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Why do You Need Insurance for Business?

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For any type of business, it is essential to make sure you have enough insurance cover for your needs. That means that you will have to get in place various types of insurance cover no matter what type of business you run. There are many different types of insurance cover to suit many different business needs and it is imperative that you get the correct cover.

If you are unsure of the amount of cover or the type of cover that your business may need then you will find that many of the insurance companies will have a 24 hour help line where a trained insurance advisor will be able to help with your needs. They will be able to advise on the type and the amount of cover for your kind of business.

If you are a landlord and have a property business then you will need specialist insurance to cover all your business insurance needs. Some companies offer an insurance tailored especially for landlords and their property portfolio. It is important that the landlord is able to protect his property investment, if you own property and rent it out for payment from tenants then you will need more than the average home insurance to cover all eventualities.

Some companies offer a very comprehensive cover for landlords that include property owner’s liability up to £10million, insurance protection for up to 10 properties in your portfolio, cover to rehouse your current tenants if there were a fire or flood. There are also glass and key replacement if windows are broken or if you lose the keys to your properties. Peace of mind is the essential thing that a landlord needs when they have a property portfolio.

Retail shops will need to have insurance for business that is specially tailored for their type of retail business. It doesn’t matter whether you have a franchise or a small independent shop you will find insurance cover that will suit your business needs. There are all kinds of cover for retail premises including cover for any theft from employees. Most insurance companies will be able to offer you retail insurance for business that is tailored so that you only ever get and pay for insurance that you need.

Besides the usual employers liability insurance and public liability insurance needed for a retail premises, there are also many other retail insurances including bankrupt interruption insurance which is for a business that loses all its working stock in a fire or flood. There is also terrorism cover for retail stores too.

Insurance for business can also include optional extras. There is also optional insurance for all your business equipment by AXA business insurance for example, as some business equipment that is used on a daily basis might need replacement if it is stolen or damaged.

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Your Questions About Investing Money

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Charles asks…

Best way to invest money for a teenager?

I’m 17 and I’m looking for whys to invest money. A few people have suggested CDs and with a 5% turn around its not all that much and frankly not worth my time. Somebody else suggested the stock market (I have a general idea on how this works but is it a good investment) Is there any other ways I could invest my money for the future? Thanks!

Justin answers:

What you should do is take your money to the bank and buy a savings bond. Once you put your savings bond in the bank it will gain intrest over a few years and when you might need money you will have gained like twice what you put in to it.

Its a good plan, its what i did.

John asks…

How do you invest money without stocks?

I don’t understand the whole stock thing, so i got to thinking: how ELSE can one invest money for the long haul as well as short term?

Would EE bonds be a good way to start? How else should I invest without stupidly risking my money?

Justin answers:

You can invest in gold, silver, bonds, CD’s or Savings bonds. If you are looking for safety, savings bonds are the safest. If you invest in regular bonds, you have to know what you are doing. EE Savings bonds are a terrible investment, very little return, BUT your money is safe.

Steven asks…

Is there any safe place to invest money that cannot be grabbed by collection agencies?

Other than putting cash under my mattress, is there a way to invest money without the risk of collection agencies and collection lawyers getting it?

Justin answers:

Your retirement (401k, IRA) accounts are safe from creditors. You could increase your contributions to those accounts.

Mark asks…

Does anyone know the proper steps to invest money in the stock market?

I’ve been hearing lately that due to the way the economy is running it is a good time to buy stocks, but i dont know the proper steps to take to invest money in stocks.

Justin answers:

Easiest way is to open an account at any one of the online traders (ScottTrade, eTrade, Sharebuilder, etc.)

You deposit money into your account. Then you decide what stocks you want to buy and place an order for them. Within a short period of time, you’ll own those stocks. They’re yours until you decide to sell them again.

Remember that each trade (buy/sell) you make costs you a fee. Online brokers typically charge about $10 per trade.

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The Canadian Model: Ontario Teachers' Turns Pension Investing on its Head

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The Canadian Model: Ontario Teachers' Turns Pension Investing on its Head

Direct Investing. Instead of engaging consultants and farming out its investment management function, Ontario Teachers' does almost all of its investing in house. This extends beyond just equities and fixed income, and includes private equity, real
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Investing in a Actual Estate Management Company

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The rising costs of residing have lastly taken its toll on you. You have another villa in a various component of the town and you just do not have the time to appear after it properly. You could have easily leased it out to others and managed to make a significant amount of money in the procedure. Forget the query of letting other people stay at your villa for a fixed sum of money for each month. Finding out other individuals who are interested in staying in your villa is not a piece of cake and it demands a great deal of time. If loosing that sum of money is not sufficient, adding insult to injury are the expenses that you have to bear from your fixed earnings to fix the villa. If you are a faint hearted man this task is not for you. You seriously require to check out with a real estate management company.

Many people believe that they can consider care of their villas all by on their own and that finding out new people who will be remaining in the same for a certain sum of money per month is not to tough both. There are so numerous ads of such individuals who are looking out for places to stay in the locality where you villa is situated. All you need to do is scan a few of these ads, call up a few potential people, complete the paper work and then hand more than the keys to them. This appears so simple that it seems you will be losing money by investing in a actual estate conduite business.

Why pay someone else for the duties that you can do for yourself. If you do not know the rules and regulations, you have the web to help you out. All the laws that pertain to leasing out your villa can be discovered out on the web in a few minutes. It will just cost you a few minutes and these couple of minutes are worth the thousands of dollars you might have to invest if opting in for a real estate conduite business to appear following your villa. This way of pondering is not correct. At the finish of the day you will be loosing out money rather than gaining it.

Just sit down and do some difficult calculations of how a lot it will price you to go in for the professionals from the actual estate management company. Next check out if you can do all the function that a expert group is performing, all by yourself? Do not be fooled. It is not feasible. You do not have any inkling of the rules, you do not know about any potential people who may be interested in remaining at your place, you have by no means offered a believed that this job entails remaining at the villa for 24 hrs a day, however you are attempting to act smart. If every one could take treatment of their own villas, there would be no cause for the real estate management business to set up shop. Your boss is spending a good sum of money to keep a professional accountant like you. He too could have found out much more about accounting on the net and could have carried out the task by himself. But he is intelligent. He knows it pays to invest in experts.

Make sure you visit and

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Your Questions About Is It Good To Invest In Diamonds

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Richard asks…

How can one turn a million dollars into REAL income?

Whats the best strategy for a lump 1,000,000 tax free sum and turn that into wealth and residual income? Real estate? Investing? Market? Banks? Business? Foreign curency? Ive read so many reports Id love to get someones insight thanks!

Justin answers:

First of all, their is no “Best” Strategy. There is strategies depending on the amount of risk your are comfortable with and how much annual income you would like to make. Assuming you want to have a relatively safe and consistent stream of income, this is what I would do:

1. Put all money either in treasury bonds or a bank account. This serves two purposes. First, it “freezes” your money. This is important because it gives you time to think about your future and assuming you are not a financial expert, give you time to learn as much as you can about the different ways you can invest (there is no time limit for this: take as much time as you need, and helps you not be tempted to be an impulsive spender (Cars, diamonds, ect..). Secondly, it allows you to make some interest off your money while you think.

2. Personal Finance Planner. This can be done several ways, but either you find someone that you can trust to help you manage your money, or do it yourself.

3. Diversify. You are going to want to invest. Diversification helps protect you from one of “those” days, where the market crashes, a terrorist attack happens, ect. You should not just invest in one thing (Going back to diversification). Bonds,stocks, real estate, are the three that I feel most comfortable with.

With bonds, you should have a “basket” ( a group of bonds) that are highly rated (No less than an A rating). Certain types of bonds (corporate and municipal) can be tax free. This is what a lot of financial advisors that help the uber wealthy (celebrities, athletes, ect) do for their clients (You can use Merrill Lynch, Charles Swab, Goldman Sachs).

Stocks. This is where it can get interesting. First and foremost. If you do not want to pick your own stocks, and want to have someone else manage your portfolio (mutual funds, hedge funds,ect.), you need to be an educated client. As I said earlier, learn as much as you can about the subject.

Assuming you are picking your own. You should have no more than 5 stocks, that you do at least an hour of homework per stock per week (Jim Cramer). This allows you to get to know your stocks intimately, and not get overloaded. I personally agree with the majority of his advice, so I the essence of saving space, read his books, and draw your own conclusions. Personally, with the way the market has been acting, you should consider some constant dividend paying stocks (shown to beat the market).

Real estate. This has everyone scared out of their mind. This should not be taken lightly, and should be considered after you have a decent annual pay from stocks or bonds, and again have decided if you want to do this by yourself, or have help.. It has become a buyers market.

I personally like the buying apartments route, because my father owes several, and I know how the system works, but everything from single family homes to parking lots work well. The basic idea is that you don’t really want to buy property outright. It strips you of to much capital (money) that could be put to better use. You want to find real estate that will pay for itself over a period of time.

Apartments fit into this description, where you receive monthly rent from tenants. The goal is to have the rent pay for all of your liabilities (insurance, mortgage, house maintenance, paying (if you choose to have someone do this for you) a property manager) and still have money left over for you to to as you please with it (buying more property with it never hurts).

In conclusion I offer some pieces of advice.

1. If you want to get wealthy, keep yourself from getting poor.

2. Knowledge is power. The more you know, the less you can be fooled my thieves wanting to trick you out of your money, and the more control you can have over your money. Learn as much as you can.

3. Be careful with trust. When you have become educated on these investing ideas, you are more knowledgeable about what is going on with your money, and can be a better client. Don’t trust just one person with all your money. Diversify (as in people helping you invest your money). Be consistent in checking up on whoever is managing you money on a regular basis and make them tell you everything that is going on with your money (how they are investing it, what they are investing it in, how much money they are putting into it..) and have them explain anything you do not understand. If a money manager tells you something is not important, or that you don’t need to know it, fire him/her and hire someone else.

4. Use common sense. Simplicity is best. Don’t invest in complicated schemes that you don’t understand. Same goes with stocks, bonds, and real estate. If you can’t understand what it is, how it works, or how it can make you money, don’t invest in it.

5. Don’t get greedy. Pigs get slaughtered.

Good luck and if you need clarification, feel free to email me.

Ps. If you really are investing 1 Mil and do make money, feel fre

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Investing in Gold is a Poor Concept – 3 Factors

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Investing in gold has been a popular investment proposition for many investors. After all, gold carries on to attain all time high many thanks to currency instabilities in the Euro zone as nicely, much less recently, American economic (and, again currency) boueux. Of course, gold offers some balance to one’s forex portfolio. So as a hedge to forex, it may make perception. But definitely not as a long-phrase investment in an individual portfolio.

There are presently many reasons why people ought to avoid investing in gold, even as a speculative, brief term investment. However, these are the 3 most common reasons why gold is actually a bad investment at this time:

1. The largest gold reserves are owned by Trade Trade Funds. Given that the largest holders of gold are ETF’s, the perception is that there is a great deal of retail speculation in this metal. When speculation pushes any asset’s cost up, it becomes unavoidable that the price will eventually correct and usually with heightened volatility.

The problem with gold is that as traders start dumping their ETF’s, the fund by itself will require to find purchasers, whether or not nations, other ETF’s, and so on., which will only buy if the price is considerably discounted. This poses the potential for gold costs to drop both dramatically and drastically.

2. No fundamentals to Assistance. The latest trigger for gold prices to rise has to do with Greece. Even though the crisis in Greece definitely has the possible to spread, investors require to remind on their own that the Greek economic climate represents roughly 3% of the total Euro Zone economy. With this in mind, buying gold to safeguard against a collapse of the Euro is unfounded. With that in mind nevertheless, the Euro is anticipated to continue its downward route, but there are better, much more efficient hedges to the currency than gold.

3. Unpredictable and unsatisfactory returns. In 1980, gold was valued at $850 per ounce. More than the twenty many years because 1980, gold has returned just 1.94% per year offered the newest market highs. Similarly, since 1985 where gold was worth $284 for each ounce, it has returned ten.35% for each yr. Whilst this is fairly the difference, it is by no indicates magnificent offered that numerous equity investments have carried out that, if not more, while incorporating much less danger.

While these are just 3 reasons why investing in gold might not make the most sense from a long-phrase investment standpoint, there are numerous other people. Therefore, traders who insist on holding this precious steel in their portfolios are strongly urged to make sure their holdings are minimal and actually match within their overall asset allocation.

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Investing in an Apartment Complicated

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When buying an apartment complicated for the first time you initial want to discover the correct investment for you. This indicates doing your research and evaluating the investment before you make a buy. Like any other main monetary commitments, when purchasing an apartment complicated you ought to know what you are getting yourself into and have a strategy for success.

1 of the main issues you should consider and evaluate before investing in an apartment complex is its location. Place is a important factor for renters and the good results of your investment relies heavily on this factor. Prior to you purchase, you should evaluate the apartment complex’s proximity to major work hubs, quality of the close by colleges and general appeal of the region. These are all functions your possible residents will consider into account prior to they even consider signing a lease.

Prior to you purchase, you should also attempt to foresee possible problems relating to tenants. Even though late lease payments and evictions are not something you can plan for, you can assess some of the problems that may already exist by taking a appear about the house. If balconies are becoming used as storage areas, some tenants are blaring loud songs or trash disposal is a issue already that indicates it will most likely still be a issue after you buy the house. You need to evaluate how you will deal with existing problems. Also, if you are planning on making improvements to the house and therefore raising rent, you should evaluate if this will result in an increase in vacancies.

One obvious factor you ought to evaluate before you purchase an apartment complicated is the situation of the property. A house built before the 1990’s will most likely require some renovation in order to preserve an appeal. You require to think about issues like renovations, beauty and main repairs, and landscaping. If a cost tag seems too great to be accurate it most likely is. Repairs or issues that are not visible to the naked eye can drain your pocket book and flip your investment into a pricey error.

Overall, when you’re evaluating a possible house that you would like to commit in you ought to look at the apartment complex with the exact same judgmental eye as a possible resident. Would you want to reside in that apartment complex? Does it provide the exact same advantages and facilities as the complex down the street with comparable rent?

These are just a few of the things you should consider if you are searching to commit in an apartment complicated. For initial time purchasers it can be an overwhelming experience, but if you do your homework and are ready to consider on the duties of owning an apartment complex then it can be an investment that is very worthwhile in the lengthy run. Apartment complexes are investments, that when managed properly, can spend handsomely. Following all, everybody needs someplace to reside.

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