Below, we offer some top tips for finding that perfect investment property to either begin or add to your portfolio.Research Your Location – Knowing your location will really help to determine whether it makes a good investment portfolio case or not. You need to look at local house prices, gauge the sense of property confidence in the area, look at the local estate agents and above all really study historical and current information about the locations you are really interested in investing in.Set Your Budget – A really important point to make when it comes to investing in anything is to make sure you outline your maximum budget from the word go, because if you stretch things to far it will make the investment less profitable and could also leave you in great difficulty. Some investors have got greedy over the past few years during the boom and over stretched themselves and are now really suffering, so do not make this mistake and stick to your financial plan.Do Your Comparisons – With the Internet going from strength to strength, property investors have never had things so good, with a wealth of informative websites allowing any property investor to compare prices, learn about locations, find issues and just generally research every part of their investment.Work Out Your Strategy – Investment in property has many associated strategies. There are some investors who want a short term strategy, which means buying a cheap property, renovating it and then selling on straight away, where as other investors look at a more medium to long term strategy where they will buy a property, rent it out and then look to either sell when the price is right or build up a portfolio of income generating company.Use A Good Property Investment Company – Although some property investment companies have caused a bad ripple in the investment waters over the past few years, there are still a wealth of really good investment property firms out there. These investment firms normally have access to some of the best properties and can also often help with the rental side of things, so although going alone might seem more cost effective, in the long run using the services of a competent property company could really reap its rewards.Take Your Time – The final and one of the most important tips, take your time when deciding which property, strategy or area you are going to concentrate on. Any investor will make mistakes, but if you are willing to just take some time and really research your investment and follow the steps above, you have a very good chance of really landing that perfect investment property or investment properties.
If you are an average investor you probably invest in mutual funds. If you have a 401(k) at work you likely own mutual fund investments. How can I say this? Because in the vast majority of 401(k) plans, the vast majority of the investment options offered are mutual fund investments.Mutual fund investments are designed for every-day people. Professionals handle the details for you when you invest in mutual funds. Usually the cost to you is reasonable, sometimes not so reasonable. Read on and learn how to invest in mutual funds and save thousands with no-load funds.The following is a true story and happened just recently. A friend of mine, Jack, had $200,000 in a retirement plan he wanted to roll into an IRA. His retirement plan people hooked him up with one of their sales reps in New York , via telephone. After a 15-minute conversation, this fellow mailed Jack a personalized investment proposal to sign and send back.Jack was confused by it all, so I took a look. Here is what I found. Please pay attention to the following: sales charges, expenses, and service fees.All of the investments were mutual fund investments, from six different mutual fund companies. Also included in the package was a service agreement for him to sign. The following figures are a rough estimate of Jack’s costs for the first year under this plan.Sales charges, averaging 4%, on $200,000…$8000.
Yearly fund expenses, averaging almost 1.5%…$3000.
Yearly fees for services rendered, at 1.5%…$3000.The good news for Jack: the $8000 in sales charges comes right off the top of his $200,000, but he only pays it once. The bad news: the yearly expenses and fees continue year after year, and increase as his money grows.Now let’s look at plan B. I hooked Jack up with no-load funds from the two biggest mutual fund companies in America, and saved my friend thousands. Check out these numbers.Yearly fund expenses, averaging .5 % on $200,000…$1000.
Yearly fees for ongoing services…zeroAll mutual fund investments deduct yearly expenses when you invest in mutual funds. This is your cost for their professional management and other services. Many funds hit you with sales charges when you invest, no-load funds do not. Some folks in the financial services industry try to nail you with extra ongoing yearly fees. The reputable major no-load funds do not.Be aware of the costs involved when you invest in mutual funds. Look twice before you sign a separate service agreement. Save thousands on your mutual fund investments with no-load funds.