Stock Up On These Great Investment Ideas

Posted by on Jun 12, 2014 in Guides and Tips |

Making good investments is very important if you want to secure your financial future and not lose everything. Be a good investor requires patience, and a lot of knowledge about how to go about it the right away. Thankfully, the article below is here to give you great tips to show you how to become wise in the area of investing, so keep reading! Once you are sure that your investments will be in real estate, you should set up either an LLC or a similar entity. This will protect you as well as any future investments you may make. Additionally, you may be able to get tax benefits for your business because of your dealings. When you are investing in real estate, make sure not to get emotionally attached. You are strictly trying to turn the most profit possible so try to put all your efforts into the renovation of the home that you purchase and maximizing value in the future. This will help you to make the most profit. Join online forums, blogs, or other groups. This will help you learn useful strategies. An online investment group allows you to speak to other investors. Be mindful of the value of your time. You might love rehabbing a property yourself, but is all the manual labor really the most productive use of your time? Would you be better off finding a better property? Outsource what you can. It pays to open up your schedule for things that impact the business more significantly. Never purchase a property because you just want to add to the amount you own. This is a habit among novice investors in real estate, but you’ll learn that having more isn’t exactly better. Investigate thoroughly before you invest and think quality over quantity. This will protect your investment. Stay away from buying a fixer-upper. That low purchasing price comes with a huge repair bill before you you even begin renting, thus starting off in the red., Look for ready-to-rent properties in need of little repair. The ideal situation is to buy a rental unit that is already occupied by a good tenant. Learning about real estate investment is not free. It could either be a time investment, like reading this guide or some other material. Orl it might be from future mistakes. Try learning from people around you. Be ready to make sacrifices in order to reach your goal. Though you may have high hopes for a flip property, your costs can get chaotic quickly. It is virtually guaranteed that you will end up having to make sacrifices if you want to achieve your goals. Be ready and willing to give something up. Everyone would...

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Used car Loan Restrictions Lifted Temporarily to Credit Companies Not Regulated by MAS

Posted by on Apr 6, 2013 in News and Announcements |

Source: http://www.mas.gov.sg/News-and-Publications/Press-Releases/2013/Loan-Restrictions-Lifted-Temporarily-for-Purchase-of-PreExisting-Stock-of-Used-Cars.aspx Loan Restrictions Lifted Temporarily for Purchase of Pre-Existing Stock of Used Cars; Restrictions Extended to Credit Companies Not Regulated by MAS The Monetary Authority of Singapore (MAS) will lift the current restrictions on car loans for a period of 60 days for the purchase of used cars that were part of car dealers’ inventory before the restrictions were introduced on 25 February 2013. As dealers have up to seven days to register used cars under the Land Transport Authority’s Temporary Transfer Scheme (TTS), used cars registered as of 4 March 2013 will be eligible for this...

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More in debt due to car ownership costs in Singapore

Posted by on Mar 11, 2013 in News and Announcements |

With the high COE price, the costs involved in maintaining ownership of a vehicle is one of the reasons why many Singapore car owners falling into debt. To maintain a car in Singapore, on a monthly basis, the cost is close to S$1,800 or more. If we take into consideration the road tax, insurance and petrol, season parking at house and office and everything else, on top of the monthly instalment car loan payment. So it is necessary to own a car in this small island with such intensive network of public...

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Monetary Authority of Singapore introduce restrictions on car loans

Posted by on Feb 26, 2013 in News and Announcements |

The Monetary Authority of Singapore (MAS) will introduce financing restrictions on car loans granted by financial institutions. After the introduction, the maximum car loan amount will depend on the open market value (OMV) of the motor vehicle purchased: For vehicle with OMV that does not exceed $20,000, the maximum loan-to-value (LTV) is 60% of the purchase price, including relevant taxes and the price of the Certificate of Entitlement, where applicable and for vehicle with OMV of more than $20,000, the maximum loan to value is 50%. On top of this, the tenure of a car loan will now be capped at 5...

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Control Your Personal Finance

Posted by on Nov 16, 2012 in Guides and Tips |

Wondering Where To Start With Gaining Control Of Your Personal Finances? Meeting the demands of your life can be difficult at best sometimes. However, when you include your personal finances, the obstacles can increase. There are great ways to make smarter spending and saving choices, if you have the right mind set and willpower. Make a good start by reading on, and find some great advice for putting you on the right financial path. Stay Organized! Organization can be very helpful in personal finance. Organization usually leads to success and being organized in your personal finance is not very difficult. Keeping track of your bills, due dates, and how much money you have can work wonders. Using a calendar and a specific station for all of your personal finance information can help you keep very organized. Direct your emergency savings funds into an account that will give you access to it whenever you want, but you’ll also, earn a little bit from interest. Money market accounts make great emergency savings funds, as do savings accounts with high yields. Be aware, though, that some savings accounts may require a large amount of deposited funds before a high amount of interest will be paid. Not only can you insure your own medical costs, but pet owners may want to investigate pet insurance. These policies can pay for or kick in to pay for vet services once you reach a deductible amount. Veterinary costs can be expensive, so it make sense to insure you pet, the same way you would a member of the family. Do not rush to invest in anything just because someone told you that it will be the next best thing. That is not the truth, because if it was then everyone would be rich. Invest in steady companies and avoid things that are said to help you get rich quick. If you are looking for a way to have ideal finances one thing you need to remember is that there are many high interest investments available. If you have all of your savings put away into savings accounts your money is not working as hard for you as it could. Look for other ways to make more money off of your money, like mutual funds. Never base a tax investment on current tax laws. Do not buy real estate if your turning a profit on it relies heavily on the current tax laws of your state. Tax laws are often subject to change. You do not want to find yourself out a lot of money just because you didn’t properly plan ahead. It is easy to see that with some minor changes, combined with the right attitude,...

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