A Quick Beginner’s Guide to Investing in Stock

History indicates that investing in stock is one of the most exciting ways to build wealth over time. Almost all of the Fortune 400 list of the topmost valuable Americans in the world today achieved their position on the list because they have a large selection of shares in a private or public corporation. Learning not just how to save your money, but how to invest it wisely over time can end up giving you a powerful portfolio for long-term growth.

Of course, just because you’ve finished paying off your loans and you’re ready to start putting your spare cash towards investments instead, doesn’t necessarily mean that you know how to leap into the stock market. In fact, you might be a complete beginner, unsure what investing in stock really means to your financial future. If that’s the case, here’s what you need to know.

The Basics of Investing in Stock

The first thing to learn about investing in the stock market – is that a stock is a share in ownership of a business. Otherwise known as equity or a security, these stocks are issued by corporations that want to raise money for projects and growth strategies. Common stock and preferred stock are the different kinds of investment available today. While common stock allows the stockholder to access a share of the business profits or losses, preferred stock comes with a predetermined payment in the form of dividends.

There are other things that differentiate preferred and common stock, but that’s as much as you need to know for now. The key to success with stocks is understanding how you make your money from regular investments. An increase in stock price caused by the increasing value of the business, and the arrival of dividends are just two of the ways that you can benefit from owning stocks. Because these two values accumulate and grow over time, a year’s investment can lead to a solid return on your cash.[Continue Reading…]

Top Tips for People Who Want to Retire Early

When are you planning on starting your retirement?

A few years ago, most people would have answered with numbers like 60, or even 50 if they were feeling lucky. However, as the workplace becomes more demanding, and it grows increasingly difficult for us to save money outside of our monthly expenses, it might feel as though you’ll be working forever.

Average retirement ages are increasing to 80 and beyond for some people. Although there’s nothing wrong with working when you’re older if you love your job and you’re looking for a good way to spend the day – you don’t want to be forced to work until a late age just because you didn’t plan properly.

The following tips could help you to retire a lot faster.

1.    Know your Goals

There’s nothing quite like a clear set of goals when it comes to keeping yourself and your family motivated. Before you start working on your budget and adjusting your spending, ask yourself what you want to accomplish with your money. Do you want to retire at the age of 40, or would you prefer to go on vacation with your family every year?

Are you interested in living in a big home, or would you mind moving into something smaller if it meant that you and your partner could live without a job for a few years more? It’s all about getting your priorities in check from day one. Decide what matters most to you and build a plan that will help you to move towards your goals.

2.    Compare Everything

When it comes to saving money, every little bit helps. That means that you can’t afford to take prices at face value. Rather than just agreeing to a cost because that’s what’s written on a website or price tag, ask yourself if you can get a better deal elsewhere. More often than not, you will be able to save some money just by switching to a different vendor or buying from a new store.

For instance, when you’re getting an online loan, you know that the best way to save money is compare the different banks and building societies that can give you your money. The less interest you need to pay each month, the more cash you’ll have left over for the rest of your life.[Continue Reading…]

Financial planning for middle-income people. Stop the bleeding!

"The most important thing for middle income people to overcome is their concept that, 'I don't make enough money to warrant the need for a financial planner.' I find it's the opposite. Since you don't have excessive income, it's most important to get … [Continue reading]

My business is having trouble – Why are things going badly?

It doesn’t matter how big, or successful your business is, a start-up, an established business or even if you rule the market at some point you’re likely to have trouble. Sometimes things can seemingly be running smoothly, with a business being … [Continue reading]

Why are Brits so hesitant at switching banks?

They say that Brits are more likely to get divorced than split with their bank. However, why is there little switching? There is even a current account switching service ensuring that direct debits and salary payments are smoothly changed to a new … [Continue reading]

Funding a new business venture

If you are setting up a new business, then you will have many things to sort out. From finding premises to hiring the staff you need and planning your marketing push; your to-do-list will no doubt be lengthy. Of course, this is all part of starting a … [Continue reading]

Why choosing an established trading platform makes sense

Online trading can be a great and lucrative career move for those who make it work. However, there are also risks involved. Whether it’s the inherent risk that the value of your investment goes down as well as up, or the risk that you’ll come across … [Continue reading]

Buying property abroad? Top tips to follow

Buying a property in the UK is a hard-enough task and buying abroad is even harder to manage. From the language barriers that spring up when carrying out a transaction in a non-English speaking nation to the risk that standard property due diligence … [Continue reading]

Portafina Findings on Health Consciousness Could Improve Your Business

Businesses are becoming far more health conscious than they once may have been. This could be because organisations are seeing what implications a healthy workforce could have on the performance of their business. Portafina conducted a survey using … [Continue reading]