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Things you need to know before buying a house

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Buying a house is a big step in the life of anyone. Especially if you are one of those people who had to work really hard for it, and not the ones whom their parents are rich to the extent that they can buy them a house. Moreover, buying a new thing, anything, can be a great investment opportunity. Here are the things that you need to know before buying a new house.

You Don’t Have to Buy a Home

Carmencitta MAgazine - things you should know before buying a home 2In many cultures, homeownership is a given, just like getting a college education, getting married, and having kids. In fact, property is one of the most reliable investments you can make. However, we noticed that, depending on where a person lives and his or her lifestyle/plans for the future, renting could be better. This is why, before you buy, look further into your situation and your plans for the future.

If You Do Buy a Home, Plan to Own It for Several Years

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Of course, when we do so, we always have that thought in the back of our minds: “I can sell it or put it for rent anytime I want” however, this is not as simple as it sounds, and the act of owning a home needs thinking long-term, rather than short-term.

Buy As Much Space As You Might Need

Carmencitta-MAgazine-things-you-should-know-before-buying-a-home4When people who did not get married yet, think about buying their new home, they think about buying a small one at first, and after they get married, they buy the bigger one that is appropriate for a family. However, this might not be a good idea, because you do not want to live in a small place, and after a while get surprised by your girlfriend pregnant with twins. In fact, you can think about investing your money on a place that will fit for a family, even if you are not married. However, be careful not to buy too much space.

Tips on How to invest

An investment is when you buy an asset or an item and having the hope that the thing bought will generate money and income or will have a greater value in the future. In another words, economically, an investment is when you purchase goods that will not be consumed the moment you buy them, but will used in the future in order to create wealth. Keep on reading so we can give you some tips and tricks on how to smartly invest today.

You have to Know Why you are investing

 There are too many reasons why investors today do what they do; they can be investing for capital protection, returns, risk diversification, capital appreciation, pure safety, or hedging.

Stay away from DIY Investing

In fact, you have to be alert when it comes to investing. The act requires you to be alert about the state of your investments and needs active participation from your side; a thing that not many people can achieve.

                                                                                                   

Not Actually Investing

Investing is when you buy something for a long-term revenue. Do not expect that you will get returns in the short term. This mistake most people do, and end up trading in the short term. This is when investment is lost, and it turns to trading and speculating.

Tips about stock

Do not take any tips from someone who is not in the place of giving you advice. However, make sure that you don’t invest without doing your own research.

 Ask the Right Questions

These questions are too important. Why should you invest in the stock? Is it the right thing to invest? Do you know enough about the company that you are investing in? These questions are forgotten when some people invest for the first time.

Sometimes, things look cheap, but they are not

Judge the true value of a stock by how much it will get you in return.

How to invest in REITs

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A Real Estate Investment Trust, or for abbreviation, a REIT, consists if a company that owns or/and finances real estate that produces income. Modeled after mutual funds, REITs has the ability to provide investors of all types with a regular income stream, as well as diversification and long-term capital appreciation. Are you considering investing in REITs? Keep on reading as we guide you through the best steps to do that.

Determine if REITs are right for you

 

 Carmencitta Magazine - How to invest in REITs 2A REIT consists of a share of stock that exists in a real estate venture. Moreover, its role is to put the money of the investors in order to buy, sell, develop, and manage properties. In fact, the law orders that the trusts need to have more than 100 investors, which means that, by putting a small amount of money, you can be investing in a very expensive property. This means that if you want to invest in real estate without the risk or initial investment of more traditional forms of property investment, an REIT is your best option.

The different types of REITs

 

 REITs are classified in multiple ways, it depends on the assets or geographical areas that they invest in. this is why, before you purchase one, you need to know the investments that it is involved in and consider the coming performance of those markets. Moreover, the first type is invest in big real estate properties and distribute earned rent or profits to investors. The second one, mortgage invest in mortgages by loaning out money or by buying existing mortgages. These funds are more sensitive to interest rate changes. Last, invest in both mortgages and properties.

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Purchase shares of REITs

 

You can buy and sell REITs on public exchanges. However, you can also buy mutual funds as well as traded as part of Exchange Traded Funds (ETFs). All of these investment vehicles can be bought and traded by contacting your stockbroker or investment professional, or by using an online trading platform.

 

The Hong Kong and Shanghai Banking Corporation

In 1991, The Hong Kong and Shanghai Banking Corporation, based in London, established a new group holding company. They called this new foundation: HSBC Holdings plc. Today, this multinational banking and financial services company with total assets of US$ 2.67 trillion, is ranked number 4 in the “world’s largest banks by total assets”. This Bank’s first branch was made in 1865, in Hong Kong, Shanghai. This is where HSBC initials come from:  Hongkong and Shanghai Banking Corporation.

Locations

Hongkong and Shanghai Banking Corporation has about 6,000 offices divided into 71 countries. These countries are located in North America, Asia, Oceania, Africa, Europe, and South America. Furthermore, HSBC has over 60 million costumers which made it 2014’s world’s sixth largest public company.

Services

HSBC’s services are divided into 9 categories:

First, Consumer banking. HSBC gives its services by a bank to individual costumers rather than companies and groups.

Second, Corporate banking. A commercial bank that has to do with loans and deposits.

Third service, Investment banking. It helps people and governments raise their financial Capital.

In addition, Mortgage Loans services. They provide people with money to buy property by making some legal securities that allow them to put hands on one of your already owned properties.

Furthermore, the Private Banking services. Assistance given to people with a high net worth.

Next, we have the Wealth Management services. They help you and advise you on how to manage your wealth, taxes, and all the other legal papers.

Moreover, HSBC offers the Credit Cards services. HSBC gives you a card that allows you to pay for goods by promising that you will pay them back.

Finally, Finance and Insurance services. An economic service given by the finance industry which covers a big number of businesses that manage money.

Ill fame

Recently, HSBC has been known for being famous for the wrong reasons, such as, laundering money for Mexican cartels.

 

How To Start A Business

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Nowadays, entrepreneurs all over the world, plan to have their own businesses. In fact, owning a business is a hard journey that needs a lot of hard work, and many entrepreneurs end up failing the task. However, if your company ends up with success, you will feel that all the obstacles you went through were worth it. Here are some tips on how to start a business.

Carmencitta Magazine - how to start a new business 1Build a business plan

Once you know what kind of business you want to open, you need to start thinking about the purpose of your business, the target group of people you will be selling to, money providence, the cost of your startup, and your end goals. In fact, it is best to write those questions in a neat business plan, and answer them after thorough thinking.

Assess your finances

Carmencitta Magazine - how to start a new business 3Every business start needs a certain amount of money. This is why, you will need to gather up some money and put them aside. In fact, even though you will use the money from your bank account, you might also need to borrow some. Before you do so, ask about the bank that fits your requirements.

Register with the government

Carmencitta Magazine - how to start a new business 4In order to become an officially recognized business entity, you have to register with the government. In fact, this can be a hard thing, but you have to do it. Moreover, you will need “articles of incorporation” document that has: your business name, business purpose, corporate structure, stock details and other information about your company. However, if you do not make this step, you will be illegal, and if they catch you, you will lose everything.

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Brand yourself and advertise

In fact, when you plan your startup, you need to advertise. People will not know about you if you do not tell them. Moreover, social media is a great way to do that, and all you will need is some marketing experts.

 

Advantages of a savings account

Carmencitta Magazine - savings account

A savings account is something that gives you interests by putting your money in a bank or in a financial institution. Moreover, banks may only let you take out a certain amount each month from your account. However, a savings account can be very beneficial in the future, and may give you the ability to save money without even noticing. Advantages of a savings account will be provided in the following article.

Protection

Almost all banks and financial institutions have an insurance. This means that whatever may happen in the future, your money will still be there, and you can take it back.

Constant access – keeping the money liquid

Some banking accounts cannot be accessible any time you want. However, the money in a savings account can be accessible by you anytime you desire. This is a good thing because in a case of emergency, you can take all of your money.

You can be an investor

Without you knowing it, opening a savings account makes you a small investor. In fact, savings account can be opened for a small amount of 25$! Whenever you deposit the money, you will start getting a small interest on the amount deposited, which will make you an investor!

Your money is insured

You can be assured that the money you put will be safe and secured. The difference between a savings account and a piggy bank, is that when you keep your money at home, it can be easily stolen and you will not be able to take it back. However, in a bank, once they secure your money, if they get bankrupt, you will still be able to get your money back.

It’s not hard to start

In fact, a savings account is one of the easiest and fastest things you can do in a bank. It takes a small amount of your time and a little bit of paper works.

 

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