Edward Anderson

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Benefits of Legal Money Lender

If you have been searching for an excellent strategy for obtaining funds for your business startup or perhaps for your unique personal strategies, then you might want to seek the services of a legal money lender in Singapore. Simply put, this type of service provider is an independent party that provides loans to clients based on a set of unique selection criteria. Besides that, these types of service providers normally have licenses and legal documents to show that their compliance with state regulations from Power Credit.

Benefits

Legal procedures and professionals

Perhaps one of the most noteworthy aspects of settling for this type of service provider is that fact they have licensed practitioners and systems for your unique loan needs. In this way, you are sure that you are dealing with professional financiers who will not swindle your funds or perhaps overwhelm you with atrocious lending rates.

Timely responses and approvals

Another important aspect of these type of service provider is the fact that they provide rapid responses and approvals for your loan applications. In fact, whereas the conventional lending institutions such as banks take a considerable amount of time before approving your loan, a legal moneylender is more likely to provide you with timely responses each time.

Affordable lending rates

When it comes to settling for the ideal loan financier, choosing one with affordable lending rates always has its inherent benefits. Simply put, you can acquire adequate loan funds, which are payable in a plausible timeline and relevant interest rates as well.

Conclusion

Finally, given these points, a legal money lender is an excellent investment for your needs since they are highly affordable, timely and have legal procedures as well. However, before you settle for one that suits your needs, it’s imperative that you evaluate their contract terms such that you can make an informed decision each time.

Investment Basics for Budding Investor

  1. What’s The Basic Premise of Investing?

The Collins English Dictionary defines the word invest in the following way; “To lay out, for profit or advantage.” To layout refers to the fact that something of value is needed in the first place in order to generate more wealth. In essence investing is a means of taking a pre defined sum of money and using it in such a way as to increase its original value, therefore generating a profit. In this article, we will explore the basics investment fund in Singapore that you should always put in mind.

  1. Why Invest?

This is one of the most fundamental questions that any person looking to invest needs to ask. The general answer is pretty obvious, to generate a profit, but the reason behind the investment are far more important and will directly influence how and where you chose to invest. In addition the answer will also determine the level of risk you are willing to expose yourself to and which will be explored in more detail later.

  1. How Should I invest?

This is also a deeply personal question and will depend upon the amount of money an individual has at their disposal. It is important to stress that investment takes many different forms all of which facilitate differing levels of investment. A single mum might decide to invest $20 or a business entrepreneur $1 million but both will seek a return on their capital outlay and how they go about achieving their investment goals may differ substantially.

  1. What level of risk should I expose myself to?

Such a decision is very important as ultimately it will dictate the profitability of your final investment. In many respects this question will also be determined by the answer to the previous question, why invest? If an investment is being made to safeguard a financial future the level of risk taken may be lower than an individual investing for fun.

Generally, investments are made in three distinct categories low, medium and high. Low risk investments include Government bonds and savings accounts. Medium Risk investments could include certain types of shares or property. High Risk investments will almost certainly include shares in rapidly expanding companies exploring new markets. The dot.com crash in the late nineties, in which thousands of newly established technology companies went bust, is an example of a high risk investment going very wrong.

How To Invest

Now that you have more information to help you get started with investment the next step is to speak to an independent financial advisor from GEC. These consultations are almost always free and you can get specific advice tailored to your individual needs concerning investing.

Summary

This article has attempted to provide advice to enable individuals to get started with investment. Discussion has taken place about the basic premise of investing and the profitability of such a decision, along with examining different reasons for investing. Attention has also been given to how much might be invested and at what level of risk this might be undertaken at. Finally we have explored the vast array of investment options available and the next step for a budding investor.

How to choose an Audit Firm

If you want to finish your financials right on time without any headaches, then it is best to hire an audit firm. Seeking help from an expert is the best decision since they are well versed with the accounting tasks and financial documents.

Communicaiton

Good communication is vital in order to establish a successful audit and auditor relationship. When you meet with the potential auditory, it is vital that you are able to talk freely with them. Ask questions and make sure that you understand their responses since they are known for being too technical. Select an auditor that explains things in a way that you can easily understand.

Reputation of the firm is vital during the selection process. Ask for references and make sure you call those references. Inquire about community involvement as well. Find out from the auditor if they have audited any award winning financial statements.

Fees

Although the fess should not be the most vital factor when choosing an auditor, it is vital to the process. A few bids have to be received to ensure that the offer is competitive. There are some auditors who will be willing to offer a multi layer engagement at a reduced fee over a year engagement fee. This multilayer is beneficial to both parties. The firm is going to recover any first year set up costs over the following years and the organization has budgeting figures for the future. If you are in a duration of growth or a change, then this multilayer engagement is not going to be suitable.

Know your audit representatives. You are going to deal mostly with the manager and their staff.  Audit firm are essential since they make the final decision in regard to audited statements although they do not directly involve themselves in your life. Your manager is going to be responsible for creating the audit plan and managing the process and communicating to you.

How To Find The Best Accounting Services For Your Business

If you run a small business, you may have decided that the time has come to look for a company offering accounting services to lighten your load. Operating a business is hard work, but a good quality firm of accountants can help to make the day to day running of your company a lot easier. But how do you go about choosing a good firm of accountants? 1 Accounting is such company and below is a simple guide showing you what make them to be considered as a good accounting firm in Singapore.

Recommendation

If you have any friends, family members or business connections that have already used accounting services, you should ask around for recommendations. Choosing a company that has already proved themselves to be reliable, trustworthy and competent for someone within your circle of acquaintances is a good idea as they are already tried and tested. If you have no one that you can ask for a recommendation, you could ask your banker or attorney to point you in the right direction with a referral.

Interview

Once you have received your recommendations and referrals, you should interview your shortlisted accountants before making a final decision. It is important to make sure that the firm that you choose is a good fit with your business and that they can offer you the level of service that you require. Before arriving at your first interview, make sure that you are clear about which accounting services you require from their company, and draw up a list of questions that you need answering. Here are some areas that you should query:

  • Range of services
  • Personality
  • Competency
  • Fees

Range of Services

If you are looking for complete accounting services, you will need to choose a firm that offer a comprehensive range of financial assistance from tax and auditing to bookkeeping and managing investments. Not all firms offer a full range of services, so you need to make sure of which areas they cover before making any decisions.

Personality

No matter how qualified your chosen accountant is, if they are difficult to get on with, the relationship just isn’t going to work. It is important to trust and forge good working relationships with your company’s accountant, so if there is something about their manner that you just don’t like, look elsewhere.

Competency

You should ask your prospective accountants questions relating to how they would handle different financial issues. You can tell a lot from their answers. Would they handle affairs in a manner that fits in well with the way you like to handle business? Are they a good communicator? Can they explain the way they would deal with the situation in a way that you can easily understand?

Fees

You need to establish whether the fee structure is based on an hourly or monthly rate. It is important to get a range of quotes from all prospective firms and evaluate them all. Remember that the cheapest quote may not necessarily be from the best company for you. You should take into account all the other factors before making your final decision.

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What is Singapore Savings Bonds

To make inexpensive investment options available to a wider variety of investors, a new government bond type will soon be available to retail investors in Singapore.

This investment product exhibits a unique feature, which is that holders of these bond types can secure a return from the bond during any month without penalty. This enables investors to cash in on their investment without any forethought when securing their investment, as typically bonds have an established interest rate. Cashing out these bonds that will be introduced very soon will save investors from reduced returns that often result from typical bonds when they are prematurely redeemed.

When will Singapore Savings Bonds be to investors?

Singapore Savings Bonds will be issued to investors on a monthly basis, beginning on October 1, 2015. Investors who have an interest in securing a Singapore Savings Bond are encouraged to begin applying for these investments on September 1, 2015.

How can I purchase a Singapore Savings Bond?

One can both apply for and redeem Singapore Savings Bonds at a DBS Bank ATM, a POSB Bank, a OCBC Bank or a United Overseas Bank, or over the internet via DBS/POSB through their banking portal online.

Both applications and redemption requests are required to be made in $500 multiples. These are cash transactions. Investors require a bank account with a bank participating in the program, as well as a Central Depository Securities Account that features direct deposit service, which permits any bond payments to be directly deposited into your account.

How much am I allowed to invest?

Singapore Savings Bonds are geared towards small retail investors, who can invest at least $500 with additional denominations that occur in $500 increments that cap at $50,000 during a single issue.

What return amounts can I expect?

Bond interest is associated with long-term SGS rates. While Singapore Government Security Bonds pay the same amount of interest yearly, Singapore Savings Bonds pay with vouchers that grow in value over time. Average interest investors will gain returns while they hold Singapore Savings Bonds, matching the proceeds investors would have received had they purchased bought an SGS bond of equal value. A 10-year SGS has yielded 2-3 percent at most over the past 10 years.

The interest rate schedule for each Singapore Savings Bond issue will be prior to application submission acceptance, and these bonds will be issued monthly.

I’d prefer to invest in Singapore Government Securities (SGS). How do I achieve this task?

Individual investors are required to hold an existing individual Central Depository (CDP) account in order to invest in Singapore Government Securities. The least denomination in which one can purchase an SGS is $1,000 and one can invest in further securities in denominations of $1,000. SGS are issued by auction to the investment market. One can purchase Singpore Government Securities either at primary auctions or in the secondary market. To learn more, visit SGS.gov.sg.

Top 5 House Hunting Tips for First Time Homeowners

Buying your fist home can be both thrilling and nerve-wrecking. Many people are usually so excited with the idea of owning a home that they settle for anything that comes their way without really investing enough time in finding the perfect home. As a result, they start noticing some of the things they may have overlooked when making the purchase. When you decide that you need a new home, these guidelines will help you find a house that you will live to love for a very long time.

Make a List

The safest way of ensuring that you find your dream house is by making a list of what you need in the house. Without this list and proper house planning, it is so easy to get carried away by staging antics of many sellers. You can divide the list into three sections, must-haves, essentials and nice-to-haves. Whenever you visit any house, cross off the items in the list and pay close attention to the must-haves so that you do not end up disappointed.

Consider All Expenses

It is common for many new homeowners to budget for only the principal amount required, interest, insurance and taxes forgetting that there are many other hidden expenses that come with the purchase. You need to factor in upgrading, utility and even commuting costs to the price that you have been given. Many a times you will find that you have many other expenses that you did not think about making the purchase more expensive than you had initially budgeted for.

Always Read through the Contract

We all have a weakness of simply signing above the dotted lines. Buying a home is a huge investment and you need to know exactly what you are signing for. This is why you must read through the contract. In fact, do not be in a hurry to get the deal done. Instead, take time to scrutinise it and even involve a mortgage broker to help you with areas you do not understand.

Do Not Be Fooled by Staging

Staging experts can make an abandoned creek look like a palace and that is why you must be very careful at this stage. There are many homeowners who regret ever making their decisions based on what they saw during staging. Therefore, try to pay attention to the structure and the layout of the house itself rather than how it has been staged.

Learn the Neighbourhood

When you choose to buy your new home, you are not just buying a house but also moving into a new neighbourhood. Therefore, you need enough information about the neighbourhood to understand if you will be comfortable in the home. For example, if you are thinking about having children, forget about neighbourhoods that are full of single people.

Once you are ready for your new home, you will need to ensure that you get it right. By working with these guidelines, you will find that dream home that you have always wanted.

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10 Tips for Asset Management

Asset management plays a key role in all company proceedings in an effort to manage company inventories. It serves the purpose of assessing the inventory to ensure all the equipment is available and none is lost. In addition, asset management seeks to regulate maintenance as well as ensures that they are compliant with the government and insurance terms.

Equipment flows in and out of any organization and one needs to keep track of this flow to ensure it is smooth. If you are looking to deliver the best, the following tips will help you meet your asset management objectives.

1. Employ the services of qualified, trained and professional staff

Working with personnel who are qualified, trained, and professional asset management company, you will be able to monitor the systems with the help of qualified staff to ensure success. In this, if you are looking to implement systems and promote data accuracy, this tip is very important.

2. Involve senior management

Asset management is part of a complete organization and with the involvement of top management, financial allocation to ensure the systems are in place and that the necessary equipment and software is available.

3. Employ asset management software tools

There are several asset management software tools in the market. In this, you need to identify one that is designed to meet your specific company objectives. You should be able to personalize the software tool to meet company preferences rather than taking in software that will require that your company changes to implement it.

4. Identify and define what is needed for inventory

This tip requires that you identify company objectives before you begin to acquire inventory. This will ensure that the inventory that comes into the company is in the quantities that are required rather than piling assets that serve little or no purpose.

5. Carry out reviews regularly

Carrying out reviews seeks to keep all staff and processes in check. Reviews help the company to identify where there is a loophole that needs addressing. You can do it quarterly or half year but the closer the gap, the better.

6. Build mechanisms to correct any inaccuracies

During the flow of inventories, there are instances when inventories will not flow as expected either due to emergencies or by deviations. In this, the system needs to have a mechanism that will correct the inaccuracies in an effort to maintain the systems processes.

7. Implement monitoring and evaluation procedures

Asset management cannot run successfully if you do not implement measures to monitor and evaluate the processes. This keeps everyone involved on his or her toes.

8. Determine the life span of each asset

Different assets take different time intervals in the company. It is therefore, important that you avoid generalizing assets and consider every asset as a unique entity to promote management.

9. Provide a systematic asset management system

When an asset management system is being implemented, it is advisable that it is done in a systematic manner to avoid confusion or a mix-up as it helps monitor its progress.

10. Indicate results and success of your system

By indicating the results or the success of the system, you will be demonstrating the value and importance of asset management. In turn, you will receive the right support from both senior management and subordinates.

The above tips on asset management will help you identify, personalize, implement, monitor, as well as evaluate the success of asset management systems. The systems will be secure and efficient.

Investing In The Stock Market – A Simplified Approach

Right now there are a lot of people that are on the outside looking in when it comes to stocks. The stock market can easily make you a lot of money if you invest wisely. But it can also swallow up your life savings in a frenetic manner. If you have never invested into this marketplace, but you want to get into the mix, then you will need to know a few things about this. There are simple ways to jump in and play safe, and there are some ways that you can go all out and hope for the best. Before you do anything, take a few tips into mind and establish the right framework to move forward with.

Investing In Business

First and foremost, you should know what this all entails. When you are looking at investing into stocks, you are literally putting your money into the operations of a business. Let’s assume that you want to invest in a software company. You look at how they are performing and want to be part of their future success. You put money into shares, and those shares allow you to own a piece of the entity. If you have 10 shares, then you will get a percentage of the profits that come through each day, week, and quarter. In theory, you could make a lot of money if the price of the share rises systematically and you have many shares.

Making Money

To further simplify the notion of investing, take on the notion of dollars. If you were to invest in a company that has 10 dollar shares, and you wanted to buy 100 shares, you would own 1,000 dollars in stocks. You want the stock to rise above 10 dollars a share, and that is where the rise and fall of stock market investment comes into play. As you invest wisely, the company you’re hoping improves will be going about their business and will either profit or have losses. When the profits come in, the numbers remain strong and investment value rises, your 10 dollar shares could be valued higher. Take into account that a company may have small dips and rises through a year, but if you hold on to a strong company’s shares, you could end up with a huge amount of money, depending on how many shares you have.

Getting Started With The Stock Market

For those that want to invest, and have money to spend, investing can be done in several manners. You can start your quest by registering with a trading site. There are several stock trading platforms that you can join, and link your bank account with. Once you have an account, you could buy stocks individually or in as many quantities as you’d like. Some of these platforms let you trade for free, others charge a fee.

The second way to go about this is to hire a broker. Stock brokers can help you buy stock by literally purchasing shares for you. They will act on your behalf and take a small fee for the opportunity. They can advise you as to how to diversify your portfolio and maximize profits and diminish losses. Do some investigation before hiring anyone in this field.

Patience Is Key

Perhaps the one thing that you should realize about all of this is in regards to patience. Stock market investing is not a frenetic thing. You shouldn’t consider it like gambling or other tropes. Instead, focus on finding the most information about companies, stock prices, and the likes. If you’re patient, and make wise moves, you can stand to make money with stock investments. However, if you’re impatient and want to rush through things, you can end up losing a great deal.

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Is It Worth Investing In Bitcoin?

Bitcoins are a virtual currency that are becoming more popular on a daily basis. They are accepted as payment by many major companies such as Dell, Walmart and Amazon. They are mined from the processing power of computers and are unique in that they are seen as both a currency that can be used on a daily basis, and as an investment opportunity.

There are two ways that you are able to invest in bitcoins, mining them yourself, or purchasing them from companies that will mine them for you. There are advantages and disadvantages to both types of investments, and you will need to weigh these up before deciding which avenue you will go down.

Mining Bitcoins

Bitcoins can be mined, but this often requires specialist equipment that can be expensive to purchase, and to run and maintain. However, all of the bitcoins that you do mine will be pure profit for you. If you can afford the initial outlay, and are confident that you can mine enough bitcoins, then this may be the most profitable option. When you have mined the coins, you can choose to spend them, or sell them for a profit.

Purchasing Bitcoins

You can also purchase bitcoins that other people, or companies have mined. It is still possible to make a profit using this method, as long as you can sell them for more than you paid. There are fees for buying and selling bitcoins, and you will need to bear these in mind when you are calculating any profit that will be made.

As with all types of investment, there are risks associated with investing in bitcoins. However, the continued rise in popularity of this currency could see its value continue to rise. In the past, when their value has fallen, it has always picked up again in a short space of time.

The Basics of Private Equity

To begin with, it’s important to establish just what exactly private equity is. Private equity is an asset class consisting of equity securities and debt in companies that are not publicly traded. This means that the companies are not listed in the stock market. Thus, broken down even more simply, private equity is an investment in a private company. In illustration, consider the concept of buying stock in, or loaning money to, a family-owned restaurant.

However, private equity is also a very in-depth, big field. Private equity firm manage an estimated amount of trillions of dollars in assets across the globe, with close to a trillion in committed capital that is specifically set aside for new private equity investments to be funded with. Some examples of such companies and firms include: Toys R US, Dunkin Donuts, Walgreens, and even Petco. They are all established, well-known brands that generate substantial revenue at an alarming rate, and they are all examples of private equity investments.

The Different Types of Private Equity

The three types of private equity are: Seed, Angel, and Venture Capital. These all qualify as being types of private equity because they provide substantial sums of money to companies.

* A Seed Equity is pretty much what it sounds like – the initial investment that gets the ball rolling.

* Angel equity is a bit different, as it is divided into investors and groups. The former, an Angel Investor, is a very early-on stage of funding that is taken from an affluent investor. This money is then used to fund the necessary research and/or product development that is needed for the venture to take off. Usually an additional – though much less substantial – amount is provided by a Venture Capital or Private Equity fund. This is where Angel Groups come in, too. They are groups of investors who band together to pool their money into one large investment, and also provide a sort of mentorship to their companies.

* A Venture Capital, or Capitalist, is one who provides funding for a startup (seed) or early-stage company, before it has really started to grow a profit. Obviously, this comes with substantial risk, which means money is on the line. A Venture Capital, then, is an unproven investment. While highly risky, it has the potential to be very lucrative in the long-run.

These are the basics of private equity, including what it is and the different types thereof. As a business owner, or investor, it is up to you to do further research and determine how you are going to use the knowledge to your advantage. Can you take the risk in a new investment on your own? If not, the Angel Groups and Angel Equity may be what you need.

 

Top 5 Ways to Save Money on a Tight Budget

Rarely will money ever be enough. In fact, many people today struggle from paycheck to paycheck. This makes it quite difficult to make any financial savings. If this describes your life, then you are in luck. This article will highlight the top 5 ways to save money.

Carry Packed Lunch

lunch

On average, workers spend about $10 on lunch and snacks daily. This means that within a week, you will have spent over $200 and thousands of dollars in a year. However, by packing your lunch and sometimes even snacks, you can cut down on these expenses and spare some money for the future.

Save Energy

energy

By saving on energy consumption, you are drastically cutting down on your bills. Think of installing a tankless water heater, low flow toilet and turning off the lights to save energy. If you have to do laundry, consider doing so during off-peak hours and air dry whenever possible. Over time, energy conservation becomes a habit that will guarantee you financial savings.

Shop Around

shop

You probably buy everything from the first store that you visit. This is not how you save money. On the contrary, always shop around. Whether you are looking for insurance coverage, satellite TV or even a cellphone, visit as many sellers as possible for the best deal. Shopping around can also help you find a package or service that is flexible enough to meet your needs.

Pay Creditors on Time

time

Many people forget to service their debts on time. The moment you forget, your provider will penalize you. This penalty affects your expenditure for the month. When it comes to credit cards, you must pay on time to avoid incurring higher interest rates.

Use VoIP at Home

voip

Getting rid of the home telephone line would be the ultimate solution but at times you will need it. This is why you have to replace it with a VoIP line. Internet calls are cheap and also reliable. Since you already have an internet connection, getting them is quite simple.

Saving money in your day to day activities does not have to be very drastic. Instead, focus on smaller changes that over time will result in significant cost savings.

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To Invest or Not to Invest

Where to Start

The first question you need to answer is, “What type of investment am I looking to make?” This is very important, as it will play into your decision on where to invest your money. Are you looking long term (more than 10 years)? Alternatively, are you looking short term to make a few bucks and get out? The other important question, “How do I intend to finance these investments?” Once you have these answers you can decide which market to put your money.

After deciding to make an investment, it is probably a wise decision to find a financial advisor that can help you get started, and even manage your investment portfolio. On the other hand, you can do it yourself; all you need is a computer.

Which Market? There is More Than One?

Yes, there is more than one market to choose from the stock market, bond market (private and municipal) and mutual funds.

The stock market is where you will make long-term investments by buying shares of companies. Investors or shareholders actually own, even though it may be small, part of the company and are entitled to a portion of the profits. The stock market has many up and down turns. It is for this reason you will want to invest long term here as the market always improves with time.

The bond market can be used for both long and short-term investments. When you purchase a bond – private or government – you loan money to the seller for operational costs or specific projects. Bonds are sold with a set interest percentage. When the bond matures, you get your money plus the interest. Bonds provide a steady income stream for people.

Mutual funds differ from the other markets. In a mutual fund, thousands of people invest small amounts of money with a fund manager. The money is then invested in a variety of stocks, bonds and other securities. A manager that handles his or her client’s money well can make a lot of money for their clients.

You Are Now Ready

Not really, but this is just a small snapshot of questions you need to ask and options available for you to invest your money. Deciding to invest your money is always a smart decision. Where to invest it becomes the problem, but with some research and asking many questions you can minimize your risk.

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