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The Best Advice To Start Investing

Since the recession in 2009, it seems like everyone has been scared off from investing their money. It gets overwhelming when you don't really have much of a budget for investment. However, since the future is uncertain, you can try to take some of this advice from the experts and get going!

Start investing now

You have heard the saying "It's now or never." This also applies to investing your money. It is important to get started today rather than later. When you invest even the smallest amount, you can practice it bit by bit before you reach financial success. You will come to realize that you reach the best return when you start small.

You don't need to be an expert

Mutual funds? Exchange trade? If you really don't have a clue about all of these vocabularies, you can start to strike a conversation with someone who does. You can practice, learning by doing, but you need to be careful before making a decision. Once you jump in and get some experience, you will understand the terms commonly used and the steps you should make.

Separate your bank accounts

Even if you are just getting started at working from home, you need to have separate bank accounts: one for your personal expenses and another one for investments. If you have more money, you can also open a deposit account or invest it in property or other valuable things you prefer. Remember to look for the best deals because the fees can take up a huge amount of cash too.

Consider using Quicken personal financial managment software

If you think you have absolutely no idea on what to do with your investment, you can start to consult with an expert. Tax planners and certified financial planners can really help make the most of your investments and save you a lot of money on taxes. You can use a program like Quicken to track your investment cost basis and compare returns against the overall market averages. Before you take the step of investing in a budgeting and financial management program like Quicken, you should ask yourself "Which version of Quicken do I need?". Make sure to choose a version that includes investment tracking, such as Premier or Home & Business.

Investing can be a little scary, but what's more scary is missing out on the opportunity to make a lot of money. The best investment is the one that suits your income and expenses. Also note if you have a few debts to pay off in the next few months as this will help determine what type of investment you should be dealing with. Many resources can help you get a hint on what investments are there to try and which should be avoided when you only have a small budget to invest.

How I Managed To Get My Finances Under Control

I can give you a firsthand experience of how I managed to get my finances under control. Before I knew these secrets, I would spend many days wondering when I would rise up the career ladder to make more money and live a comfortable, stress-free life. You see, one thing that I have so far learned is that it is never about the amount of the money that one has or makes, but it is about how well they manage what they have. You do not need an expert to handle your money for you. You can do it on your own and feel the joy that comes with managing your own money; it is refreshing.

Here are the lessons that I have so far learned:

Lesson 1
Always base your budget on your income and expenses, making sure that never at any single moment should your expenditure be more than your income. List down all your sources of income starting with your main job, part time employment - everything. Be thorough because the emphasis is on accounting for all the money that you make.

Lesson 2
Now list all your expenses from those that are so obvious that you cannot forget like food, rent/mortgage to those you easily forget or tend to assume they are not expenses. The trips you make to play golf, the meetings you have for your social groups and the movies you watch at the theatre. Remember to set aside some money for miscellaneous expenses. Include anything you can think of that is an expense.

Lesson 3
After you have known how much you earn and your expenses, you need to come up with a reasonable budget, work with what is within your means, avoid extravagance. Try as much as you can to get rid of the expenses that are not important. For example, you do not need to go to the theatre every other weekend, make lesser visits.

Lesson 4
Utility bills stress many people but to escape the stress, always check your home for any shortcomings. For example, replace that traditional water heater with a tankless water heater, which consumes less energy. Repair that leaking pipe in your kitchen or laundry room. Only run the washing machine only when you have a full load to reduce energy consumption.

Lesson 5
Your appliances could be cheating you out if a good amount of money every month. Thus, you need to get the best ones, those that are energy efficient. Luckily, the market is flooded with such. You will never regret getting rid of your old appliances. In addition, replace your heating and cooling systems and check on the insulation and the roof.

Use as much of the natural lighting during the day as possible. In addition, use LED bulbs for your home, which use just 35% of what the traditional bulbs use. Well, everywhere you look, you will find that there is so much you can do to reduce your expenses.

Accountants In London Discuss Socially Responsible Investing



Deciding on an investment that is based on personal values and financial consideration is not a new concept in the financial world. However, there was once an idea that was considered so left-field no one believed it would hold any traction. However, it has become one of the most popular investing approaches. More people are concerned with choosing opportunities that are now known as Sustainable and Responsible Investing or SRI. Many accountants in London are offering up this investment opportunity to their clients.

This is a concept that been brewing and developing over the past decade. At one point the focus of SRI was to screen out various companies and corporations that might have been involved in the tobacco industry or defense contracting. While the financial prospects of a company were important they played a secondary role to the values and morals a company held.

In today's world, there is a widespread belief that companies that are focused on environmental and social ideas will be more profitable in the long run. Individuals who focus on SRI are seeking companies that are positioning themselves for success by offering a socially responsible approach. This is an excellent opportunity for individuals who are looking to fill their portfolio with companies that are driven by values as opposed to greed.

How To Approach Good Investing

One of the main elements in good investing is to decide what suits your own preferences. Some basic ways to approach this investing are the following:

- Avoiding specific investments because they may be referred to as "sin" stocks, which typically consist of gambling, tobacco, and alcohol. This can also include companies that are involved in defense contracts and those that have a negative effect on the environment.

- Look for companies that are trying to promote a specific cause. This may be a large cause like looking out for the overall health of the planet. While other companies may promote specific social stances such as women's rights.

- Another option is to look into specific industries that address long-term issues such as renewable energy and proper water usage.

While you may have an interest in a specific cause it does not mean that you have to compromise your financial objectives. The most effective SRI strategies are those that take into consideration the financial objectives of the company along with their general ethics and causes. The basic premise of SRI is finding a cause that you believe in that will help you make a profit while achieving long-term financial goals. These investments give you a sense that your finances are doing a greater good as well, which is important to many people.

How To Pursue Your Own SRI

You do not have to be limited to stocks or other investments to be socially responsible. There are mutual funds that offer unique approaches to responsible and sustainable investing.

Many of these stock mutual funds center around the specific actions of many companies. You can also look into bond funds that are used to invest in debt issued by corporations and governments and are aimed are creating positive social and environmental development.

If you have a pension plan at work, you may be able to achieve SRO approaches within its portfolio. You may also consider a direct investment in community-based organizations that use the funds to pursue its goals and will pay investors a return over time. You can talk to accountants in London for more specific ways of aligning your funds with SRO involvement for achieving your financial goals.