Friday, December 30, 2011

Simple investment tips

Investment tips are often the simplest ones - and yet, it's amazing how many people overlook the basics.

Understand why you want to invest

Investment is not an option it is a necessity. People do investments to meet their financial goals. Everybody has their own personal financial objectives of life.

Investing is a way of using money to make more money. Investment purpose mainly centres on financial security since you cannot be assured that you will be able to work forever, and more people don't want to. It is a way of making sure that even after retirement you still have a source of income that will sustain your way of living. There are risky as well as risk-free investments, and with any investment where risk is involved, you'll either loose or gain money.

There are many types of investment that you can choose from, and one example is stock investment. Investing in stocks is preferred by many people because it may give higher returns much quicker when compared to bonds and real estate. If you hold a stock for a year or more before you decide to sell it, instead of paying your standard rate, you'll only be taxed 15% which is a long term capital gains rate. It is also easy to diversify provided that you invest in a variety of stocks. This way, it will not create a very big impact if only some of those investments go down.

Sunday, December 04, 2011

Personal Development Self Help

One of my friend forwarded to me an article written by Jim Rohn titled ‘The Miracle of Personal Development. It was such a very interesting and thought provoking piece and I hope you will enjoy it.

One day my mentor Mr. Shoaff said, “Jim, if you want to be wealthy and happy, learn this lesson well: Learn to work harder on yourself than you do on your job.”