Five of the Best Investment Choices for Delivering Long-Term Profits

investment

The financially savvy often choose to invest, and for those who go about it in the right way, it can be an incredibly prudent and profitable decision. Money put aside now can significantly accumulate in value when represented by the right assets, and for those who can afford to bide their time for returns, a very lucrative future could await.

If you’re considering investing yourself, but find that you need a little inspiration, here are five assets that you might want to consider.

#1: Vintage Cars

Vintage cars can be worth astonishing amounts, but before they become a classic they need to age a little, making them a perfect long-term investment asset for those with money on their minds. There are many websites filled with aged second-hand motors, and most sellers simply don’t recognise the treasure that’s tucked away in their garage. If you have the skills they lack, you can take full advantage, stowing your future gem away until it’s ripe for the picking.

#2: Antiques

Like vintage cars, old furniture, carpets, jewellery, and paraphernalia can all appreciate in value, and provided you maintain them, they’ll only become more expensive as they age. There are an abundance of secret treasures shut away in charity shops across the country, still more available at auctions. Take the time to identify which pieces might be worth something, and then snap them up before anybody else. Hold onto them for 10, maybe even 20 years, and you could see a significant increase in their price tag.

#3: Gold

Gold is traditionally known as a ‘safe haven’ asset. Prized by mankind since time immemorial, its glitter draws people over and over again, meaning that it very rarely decreases in value. For centuries now it has gradually appreciated as the years pass by, so for long-term investors, it really is an ideal choice. Choose to invest your money today, and we guarantee that you’ll be very pleased with yourself 10 years from now.

#4: Silver

Like gold, silver is prized around the world, and as is the case with most precious metals, it tends to hold its value very well through the years. For those with slightly more ambition, it may well be a better choice than its glittering yellow counterpart, due to its increasing role in industry. As time progresses, demand for the raw material is steadily growing, and many are prophesying a huge surge in its monetary worth over the next decade.

#5: Property

Property is not a cheap investment, and you need significant capital behind you to fund such a venture. However, for those looking for long-term gains, there is no better choice. Trends have shown that property does not depreciate in value except in the very worst circumstances, and that over the course of decades, its price tag will always increase. Choose to invest in it now, and you could have a tidy nest egg to cash in 10 years into the future.

What will you decide?

What Investments Can Benefit Your Business?

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As a business owner, it can be hard to decide what’s going to be a successful and profitable business venture from another. With there being so many different potential investments to weigh up, from property to staff training to new systems and software, which are the investments that are worth it and can really benefit your business? Here’s the top 3 we consider essential whatever your industry.

Staff training and development

Spending money on training and developing your staff is one of the best decisions and investments a business owner can make. Not only does it forward your business, it presents you as a responsible employee to other businesses as it shows you care about the professional growth and development of the people you employ. Staff being able to learn and build on their skills means that they’ll be much better in their role and require much less supervision from managers, meaning that everyone’s time at work can be spent much more effectively.

Software and technology

One of the biggest challenges office based businesses face is upgrading the computers and technology on a regular basis. With new software being unveiled by tech companies all of the time it’s difficult to decide what the best version for your staff is. Investing in the newest and best technology often means much better processes and more streamlined working with less employee time being spent on waiting around for computers to warm up. A great investment for the office is a server from Pinnacle Data which enables employees to back up files, share files and access different folders easily.

Property

Investing in new premises can be a very costly investment which needs a lot of consideration before taking the plunge. There are plenty of advantages from making investment in a new property as a lot of businesses find that moving to new premises can open a lot of new doors and opportunities that seemed closed before. Not only can you reach a whole new pool of clients, you might also be able to take on more staff or expand your product line with some extra space available. If you find the extra space is too much, there’s the possibility of being able to rent out your excess room to other businesses and always the opportunity to be able to downsize again.

As a business owner there are many different considerations to think about before investing in anything, especially the financial aspects of a big investment. These 3 potential investments however can be hugely beneficial to the future growth and expansion of your business and should be looked into when thinking about how to improve your business.

5 Common Forex Trading Mistakes Beginners Should Avoid

If a price can only go up or down, then trading should be easy right? Not quite. Forex trading has the potential for lucrative rewards when managed strategically, but brings equally big risks for those who come unprepared. Staying up to date on forex education, understanding the markets and trading platform, and learning from experienced traders, can pave way for success. Knowing what to do is important but understanding what NOT to do is just as significant.

We spoke to Marc Elison from AxiTrader to reveal the 5 common forex trading mistakes beginners should avoid.

 

MISTAKE 1

Trading Without a Plan

The most common mistake for beginners is to get into trading without a trading plan. Start off by determining why you’re getting into Forex trading. Is it to seek out a challenge, to earn some extra income, or to turn trading into a full time job? Knowing your goals from the start will shape how you trade and the appropriate strategies you need to devise.

Tip: Start with your goals and go backwards from there. Factor in how much time you can devote to trading, whether you want to pursue high volume or low profit trading and whether your level of knowledge needs boosting before you get started.

 

MISTAKE 2

Trading Emotionally

As a beginner it’s easy to let an early success cloud your judgement. Being in the zone works better on the sports field then in a forex market, so even if you’ve hit a run of profitable trades, make sure you go forward with a clear head. Don’t allow emotions to take over and dictate your trading patterns. If you are on a hot streak, consider if your decisions are aligned with your trading plan and strategy or if they are knee-jerk reactions looking to continue a hot streak. Remember, it’s your money so take a deep breath and let your head rule your heart.

Tip: Make note of the following questions and consult them before significant trades; Does this fit with my strategy? Is this based on solid information or intuition? Would I regret this decision if I lost on this trade? Asking these questions will help you determine if the decision is financially or emotionally driven.

 

MISTAKE 3

Leaving Short-Term Trades Open Across Weekends

When it comes to forex markets, timing is key. This means being aware that leaving any positions open across the weekend can leave you at the mercy of significant gapping. It’s natural to encounter uncertainty with overnight gaps and news events that effect price variations. Weekend gaps though create longer periods of uncertainty. Imagine a scenario where a $100 trade risk turns into a blowout worth five times that initial outlay due to unforeseen market influences simply because you had no control over your money until the opening of trade on Monday.

Tip: As a new trader, implement a rule in your trading plan to close any positions on a Friday that are at a higher risk of gapping through your stop-loss over the weekend.

 

MISTAKE 4

Trading Too Many Currency Pairs

No matter the level of experience you have in forex trading, taking on a new currency pair is a risk. Each set comes with unique traits and characteristics and when your money is involved, you should live by the ‘less is more’ mantra. When you’re taking your first steps in trading, focus on simple processes to help build experience without jeopardising your investment. A common mistake of beginners is to try and trade numerous pairs – this means more decisions and more chance for error. Focus on currency pairs in the market of your choice and do less of the right thing, not more of the wrong thing.

Tip: Starting off with one currency pair will build your confidence, experience and decision making skills until you feel ready to take on more.

 

MISTAKE 5

Failing to Record Performances

So many beginner traders fail to accurately track their trading history. If you are not tracking your results, then you have no indication of what you are doing right and wrong, and how or where to improve. A good start up rule is to record and compare 20-30 trades at a time, changing your system to improve results. These changes are minimal and controlled, which lessens the risk and results over time in a successful trading system that is tailored to your goals.

Tip: As well as recording your performance daily, add a score of A, B, C and D for each trade. This will help you identify in a visual way the direction you need to head, as pages of numbers can be a little overwhelming at first.