Neel Cartoons Business Experts

Perth Business Blog

rainbow

Archive for the ‘Perth News’ Category

Keep track of your investments

Keep track of your investments

Many of us would love to build wealth and we all know that the best way to achieve this goal is by learning how and where to invest your hard earned money. Though investing can be a tricky subject and you might just find yourself flustered, everyone can develop an excellent investor mindset by knowing how to keep track on your investments.

When it comes to learning how to invest, it is great to be open to all opinions and listen to other people’s thoughts but the most important opinion when investing is your own. If you can’t trust yourself then who can you really trust? What is more important is you know how your investment performs. When you notice that things are performing great, it can help build your confidence.

Choosing the right investment, allocating assets to the short-listed avenues based on the final aim. However, these are not the only things that are so important for your investment success. Without knowing how to track your investment, you are on your way to loose money and control over your investments. It is a must that you track your investments on a regular basis.

Keep in mind that when investing, you always think about the long run. Tracking means keeping a close watch on your investments, understating the way they move upward or downward. A smart investor always tries to be more composed and don’t get panic with daily fluctuations and takes the corrective action at the right time.

Keeping track on your investment helps you know how your investments are performing. In a benchmark index, you can also compare your returns with those of similar investments. Another benefit of keeping track on your investment is know the warning signs if your performance is poor and for you to adjust your portfolio if you need to.

In other words, keeping track on your investment allows you to know your investment’s performance, how much you’re paying and know when it’s time to adjust and make changes.

Continue reading: https://www.moneysmart.gov.au/investing/invest-smarter/keep-track-of-your-investments

Record number of West Australians seek bankruptcy and deals to clear mounting debt

Whether you are a business or a private individual, going bankrupt can put a dent in your credit file. When you get a bankrupt notation on your credit file, it will stay on there for years. In addition, it can really affect how much credit can be loaned to you over the next few years.

More than 500 bankruptcies were recorded across WA in the three months to the end of March.

Going bankrupt is truly a pain. Even if you have the best ideas for launching a business, getting bankrupted is unavoidable. When a person goes bankrupt, he subconsciously tells lenders that you don’t have the capability to pay your bills back that you have a lavish lifestyle that you can’t afford. Lending companies and private lenders will assume a lot of things about you when you go bankrupt. Thus, if you can avoid going bankrupt, do everything in your power to do so. In other words, it’s in your best interest to do all the best in your power to avoid doing so if you can find a way to not go bankrupt.

People who are considering bankruptcy are obviously in a tough financial state. However, they should not lose hope – they should keep in mind that financial problems can be resolved using few little things that will get them over the edge.

Financial intelligence is actually the key to preventing bankruptcy. It should start with cutting off all of your major sources of bills, especially if you have a lot of monthly bills. From now on, it’s time to stop spending money on the things that you don’t need and to start saving your money up so that you can have cash at the end of the month.

As you can see, going bankrupt is really not an option for anyone, whether you’re a business, a professional service provider, or private individual.

But according to Perth Now, a record number of West Australians seek bankruptcy and are facing debt issues. For more on this report, read the full article here: https://www.perthnow.com.au/business/economy/record-number-of-west-australians-seek-bankruptcy-and-deals-to-clear-mounting-debt-ng-b88836784z