Saving N Spending

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Wine investment – what makes it a top shelf investment? Posted: 11 Apr 2014 07:58 PM PDT A wine bottle that is valued at $4,000 can reach $40,000 if the wine is exquisite. Some people have trouble believing that returns on wine investments can be that significant. In all honesty, everything’s possible in this domain. Top-tier earners that lost quite a lot of money back in 2008 are currently recovering, and if they haven’t given up investing in wine, why should you? Although the financial crisis is far from being over, there are aficionados who believe in the power of fine wine. People have turned their attention on this incredible liquid asset because they want to invest in something they can trust. While some are looking at traditional investments such as diamonds, art and gold, others are seriously looking to invest in wine. In spite of the high-risk and volatility, connoisseurs are confident that the market is stabilizing. And they’re right. Investing in wine – it’s all about knowing when you buy The start of recession in 2008 was good for the wine business because a lot of Wall Street brokers were collectors. They lost their jobs and their only way out was to sell off their wines. It was an excellent period for investors to buy. Another great period was between 2010 and 2012 when the Chinese started to hunt after the world’s most valuable French wines. Prices skyrocketed for a split of a second, only to drop because they left the market in 2013. Investing in wine is a long-term, gradual venture. Just like some other types of commodities (gold for example), it shouldn’t be more than 5% from the portfolio of an investor. Specialists agree that one must not buy wine as a leading part of their portfolio. Collectables like bonds and stocks generate insane amounts of cash only when they’re being sold. A top-shelf investment Investing in fine wine can be exciting, fun, and intriguing. Some people are in love with wine and they want to foster that fascination by making an investment. However, novices should get to know the market really well first. Buy wine for your own pleasure, don’t buy it as an investment because there are chances you’ll be disappointed. If it turns out that the value is good, then you can acquire more and start selling. Making sensible decisions and starting small is the key in the wine investment field. Having a solid wine portfolio could someday be extremely valuable, but to get there you have to be patient. It’s not easy to get into the wine market, and as a potential investor you have to know that buying wine is just like buying some other kinds of high-end purchases. The market can be unpredictable at times; it’s vital that you seize the moment. Connoisseurs know a good deal when they see it. Protecting your wine investment If you want your investment to be priceless someday, you have to protect it. Top-quality wine must be stored properly. Some investors are willing to pay hundreds of thousands of dollars for climate-controlled, custom-designed wine rooms. But if you can’t afford to have your own cellar, you can always buy your place in someone else’s. There are many wine storage providers out there, so it’s best to do a market search first. Only go for reputable names if you want your product to last for up to 5 years in excellent conditions. The number one enemy for wine is heat. Temperatures that are higher than 70° F can age a type of wine extremely fast. Even worse, your wine can be compromised if the temperature reaches 80° F and above. Apparently, 55° F is the perfect temperature, but that’s not an exact rule. There are other conditions that keep your wine aging properly such as light, humidity levels, and coolness. There’s no exact way to predict how much time a type of wine needs to reach maturation and become a valuable investment. Scientists have tried for years to uncover the great mystery behind wine foretelling. Acidity and tannins are two of the most important factors thus far. In terms of wine investing, there’s no doubt that starting such a business is tricky. You have to believe in the wine first, like it for its taste and buy it with the initial purpose of drinking it. If it turns out that the value of your cases increases, then you can easily call it an investment. The post Wine investment – what makes it a top shelf investment? appeared first on . Related posts: Wine can be a Lucrative Investment – For those with Money to Pour In Wine Investment can Provide a Rich Flavor to your Assets Pre-Paying for Wine – or En Primeur: Is it Always Such a Good Idea

Ways For Saving Money On A Home Purchase: It Is Possible Posted: 11 Apr 2014 07:38 PM PDT When it comes to buying a new home, saving every penny counts. After all, having surprise costs come up can affect your bottom line and the total amount of money that you are spending on your new place. While it may seem difficult, keep in mind that there are a variety of different ways that you can save money with your new home. It is possible to save money on your new home. Get Help Although it may seem like more money due to fees and commissions, getting help during your home purchase process can save you a lot of money and equally as many headaches. After all, it's unlikely that you'll have the time to do the research and put in the time to find the perfect home that you are looking for. A real estate agent or broker can use the information that they have in the market to help you find your dream home. They can also help you when it comes to getting that home for a price that may be even lower than market value. While getting help buying a home may cost a bit of money, it'll likely save you more money on the purchase itself, and you're also more likely to get a home that you completely love. Know What Your Priorities Are One of the first conversations you should have with your real estate agent or broker, or with yourself if you choose to go at it alone, is what you can and can't live with when it comes to your new home. Do you need a huge backyard and pool for the kids to play around? Do you want a small home that makes it easier to clean? There are a variety of considerations to take into account before you buy a home. Having this list drawn out will help you save money when you start looking at properties. If you fail to do this, you may end up paying for extras that you don't need, or missing out on things that mean a lot to you. Plan Ahead As soon as you know that it may be time to move or find a new home, it doesn't hurt to start looking and planning. That's not to say that you have to move immediately, but the more time you have typically means that you'll save more money in the long run. By having plenty of time to prepare, you can keep your eye out for great properties that offer everything you want. If you wait until the last minute, you may end up with limited options and having to buy a home that is too expensive, without offering everything you desire. It also helps to start saving money once you know you'll be in the market for a home. Mortgage Bankers Acceptance Company, a company that specializes in Sacramento Mortgage Loans suggest that the more you can put towards a down payment, the better off you'll be when it comes to needing to borrow money for your home purchase. Consider Extra Costs Keep in mind that with your move, there is also likely to be other fees associated with buying a new home. You'll have to pay taxes, buy new furniture, pay towards an HOA and more. A real estate professional can help you better prepare for these fees, but in order to save money you should know what to expect before you start looking. Don't Skip The Inspection Once people find the home of their dreams, some choose to skip getting a home inspection because they are happy with their purchase. However, a home inspection can reveal potential concerns that could cost home buyers more money in the future. A home purchase isn't just about the initial cost, but additional fees that could come up later down the road. In order to make sure these are limited, pay to have a home inspection. You can save money when purchasing your next home. In order to do so, be sure you follow the tips mentioned here. The post Ways For Saving Money On A Home Purchase: It Is Possible appeared first on . Related posts: Saving Money With A Whole Home Performance Audit Four Tips For Negotiating The Best Deal On a New Home Important Things to Remember When Buying a New Home

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