Daily Investment Tips

George Soros is retiring from hedge funding business. The billionaire hedge fund manager is returning money to outside investors in his $25.5 billion firm, ending a career as hedge-fund manager that spanned more than four decades.

Soros, will hand back the money, less than $1 billion, by the end of the year. His firm will focus on managing assets solely for Soros and his family, according to a letter to investors.

George Soros Reason for Retiring

George Soros’s sons said they took the decision because new financial regulations would have made it necessary for the firm to register with the Securities and Exchange Commission by March 2012 if it continued to manage money for outsiders.

George Soros legacy

Soro’s will forever be remembered a speculator, who in 1992 made $1 billion betting that the Bank of England would be forced to devalue the pound.

In the last 30 years, he’s given away more than $8 billion to promote democracy, foster free speech, improve education and fight poverty around the world.

written by Constantine Njeru \\ tags: 1 Billion, Assets, Bank Of England, Billionaire, Education, Fight Poverty, Free Speech, George Soros, Hedge Fund Manager, Investors, Legacy, Money, More Than Four Decades, Outsiders, Poverty Around The World, Reason, Retirement, Securities And Exchange, Securities And Exchange Commission, Speculator

Investing money wisely has never been easy, those who say it is easy only talk about investing but never try investing.The following investing tips will help you in your dream of investing money wisely.

1. Learn About Investing

Knowledge is power. Learn about finances, economy, reading and analysing company accounts. You can self educate yourself or pay for investing classes. The more you understand about how investment work the easier it will be to make an informed decision.

2. Don’t put all your eggs in one basket.

This has to be the number one rule of investing money wisely. Diversify your investments. Make a Proper Asset Allocation (Mix of bonds, stocks and Cash)

3. Open an Investment account

Open a bank account where every month you deposit a percentage of your monthly income. The money in this account should be used only for making investments.

4. Ignore Markets Up and Down

Markets are volatile and will have its swings the best thing is to ignore them. Nobody can predict what will happen in the short term, but history has taught us that over the long term markets move upwards.

5. Ignore The Noise

Everyday analysts and economists make predictions, estimates and give their view on how things will go, the media covers these reports extensively. The problem is that more often than not these reports are contradictory and confusing to the investors. Conclusion: Just ignore the noise.

6.Make changes as needed

Things change; you grow older and closer to retirement, you will have children, get a raise/promotion etc. Your portfolio should not be static and needs to change as your circumstances change. Make changes as needed.

7. Buy Index Fund

If all the above sound confusing just buy an index fund that tracks major indices. History has taught us that over the long term markets move upwards.

written by Constantine Njeru \\ tags: Analysing, Bonds, Buy Index Fund, Circumstances, Company Accounts, Economists, Eggs In One Basket, Estimates, Investing Money, Investing Tips, Investment Account, Investment Work, Knowledge Is Power, Major Indices, Money Investing, Money Investments, Proper Asset Allocation, Retirement, Swings, Term Markets

Let’s say your current home is valued at $400,000. You likely will need (conservatively) about 1% of that sum each year for property taxes on average ($4,000), about 1% for repairs and maintenance (again, $4,000), and about $500 for homeowners insurance. Annual bill: $8,500.

A relatively safe rate of withdrawal in retirement is 4%. So you would need $212,500 in savings ($212,500 x 4% = $8,500) just to support your home.

written by Constantine Njeru \\ tags: Homeowners Insurance, Insurance, Property Taxes, Retirement