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Posts from the ‘Optimization’ Category

15
Feb

Community Features to Look for Before Investing in a Property

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weather-1568687_640From looking at investment ideas and property market news to actually buying your first rental property, there’s a long process to be accomplished. This is very daunting for first-time investors, and even long-time ones. Owning a property is a tough business in itself and the field is peppered with land mines that can potentially obliterate any returns.

In this article, we’ll look at the features you should look out for when shopping for an investment property.

Beginning your search

Although a real estate agent is helpful in completing the purchase of a property, you should consider starting the search for the investment property on your own. Having an agent can bring financial constraint and unnecessary pressure to buy a property that may not suit you. The most important thing to remember is to take an unbiased approach to all the neighbourhoods and properties within your investment range.

Also, your investment range will be limited by whether you want to actively manage your property (be a landlord/landlady) or hire someone else to manage it. If you will actively manage, you shouldn’t get a property that’s very far from where you live. If you’ll get someone to manage it for you, its proximity will be a lesser issue.

Here are the things you should consider when you begin searching for the rental property.

The condition of the neighborhood. The neighbourhood’s quality will directly influence the types of tenants you will attract and how often the property will experience vacancies. If your property is located near a commercial zone, you will most likely have tenants that will stay for extended periods of time.

Applicable property taxes. Property taxes differ across regions and since you’re planning to make money from rent, you need to be aware of how much you’ll lose to taxes. High property taxes are fine if you are in an excellent neighbourhood with long-term tenants. Check the town’s assessment office to see tax information in the community.

Job market. If the location as growing employment opportunities, then it as a better chance of attracting more people, which means more tenants. Seek out newspapers or online news articles for the announcement for any major company moving in the area. This can assure that workers will flock the area looking for a place to rent.

Crime rate. No one likes to live in a community with a high crime rate. To see criminal statistics, simply go to the public library or even the police to get accurate crime statistics for various neighbourhoods, rather than asking the neighbours or the property owner who is hoping to sell the house to you.

Education institutions. Some tenants will prefer a location with a nearby school. Check out the quality of school near a property you’re looking to invest in as this can affect the value of your investment. A low school reputation can reflect your property’s poor value.

Vacancies and listings. An unusually high number of listings in a particular neighbourhood can signal a seasonal cycle or a not-so-good neighbourhood. Figure out which is it before committing to a property.

End Note

It’s worth looking at top land developers when choosing an investment property. For instance, when you buy house & land from Lendlease or other major developers, you can be sure that you’ll be buying a quality property in a good community – an investment that will attract long-term tenants and give you big returns. Best of luck!

10
Feb

How to Avoid the Fear of Retirement

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No matter what your age, day by day and minute by minute you are moving closer and closer to retirement.

For some people, the idea of retirement seems so far off in the future they tend to dismiss it. For others, it’s just around the corner.

But if you have been thinking about your retirement lately and it scares you even a little, here’s how you can avoid the fear of retirement.

Hire a Financial Planner

One way to help ease the fear of retirement, no matter how close or far from it you are, would be to hire a financial planner. Make sure it is someone you are comfortable with and then get started formulating a plan for your retirement that works for you and any family you may have. When you meet you will likely evaluate your current finances, make goals for your retirement, and formulate a plan for how to get there.

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18
Jan

How to Get Cheap Auto Insurance

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corvette-171422_1920Auto Insurance is not always the cheapest. Depending on your past driving history, it could be very expensive. Thankfully, my car insurance is pretty affordable. I don’t pay too much for mine right now. Over the years, I’ve done some things that helped me lower it. I believe that you can do it too. Several ways can help you save a few dollars on car insurance. Here are some tips you can follow to get cheap auto insurance.

Safety Devices

Buy safety devices for your car. If you’re planning to get that theft alarm for your vehicle, this the right time to do so. Having theft devices on your car would help lower down your insurance costs. These devices would ensure your insurance provider that you are less likely to encounter car theft incidences because you have those things installed.

Use the same provider

Use the same insurance provider for all your vehicles. If you have more than one car at home, one good way of saving on auto insurance is getting only one insurance company for all of your cars. I thought that this would be common sense, but it’s not. Having all of your cars insured but the same provider allows you to get a multi-car discount. If you can’t get a discount on all of your car insurance policies, what most providers do is give you a lower rate for your second car. You’ll be paying the same amount for your first car, but the rest of the cars you sign up with them will be priced lower. That’s still a decent deal.

Group discounts

The next thing that you can do is look into group discounts. There are insurance providers who offer discounts. If you are a member of particular groups or if you carry a certain credit card. For example, I get a discount on my auto insurance because I’m in a fraternity. Before you sign up with an insurance company, it’s best to ask if they give discounts to members of organizations or if they are affiliated with the credit unions. Some insurance agents may not inform you about those discounts, so make sure you don’t forget to ask.

Provides multi types of insurance

Look for an insurance company that offers both home and car insurance. Most providers would give you as much as a 20% discount if you get both your home and car insurance with them. Doing this wouldn’t only just save you money, it also reduces paperwork. It makes applying easier as you are getting all your assets insured with only one company.

Low-risk driver

Be a low-risk driver. Taking care of your driving record is vital if you want to save on auto insurance expenses. The more tickets you get, the higher you will pay for your car. The more tickets you get, the higher you will pay for your car insurance. Providers don’t want to cater to people who are prone to accidents as this means shelling out money because of your inability to drive safely. Keep your driving records as clean as possible, so you won’t have a hard time getting a lower appraisal for auto insurance?

Keep good credit

Keep your credit score well. Most insurance provider’s credit checks to see if you can pay for your insurance policy. If you have a good credit score, then you don’t need to worry about anything. If your credit rating is not good, you might want to look for an insurance company that does not do credit investigations, although this may cost you a higher price for your car insurance. Stick with this insurance company for a while until you’re able to improve your credit rating.

With a little bit of research, you’ll find an insurance provider that can give you a good price for auto insurance. Look around, and you’ll soon get yourself some cheap auto insurance.

 

12
Jan

Money Management in Trading

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moneySuccessful trading – as opposed to losing – is by no means all about the successful trader picking winning trades. No one can trade and not experience losses because such things are the very facts of trading experience from which no one is totally immune.

Money management is about accepting that a large element in any trade is the random element. The market is an inexact silence and invariably a gamble.  A successful trader knows that losing trades are almost inevitable and in order to manage his money successfully he must make allowance for that.  Records show that many traders with a very successful record have a success percentage of barely more than 50% and the most successful rarely score more than six out of ten.

 The reason that so many traders end up as losers is that their money management skills are faulty. They view the world far too optimistically and don’t take into account the possibility of a long sequence of losing trades. Here’s an example of a trader who started with $8,000 and needed $2,000 as a minimum margin requirement for each trade. All it takes is eight consecutive losses and the trader is broke (if account fees are counted in, six losing trades would do it). Bad money management can easily prove disastrous. You need a good cash reserve to guard against a persistent pattern of loss.

Every trader must have a structure for his trading policy and he must be able to manage his money. When markets move, the movement itself presents opportunities galore but the way you deal with those opportunities is not as important as having a proper trade structure and above all having enough funds to be able to cope with any losses when they come – as they inevitably will.

You simply cannot make money in the long run from entering and exiting a trade if you do not follow simple rules of trade structure and money management. Eventually things will go wrong and there will be losses. If you plan for them, you will succeed. If you don’t, then prepare to join the swelling ranks of the losers. That is the greatest lesson of all.