Tag: investment
Three Tips for Advisors to Stay Out of Trouble With the Law
While the world is suffering from a deadly pandemic, there are many opportunists out there that see this as a chance to invest in many businesses before the economy bounces back. Every investor believes what comes up must come down and vice versa, so now is the best time to invest while the market is crashed! Vanuatu business opportunities are one of those you should definitely take a look at if you don’t want to miss out on good investments. However, who to say that you won’t get into any legal trouble? Check out the tips here for advisors to stay out of trouble with the law:
Avoid Self-Dealing
Let’s say you are trying to advise a client to invest in a start-up business or donate to a charity, but what if the client founds out in a few months that you are actually serving as the board of directors or you own a share in that business? They could terminate the dealings and proceed to sue you for biased financial advice, so you should steer clear from self-dealing as much as you can to avoid getting hit with dangerous legal litigation and ruining your image.
Practice Clear Communication
When you deal with some wealthy clients, they may be quite eccentric or ill-educated, so it’s best that you use clear and concise communication with fewer big words to spark their interest in investing. Words like “inexorably” or “oeuvre” might go inside one ear and out the other if your clients are not aware of its existence, and if the investment goes south, they could sue you for the failure of communication or misleading instructions, so you better use simple words that are vague in meaning like “moderate” or “considerably” if you want to stay on the safe side.
Fight Shy of Conflict of Interest
Let’s say you are a police officer, and one day you caught your own son dealing drugs, but you let him go because of your connection with him and your love as a father. Now that, my friends, is what you call a conflict of interest. In simple terms, it is like an internal struggle between your duties and personal feelings, just like what I described in that short vignette.
Your client deserves your professional advice more than your friendship, so always prioritize your duties over your biased feelings. Don’t let their extravagant gifts, paid luxuries, or friendship persuades you to distort the line between professionalism and camaraderie; that could lead to many entanglements with the law, and if they go down, there’s a huge chance you will go down with them as well.
The Takeaway
Being a financial advisor is a tough job, especially in times like these when uncertainty is high. You thought that you are playing on the sidelines when in fact, you are being pitted against the horns on the front lines almost 80 percent of the time. So, please keep these tips in mind if you want to stay out of trouble with the law.…
Property Investment Tips
The process of property investment is such a crucial decision such that it can lead you to make big losses or to reap rich rewards. You probably have seen, read or even heard of some seasoned investors who have been rewarded handsomely with good returns. It is everyone’s dream to enjoy such rewards. However, property investment requires a lot of commitment .it is not an easy process as many people think. This means that you need to know how the various properties are chosen in order to protect your investment against the debt burden.
Avoid going beyond your budget
Most individuals have found themselves investing in properties which they are 
not sure whether they would get a good return from them. First timers are so eager such that they tend to overspend their resources on a property which they do not know much about it. Such people are encouraged to study the current real estate market to
establish the difference between the good investment and a bad one. This will help the investor to learn how it fluctuates as well as the factors affecting it.
Decide on the type of property that you would like to invest in
The different types of properties include land, residential, industrial and commercial property. These properties are further classified into apartments, single-family houses, sites for factories and restaurants and many others. They can provide you with a good source of income. You need to know that different properties are suited for specific areas. For instance, single-family houses are suited near industrial areas.
Take into account of the hidden cost
Remember that there are other costs apart from the property’s cost when you are budgeting. These include taxes and land rates, and they might end up affecting your budget significantly.
Look for valuers and other building professionals
You should hire the services of professional valuers when determining the value of your property. This professional also plays a crucial role in educating their clients about the property rights laws and rights of both the tenants and the landlords. Another important professional is the property manager who can assist you when it comes to taking care of the maintenance issues. He can also manage the property on your behalf.
This helps in avoiding conflicts with the tenants since he or she acts as the middleman. The property manager also ensures that neither the landlord nor the tenants violate the lease agreement. Other professionals include plumbers, building inspectors who have knowledge and skills on construction and remodeling.…
