Archive for Investments

Online Trading With ANZ

onlinetradingBuying shares in a company gives you the opportunity to own a piece of a company that is publicly traded. The main goal is of course to make money either by a dividend that is paid, or a share price growth, or both. There are many companies that offer trading services that will allow you to buy and sell shares that you like.  ANZ offers online trading services through their website 24/7 and provides a wealth of data to assist you when determining which investments to buy.

Here are a few things you should consider when buying:

  • Do your homework  (Know what you are buying)
  • Buy shares only in companies you are familiar with
  • The company you are investing in should have a long history of growth stability
  • Thorough research is highly recommended with independent analysts and reports
  • Learn about buying shares if you are newbie

The benefits of buying shares are:

  • Capital growth

This is what everyone is looking for. Their stock to go up in price so they can either sell at the higher price, or celebrate now that their investment has just gone up in value.

  • Dividends

Shareholders are paid dividends in the event of share profits. Some companies allow dividends to be reinvested into new shares or in the form of an income. The dividends also have tax benefits.

  • Shareholder privileges

Shareholders in a listed company are entitled to receive general information on the company and are at liberty to vote at annual general meetings.  Privileges can differ depending on the type of shares you have.

  • Trading

Being able to buy and sell at your own leisure is a great advantage of buying stocks. You can access your account 24/7 and you can trade online from the comfort of your home. If you choose to buy stocks through ANZ it is quick and simple. You’ll own a piece of the pie in no time.

  • Diversity

Buying shares in a variety of different companies whenever you like is a huge benefit of trading. You can choose the company of your choice to buy shares in and you can choose to sell your shares in a different company. It’s up to you

Online trading has come a long way and there are many companies offering these services. Research and choose the best company that is going to meet your needs.

What company do you use for trading?

This is a guest post

Picture by Preeti Sawant



Making Use Of The New Home Buying Process

Over the years, many people carefully watch how they spend their money.  Whether you keep track of how much you spend daily on coffee, a week’s worth of lunches, or even the occasional night out, it all adds up in the long run.  In fact, keeping an eye on small expenses is only the beginning of prudent fiscal management, and a commitment to a frugal yet fulfilling lifestyle.

One of the biggest purchases you will ever make in your life is a home of your own.  The magnitude of buying a home impacts not only how or where you live, but also your financial security and credit score.  Before you qualify for a home loan, you must meet the requirements established by banks.

Your credit history speaks volumes to a bank when you apply for a mortgage, due to the Canadian housing market changing over the last few years as regulators tightened access to credit in the fallout from the global recession.  As a result of the tighter rules, a mortgage is subject to stricter terms and conditions over less time. Your personal financial history impacts what you can negotiate from the tougher conditions.

The internet makes the process somewhat simpler, particularly if you are a first time homebuyer.  The housing market is very different compared to what past generations experienced, and the process is particularly challenging for people who are entering the market for the first time.  These changes include simple concepts such as using online comparison websites where you can compare mortgage rates from some of the leading providers across Canada all in one location.

This is a particularly valuable service because it helps you reduce the amount of time you spend finding a mortgage that meets your requirements.  Today’s market is all about speed and convenience, which makes comparison shopping from the comfort of your own computer or on the go using your smartphone all the more important.

Perhaps even more important is that by using the internet, you can find mortgage rates and terms from some of of Canada’s lesser known providers.  While a better deal isn’t always a guarantee, sometimes the smaller companies advertise a better mortgage than their larger counterparts, which can save you thousands, if not tens of thousands of dollars over the course of your mortgage term.

The decision to buy a home isn’t one to be made lightly, but anything you can do to make the process more rewarding for yourself is for the best.  The government tightened up lending conditions, but you can use a few handy tools to acquire the best mortgage to make your homeownership dreams come true.

Do you check online for rates?


3 Tips To Save Money And Maximize Profits On Your Investment Property

Today we have a guest post. Enjoy!

With interest rates being so low, many people are purchasing investment properties. Although rates are low, there are still some other things an investor should be aware of before venturing out. Here are some tips to be aware of when buying an investnent 

1. Plan

Before you purchase your property it is important to plan ahead. Surveyors can be your best-friend in this initial stage because they will provide a concrete report of land-measurements, foundation structure and potential problems or opportunities for both renovations and resale. It is important to also consider the age and condition of the property. Investment properties should always be chosen based on analytical research not personal preference.

Don’t pick a suburb that has sentimental or stylistic appeal to you, instead factor in whether the location will attract quality tenants, will provide the gains and returns you require, and if it will appeal to the market that sustains prices in the long term.

Research the local area, the amenities, the average price of rent and how much the properties have appreciated in value over the past 5 years. Once you know the facts and figures about the property you can begin to plan ahead. When budgeting, remember to factor in everything from agent’s fees, legal fees, insurance, depreciation, and repairs.

Be very aware of tax deductions and know your legal rights. Identify what you are really trying to achieve. Are you chasing short term yields or long term capital growth? How can you best control your cash flow? 

2. Be renovation savvy

If you have purchased an investment property and plan to do it up for a quick resale, cutting costs on the renovation is crucial to making it a worthwhile project. Your mantra should always be “don’t overcapitalize” as this is the biggest mistake you can make.

Once again, make sure that you don’t renovate a property that you yourself would want to live in. Instead trade crazy colors or interesting details for neutral color palettes to attract a broader range of tenants or buyers. Don’t give in to trends, instead opt for timeless features so you won’t need to renovate or refurbish twice.

Focus on kitchen and bathroom renovations, since they will give you the best return on your investment. Other improvements you may want to consider will be the number of bedrooms, an updated outdoor living space, storage, such as built-in wardrobes, off-street parking and air-conditioning or heating. It is important to take into account the style of the surrounding properties as well as the local demographic.

If there are a lot of families, consider making the garden child-friendly. If your tenant or buyer is likely to be elderly, perhaps it is important to renovate your bathroom accordingly. Know which services to outsource and which to DIY. Remember that fixtures and fittings, as well as their installation, usually make up about 50% of the total cost of a renovation so source cheaper materials online to save dollars.

3. Timing is everything

Budding investors often make the mistake of acting impulsively and buying on a whim or being too cautious and missing out on fantastic opportunities. It is important not to fall into either category; make educated decisions and don’t sign anything until you have received adequate advice. But alternatively don’t be paralyzed by analysis; if everything tells you it is a worthy investment then don’t delay.

If you’re looking to sell your investment property always aim to sell in a financial year when your income is lower or you have sold other assets at a loss, which you can then use to offset your capital gain. Be ready to provide all the right documentation to your lender, such as proof of employment and anything that proves the rental property is a good investment so that you don’t miss out!

How about you, do you have any investment properties?



5 Reasons To Get A Home Inspection

Whether you are buying a new or resale property, a home inspection can save you a lot of trouble and money down the road. There are many reasons why you should get a home inspection and here is a list of five good reasons why you shouldn’t skip it to save money.

1. Health Protection

The most important benefit of getting a home inspection is to ensure that you and your family are safe. A home should be the safest place where you and your loved ones are protected from all harm. Unfortunately, sometimes people forget that there are plenty of hidden threats on any property, such as mold growth, carbon monoxide, termites, and many other similar hazards.

When living in a home for a number of years, it’s easy to ignore these hazards. A home inspection has the ability to identify if these risks really exist and also pinpoint the measures required to resolve the matter. For buyers, a home inspection for safety reasons is extremely important, particularly because you are about to expose your family to a new and potentially dangerous environment.

2. Investment Protection

A home inspection is the most sensible measure that you can take to protect your investment before you actually make it. Home inspections are designed to reveal critical information about a home. Consequently, if you decide to buy the property, you will know exactly what to expect as far as maintenance and repairs.

The results of the home inspection will help you make an informed decision about your purchase. Buying a home is really a huge investment, and for many people it is the largest investment they will ever make. Knowing the exact condition of the house will allow you to withdraw your offer to buy if you are not satisfied with the findings. It may also offer you a great negotiating leverage.

3. Value

Insurance is the best and most reliable way to protect your home from all sorts of risks. The findings of the home inspection help you make the necessary repairs in order to add more value to your home. Insurance companies sometimes refuse to insure a property if certain conditions are found. Sometimes they even require certain certifications that show the exact condition of your home and associated systems.

Your home inspector will tell you if the shelf life of your systems are close to an end before you get your home insured. It will help you decide on the type of home insurance coverage and warranties that you actually require.

4. Legal Compliance

Laws and regulations change with time. Your home may have met all the legal standards at the time that it was built, but things may be different now. Professional home inspections check that your home complies with your city, as well as the electrical, building structure, plumbing, septic system, and water system. A home inspection will also reveal any illegal additions or installations for the house that you plan to buy. All home systems may require some changes after some years and the property needs to be brought up to code, for safety reasons.

5. Termite Damage

Termite damage is a serious concern in North America.  Statistics related to termite damage are actually pretty scary. The findings reveal that termites damage more than 600,000 homes every year in the United States alone and damage is estimated to $5 billion.

The benefits of a home inspection totally justify the extra cost. Your home or your future home is your hub and your family’s retreat. It needs to provide the maximum level of protection in all respects: safety, health, and money. Home inspections reveal what the naked eye can’t see. Home inspectors are professionals that know what and where to look. The findings will not only protect you now, but will also show you how to protect your home in the future.

Did you have a home inspection done when you bought your home?

Photo by Loan Experts 2012

Is Home Ownership Right For You?

At some point or another, it may have occurred to you that having your own home might be the best thing to do. This is especially true if you had the opportunity to grow up in your parent’s house and you have subsequently lived in apartments once you were out on your own. You may be thinking of the money that was spent on rent and how that would never equate to an investment. In addition, owning a home is a dream many people have which means there is a considerable amount of media reinforcement when it comes to working towards home ownership. This is why so many people devote most of their working lives to being able to make payments on a mortgage.

To help ensure you find the journey to home ownership rewarding there are a number of pros and cons you will need to consider. To begin with, you will need to know what steps to take when it comes to buying a house in the most expedient and efficient way possible. This can save a lot of time dealing with red tape and tons of frustration. So I guess it’s safe to say that the first thing that needs to be done is to make a commitment to performing thorough research before taking any action.

The question of ownership

Before getting into the specifics of finances and negotiations, you need to ask yourself one serious question, “Do you really want to own a house?” This is important when you consider the amount of responsibility that is involved with owning a home that goes beyond just the financial requirements and obligations of various home loans. This is the reason why so many people opt to rent an apartment in the first place. But let’s say that you really do want to own your own home and feel that you are ready to take that big step.

What are the pros and cons of home ownership?

When it comes to benefits, first of all, you would consider the fact that over time your home equity would build as your mortgage balance decreases. This is in stark contrast to renting an apartment, which provides no investment value at all. Other considerations can include the many different ways that you can add on and personalize your living space that aren’t possible with an apartment.

On the other hand, there are other considerations involved with home ownership. For example, should the occasion arrive where you need to relocate, selling or renting your home can be more cumbersome than leaving an apartment. The owner of a house is also responsible for any repairs, while when renting the landlord has to take care of any normal apartment repairs and maintenance.

Financing a home

Deciding if home ownership is a feasible option, financially, there are some steps that you should take. You need to determine what your affordability is when it comes to your mortgage and payments. One way to do this is to first use a mortgage calculator in order to see what the monthly mortgage payments would be when it comes to the price range that you have anticipated. You will then need to assess how this may impact your lifestyle and overall budget. If obtaining a mortgage is something that you’re willing to do, you should consult with a professional to discuss your personal requirements and other factors you may need to consider.

All of these steps are designed to help you make the right decision when it comes to owning your own home and setting up a future investment.

Are you thinking of buying a home?

Today’s guest post is from Alma Reynoso who is a freelance editor, writer, and finance author who spends time writing and performing research pertaining to a variety of home and business real estate and financial topics. As an experienced financial and real estate advisor and author, her desire is to assist readers when it comes to better understanding issues related to finance, home mortgage loans and mortgage broker decisions for home and business buyers and  investors.

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