All Posts in "Capital Investment"

IdeaPros Explores the Benefits and Drawbacks of Starting a Business While Working a Full-Time Job

Starting your own business is an enticing prospect; it enables you to have flexibility and control over when, how, and with whom you work. The ability to be your own boss and hold your working life in your own hands is a great feeling. However, being self-employed is a risky prospect, which is why many people start businesses while remaining in their full-time jobs. IdeaPros, a firm composed of veteran business executives, examines the pros and cons and the questions that come to mind: How does this work in real life? What are the benefits and drawbacks of this approach? 

IdeaPros Explores the Benefits and Drawbacks of Starting a Business While Working a Full-Time Job

Benefits 

There are some excellent benefits to maintaining your full-time job while trying to start your business, including:

Peace of mind

Perhaps the number-one reason that people stay in employment while starting their own business is financial security. If anything should go wrong in your business, it is good to know that you have a safety net and stable income to protect you and your standard of living. Having a job can also be beneficial from a networking perspective, as your employer can sometimes help introduce you to potential business contacts. However, you should always be careful not to cross any ethical or legal lines if you are going to be working on your business during work hours on your regular job. 

Develop new skills

Running a business while working elsewhere forces you to practice time management, project management, and due diligence. These are valuable skills which are transferable … READ MORE ...

Ronnie Jackson by — January 17, 2019 in Capital Investment
George Campolo, Award Winning Associate Real Estate Broker, Shares 4 Serious Financial Mistakes That Can Stall the Home-Buying Process

George Campolo, Award Winning Associate Real Estate Broker, Shares 4 Serious Financial Mistakes That Can Stall the Home-Buying ProcessSo, you’ve found your dream home at a great price. You’ve lined up your mortgage with a pre-approval, and it looks like your home-buying journey is nearly over. However, it’s a mistake to think you’re in the clear.

Until the purchase is completed and all the documents are exchanged, it’s still possible for plenty to go wrong. Some of the risks are out of your control, but here are four financial mistakes that George Campolo, a winner of the 2016 & 2017 RE/MAX NY Region Executive Club Award, suggests you avoid if you want your new home purchase to go without a hitch.

1) Applying for Credit

From the time you apply for your mortgage, until it is paid out to the seller and the closing is over, DO NOT apply for any new sources of credit. Getting a new credit card or buying a car could potentially change your credit score enough to disqualify you from your mortgage approval.

At best it could cause delays while your application is reevaluated, at worst, NO loan, NO new house.  Remember, a mortgage pre-approval is only an offer in principle. It’s not a cast-iron guarantee that you’ll receive the loan no matter what else happens along the way. The lender will run your credit in the beginning of the process to issue your preapproval, but did you know that the lender will run your credit again a day or two before you close?  ANY change could blow up your purchase. … READ MORE ...

Ronnie Jackson by — November 1, 2018 in Capital Investment
An Overview of Financiers of Hard Money

When looking to invest in real estate, you will often need to finance the properties that you are looking to acquire. Fortunately for investors, there are many lending options that they can choose from. One of the financing options available to investors is hard money loans. There are loans that provide investors with a way to borrow money without using traditional mortgage lenders. Hard money loans are usually funded by an investor or a group of investors. With hard money lenders, investors who are looking for immediate financing that they can pay off quickly will benefit from most when looking to invest in real estate.

An Overview of Financiers of Hard Money

Terms

Like all other types of real estate financing, there are terms that come with hard money loans. Whenever you are looking to get a hard money loan, it will be important to consider the fact that these are short term loans. This means that you will likely be expected to pay back the loan within six months. In most cases, you will want to use a hard money loan when you are looking to buy a property and then sell it within 30 days. As a result, you will be in position to pay it off in a timelier manner.

Interest Rate

One of the most important things that you will need to consider when seeking a hard money loan is the interest rate. Hard money loans are usually offered with double digit interest rates. As a result, you will likely be … READ MORE ...

Ronnie Jackson by — October 27, 2018 in Capital Investment
Why Buy Platinum Bullion

Investing in precious metals has proved a rewarding way to maximise the potential of savings. Like other investments prices of precious metals can go down as well as up.

Why Buy Platinum Bullion

Availability

Like silver and gold, platinum has to be mined from the earth. There is less platinum out there to be mined than there is gold and silver. This makes it harder to find and extract, pushing the price of platinum up. Historically platinum has sat at the top of the tree of precious metals. Rings using platinum for settings have been more expensive than gold, it has industrial uses (for example in catalytic converters in motor vehicles) and we still rate platinum credit cards above gold.

Unfortunately platinum’s price has not remained as high as one would expect.

Rumour and speculation can affect the price of platinum and one that circulated recently was that the Chinese were going to mine asteroids for platinum! It’s easy to see that such a scheme isn’t going to come to fruition any time soon …

Supply and demand

Platinum has a range of industrial applications and this is one factor that has helped keep prices high. When demand for platinum in such applications falls, so does the price. The price of platinum is therefore directly linked to the ups and downs of the global economy. Just as demand can fall, it can also rise again, which is a clear indicator of the need for potential investors to keep a close watch on movement within … READ MORE ...

Ronnie Jackson by — August 18, 2018 in Capital Investment
ELSS: The Wise Investment

ELSS: The Wise Investment

With the ever-increasing expenses, we often tend to look for a second income. It is these alternate incomes that allow us to have all the luxuries and comforts of our life. The market today is flooded with various financial instruments that appear lucrative to every investor. However, it is imperative to choose the one that is in sync with one’s financial goals and objectives, and that’s where the Equity Linked Savings Scheme (ELSS) come to the forefront.

What are ELSS?

Equity-linked savings scheme popularly known as ELSS are close-ended, lock-in period of 3 years diversified equity schemes offered by mutual funds in India. They offer tax benefits under the new Section 80C of Income Tax Act 1961.ELSS can be invested using both SIP (Systematic Investment Plan) and lump sums investment options. There is a 3 years lock-in period and thus has better Liquidity compared to other options like NSC and Public Provident Fund. ELSS is considered one of the best tax saving instruments.

Why should you invest in ELSS

1.Shorter lock-in periods:

The best part about investing in ELSS is the, among all the tax-saving schemes, they offer the shortest lock-in period. The three year lock-in period allows the investors to save and earn good interest on their finances. It also offers the investors the liberty to update their portfolios from time-to-time to make the most of the current market trend.

2.Plenty of options:

The ELSS also presents its investors with a plethora of options to invest in. Each option … READ MORE ...

Ronnie Jackson by — August 14, 2018 in Capital Investment