6 Signs You are on the Wrong Track With Your Stocks

Posted by admin
on February 24, 2020

Are you someone who invests most of his/her time keeping an eye on the stock performances? Are you someone who wishes to earn some fast cash through stock investments? If yes, then this is for you.

As a regular stock investor, you may come across various situations where different stocks perform differently. And because of this, you may not know, but you may end up making mistakes or get on the wrong track. This can result in a loss worth a million dollar. To avoid any losses, make sure you know these mistakes well in advance.

1.   Investing Big on Short-term Stocks

Investing big money on the hot news that just read on the news website definitely doesn’t come in the category of investing. The future return from stocks is based on many factors which should be carefully studied rather than investing based on single news of a quarterly jump of EPS of a company by 40% or launch of a new hyped product. Serious investors should perform detailed qualitative and quantitative study rather than investing based on short-term market twitches. Market psychology is hard to predict in short-term as sentiments drive it (similar to voting machine). On the other hand, long-term results can be measured concretely, if the studies are done correctly (like weighing machine). Focus on the long-term performance of the stocks, rather than short-term turbulence.

2.   Following the Big Guys

There’s no harm in making someone your role model and taking inspiration from them for your stock market investments. But you need to be careful and make sure that this inspiration doesn’t become blind faith. It’s challenging to understand the exact strategy of the big players of the market, no matter how carefully you track their investments. Moreover, a regular investor cannot match the resources available to big investors. Investing blindly in what big guys are purchasing is undoubtedly a sign of gambling in stocks. Some stocks may work well for them, but that doesn’t mean they’ll be advantageous for you too. After all, they have a different strategy than yours. Plus, luck plays a vital role too.

3.   Following the Crowd

When you hear about a popular investment that’s shooting up in value, you may be tempted to hop on the bandwagon. But this isn’t a good way to pick where you put your money. “Hot” stocks may rise rapidly, but they can fall just as rapidly. And you might invest when the price is high, and it later falls. Everyone wishes they could get rich quick off a smart investment, but when you’re talking about your life savings, caution is paramount. It’s possible that the latest craze could be a smart move for you, but it’s equally possible that it’s a bad move. You won’t know until you investigate for yourself to decide if it’s a good long-term choice. Speak to a fee-only financial advisor if you’re unsure how to choose wisely on your own.

4.   Putting All in a Single Stock

Investing all your money in a single stock is the worst form of management in stocks. Maybe it seems a great opportunity now. However, there can be thousands of reasons which may prevent the stock from performing. And if that stock doesn’t perform as you wished, for whatever reason, all your hard-earned money will be gone. Putting all in a single stock magnifies the risk. The wise approach for intelligent investors is to diversify their portfolio. Make a note of all the well-performing stocks, shortlist a few, and invest in different stocks to keep the risk to a minimum. You should also invest your money in several different industries, so if one suffers a hit, it doesn’t devastate your entire investment portfolio. As the old ones used to say – “Do not put all your eggs in one basket.”

5.   Ignoring Your Risk Tolerance

An investment product can be a good fit for someone else and a bad choice for you. It all comes down to your risk tolerance. This generally declines as you get older, because if your investments drop in value, you may not be able to wait for them to recover before you need to begin drawing upon them. It doesn’t make sense to invest heavily in high-risk stocks when you plan to start spending your retirement savings in a few years. But if you’re young, you may be able to afford to take a few more risks. No matter what your risk tolerance, always remain well diversified. You may want a more stock-heavy portfolio when you’re younger, but as you age, you should transition more of your money to safer areas, like bonds.

6.   Trying to Time the Market

Some investors stay fully invested in stock funds while the stock market is rising, then jump quickly into the money market or cash equivalents just before stock values begin to fall. For this strategy to work, investors must know precisely when to get out of stocks. And precisely when to buy back into them. Always. If you build a portfolio that meets your long-term goals and considers your risk tolerance, you can stay invested. Even when the market is volatile.

Be aware of what can go wrong if you make these mistakes. You surely don’t want to end up losing all your investment or most of it. Hence, it is advised to work with a reputed financial advisor who will help you with every step. But don’t forget to go by your instincts too. Professional assistance and your instincts will help you become a successful stock market investor.


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How to Save and Invest with Fluctuating Salary?

Posted by admin
on February 18, 2020

Being self-employed has the challenge of dealing with fluctuating income. A fat check in some months, and a smaller amount for some months. Under these circumstances, how does one save and invest to achieve one’s long term financial goals?

We all know that the process of budgeting and investing is much simpler with a stable income. However, we live in a world of freelancing and commission-based jobs that makes investments and savings even more difficult. Here are some ways how to save and invest with a fluctuating salary.

Map Out the Income for Next Year

Try to map out your income patterns based on your past income data. It will help you estimate your income for next year. If you have received a check of SGD6000 a month, a check of SGD4000 for another month, and SGD5000 for all the other months- you could project a monthly income of SGD5250, based on your yearly average. A more conservative estimate will take the lowest income of SGD4000. It is with this income that you need to manage your expenses and savings.

Create a Basic Budget

The next step is to categorize your expenditure into two categories: needs (essentials) and wants (non-essentials). The essentials are your monthly expenditures on food, rent, groceries, and utilities. Under no circumstance, it could be done with. There is expenditure on non- essentials that includes discretionary expenses like shopping, exotic vacations, and entertainment like movies or dine outs. Keep in mind that your discretionary expenses are to ensure that you are not overspending as compared to your estimated income.

Use an Old School Spreadsheet to Budget

There are tons of budgeting apps that can automate your savings, budget, and even pay bills for you. But even with all this new technology coming in, a simple spreadsheet is a better option if you have a fluctuating income. With the help of the spreadsheet, you can keep track of all your income, and know exactly how much you can afford to save and invest. Also, these budgeting apps only catch what is in your bank. You might receive cash tips or may even prefer to cash a paycheck than deposit it in the bank. Get started with the budget template for Google Docs or Microsoft’s official budget template for Excel. Insert all the numbers what you calculated, including essentials and non- essentials. Once you have figured what budgeting templates to use, pick a budgeting method. You could use the 50/20/30 rule and zero-sum budgeting.

Saving Targets

Convert all your financial goals into your savings targets. For example, if you plan to build a retirement egg over the next 30 years, start working backward. Look at how much you need to save quarterly, half yearly or yearly by investing in equities and debt in proportion to your income. Aim to make investments early during the month before making any household expenditure, and use your account to do it. If you find monthly investment a stretch, consider investing on a quarterly or half- year basis. Any excess in the personal bank account could go towards making further expenses.

Give Yourself a Paycheck

Create two bank accounts-one is your account, and the other one is your business account. Give yourself a paycheck every month by transferring money from your business account to your account. The amount that is transferred would be equivalent to your budgeted household expenditure with your savings target. The excess amount, which is in your business account, after paying the salary and other business expenses, will remain untouched. The amount could be used to pay non -recurrent expenses like taxes, and the rest could be transferred to your account as a quarterly or annual bonus. Use it to invest in equity and debt funds. You can even revisit your monthly checks after a year based on your new earning patterns. Paying yourself is helpful because the separate holding account would grow, and you will always have the amount to pay for the bills and live a comfortable life. Whatever is left over in the holding account, can be used to pay extra toward debts, could go into an emergency fund or can also be used as a cushion for the slower income months.

Create a Cash Buffer

Does the question arise that how would you give yourself a monthly paycheck when your salary is irregular? The three-month cash buffer comes in handy here. It should be made over and above your emergency fund. The cash buffer would ensure that your savings and the budget plan are going well because of a few bad paying months. Some of these funds could even be saved in good performing liquid fluids.

As compared to your regular nine to five jobs, working and planning your future on a fluctuating income requires more discipline in financial matters. By exercising certain restrain in expenses when income levels hit a high, and by resisting the temptation to create a cash buffer when it hits a low, you can not only get full control over your finances but also move closer towards your financial goals.


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Another hand you also can reach us at +65 6899 6188. Head down to our office to get free consultation 2 Jurong East Street 21 #04-01A IMM Building Singapore 609601.

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How To Save Money On Moving Across Towns In Singapore

Posted by admin
on February 4, 2020

A business-friendly nation, Singapore, is a global hub for businesses with its reduction in corporate tax. Singaporeans move across towns the reason for which could be a new job, move to a new house, move to a new college or school. What are the things you need to consider before being in transit from a particular town to another? A well-informed decision always influences the destination and the departure from the starting point. A well-thought-of pathway and how to consider the inclusions to get beyond the journey and settle down at a specific spot is vital in every minute detail. Let’s expound around the whole scoop.

1.   In The Throes

The information that follows a home move decision can initiate a destination. This is a warm-up where the homeowners and their belongings need to be transposed to a different location altogether. Don’t carry items that are so bulky and heavy that you have to hire two vehicles under a brand of packers and movers. The pinch and the grind lie in the costing for the journey. Declutter spaces at home so that the move is all sorted out. The total expense must be measured up to transport belongings. Offload your belongings, for instance, demote your furniture stack to some necessary items only. Fetch for yourself from a Yard sale. A garage sale could be implemented for smaller items. Also, Craigslist, eBay, and Etsy are great avenues to explore and enlist your items. Get in touch with the right locomotors who have deals and discounts on their packages.

2.   Seasons

The peak season for the packers and movers are the summer and winter seasons. When they are in the Pinnacle hours of their business, they get competitive. Towards the rear of the month, the contracts or leases expire. During the middle of the month or at the beginning of the month, the tribe of packers and movers slacken in their ebb and flow. It is the academy or university that begins during the summers, so in contrast to other periods seasonally, the rates for doing business are comparatively low. It is during this time you need to strike up a deal. The applied knowledge of off-seasons and the on-seasons must be brazened within the functional talks between homeowners and the movers.

3.    Better Packers and Movers

The main crux here is that the very first packers and movers that you confront shouldn’t be your first choice. Check on stipulations and speculations to draw your estimates form the list of packers and movers that you put down to cross-check with from the many experienced people with insights on the same topic. The long-distance locomotors like American Van Lines and Long Distance Relocation Services specialize in cross-country dealings. They should be considered in talks about their functions and economy. Inferring a lower price, might separate extras that could cost you fringe benefits.

4.   Initiate The Move

Instead of hiring professionally pricey packers and movers, start with either a trailer to a van you own or hire a trailer to about a separate four-wheeler vehicle, or try U-Haul or Budget Truck Rental which could come cheaper rather than the bargains of the expensive locomotors. If the budget is sparse, the truck rentals could be cost-effective or even more economical, could be to hitch the move of items to your own four-wheeler either a van or a car. A one-way rental and only critical items in your own car is the best bet. You can also take recurrent trips in your own car to the destination where your move touches base or where your belongings land or have been moved to.

5.   Portable Containers

When you have to relocate, then move the parcelled items or goods to the mobile storage containers where all the goods are collected together and in one spot. The minute you make a move, cross-country or across towns, the storage units reach the desired destination, on axle and wheels. For example, there is a company called POD that has the necessary mobile vehicular infrastructure for exactly this kind of service. This eliminates all the fuss about the route and trip to and fro. This form of delivery is also pertinent to post the actual move. It would be approximately $1.5k for a cross-interstate trip.

6.   Shipment

If you don’t have furniture and other bulky items like cupboards, the freight or cargo can be shipped through FEDEX or United Postal Service for interstate movements for your belongings like accessories, artefacts, paintings, portable detachable chest drawers, and so on. Logistics is a system you are resorting to which can cost you far less than a reasonable mover and packer. This can be complemented with the other modes of delivery, as explained above.

7.   Frugality

Do not splurge inexplicably out of line. In cross-country journeys and interstate trips, you could save a lot of money of you accept help where fond family members or the members of your community can donate their vehicles for some temporary fixes till all your items are manageably transposed to the destinations in lieu of paying for costly packers and movers. For boxes and packaging tapes, search on Craigslist or Amazon for cheaper options rather than the findings at your local store or departmental store chains. The packaging tapes and boxes you find at discount shops are preferable as they are as good as the high-end retailer. Your friend could offer help like allowing you to redeem frequent flier miles. Such things in generosity could cut you some slack.

Now that you know of these pointers, you don’t have to literally rack your brains on how you can ply goods on a cost-effective basis. Do a thorough check with keeping a checklist for such transience that you can stroke off once the listing is over and done with.


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Looking for instant cash just keep in touch with Quick Credit licensed lender. We are your best choice to get a personal loan. Our officer will comprehend your overall situation after that, create the premium personal loan to fits you. All of our staff are full of money lending knowledge ready to give you the best advice. In addition, Quick Credit is a responsible money lender open on Sunday! Apply for your low-interest loan now!

Still, have any questions, just send an email to  enquiry@quickcredit.com.sg. Our officer will contact you as soon as possible. An alternative way to contact us is just to drop us a message here our staff will get back to you asap.

Another hand you also can reach us at +65 6899 6188. Head down to our office to get free consultation 2 Jurong East Street 21 #04-01A IMM Building Singapore 609601.

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