Investment Strategy

By Stephen Hauptman

People say that life is like a game. Or in some cases, a box of chocolates, but for our purposes think of it as being a kind of game. As with any game, there are winners and losers, and the best players, the ones who always come out on top, are the ones with a strategy. If you don't know what you're doing, you'll never get anywhere, and just as it is with the game of life, so it is with investing. If you want to get the most out of your investments, you need a plan - an investment strategy!

This means planning ahead, and deciding how you are going to get the best value from the huge number of investment opportunities available. A book store sells hundreds of books, and if you don't want to get lost when you go in, you need to know whether you are looking for a book on cooking or gardening. Similarly, with investments, there are hundreds of possibilities available, so you need to know what you are looking for going in. This means knowing your financial goals, in terms of money, risk, and time. Buying an investment is not quite the same as buying a book, but there are some things that apply in both cases.

Thinking through your options in advance can be overwhelming, as there are just so many to choose from. That's why you need a method of sorting the good from the bad, and that method is your financial strategy. Know what your goal is, have it totally clear in your mind, so that you can immediately spot the investments that won't help you and ignore them. That way you can concentrate on examining the investment possibilities that do meet your goals, and finding the best one - or combination - to help you achieve them. In particular, pay attention to your own tolerances. If you only want a safe, secure investment, then you can cross off the riskier ones; but if you are less worried about risk, you might want to focus on other aspects. In any case, the important thing is to know what you want, what you are looking for.

If you have not previously done any investing, it might be best to begin by talking to a professional financial planner. These are experts, who have seen it all, and done it all, before, and they can advise you as to the best strategy to pursue. You need to take every aspect of your situation into account, including your personal preferences as well as your goals.

Make sure you don't invest anything can't afford to lose, either. Some people are just lucky, and breeze through life with no problems, but for others... well, it's best not to take the chance. If you don't have a clear plan to follow, then investing is pretty much the same as grabbing a random stranger, stuffing your money in their hand, and saying "take this and make me more". You really think you'll get that back? Not a chance! Always begin ANY investment with a clear goal in mind, and a clear strategy to achieve it.

About the Author:

This article written by Stephen Hauptman, expert trader of many years experience. If you're looking for the best share advice, you could do worse then check out his site - click here for the top share advice

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How to Analyse

Financial Performance

in Investment

Property

If you are a property developer, you must know how valuable a property portfolio can be. It can be one of your tools for gathering more contacts, buyers and clients. By placing all the important property details in the portfolio, you will be able to attract more clients and automatically convince them that your property is good and advantageous for them.

You can be far comparable to your other co-investor if you will place more properties in your property portfolio. In case you are interested in expanding your portfolio's property list, you will need more money for your capital. You will be needing your relatives help and also if necessary you can go for capital options like borrowing from banks and lending institutions.

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Manager Duties

Expand your business to make more profit. If you will do this, you can purchase properties in different areas in the world. United Kingdom can be your first option for your business expansion. This country has the best countrywide properties for you. In expanding your real estate business, think about catering to different markets.

You can buy properties that are good for students, for lawyers, for teachers, for doctors and for other professionals. The property portfolio needs to be accurate, detailed and reliable. You must place there the vital information of the property that you think can help in convincing your buyers. You can write there the type of the building constructed in the property.

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The facilities available and if the property is fully furnished with pieces of furniture and appliances. You must show and guarantee that the property will be advantageous to your client and to their family. The place or the area of your property is also a vital consideration. To ensure profit, the property should be located in an accessible area. The transportation should also be convenient for them to be completely happy and comfortable.

If your properties have all of these qualities, you can surely please every customer that you have. The things mentioned above are just the basics. You can include the other information about the property that you think can help in convincing your clients and buyers.

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To become a successful landlord you will need to become good at managing your properties, particularly if you self manage your properties as this is your business. You will need to make key decisions which will have an effect on your properties and/or your income. You will need to put good systems in place and keep good records in order to assist and ensure your business runs smoothly.

There are different areas to manage and to be aware of, for example you will need to have good management skills and systems for the financial side, the upkeep of your properties and understanding and keeping up to date with the law and regulations. One of the skills you need to be good at, be aware of and know about is how to manage risk and potential gain or loss.

This plays a big part in the building and maintenance of your property portfolio whether it is managing the risk when you decide to make an investment and make a purchase, or whether it is if and when you decide to sell a property, or it could be during the course of ownership and looking after your houses and tenants. To manage your properties well, regular inspections are very important.

As you cannot rely on your tenants reporting all problems to you in a timely manner and sometimes this can make a small problem turn into a bigger and more costly problem to solve.With regular inspections you need be able to spot if there appears to be anything different or anything looks odd. You will need to keep a good look out to see if there are any signs of any underlying leaks or damp patches which could leave to growth of mould.

You need to make sure that there are no damage to the home ie broken glass, windows, doors, cupboards etc, that the decoration is all in good order no repairs or decoration has been undertaken or marks, that the carpets have no stains, or cigarette or iron burns and that the home is warm and aired and being generally cared for.

Following these inspections, it is always a good idea to have them written up and recorded as well as taking any prompt action against any defect you may become aware of. You may need to discuss any issues with the tenants and it is always a good idea to follow any key discussion up with a letter setting out the points clearly with any action that either you or they are going to need to make by any deadline.

The length of time between inspections can be dependent upon you, however you will want to ensure you do an inspection early on in the tenancy ie two months in to make sure that they are being good tenants. If the tenancy agreement is for only six months, you may want to do another inspection in month 4 or 5 and so on. When the tenants give notice you will want to carry out an inspection soon after receiving notice.

This is to get a good idea of how the property is looking, what work may need to be done once they move out to ensure you have a nicely presented home to market to a new tenant and also to see if there are any areas that will need to be dealt with and repaired or replaced by the tenant.If so, by doing this inspection early it gives them notice of what you expect from them during this time and how they need to hand the property back.

You will also then need to do another inspection at the time of handing the property back, taking the meter readings and getting the keys back. It is important that if your tenants renew their contract or goes on to a periodic tenancy agreement, then it is still important that you continue to do regular inspections. It is very important especially if the tenants stay for a long time that you do not become less complacent as you know that they are being good tenants and are looking after the property.

However, tenants situations can change which could have an affect on the way they look after the property and also you need to check that there are no underlying problems which you will want to be aware of in the upkeep and maintenance of your portfolio.

By setting up good management systems will give you a good handle on what it is going on with your portfolio and what you may need to plan for as well as dealing with anything before it gets too big. There is also an option to use management agents who will need to carry out and deal with the inspections which can also be a good idea particularly if you are short of time.

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