Pos

Cleaning Out Your Documents: What to Keep and What to Discard

Gambar
Are you doing a financial spring-cleaning this year? Scan your papers to keep an electronic bank of valuable documents. There are certain steps to observe according to the kind of expense, asset or transaction; but, in general, make sure that your digital files of your records are as legible and accurate as your hard copies and also as easily accessible when you need them.
So, what documents do you need to save or discard? Here is a rundown:
Taxes – You may need to keep your tax documents while the statute of limitations applies. These will include the following: W-2 and 1099 forms, invoices, receipts, cancelled checks, mileage logs, proofs of payment and other records pertaining to deductions, income or credits claimed on your return.
Student loans – Never ever discard your student-loan master promissory note because it the legal support for your loans. Keep it until the time you have repaid the debt.
Credit cards – It is wise to keep credit card statements for as long as 7 years.
In c…

Determining What Kind of Investor You Are (Part 2)

Gambar
A Professional’s suggestions on How to invest for your character 
How does an investor balance his or her portfolio with the risks?
Richard Flax, chief investment officer at Moneyfarm, suggests: ‘We will adjust the contents of the portfolio according to the investor profile. That essentially requires adjusting the values of higher risk assets (such as, equities and commodities) and lower risk assets (including, government bonds and cash).
The risk exposure in an asset changes according to how a client responds to risk, allowing a target level suitable for every profile.
Any investment approach must look forward and backward, considering various risk metrics, such as volatility and drawdown, and creating portfolios founded on projected gains and past risk parameters.
Why diversification and time are important
Investors need to diversify but must avoid being overly diversified. Many people in the UK invest in a single stock or just a few stocks, depending only on a few firms and experie…

Determining What Kind of Investor You Are (Part 1)

Gambar
Many investors have no idea of what kind of investor they are. Instead of dealing with the question early on, they plod along with no idea what they are and what they are doing wrong.
This question is vital in finding out what your goals are, how you handle risk and how you respond to gaining or losing money – factors that greatly impact your investments.
Understanding these factors will help you avoid errors in choosing your investments. This will not only spare you from going through restless nights due to taking so much risk but also from losing bright opportunities to gain significant wealth.
Let us look at five various kinds of investor to help you appreciate the importance of this matter.
The conservative investor
The conservative investor is one who takes great effort in charting his or her course and safeguarding his money. Such type is a safe player, always concerned about gaining a better gain compared to merely holding on to cash; although this individual is content with be…

Six Tips on Effective Long-term Investment

Gambar
Keeping your money in bank savings accounts at present will produce negligible interest rates. Hence, leaving all your money in banks may give you considerable safety but not much growth. On the other hand, investing your money in stocks may bring higher returns; but the risks are much higher. And you could actually lose part or all your money at times. 

Try these few easy rules to help you remain strong in the market and gain big returns through a large long-term stock portfolio:
1. Spread your investment. Diversification distributes your risks through a number of stocks in various markets as well as in bonds, mutual funds and other instruments. Follow a rule of thumb such that each instrument or stock should not be more than 10% of your entire portfolio. Likewise, try to invest in diverse national regions, Asia, Europe, US and rising new markets areas. Also invest into hedge funds, commodity funds and property funds. This strategy provides a safeguard against any failure in any speci…

Three Investment Tips from Warren Buffett

We all know who Warren Buffett is and what he has achieved as a phenomenal investor. More than that, however, he is also a good story-teller and an effective teacher. For fifty years, he has essentially painted his company, Berkshire Hathaway, to become a gigantic mural showcasing the numerous investment styles and management strategies he has implemented.
Every year, Buffett writes to Berkshire Hathaway shareholders in his capacity as chairman and chief executive, continually strengthening his reputation as a leading investor. Let us consider three valuable tips contained in his latest letter:
1. Fees can do you in
Less than a decade ago, Buffett wagered that passive index fund would surpass several hedge funds. He is way ahead by a wide margin on that bet, even as early as a couple of years ago, that the bet was effectively settled before the ten-year deadline. Buffett explains it this way in his letter:
"Although most managers at both levels were honest and smart people, the r…

Devin Consultants Financial Management in Singapore and Tokyo’s Clients

Gambar
At Devin Consultants, Our Clients Come First
We commit ourselves to the mission of offering and making available professional financial solutions and investment services to all people. We stand by the principle that by placing our clients' interests first and foremost, reducing complicated investment matters in simple, understandable words, and assisting individuals in need, we will achieve our mission.
Investments Planners with One Philosophy
Each and every member of our financial team undergoes stringent training in administering Devin's main philosophy, which is founded on sound academic research and modern Behavioral Finance.
Every one of our planners believes that all people, whether wealthy or having average income, deserves excellent financial counsel and planning guidance. With any of our professional experts, you can trust that YOU ATTAIN THE HIGHEST BENEFITS ABOVE ALL and derive the best experience with Devin Consultants.
Begin Planning your Financial Security Today
Ou…

Essential Needs of Devin Consultants Financial Management in Singapore and Tokyo

Gambar
Creating More Wealth to Meet Your Essential Needs
Devin Consultants carries the fiduciary mandate to serve your needs as a top priority. Hence, we ask a minimal annual fee according to the value of your assets, not the transactions. That is, we do not demand commissions or third-party payments - removing a possible source of conflict of interest often seen in the investment industry.
What are your needs?
Right at the start of our relationship, we collaborate with our clients directly. Particularly your leadership, in order to evaluate the following essential matters:
• Strategic plan • Short- and long-term goals • Top priorities • Mission statement • Yearly budget • Legal and financial structure of the organization • Other pertinent issues
The information we get from you will be used to effectively manage your assets. The following procedure will utilize your information to build, institute and manage a financial plan tailor-fitted according to your goals and needs:
1. We undertake a me…