest 10K into his future retirement plan. READY for the JG CREATIVE IDEA ????

The husband only invests $5,000 into his retirement plan, and buys a $250,000 Universal Life that builds cash value. He invests $5,000 per year into this Investment/Insurance product. If he dies too soon, then Rhonda will get the 250K from the Life Insurance and the 350 K from their portfolio, wow back to the original 600K. If he lives, the 350 K in the portfolio will Hopefully grow from the $5,000 of new money he is investing, and the Universal Life’s cash value will grow. At age 65, the cash value growth and the Portfolio growth will be very close as if he invested the entire 10K in the original portfolio. So everyone wins, and everyone is happy, just a SMART way to reallocate your future Retirement contributions. There are some tax issues with this strategy as well as a few others, which could make this idea even better or not as good. Each person’s numbers will depend on age, health, life insurance needed, and future investment allocations and contributions.

I welcome the opportunity to explore this idea with you to see if we should reallocate your Investment Contributions and/or to review your portfolio to see if any changes at this point makes any sense.

Make it a good week.

Jerry Gross, MBA, CLU, CHFCLife Insurance Specialist at www.EasyToInsureMe.com Phone 215-944-3079Fax 215-364-3990Email easytoinsureme@aol.com

Article Source: Investing in 2009

by Nicanor Castillo
Let’s face it. The financial situation that our country currently finds itself in is no laughing matter. But are you aware that long before the government set out to try to put smiles back on Wall Street, it set up a great way to help YOU laugh at money worries with Roth IRA investing?

It’s true. The programs established by the government for investing IRA money are truly financial bonanzas for those persons wanting to safely and effectively build wealth for the future. And with the generous tax savings options that come with these programs a person can truly laugh all the way to the bank.

Roth IRA investing is no different that traditional IRA investing. But I’ll get to that in a moment. However, the main difference between the two savings plans are the tax savings options.

If you choose to open a traditional IRA, your tax benefit is taken in the year you open the savings plan. You are allowed to deduct up to $5000*, the maximum contribution for 2008**, from your taxable income. Every subsequent year that you contribute to the IRA, you are allowed to take it as a deduction. Any earnings you make from your investments remain tax deferred until you withdraw them, along with your contributions, at retirement. At that time, applicable taxes will be owed.

In contrast, opening and maintaining a Roth IRA involves the use of money that has already been taxed. As with a traditional IRA, the $5000 maximum contribution cap still applies, but in this case, the earnings you make investing IRA funds remain tax free. When you withdraw your money (contributions AND earnings) at retirement, NO taxes will be due.

So what about Roth IRA investing? If you’re thinking that investing IRA funds in the unstable stock market is your only option, then think again. Most people that open IRAs don’t realize the vast choice of investment opportunities available to them, including mortgages, franchises, tax liens, partnerships, and private equity, to name a few.

Many people think they are not smart enough to make investing decisions. There are others who don’t want to be bothered with the paperwork. Financial institutions play upon these uncertainties because they make their money from charging management fees and earning profits from selling in-house investments.

There is nothing wrong with allowing a financial institution to manage your investments. Many people are happy with an annual 8% return. But when there is an opportunity to save those fees and earn those profits yourself by managing your own IRA, why wouldn’t you?

The truth of the matter is that self directed Roth IRA investing gives you the opportunity to hold a vast array of assets, including real estate, that can easily double or triple your initial investment. And remember, Roth IRA investing profits are tax free.

If you’re still unsure about investing IRA money yourself, you’ll be happy to know that there are companies that specialize in setting up self managed IRAs. Not only do they follow your investing instructions, but they take care of the hassle of the paperwork. This includes generating the required reports, and making sure your IRA is in compliance. In my opinion, this truly is the best of both worlds.

Make no mistake about it. Roth IRA investing is one of the easiest ways to save and earn money while getting a great tax break. If you are one of the smart people investing IRA money then it won’t be long before you, too, are laughing at money worries.

*Maximum individual contribution
**Annual maximum subject to change

Nicanor Castillo is a passionate advocate of building wealth through sound financial investments. In recent years, Nicanor has focused on socially conscious investing which empowers urban communities while achieving a guaranteed minimum return on investment. To find out how you can participate, visit http://www.irainvestingadvice.com

Article Source: Roth IRA Investing: Helping You Laugh at Money Worries

by profitweaver
Day trading is a method of trading on the foreign currency exchange market in which a dealer completes all his trades in a single day. In other words, he may make a few dozen — or more — trades in a day with the aim of buying and selling swiftly and making a profit from the fluctuations in a currency exchange rate over the course of the day.

Does this explanation sound complex? Depending on how you pick your trades it can be. There are a number of systems and methods available, some of which can be quite daunting, especially to a novice investor. In a nutshell, the idea behind day trading is that currency exchange rates are subject to fluctuations over the course of the day. They might go up and they might go down depending on who’s buying, who’s selling and what rumours are floating around the market, or what news is currently being shown; particularly with respect to business. In fact, day trading in the foreign currency market is almost certainly the single segment of any type of stocks, currency or futures trading market most affected by rumours and real-time, real-world events. A savvy broker who is quick on his feet can roll up the profits by paying attention to how the current news bulletin is affecting the currency exchange rates.

The currency market, usually referred to as the Forex (short for Foreign Exchange), is the most liquid market in the world. The most recent data says that daily trading on Forex is in excess of $1.3 trillion U.S. dollars. That makes Forex the world’s biggest, most proficient market. A major part of the reason for the liquidity and size of trade is the practice of day trading. The main difference between day trading and other types of trading (such as stocks or futures) is in how long you hold your investment. In the world of day trading, you hold nothing after the close of the day’s market, so everything becomes liquid. Think of it as a game in which the object is to keep trading cards back and forward, growing the value of your cards, but you have no cards in your hand at the end of the day.

Of course, since the currency market is a 24 hour market, there actually IS no market closing — so the system changes somewhat. The currency market is open from Sunday afternoon to Friday afternoon, with trading going on all the time, so you can pick your period to trade rather than being locked into the Stock Exchange timetable.

How You Make Money in Day Trading

People will tell you that the distinction between a day trader and an investor is the length of time that each holds onto their stocks. If you analyse Forex Trading deeply, you will know that this is a largely superficial difference. The real distinction is in the approach of short-term vs. long-term and liquidity. An investor buys something that he believes will gradually grow in value, and holds onto it for the long haul. A day trader will ride the minuscule changes in the currency market minute by minute; almost the way a surfer will ride a wave. Because you’re trading in lots of say 200,000, a tiny variation can mean a big profit — or equally a huge loss.

Limiting Loss in Day Trading

One of the hardest concepts for new traders to comprehend is that of limiting loss. Let’s say you make a trade for a currency that is heading down because you believe that it’s near its support point — the point where it will bounce back and start heading back up. Instead of behaving as you expect, it breaks the point and keeps heading down — you’re losing money instead of making it. You have two choices — hold onto it because you KNOW it will start heading back up soon, or get rid of it and control the quantity of money you’re going to lose. The name of the game is to limit your losses and maximise your wins. You should decide ahead of time just how much you’ll allow each trade to lose before you sell it, and then STICK TO YOUR LIMIT. Equally, you should decide how much profit you want to make at the start of trading, set a sell order for when the currency reaches that point, and then sell when it hits the mark.

It Might Sound Obvious, But Know What You Are Doing.

Day trading on the Forex is like any other industry. The people who make money are the ones who take the time to learn the market and appreciate the ins and outs of the trades that they make. Those who jump in feet first without learning the terminology, rules and trends of the Forex market are priming themselves to lose — and lose big. You must remember that there is no such thing as potential profit without the equivalent risk of losing money. Most importantly, before you leap in, find a course that teaches you Day Trading, and learn it! You cannot hope to be a successful trader without understanding the business that you are in.

Charlie Cory makes his living from computers as a consultant, and has been creating web sites and marketing them for a number of years. Don’t invest in Forex blind. Find out where to go for the trading help you need with this Independent Forex Review Site. Discover the best Forex Training and Forex Trading Platforms around today!

Article Source: 3 Key Facts For Successful Day Trading

by Chris Cdutoit
You have just purchased your new bike and are anxious to ride it, to enjoy the freedom that only a motorcycle can give. Your new machine shines and sparkles in the garage, calling out your name, wanting to take you on the ride of a lifetime. However, you know that you must put aside, for the moment, this anticipated feeling of exhilaration: all because you have no insurance.

It’s a fact that most communities in the world today require motorcycle operators and owners to have insurance before driving a motorcycle on public roadways and highways. And even if you are not required to have motorbike insurance it’s a very good idea to have it for your own protection. For example, many motorcycle accidents are caused because the other driver didn’t see the motorcycle. Many vehicle drivers, for whatever reasons, fail to see motorbikes. Having protection for that possibility is in your best interests.

Motorbike Insurance Can Be Expensive

The truth about motorbike insurance is that it can be expensive, in comparison to automobile insurance. The reason is because within the insurance industry it is believed that riding a motorcycle is more risky than driving a car. And it is for a couple of reasons, the first being our example above.

Another reason motorcycle insurance is expensive is that there are a large number of high performance motorcycles on the road today and better ones being produced all the time. A high speed motorcycle mixed with a little showing off can be risky — to the insurance company. And that’s what it comes down to for the motorcycle insurance company. Risk! The more risk they think they must take the more they charge for that risk. Keep in mind that the insurance company is in business to make money, not lose it.

Back To School

However, there some things you can do to help lower your premium and one of them is to take a motorcycle driving course. Motorcycle driving training, even for the experienced motorcyclist, helps reduce your risk to the insurance company, therefore saving you money. In fact, many motorcycle insurance companies provide discounts to their customers who provide these certificates. Even if you are an experienced motorcyclist and have insurance but are looking to trim the budget a bit, providing a “motorcycle driving course certificate” to your agent might help you find that extra money you are looking for.

Targets of Vandalism

Another reason motorbike insurance is so expensive is that motorcycles are more susceptible to vandalism and are easier to steal. But here too you can possibly save some money on your insurance by letting your agent know where you plan on storing your motorbike when you’re not riding it. Some insurance companies will give you a discount if they know you keep your motorcycle secured in a garage or storage unit. Even the type of security device you use when your motorcycle is parked in public parking areas can save you money.

Weather

For some riders the weather can make a huge difference in premium rates. Some riders can only operate their motorcycles during certain times of the year. Motorcycles are very enjoyable being rode under the warm sun on a mid-spring afternoon, but impossible to ride during the cold and snowy winter months. If this should be case with you talk to your insurance agent. Let him know the months you plan on riding your motorcycle. Some motorbike insurance companies may be able to attach a “rider” to your policy that starts the coverage on a certain day and ends it on a certain day. You’ll only be paying for the coverage you need, not the whole year.

About the Author:
The author specializes in bike insurance in South Africa. If you need to read more on insurance quotes, visit Getinsurance.co.za

Article Source: All You Need To Know About Motorbike Insurance

by century
Rebates have become increasingly popular in the last few years on a lot of items and certainly on electronic items and computers. Rebates of $20, $50 or $100 are not uncommon.

I’ve even seen items advertised as “free after rebate”. Do these rebates come under the heading of “too good to be true”? Some of them do and there are “catches” to watch out for but if you are careful, rebates can help you get some really good deals.

The way a rebate works is that you pay the listed price for an item then mail in a form and the bar code to the manufacturer and they send you a refund thus reducing the price of what you paid for the item except with a time delay of several weeks.

Rule #1. Rebates from reputable companies are usually just fine.

You can be pretty sure you will get the promised rebate from Best Buy, Amazon or Dell but you should probably not count on getting one from a company you’ve never heard of. If you really want the product and are OK with paying the price listed then buy it but don’t count on actually getting the refund.

Rule #2. Check rebate expiration dates.

Many times products will stay on the shelf of a retailer after the date for sending in the rebate offer has expired so check that date carefully.

Rule #3. Be sure you have all the forms required to file for the rebate before you leave the store.

Rebates will almost always require a form to be filled out, a receipt for the purchase and a bar code.

Rule #4. Back up your rebate claim.

Make copies of everything you send in to get your rebate including the bar code. Stuff gets lost in the mail all the time and if the rebate is for $50 it’s worth the trouble to back up your claim.

Jamulco Setiawan is contributor http://www.vibizportal.com/vima

Article Source: Rebates — Reward or Rip Off?

by Paul J. Meyer
The good news is that there are nearly an unlimited number of ways and strategies to be successful in investing and managing your money. The bad news is that there is an unlimited number of people, businesses, advertisements, magazines, radio experts, and television shows all ready to tell you what they think you should do. But don’t despair. Among the many successful ways are some common denominators that all seem to revolve around common sense. Here are my top ten common sense tips for asset management:

Tip #1: Don’t fall in love with a stock.

Don’t let emotions get involved with your stock - it could cost you dearly. Regardless of any sentimental meaning you may attach to it, it represents a commodity of value only.

Tip #2: Don’t buy or sell from a broker on the last two days of a calendar month.

If you don’t know your commission-based broker well, put a moratorium on any business during the last few days of any month, when such brokers typically end their production period that determines their paycheck for the following month. Don’t risk getting recommendations based more on your broker’s need to earn a commission than on your need to make money.

Tip #3: Seek a financial advisor through friends or your company’s benefits office.

Brokerage companies often have rookie brokers simply take turns accepting unsolicited calls for advice. This is far too risky. You need to protect your money. If your friends can’t recommend one, utilize the due diligence that your company’s benefits office has done on the company’s behalf and ask them for a referral.

Tip #4: Don’t pay for advice you don’t need.

There will always be a need for high quality, full-service stockbrokers. However, for the common investor, cost savings are enormous and personal control is greatly improved if you can invest a few hours per week into the powerful research tools and portfolio management applications afforded by free Internet sites.

Tip #5: Fee-based managers can gouge, too.

If you’re paying a professional manager a flat fee based on the size of your portfolio, make sure you aren’t paying ongoing management fees on the cash portion of your account. It makes sense to pay management fees on the portion that is in stocks and bonds, but never pay additional management fees on the portion invested in money market funds.

Tip #6: Take the best of both worlds.

If you have a complex portfolio and estate, consider paying a professional financial advisor for a specific plan that can be executed and evaluated on your own at a discounted or online broker. This keeps you in control and free to measure performance without any conflict of interest as well as saving significantly on needless fees and commissions.

Tip #7: That’s my plan and I’m sticking to it.

Do your research, get outside advice if necessary, and find a core strategy that you can live with long-term. It is the fees, tax liability, and needless short-term losses that can destroy the multiplying momentum of your portfolio over time if you allow yourself to be whipsawed with every new fad.

Tip #8: Life insurance is not an investment. Investments are not life insurance.

Insurance salespeople may try to convince you that life insurance can be used as an effective investment. Stockbrokers may try to convince you that your life insurance premiums are better spent by investing in their investment recommendations. Common sense and good advice will tell you that there is a need for both at some level in every family.

Tip #9: Don’t overlook invisible losses.

Invisible losses are those you are taking and not even knowing it. For example, if you are afraid of taking some risk by investing and instead place your money in a bank savings account, you will have had invisible losses by not earning more than you could have. Manage your money, and consider the cost of doing nothing when you make financial decisions.

Tip #10: Keep your perspective.

You own your money - do not let it own you. Always remember where your portfolio ranks in your own personal priorities of life.

For more professional advice from a variety of reputable authors on getting out of debt and making, saving, managing, and investing money, order “How to Manage One Million Dollars…or Less” today, available at http://www.theleadingedgepublishing.com.

Article Source: I’m Investing - Now What?