Don't Overpay for a House, Even in Today's MarketObviously, this is a simplified example, but one that has been occurring over and over again in the last few years. I know that it's expensive right now to buy a house, no matter where you go. What do you do in this situation? I recommend looking for, and buying, a home that needs some work. You should look for houses that are selling at about 80% of the average market value in a neighborhood. These houses will generally need only cosmetic work, and maybe a few minor repairs, but you'll save on the price of the house and have extra equity right off the bat. Stay away from houses that need plumbing or electrical work, unless you know someone that will fix it for free. [More] | Why You Should Invest In Real EstateOne of the great things about property is it enables you to leverage the ?20,000 to purchase a ?100,000 investment property (in other words, borrow the remaining ?80,000 from the bank). Now say the property market slows down to an average of only 6% return for the next 10 years. This would probably be a fair estimate in the UK, although there are plenty of markets which are growing more rapidly, lets concentrate on UK for this example. [More] | Trading the GapLarger gaps have a tendency to stay open more than small gaps - for example, a gap that is twice as large as the average gap (2.33%) will typically remain open over 60% during the session (although they may get closed again the next day). Likewise, a gap 3 times the size of an average gap will remain open almost 65% of the time on the day. At the top of the scale, gaps that are 3.5% larger than an average gap remain unfilled almost 90% of the time on the day they occur. They may only get filled 21% of the time during the week, too! [More] |
Changes to Insurance Plans Are Coming
Insurance can be one of the most expensive and scary things we spend our money on. Keeping up with the rules of the game is important. In this article, I share some information with you on what is changing for me, so you know about.
Introducing Glenn Dietzel!
Two Faces of Gold
With less than two hours left in the trading day, 165 names trading on the New York Stock Exchange have reached new highs, while just 12 have entered new-low territory for the day...(InvestingForLife Root InvestingForLife
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