Posts Tagged ‘Investment’

5 Main Sources of Impartial Investment Advice

January 2nd, 2010 admin

It seems that everybody has suggestions on how you should invest your money. However, you should only get investment advice from a reliable and credible source – never get investment advice from your friends or family. You should not be guided by emotions – wanting an investment to do well for a personal reason does not mean it will. Emotions that guide many people are greed and hope. You should compare different sources of impartial investment advice – weigh their pros against their cons.

Successful Investors

Consider getting impartial investment advice from those who have succeeded in what you want to invest in. They know what it takes and you can learn from their mistakes. However, you should make sure you get an investor who has nothing to gain from your failure.

Professionals

The best people to give impartial investment advice are professionals. As illustrations, if you want to invest in mutual funds, you should ask for advice from fund managers and if you want to invest in stocks, you should ask for advice from stock brokers. You will get impartial advice from professionals because they have no vested interest in your investment. These professionals have years of experience in their field and they have theoretical know-how. They are able to give sound advice because they have learnt from their successes and failures and from the successes and failures of other people. You should get professionals from respected investment firms. Such firms have reputations to uphold and they will not let their employees engage in fraudulent activities.

The Media

Although you cannot always trust the media, some media outlets such as Bloomberg are credible sources of investment advice. However, do not invest just because you were given sensational success stories – do fundamental analysis of the market and what you want to invest in first.

Financial Consultants/Advisors

There are people who have dedicated their lives to giving investment advice for a fee. They give impartial advice since they have nothing to gain from your failure, but you should check the credentials of the individual first.

The Internet

The internet is a great source of impartial investment advice if you know where to look. You should go to trusted websites – those by noted experts in what you are interested in investing in.

Marcus is dedicated to providing financial education that helps individuals create wealth for themselves and their families.

Marcus is the author of the book, ‘Wealth Workout – the Simple Seven Step Formula for Financial Success’, and the contributor to various money, finance, stock market and property publications in UK. For more information on how to make more money and to get a wealth workout please click here wealth-workout

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Real Estate Investment Opportunity in North Georgia

December 22nd, 2009 admin

If you have ever had the good fortune to visit the mountain towns of Ellijay or Blue Ridge, then you know the area as one of the most picturesque in the country. Because of the mountains and National Forests as well as the relatively undisturbed natural scenery it has become the choice for many people to have a vacation home or buy a second property. Tourism is one of the largest driving forces of the economy in the Blue Ridge area, and some of the people that come and visit immediately fall in love with the place and want to own a property there.

Unfortunately for a large number of buyers, the area is so nice that they ended up purchasing properties that were a little bit beyond their means. It has meant that there have been many homes that have been the subject of foreclosures and people have sometimes had to walk away from beautiful mountain cabins.

Occasionally from a bad situation can arise good opportunities. If you have the finances in place to purchase a property in Blue Ridge or Ellijay you can probably get a very good deal on it. Because many of the smaller banks in the area have taken a beating on loans that have gone sour they may be willing to short sell certain properties. You could end up picking up your dream home for much less than the last buyer paid for it.

You have many options if you are looking at North Georgia property or homes for sale. There are luxury cabins that cost a great deal of money and while they are a good value, they might not be right for every buyer. Due to the large number of builders that were pumping out spec houses you can find smaller homes on very nice lots that are secluded. If budget is a factor or if you are primarily looking at real estate in this area for investment purposes you might also look into buying a lot or undeveloped property in this area. Many things about a property can change over time but the astounding natural beauty of the Georgia Mountains is not likely to change for many generations.

Because of the strong tourism industry in the area, there are also opportunities for businesses and you might be interested in purchasing a property for future development of a hotel or restaurant. This can be a little bit more involved than buying property as a home and may require substantially more research but that may be worthwhile.

Taking a good look at North Georgia real estate may be the first step to one of the better investment decisions that you ever make. At the very least, the trip will likely be one of the better vacations that you have ever had as you get to enjoy one of the most beautiful areas in the country.

Rachel Hill Burden is a real estate agent with Better Homes and Gardens – Metro Brokers. Visit her at the Real Estate Hub in Ellijay or her real estate listings website.

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Personal Finance Tips For You by Nocita Carter

November 22nd, 2009 admin

Personal Finance Tips for You includes twenty-four topics covering an array of areas. The author states in the introduction “it is important to know as much as you can about managing your personal finances in these economic times.” Some of the areas covered are credit card traps, keeping on track to pay your bills, handling your checkbook, the price of gas, identity theft, catching up on retirement planning, what to do if you receive a lay off notice from your job, checking your credit report and talking about finances if you are planning to get married. These are just a few of the topics. There are many more.

The first topic covered is Don’t Get Caught Up in The Credit Card Trap, Stop Yourself Before That Happens. This is a very important chapter for everyone to read because it is so easy for this to happen in tough economic times. The author offers several excellent tips to help anyone who has this problem. It is clearly explained why it is so important for you to pay down the credit card debt.

Another important topic covered is How Do I Keep On Track to Pay My Bills on Time. The author gives the reader some tips on creating a budget and keeping track of your income and expenditures.

How do you survive the high cost of gas? We all know, not long ago the price of gas kept soaring. The author gives us many tips on how to save money by doing some simple things like consolidating trips just to name one of the pointers. There are many tips mentioned that I never thought of myself.

How do you establish your credit if you are young and just starting out on a job? Nocita Carter tells you exactly how to go about doing this.

Do you think you can save any money by just saving your change? This is one of the tips made by the author. I can personally vouch for this one because each day when I purchase an item, I take the change and add it to an old coffee can. After a few months, it gets quite full. I am always surprised by the amount of money I saved from my loose change.

I could go on and on with each chapter because there are so many good points in this book but I think you get the message and would get more out of Personal Finance Tips for You if you purchase it and read it yourself.

There are several aspects of this book that I really liked. It is written in language that is very easy to understand. It is not like some of the other books on finance that require you to have a dictionary by your side as you read. The book is very organized. Each chapter starts with an introduction to explain the topic. Once that is done, the author lists several tips to help the reader accomplish these tasks. Nocita Carter has written this book in a manner that makes the reader feel like they have a personal finance expert right there beside them. Personal Finance Tips For You is recommended for any age. It will be a valuable tool for younger people who are starting their first job. On the other hand, one is never too old to find something they did not know in this book. After reading this book, I learned quite a few tips to help me with my finances. You will find this an excellent resource guide to keep by your side at all times.

Nancy Eaton – Owner of:
http://www.bestsellersworld.com
This site has book reviews, book giveaways and a book discussion forum.

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