Economic keys to a good start 2014

Tips to survive the January slope

Wednesday, January 15, 2014

Take advantage of tax benefits, invest head and not get carried away by the 'bargains' are some of the keys to successfully tackle the dreaded hill of January. through a Decalogue, the European association of financial advisors (EFPA) gives the keys to a good start 2014

- Eliminate unnecessary expenses, especially of products and services used or sometimes
- Out of debt that can not be paid. for it is desirable to organize and analyze the budget to meet the fixed costs
- Do not forget that increases the price of many commodities, such as electricity bill whose cost has increased 2.3 percent, transport and motorway tolls
- Be aware of the tax benefits of some products such as mutual funds and pension plans
- You can reduce the overall personal income tax base with contributions to pension plans in which there is no charge for the benefits that are generated
- Review the conditions of financial products, many of which expire or change with the new year
- Invest in profitable products with professional advice, especially after the return of deposits has fallen sharply due to limitations of Spain or the bank rate cut by the European issuer
- Not improvise and go to a personalized financial plan with the help of a consultant to get more out of savings
- Weigh the request for a loan to be a risky product. learn, invest time and review contracts with banks
- Pay attention to you default interest and fees related to avoid unpleasant surprises
- Doubt the 'bargains' that present certain financial products and actually hide very high interest rates and be careful not to make use of overdraft credit cards
"In a crisis situation like this, and given that the slopes of January the last seven years have been very hard, I would say that this beginning of year 2014 is best presented" detailed to idealistanews director in Spain of EFPA andrea-candidate races, do not hesitate to say that now "we can be more optimistic as the economic recovery in the eurozone is already a reality and the situation in the financial markets has significantly improved (reduced volatility assets and increased profitability) "
While improving the portfolio considered candi-key races go to a qualified financial advisor in order to "ensure that it is investing in the best product"

The purchase of a Home as an investment vs Stocks

8 aspects that question the buy

Friday, January 10, 2014 -

In recent years bulding was positioned as a favorite investment of the Spaniards. Thinking about the price of housing never goes encouraged many people to buy a flat with the intention of selling in the short term to achieve major gains. However, , a home that is not used is a bad investment. Further believes that investing in a home takes more costs to invest in stock market

We can consider eight arguments:

1. housing is a valuable asset but believes that a house that is not used is a bad investment. "You have to paint it, fix it, maintain it, pay for electricity, water, taxes ... If we estimate that the annual maintenance cost is 1% of its value in a hundred years will have spent on maintaining housing an amount equal to what it cost us, "judgment

2. indicates that for rented accommodation had been as profitable as the bag in the last 100 years should have earned an annual return of 6.08%, which is the actual appreciation rate dow jones bag wall street in the last 100 years, including dividends and adjusted for inflation

3. It's Not true that the price of the houses dont goes down

4. All investors can buy shares but is not possible for everyone to purchase houses for them rented.

5. Investing in housing costs leads many to invest in stock market. Input, have to pay for a flat 7% of transfer tax, to which must be added between 1% and 3% in registration fees and notary. In total, the cost ranges between 8% and 10% of the home value. But the fees and expenses to buy shares ranging between 0.2% and 0.5%

6. To buy a good house needed a lot of money. For this reason, many people invest in low-quality housing and unattractive areas, which in the long term ends up not being profitable

7. Housing investment diversification does not allow the majority of investors, they should put all their savings in a single well

8. Manage a portfolio of stocks is easier to manage property assets, says Serrano. Buying or selling a home is more complicated and takes longer to do the same with actions