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| Investing - A Beginners Guide |
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Thursday, September 6, 2007
needs prudent investment strategies. Without gaining adequate knowledge in investment, do not try your hand in various investment options, which can result in drastic and sometimes disastrous results. A new investor should first visit the local library and try to get various guides on personal finance. Issues relating to personal finance includes basis for a budget, sticking to the budget, saving money for an easy retirement life, major purchases, and managing the accrued finances properly. New investors should go through newspapers such as Wall Street Journal, which will familiarize the reader with insurance, stocks, investments etc. through their Friday Column aptly named "Getting Going" by Jonathan Clement. A new investor should not barge into the stock market based on any half-baked advice by close relatives or friends. For getting a proper idea about overall money management, study books such as The Intelligent Investor. For the sake of reference, this title is highlighted. If you browse in the bookstores or libraries, several other equally good guides might be available. If excess cash is available immediately and if you are still going through the learning process, without wasting time, you can put the excess money in a mutual fund or even the bank. Even though this learning process appears to be a daunting chore, it is better than relying on professional money market advisors who will charge a hefty amount for guiding you in making money. Ultimately, you and you alone are responsible for your financial situation - win win or no win. Once a new investor gets a fair idea about personal finance management, further studies in mutual funds, stocks and bonds will be the next logical step. A mutual fund is money pooled by a group of investors, which is used to buy stocks or bonds from various companies and strives to achieve a specified target of growth. Many mutual funds set 1000 dollars as the minimum initial investment money. A closed ended mutual fund is similar to a share issued by a company trading in the stock exchanges. It can be traded through a broker just like any other stocks. Open-ended mutual funds assure a fixed annual income without any surprises. Some of the popular mutual funds are money-market funds, balanced funds, index funds, pure bond funds, pure stock funds and tax-free bond funds. The next logical step or the parallel step is investments in stocks.A certain amount of guesswork is needed for buying and selling them. To get some knowledge about the risks involved, try to play the investment games online, which simulates the practice of selling and buying stocks without losing money or facing any risk. After thorough familiarisation, a first trade in stock with minimum investment can be tried. Article written by Anastasia Phocas. Author Bio:: ------------ Anastasia Phocas financial planner WA comprehensive wealth management WA email: jupita_fanklin12@yahoo.com Personal debt consolidation loan: Manage your debt in a better way Of late, debt consolidation has become very popular among the Britons. Most of them are showing interest in consolidating debts. The reason for the popularity of debt consolidation may be due to increase in the debt burdens. More and more people in UK are suffering from such problems and finding solutions to manage their debt efficiently. For them, personal debt consolidation loan could be a good solution. Debt consolidation loan is more a debt management process. Through such loans, borrowers may be able to manage all their debts into a single debt. Borrowers need not to make payments to different lenders rather they are required to pay a single loan to one lender only. The interest rate associated with personal debt consolidation loan is generally low as compared to the cumulative interest rates you were paying before. Are you looking for personal debt consolidation loan? You should consider some of the main factors before going for a loan. Different banks and private lenders may offer different loan terms for debt consolidation loan. To get one of the best loan deals is not always easy. If you are suffering from severe debt problems, you may find it difficult to get personal debt consolidation easily. Moreover, if you do not search for the best loan deal, you may end up in more debt. Your aim should be to manage your debt with a loan having low rate of interest. Personal debt consolidation loan offers two choices to the borrowers i.e., secured and unsecured personal debt consolidation loan. You can look for secured type of personal debt consolidation loan if you can offer property as collateral. Unsecured personal debt consolidation loan is suitable for homeowners as well as for tenants. Such loan does not require any collateral. Choose the type of loan with best loan deal as per your financial requirement. Release your entire debt burden and feel the difference. For more information please visit: http://www.easy-loans-shop.co.uk Bring your multiple debts under one roof with debt consolidation loan To make the repayment of all your debts easy by bringing them under a single roof is the work of debt consolidation loan. Dealing with multiple creditors and making multiple payments on different dates is much of a trouble. Moreover, paying high interest makes the repayment instalments large. Almost all your income goes away just for clearing the instalments. Above all to add insult to injury there are the harassing phone calls from the creditors. In order to get away with all these troubles and strengthen your personal finance, you can take advantage of debt consolidation loan. The highly effective gadget, debt consolidation loan is available in secured and unsecured form. Secured debt consolidation loan is offered against collateral while unsecured debt consolidation loan does not necessitate any collateral. What is most important in a debt consolidation loan and needs to be taken care of, is its terms. Unless the terms are suitable to your repayment ability, you fail to pay off the loan. Consequently, your debt problem will deteriorate further instead of getting better. Therefore, it is recommendable not to accept the very first offer a get from a lender. Rather, dedicate a little time and do some legwork. Approach more than one lenders and take quotes from them. Compare the pros and cons of the loans and check out which one comes with the most suitable terms. Carrying out the legwork will be quite easy if you use the Internet and approach the online lenders. Further make it sure that you stick to the terms of the debt consolidation properly so that you can avoid any kind of unsavoury consequence. The author is a finance expert and is currently working with Shakespeare Finance Ltd. |
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