The key to being a successful investor is to learn to overcome the emotions of fear and greed and make sound investment decisions based on objective analysis. Fear can lead to financial loss through missing out on opportunities to make a good return and through panic which can result in selling investments at the wrong time.
An interest-only mortgage, as the name suggests, is one where no principal repayments are required to be made during the term of the loan. It is usual for an interest-only mortgage to be interest-only for a fixed period of time, such as two years or five years, after which it can either be converted to a table loan (principal and interest) or rolled over as interest-only with the approval of the lender.
There is a plethora of options available for investors wishing to place their money in a managed fund or portfolio. Differences in the way fees are charged and returns reported have made comparisons between funds akin to comparing apples with oranges.
Insurance is one of those things that most people need but resent having to pay for. When money is tight, it is often insurance premiums that get cut from the budget. With an increasing amount of insurance being bought online or over the phone without advice there is a real danger that more and more people will be either over-insured or under-insured.
The party is over and it is time to take stock of the financial damage done by holiday excesses. If you are feeling as though you have a money hangover, here is what to do so you can get back in control of your finances.
The start of a new year is often a trigger to re-evaluate life in general, to set new goals, and to think about what needs to be done differently. Throughout the year there can be other triggers such as the end of a relationship, the birth of a child, or a financial catastrophe which demand that things be done differently.
There is a good chance, in fact about a 50% chance if the psychologists are correct, that some time in the New Year you will make at least one resolution. Researchers have found that the most popular resolutions fall broadly speaking into four categories: health and lifestyle, personal development, relationships and money.
It’s time to down tools, tidy the office, leave a holiday message on the answer phone, prepare for guests or pack suitcases. It’s as if 2013 can be put in a box and filed away, with a clean start to be made in 2014. Now is a good time to think about tidying up your financial records, particularly if you are intending to travel.
Lending money is risky business. Earlier this month, The Aleph Blog provided some great insight as to why one should never co-sign for even their loved ones in Don’t Co-sign, Ever, but just as this type of lending is risky to the co-signor, so too is the process of personal loans risky for the bank.
Being self employed comes with greater independence and flexibility of working hours but it can also mean an irregular income. Real estate agents, commission sales people, contractors, temporary or casual workers and a host of other occupations come into the same category as small business owners in this respect.