People who engage in investing of any kind frequently seek advice and tips in an effort to maximize their returns. Many sources for investing tips, however, are little better than educated guessers that charge you money for advice that is frequently available for free if the investor is willing to make the effort to uncover it.
With this thought in mind, here are some tried and proven investing tips that won’t cost one red cent.
1. No one cares about your investments as much as you do.
It is possible to turn all investing decisions over to an “expert” who will produce huge returns for you for next to nothing in the way of charges while you are free to sit on the beach and sip tropical drinks.
Obviously, this statement is patently false, yet investors fall for it and its many variations all the time. No one knows in advance what the outcome of any investment will be. It is possible to be right 90 times out of a 100 and still lose money. In investing, low risk equals low returns.
Take the time to determine your investing objectives and the investments that best suit those objectives. Even the best investment adviser on the planet has a handicap of which you are free: The adviser must attend to the accounts of as many investors as possible. You only have to monitor your own.
2. You can do everything right, but still lose money.
This is difficult to accept. Hours spent on research and investigation culminating in what is absolutely the best investment you ever made goes against you for no reason. The worst part is that there is no one else to blame. It would almost be better if you could blame somebody, but keep in mind that an advisor is owed a fee that reduces the gain from a profitable investment, but makes a losing investment even tougher to swallow.
3. Decide prior to committing investment capital what is the maximum dollar or percentage amount you are willing to lose.
Losses are part of investing. More importantly, all big losses start out as small losses. People are naturally competitive and want to win. This is especially true of investors. Even though it will seem like every time you limit a loss, the investment immediately reverses and would have returned a huge gain, resist the temptation to stick with an investment at all costs.
If you are going on vacation overseas, and you need good coverage, you should look into travel insurance. Travel insurance can provide protection against theft, political events forcing you to evacuate and medical costs. There are other types of insurance as well so don’t be afraid to ask for a specific insurance policy. What are some things you should know about your travel coverage?
Cost Of Insurance Is Relative To Cost Of Trip
The more expensive your trip is, the more you are going to pay in insurance costs. Expect your travel insurance costs to be around 5-10 percent of your overall travel expenses. A travel insurance package would cost roughly 200-300 dollars for a 3000 dollar vacation.
Children Are Inexpensive To Cover
Your children should be covered by any policy you decide to get. The best news about insuring your children is that it costs little to nothing to get coverage for them. Ask about costs for your children if you decide to buy travel insurance. Your kids should be a priority if you go overseas so you should be sure to put this on your list of questions to ask.
Understand When Your Coverage Kicks In
It would be a good idea to ask about whether your insurance covers costs, or will pay you back what you have spend out of pocket. This will ensure that you have the funds to cover anything that happens to you in case you only get your money back after the fact. You don’t want to be stuck in a foreign country with no insurance because you didn’t read the fine print of your policy.
Travel insurance can be a great way to make sure that you are covered if anything should happen on your trip. If the trip gets cancelled or interrupted it would make your day a lot better to know that you will have coverage to help pay for costs. You never want to be on vacation or a business trip and not have any cash on you. Be safe and get the best travel insurance you can find that fits within your budget.
Whether you are on a personal vacation or on a business trip, the expense of car rental insurance is a necessary one that is going to be around whether we like it or not. For most people on a trip, having any kind of accident or emergency inside a rental car has the ability to bankrupt us or the company that we work for, and neither of those is an acceptable outcome. The only real solution to this problem is car rental insurance.
However much we have to hold our nose and get car rental insurance when we used a rental car, there are still plenty of ways to reduce the costs that are incurred with this expenditure. This article will discuss a few of the ways that you can save a great deal of money on car rental insurance.
– Have rental insurance on your normal car insurance policy
Many car insurance policy will often include the ability to have automatic insurance put on your rental car. 11 times out of 10, this type of rental car insurance will be less expensive than the insurance that you will get at the rental car dealership. So if your insurance company offers this type of rental car insurance, take it. If it does not, you might want to consider switching up to an auto company that does.
– Get the smallest car available
As you might have thought, the smaller or economy sized cars on the car rental lot do not require as much insurance. The more expensive the car, the more you will be paying for insurance. So unless you’re meeting a celebrity or trying to get the Executive Vice President position in your firm, you can definitely get by with an economy car for the weekend.
– Keep your credit good
Believe it or not, your personal and business credit does play a role in the amount of money that you will have to pay for your rental car insurance. Those companies that do not allow you a discount are doing you a disservice. Choose a different car rental company, because there are definitely companies that take this into account.
– Get insurance under your business
Especially if you work for a large corporation, see if you can get a group insurance rate under the name of your business rather than having to take out the rental car insurance under your personal name.
If you are looking for cheap health insurance quotes, you know this process is no easy task. There are so many plans that it can be difficult to choose between them. Here are some tips for finding a good health insurance plan that best meets your needs.
Know Your Priorities
Before you start evaluating health insurance plans, you should write a list containing several of your top priorities. To some individuals, the most important thing is to be able to stick with their favorite doctors. Other people simply want the cheapest health insurance coverage possible. Once you identify the things that are most important to you, you will have an easier time weeding through the various health insurance plans.
Decide on the Type of Plan
Health maintenance organizations (HMOs), private fee for service plans (PFFSs) and preferred provider organizations (PPOs) are the three most common types of health insurance plans. Health insurance holders receive different kinds of benefits and services with each plan, and they have different payment rates.
An individual with an HMO plan typically pays less for overall coverage, but this person must typically receive care from providers in the provider’s network. These plans can be limiting and can be a hassle because referrals are required to see specialists.
The PPO allows for a lot more flexibility than the HMO plan. These plans cost more than HMO plans, but individuals covered by PPOs are typically afforded more coverage and flexibility. An individual with a PPO does not need to have one primary doctor. A person insured with a PPO plan does not typically need a referral in order to see a specialist. These individuals will pay more for these plans because they are able to see just about any doctors, not just those in the plan’s network.
The last plan type is the PFFS. Individuals insured with this type of coverage can see any doctor or health care provider who will accept the payment terms of the plan. This type of plan is unique because the insurance provider pays a predetermined fee for the services that the insured parties receive.
While home insurance adds an expense to your budget, it also provides security for homeowners and renters. By purchasing home insurance, you save money in the event of natural or man-made damage to your home or possessions. Make home insurance a priority for peace of mind and financial security.
Even if you do not live in tornado alley, home insurance is a wise investment. Damage from hail, ice, wind, lightning, theft or accidents can destroy your home or personal possessions. Home insurance covers repair or replacement and saves you from paying out- of-pocket for a new home.
Home insurance policies cover the replacement of your primary dwelling, outdoor property structures and household contents. Be sure to purchase guaranteed replacement value insurance. With inflation, you will pay more to rebuild your home or replace your possessions than you paid to purchase the items. Ensure you can afford to recover after damage by purchasing guaranteed replacement value insurance.
If you own jewelry, antiques or collectibles, add an endorsement to your home insurance policy. To add an endorsement addendum, secure an appraisal for the valuable items and send it to the insurance company. Endorsements expedite the claims process if your valuables are damaged, lost or stolen.
Add loss of use coverage to your home policy. If you must leave your home due to a covered claim, your living expenses are covered. Pay for hotel, restaurant or transportation fees until your home can be fixed.
Accidents happen. By including personal liability protection and medical payment coverage in your home insurance policy, you protect yourself. If someone files a lawsuit or requires medical treatment after sustaining an injury while on your property, you can file an insurance claim to cover your financial obligations. Personal liability protection and medical payment coverage provide important protection after accidents.
Make sure you update your home insurance policy annually. Increase coverage if you make home improvements or purchase expensive furniture. Evaluate your coverage if you install a swimming pool, erect a trampoline or tear down a garage.
Home insurance pays for replacement or repair sustained by your primary dwelling, other property structures, and personal possessions. You can also include insurance coverage for loss of use, liability and medical payments. Despite the expense, homeowners and renters cannot afford to drop home insurance.
Many of the independent third party experts that study the car insurance market have agreed: The average citizen in the United States actually pays out over twice as much money as they need to for car insurance over a lifetime. This is, without a doubt, one of the largest expenditures that the average citizen takes on over a lifetime, and as people look all over for ways to slash their budget expenses in the wake of the largest recession in a generation, many people mistakenly think that they can not hope to slash this large expenditure, when nothing could be further from the truth.
Car insurance can most definitely be negotiable; however, you must absolutely use the information that is freely given to you on the Internet in the form of car insurance comparison sites. These sites, full of information which a generation ago would not have been available except through the most elite of connections, now have the information that will allow you to negotiate the car insurance prices that you thought were completely set in stone.
The best of these websites will compare the most reputable car insurance companies side by side so that you can compare not only the prices of these companies, but also the value that they will give you to for the price that you pay. You can also get the information which compares these programs individually to the market as a whole. This is quite important as you must know if the prices of the companies that you compare first are even in the ballpark. If not, then you know to completely eliminate those companies from your discussion.
Another reason that many people overpay when it comes to car insurance is because once they find these websites which compare the companies side by side, they do not bookmark the pages and continue to come back for the deals that may outstrip the current deals that they have.
The car insurance industry is one of the most competitive in the world, and the company that has the best policy one day might not have the best policy later. Companies that are in competition are always creating new deals to lure customers away from each other. In order to keep your costs down to a minimum, you should be taking full advantage of every single one of these deals – this is also how your current company will be more likely to negotiate.