income.com http://income.com Starting A Business | Online Business Ideas | Make Money From Home Fri, 01 May 2015 13:16:01 +0000 en-US hourly 1 Chase Cracks Down on Cash… Is Your Bank Next? http://income.com/4216/chase-cracks-down-on-cash-is-your-bank-next/ http://income.com/4216/chase-cracks-down-on-cash-is-your-bank-next/#comments Fri, 01 May 2015 13:15:15 +0000 http://income.com/?p=4216 The War on Cash Escalates

The Federal Reserve bank and its owners, the largest banks on Wall Street, want badly to be able to charge you interest for the privilege of depositing your funds. The problem is getting you to stand for it.

Depositors already complain vigorously about zero percent returns on checking and savings accounts. If they must start actually paying the bank to hold funds on deposit, many will opt to simply withdraw the cash and stuff it under their mattress or into a safe deposit box. That simply won’t do.

The Goal Is to Force You to Deposit Cash and Charge YOU Interest

Bankers in the U.S. can learn something from the Swiss. The Swiss National Bank recently implemented negative interest rates without first solving the “problem” of how to prevent cash from fleeing the banks. Predictably, depositors started doing some math.

In one example, a sizable Swiss pension fund, calculated it would save 25,000 francs for every 10 million it held in the bank by simply withdrawing those millions and taking the bales of paper francs to be kept in a vault. The vault storage fees are less expensive than the negative interest rate.

Jumping the gun on the implementation of negative rates put the Swiss banks in an awkward situation. Like all fractional reserve lenders, they don’t have anywhere near enough cash to make good on the withdrawals that may be coming. The bank holding the pension money had little choice but to refuse the client’s demand for millions of francs – funds the client is contractually entitled to. Telling clients “sorry, you can’t make a withdrawal” never goes over too well!

Nevertheless, the Swiss National Bank is sticking to its guns. It is encouraging retail banks to be “restrictive” with regards to cash withdrawals. And it is berating actors such as the pension fund for trying to circumvent negative interest rates. Apparently no one should be questioning the wisdom behind the policy! But the bluster isn’t hiding the fact that bankers stand upon shaky legal ground. The potential for a run on the banks remains.

Insiders here look anxious to avoid a similar situation. Willem Buiter, the chief economist at CitiBank, thinks he’s got the answer to this banker’s quandary. Simply abolish cash. Or tax it punitively. He isn’t the only one supporting this radical solution. Other economists, including the prominent Harvard professor Kenneth Rogoff, also think banning cash is a grand idea.

If depositors’ response to negative interest rates is predictable, so is the reaction from central planners. Effective herding is all about limiting the escape routes for members of the herd.

Eliminating physical cash may well be a longer-term project, but it is not something the Fed can likely implement any time soon. In the meantime, there are other ways to prevent depositors from making their escape.

For starters, officials can criminalize the use of cash above certain amounts.

Banks can also implement new policies of their own. Joseph Salerno from the Mises Institute discovered JPMorgan Chase leading the way. The bank very recently began test driving new rules in Cleveland as well as other markets.The bank will no longer accept cash from customers who want to use it to make mortgage payments, pay credit card balances or to cover their automobile loan.

No Cash or Bullion Allowed in Safe Deposit Boxes

Chase also rolled out new restrictions on what can be put into safe deposit boxes. The “Updated Safe Deposit Box Lease Agreement” customers must sign states, “You agree not to store any cash or coins other than those found to have a collectible value.”

Expect other banks to follow suit shortly. The new rules go on top of decades of inflationary monetary policy, making paper currencies worth perpetually less over time. Clearly bankers are plumbing customers’ tolerance for pain.

More and more people will be looking for ways to make it stop. This is where things promise to get interesting for gold and silver investors.

Financial repression, the attempt to force citizens to accept the government shears, has long been a driver of demand for physical precious metals. This demand will accelerate as measures become more draconian. Some bank customers, perhaps even the Swiss pension fund mentioned above, will decide that bullion is a better option than sitting on bales of depreciating paper currency or paying banks to hold deposits.

Here in the U.S., the banks are central to just about all bureaucratic efforts at control. Look for droves of people to try and sidestep the banks and the dollar itself. The next decade or two is almost certain to see rapid innovation in alternative ways to store value and transact. Ways that preserve privacy and are beyond the reach of bureaucrats. As these new systems seek to gain trust and acceptance, precious metals are almost certain to play a much bigger role.

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9 Character Traits That Every Successful Entrepreneur Should Know and Have http://income.com/4210/9-character-traits-that-every-successful-entrepreneur-should-know-and-have/ http://income.com/4210/9-character-traits-that-every-successful-entrepreneur-should-know-and-have/#comments Thu, 30 Apr 2015 17:19:35 +0000 http://income.com/?p=4210 There are a vast number of character traits that are very helpful for any entrepreneur who wants to start a business. These traits will sometimes depend on the type of business that you will be engaged in, but more often than not, there are a few that are common amongst most successful entrepreneurs.

Below are some of the more important character traits to aspire to have if you want to be a success in business.

1. Unstoppable

Most successful entrepreneurs are unstoppable when they decide they want to achieve a certain goal. This is a good characteristic to have because the very nature of business is such that, many obstacles will come your way and you will need to see past the obstacles and go through them in order to achieve any results that you have set out to accomplish.
Beyond being competitive, motivated and determined to achieve your goals, being unstoppable means that when extraordinary circumstances take place, you will have the temperament to stay the course and look for ways to overcome the challenges.

2. Good instincts

Being unstoppable is one thing, but being able to know that you are unstoppable with the right goals is very important, especially if you want to avoid self-destructive behavior. Being goal oriented means that your actions always have purpose and that they are driven by an unwavering compulsion to achieve predetermined goals and objectives.
Having the right goals ingrained into your psyche will be seen by other people as ‘having the right instincts’.

3. Dominance

Beyond having confidence, the most successful entrepreneurs have the characteristics of what outsiders would term as dominance. From the view point of an entrepreneur, it is important to have so much confidence in what you do that you become a force to reckon with in business.

Be careful, however, not to take this character trait overboard and become arrogant, overly egotistical and hubristic, like many well-known entrepreneurs have unfortunately become.

4. Passionate

Being passionate is probably one of the most important character traits to have as an entrepreneur. Without passion you will not have the drive or the will to wake up in the morning and go to work when things are not going as they should. Passion, in other words, is the fuel that will drive you when things are great and more importantly when things are not so good.

It is important that you either develop a business that is based on your passion or that you make sure that you have some day to day activities that involve engaging in your passion.

5. Financially savvy

Being financially savvy is very important for any entrepreneur who wants to be successful. This does not mean that you should have a bachelor’s degree in finance or accounting, it just means that you should know the fundamentals of nurturing money and managing money through budgets.

Without having to consult your accountant (though you should), you should be able to know the financial position of your business and know what you need to do to be able to take your business to the next level. More importantly, you should know how to create a budget and stick to it if you want to be successful.

Within a very short time and through experience, most entrepreneurs learn that being successful in business is about doing ordinary mundane things to perfection and not doing extraordinary things sometimes. Being able to have an objective and educated discussion with your finance team is important.

6. Independent

As an entrepreneur, being independent in both action and thought to some extent is crucial. This means that, when no one believes what you are trying to achieve through your business, you will be able to turn inwardly and plough through all sorts of cynicism and negative attitudes in order to become successful.

In the same light, if you want to achieve out of the ordinary results, you will need to be a trailblazer in your industry, and this takes having an independent attitude towards certain things.

7. Humility

It may seem contradictory that one person can be dominant, independent and humble at the same time, but the truth is, as an entrepreneur, you need to have such self-mastery that you are able to have the right balance of each of the character traits mentioned here. You also need to know when to suppress certain character traits and when to repress some of your tendencies.

As such, being humble enough to ask for help when you need it is very important if you want to be a successful entrepreneur. When you need help, you should be able to ask for it and be able to share your victories and failures with those who have helped you on your way to success.

8. Resilience

Most entrepreneurs will tell you that if they did not hang in there when things were tough in business, they would not have achieved anything significant in their endeavor. Resilience means being able to pick yourself up and get back on the horse when you fall or fail to achieve a certain goal.

Since setbacks, chaos, difficulties and challenges in business are inevitable, having resilience goes hand in hand with being a good entrepreneur.

9. Focused

As an entrepreneur, you will soon realize that your business calls for your attention in many different directions. You will not only be required to be different things to different people, you will also need to be purposeful and focused in your actions so that you are able to block out distractions when you need to and focus on the tasks that will take you where you need to go.

In other words, always taking action that will take you towards your ultimate goal and avoiding actions that take you away from your ultimate goal is an important character trait to have as an entrepreneur.

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How To Make Money With Ebay http://income.com/4136/how-to-make-money-with-ebay/ http://income.com/4136/how-to-make-money-with-ebay/#comments Sat, 11 Apr 2015 15:57:04 +0000 http://income.com/?p=4136 There is a lot of money to be made as a seller on eBay. Thousands and thousands of sales are made each day, resulting in a lot of income for a lot of sellers. And there is still room for you if you want to get involved – whether you want to earn some part time cash or set up a whole new full time business on the side.

But where do you get your stock from? How do you get started? And how can you build a business that gives you PowerSeller status? Relax – you’re about to find out.

It’s easy work to get started earning money on eBay. Once you’ve signed up for your free account the best way to get a feel for what selling is like is to auction off some of your personal items that you no longer want. If you are going to start buying stock to resell, you’ll do better by getting some basic selling experience first.

While we are on the subject of stock, you’ll need to decide what kind of business you are going to set up. Of course you can sell anything you like, but if you want to make a name for yourself it helps to become known for selling a specific type of product.

Now that doesn’t necessarily mean your product area needs to be a small one; on the contrary it could be quite large. You could sell toys for example – there’s plenty there to keep any seller going for months on end without selling the same thing twice. You do need to pick a popular product though, and it’s worth doing some research using eBay’s advanced search feature to find out what is selling and how much it’s selling for.

So let’s say you want to sell computer games, for example. There are hundreds of games you could buy to sell here, but if you don’t know which ones will sell you could lose a lot of money buying the wrong stock. By searching the ended listings you can see which titles consistently sell well, and which ones will produce the best profit for you.

Okay – so you know how to figure out what to buy. Now you need to know where to get it from. It stands to reason that no seller is going to tell you where they get their stock; that would be like giving away the keys to their business. In order to find the best sources for stock you need to do a bit of legwork.

We should mention here that there are two main sources for stock – wholesalers and dropshippers. Both have their pros and cons; it just depends on which method you personally prefer.

Dropshippers hold all the stock for you, so you only actually pay for an item once you’ve received payment from the customer. You may have to pay a fee to join the scheme in the first place though. If you choose to go with one or more wholesalers you will need to have the room to buy the stock, and the money to buy it in advance. This comes with more risk since you could buy stock that doesn’t sell, but with the tactic we’ve already covered for checking completed listings before you order anything, the risk here should be kept to a minimum.

So – back to where to find these sources. If you have a particular product in mind that you want to sell, the simple act of looking at the packaging can often reveal the name of the supplier. You can then check out their website to see what else they do.

Another method is to search for what you want on Google. This sounds deceptively simple and in fact many people don’t think of doing this. It can be a bit hit or miss, but it’s possible to find some excellent wholesalers through this method. Over time you will go from having one wholesaler to a handful of sources to get your stock from, and you can build up your product range as you start to grow.

Building your feedback is an important part of being a good seller and the higher you can get your score the better. It sets you apart as being a dedicated seller. And the faster your score climbs, the closer you get to attaining PowerSeller status.

The PowerSeller symbol is highly prized among serious eBay sellers, and there are five levels to strive for. The first is Bronze, and it’s a lot easier to reach than you might think. While you might set a goal for yourself to reach PowerSeller, you will find that if you build up your product range and gradually increase your sales, you will reach it in no time. And if you get off to a great start you might just do it in three months – the minimum time you can actually do it in.

Many sellers have their own shop on eBay, but it’s not necessary when you first get started. In fact you are often better off waiting until you have a good range of stock before opening a shop, since it can look rather empty if you only have a handful of items.

The final thing to think about is the price of the items you are selling. It stands to reason that if you sell a hundred different products in the $5 to $10 price range, you won’t make as much cash as you would selling a hundred in the $50 to $100 price range.

But you need to work out what you enjoy selling and what you can sell lots of to experience real success on eBay. Don’t go for expensive products just because they might bring a bigger profit. Go for your calling – that’s where you will experience the biggest success.

Above all, remember that it can take time to build a successful business – but if you’re determined to achieve real success on eBay you should be enjoying the journey.

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25 Top Bloggers – Here’s How To Make Money Blogging http://income.com/4100/27-bloggers-who-make-amazing-money-from-their-blogs/ http://income.com/4100/27-bloggers-who-make-amazing-money-from-their-blogs/#comments Fri, 10 Apr 2015 17:19:31 +0000 http://income.com/?p=4100 According to Google, approx 5,400 people a month search for the term: How To Make Money Blogging.

So I thought I would do some research on the top 25 bloggers and how they make their money so I could share it with you here.  But there are tons more success stories out there. The internet is filled with people quietly making an amazing income with their own blogs or websites. Most of which we never hear about.

Some of the blogs I found while researching this article are fairly popular “well known” sites now, but they all started out just the same as any other blog.

I love looking through lists like this, they inspire me to work harder and help keep me motivated towards my own goals of $100k a month for this site. I would also love to hear from other bloggers, or aspiring bloggers in the comments below.

Browse through the list and get inspired and when you are ready to start your own blog, check out our step by step tutorials here.

A quick disclaimer before we move on…

Some of the sites in this list have been estimated or given a “best guess” so they are likely not 100% correct. But I have included the estimates to give you some idea of the potential of this type of online business. If you have any more accurate information, please let me know and I will do my best to keep this list updated.

The Huffington Post – $2,500,000 p/mth

The-Huffington-Post

Founder: Arianna Huffington
Estimated Earnings: $2,500,000 per month
Method of Earnings: Pay Per Click

TechCrunch – $800,000 p/mth

tech-crunch

Founder: Michael Arrington
Estimated Earnings: $800,000 per month
Method of Earnings: Banner Ads

 

Mashable – $600,000 p/mth

Mashable

Founder: Pete Cashmore
Estimated Earnings: $600,000 per month
Method of Earnings: Banner Ads

 

Perez Hilton – $450,000 p/mth

perez

Founder: Mario Lavandeira
Estimated Earnings: $450,000 per month
Method of Earnings: Banner Ads

Engadget – $300,000 p/mth

engadget

Founder: Peter Rojas
Estimated Earnings: $300,000 per month
Method of Earnings: Banner Ads

Noupe – $200,000 p/mth

noupe

Founder: The Blonde Salad
Estimated Earnings: $200,000 per month
Method of Earnings: Private Advertising

 

Smashing Magazine – $190,000 p/mth

Smashing

Founder: Vitaly Friedman
Estimated Earnings: $190,000 per month
Method of Earnings: Banner Ads

Smart Passive Income – $150,000 p/mth

Smart-Passive-Income

Founder: Pat Flynn
Estimated Earnings: 150,000 per month
Method Of Earnings: Affiliate Commissions

 

Timothy Sykes – $150,000 p/mth

Tim-Sykes

Founder: Timothy Sykes
Estimated Earnings: $150,000
Method of Earnings: Product Sales

 

Life Hacker – $110,000 p/mth

lifehacker

Founder: Gina Trapani
Estimated Earnings: $110,000
Method of Earnings: Banner Ads

 

Gothamist = $110,000 p/mth

Gothamist

Founder: Jake Dobkin
Estimated Earnings: $110,000
Method of Earnings: Pay Per Click

 

Tuts Plus – $110,000 p/mth

tuts

Founder: Collis Taeed
Estimated Earnings: $110,000
Method of Earnings: Memberships

 

John Chow – $100,000 p/mth

john-chow

Founder: John Chow
Estimated Earnings: $100,000
Method of Earnings: Affiliate Commissions

 

Venture Beat – $100,000 p/mth

VB

Founder: Matt Marshall
Estimated Earnings: $100,000
Method of Earnings: Pay Per Click

 

Slash Gear – $80,000 p/mth

Slashgear

Founder: Ewdison Then
Estimated Earnings: $80,000
Method of Earnings: Pay Per Click

 

Car Advice – $70,000 p/mth

car-advice

Founder: Alborz Fallah
Estimated Earnings: $70,000
Method of Earnings: Banner Ads

 

Gawker – $60,000 p/mth

Gawker

Founder: Nick Denton
Estimated Earnings: $60,000
Method of Earnings: Banner Ads

 

Dooce – $50,000 p/mth

Dooce

Founder: Heather B. Armstrong
Estimated Earnings: $50,000
Method of Earnings: Pay Per Click

 

Steve Pavlina – $45,000 p/mth

Steve-P

Founder: Steve Pavlina
Estimated Earnings: $45,000
Method of Earnings: Pay Per Click

 

Talking Point Memo – $45,000 p/mth

TPM

Founder: Joshua Micah Marshall
Estimated Earnings: $45,000
Method of Earnings: Banner Ads

 

ProBlogger – $40,000 p/mth

ProBlogger

Founder: Darren Rowse
Estimated Earnings: $40,000
Method of Earnings: Banner Ads

 

Expert Photography – $30,000 p/mth

Expert-Photography

Founder: Joshua Dunlop
Estimated Earnings: $30,000
Method of Earnings: Product Sales

 

Shoemoney – $30,000 p/mth

ShoeMoney

Founder: Jeremy Schoemaker
Estimated Earnings: $30,000
Method of Earnings: Private Advertising

 

Coolest Gadgets – $30,000 p/mth

Coolest-Gadgets

Founder: Allan Carlton
Estimated Earnings: $30,000
Method of Earnings: Banner Ads

 

1stWebDesigner – $20,000 p/mth

1st-Web-Designer

Founder: Dainis Grveris
Estimated Earnings: $20,000
Method of Earnings: Product Sales

Shortcodes are working!

 

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Investing in Silver Bullion, Bars, and Coins http://income.com/3978/investing-in-silver-bullion-bars-and-coins/ http://income.com/3978/investing-in-silver-bullion-bars-and-coins/#comments Mon, 06 Apr 2015 17:23:16 +0000 http://income.com/?p=3978 Sometimes, looking at investments can be stressful. How are you supposed to figure out which ones are going to give you the best value for your dollar? On top of that, how are you going to diversify your portfolio? Many people talk about investing in gold, but have you considered putting some of your money into silver investments as well? In this article, we’re going to take a quick look at why you should think about investing in silver bullion, bars, and coins; the advantages are huge, so it’s well worth checking out.

Insurance for your investments is always a good thing to have. As with gold and other precious metals, silver is going to give you a lot of insurance to work with when it comes to your investments. Why? Because silver holds its value incredibly well. You’re not going to see the price of silver plummet, because silver is something that is always going to be used. Even if you’re just buying a few coins that you keep in your safe, those coins are going to be insurance that will stick around and give you value, even if the market crashes or something else happens to the investments that you currently have holds on. And who doesn’t want insurance on their investments?

Value density of silver is very low. Value density is a unique concept, and honestly, it’s helpful when considering what previous metals you’re going to invest in. Copper has a very high value density – in order to ensure that you have a lot of value out of your copper; you have to have a lot of it. That means you have to store a lot of it, which can cost a bit of cash to do. Silver (and gold as well) have a lot of value, even in small amounts. Because of that, you can store your bars, coins, or bullion in safes or safe boxes at the bank, and still have a lot of value in what you’re storing. That value density will help you to save money and space, both of which are incredibly valuable to the person who is trying to get the most out of their investment. It also means that you have the option to keep it with you instead of putting it in the bank.

Silver helps you to avoid credit risks. Physical silver is something that you have physically, of course. That means that you’re not messing with stocks or working with anything that may pose any sort of credit risk to you. No one can use your silver stores as part of your credit score, and you can’t really borrow against it like you can with stocks. Contracts, like those with stocks, have credit risks associated with them. If you invest in precious metals (not just silver and gold, but zinc and copper and the others as well), you will avoid a lot of the issues related to investment contracts of other sorts. This could save you time and headache later on, especially if you need to use your credit to get a house or something else of high value.

Physical silver is a bit stronger than paper silver. What is paper silver? Paper silver usually refers to stocks on silver mining and other parts of the silver industry. They are contracts that are associated with the silver industry, basically. These will go up and down based on a variety of factors, and can fall beneath the value that you put into them in the first place. Even though the silver industry is strong (and thus, paper silver is actually pretty stable when compared to other stocks that are out on the market today), there is still a chance that it can spiral downward at some point in time. You don’t have that same problem when it comes to physical silver. Physical silver maintains its value for the long term, and you don’t have to worry about losing on your investment. Even though it may not increase in value as quickly as other investments may (it usually has spikes and plateaus), it doesn’t have the same amount of inherent risk that comes with the stock market.

Silver is a great investment, especially if you’re just getting started with your portfolio. Take some time to put a little money into physical silver (bullion, bars, or coins) and you will find that your investment feels and looks a lot more secure. If you aren’t sure if silver is the right choice for you, talk to your investment professional or the company that is supplying you with the silver in the first place. They can give you an idea on the outlook and give you the tips that you need in order to make sure that you’re getting the most out of your silver investment.

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Investing in Gold Bullion, Bars, and Coins http://income.com/3977/investing-in-gold-bullion-bars-and-coins/ http://income.com/3977/investing-in-gold-bullion-bars-and-coins/#comments Mon, 06 Apr 2015 17:20:50 +0000 http://income.com/?p=3977 There are a lot of different things that you can invest in. That being said, what are the advantages of investing in physical precious metals, specifically, why would you want to invest in gold bullion, bars, and coins? Why would you want to do this in the first place, and how could it help you in the future? Here are some of the main reasons that people of all incomes will invest at least a little bit of their money into gold bullion, bars, and coins at some point during their lifetime.

Above all else, gold never loses its initial value. This is, perhaps, the most important reason that you would want to invest in gold in the first place. Gold is something that holds onto its value, no matter what happens in the world around at that point in time. That being said, you are also ensuring that you will, eventually, see an increase in value. It’s never going to go lower than the amount that you paid for it. On top of that, you’re going to get the same exact value, no matter where you go when you’re selling your gold or using it as currency. It may be in a different currency, but it’s the same exact value that you were going to have in the first place.

Currency is known for being weak. This is another reason that people invest in gold for at least some of their portfolio (we will talk about diversifying your portfolio in the last benefit, listed below). As you likely know, inflation and deflation are regular parts of the economy. Currency gains and loses value on a regular basis. This is, mainly, because there isn’t really a “gold standard” that they are held by anymore. They are based on psychology and a number of other factors that could play a role in the strength or weakness of a currency. If you were to put all of your investments into currency (not even just your own currency, just currency in general), then you may see your portfolio go all over the place. Gold is something that is stable, and will hold its value, even if currency of any sorts starts to go down the drain in terms of value at some point in time.

Increasing demand. Another reason that you want to put a lot of your investments into gold is because it is something that is always in demand. Many of us think of gold as jewelry, but it’s actually used for a number of different purposes, including trade. Because so many people use it for so many different reasons, the demand for it continues to rise, and more and more people are looking to get their hands on it. As with any sort of currency, good, or product, an increase in demand is good for those who currently own the thing in question. As the demand goes up, the price goes up. That means that you’re earning money on the investment that you’ve made, and you will see a significant difference. That being said, gold goes through periods of big ups followed by plateaus, so make sure that you’re prepared to see that as well.

Diversifying your portfolio. We mentioned this above, but we’ll talk about it here too. You know how you get insurance for your house and/or your car so that you can make sure that it keeps its value? That’s what gold does for a portfolio. It’s such a steady investment that you know that you will have it to fall back on, even if something happens to everything else that you have invested money into. By diversifying your portfolio and having as many items as possible as you can in it, you’re going to have a much better time when it comes to seeing increases. Even if something falls, gold (and your other investments) will be a great safety net to utilize. That being said, make sure that you don’t only invest in gold either – make sure that you’ve got a number of things you can use to keep your portfolio balanced and strong in any financial situation or storm.

As you can see, there are lots of advantages to investing in gold bullion, bars, and coins. Even if you look past the fact that these things never actually lose any of their value, you can feel confident in many of the other reasons that come up when you’re looking to invest in physical gold of all types. If you have any questions about investing in gold bullion, bars, and coins, talk to a gold supplier or your investment professional in order to get more information and to get started on your gold investment journey as soon as you possibly can.

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How to Invest in Precious Metals http://income.com/3976/how-to-invest-in-precious-metals/ http://income.com/3976/how-to-invest-in-precious-metals/#comments Mon, 06 Apr 2015 17:19:59 +0000 http://income.com/?p=3976 Precious metals are definitely one of the most popular investments out there, specifically because they hold their value better than most other investments. But, if you are looking to invest in precious metals, how are you going to do it? What do you need to know, and how can you make sure that you’re getting the best out of your precious metals investment? Here are some steps that you need to take in order to make sure that you’re investing what you should be into precious metals.

Find out what type(s) of precious metals you want to invest in. Many people think of silver and gold when they are looking at precious metals, but don’t feel like you have to be locked into those alone. In some cases, it may be better for you to explore the other types of precious metals that are out there in the marketplace. Gold and silver are great, but you can also invest in platinum (usually abbreviated PPLT) and Palladium (PALL), both of which have more value than gold and silver. In some cases, you may also want to invest in lesser metals, like copper and zinc, but those usually take a lot more space if you’re going to get physical investments. If you aren’t going to invest in gold, silver, platinum, or palladium, you will want to make sure that you invest in paper stocks of the other types of metals that are out there.

How do you want to invest with your precious metals? Now that we know the what, you want to think about the how. You don’t necessarily have to invest in those big gold bars – actually, more often than not, you’re going to want to invest in something a little bit more manageable. There are coins that you can use, or smaller pieces of precious metals that are referred to as bouillon. In some cases, you may also want to make it so that you don’t invest directly into the precious metals themselves. You may want to invest in “paper” precious metals – that is, the companies that work in correlation with the industry. These can include mining companies, refineries, and any other industry or company that works with the precious metal you’re looking to invest in. Obviously, you will want to be careful, because paper precious metals are as volatile as the stock market, but since precious metals are always in demand, they’re a little bit stronger than the average stock.

Find a company that you trust. This is vital to your success. There are tons of suppliers out there that can take care of your need for precious metal investments. You want to work with a company that is well known for its work, while at the same time will get you the market price on whatever precious metal you are looking to invest in. Ask questions about the company, look for reviews online, and do a lot of background research in order to make sure that you know what you’re getting into. Your investments are incredibly important to you, and they are worth your time and energy. So, before you just go with any investment company or supplier, check out their background and see how much of a difference that it could make. Working with a good company could be the difference between a good investment and an excellent investment. And, as a good investor, you will want to make sure you get the best investment for what you put into it.

Go through their processes and keep an eye on the market. At the end of it all, it’s time for you to get your portfolio together. You’ve taken the time to learn about the investments and the research that you need in order to make the right decisions, and now you have to work with the company in question to make sure that you’ve got everything that you need. Different companies have different processes, so communicate with them and see what they need you to do in order to get your precious metal investment underway. Put the money into the investment, get the precious metals (or the papers) that you invested in, keep them in a safe place, and then see the difference that it will make for you and your portfolio.

Precious metals can be a great insurance for your investment portfolio, so they definitely should not be overlooked when you’re dealing with your portfolio diversification. There are a lot of suppliers out there that deal with precious metals, so above all else, make sure that you find one that you trust. Follow the tips that we’ve given you here, and then go out and find exactly what you’re looking for out of your precious metals investment.

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How to Invest in Physical Silver http://income.com/3975/how-to-invest-in-physical-silver/ http://income.com/3975/how-to-invest-in-physical-silver/#comments Mon, 06 Apr 2015 17:18:13 +0000 http://income.com/?p=3975 If you want to invest in physical silver, then you’ve likely been doing some research on the best ways to do so. What ways should you even consider in the first place? There are so many different things out there for you to choose from, so it could seem overwhelming if you don’t know much about the marketplace. That being said, we’re going to take a look at all of the different ways that you can invest in physical silver so that you can have an idea as to whether or not it’s the right choice for your portfolio.

Bullion and Bars. Silver bullions and bars are definitely a great investment. That being said, they do take up a bit of space. So, you may want to think about working with a bank or figuring out the best way to store those bars in your home (safes are relatively inexpensive, and good if you’re only going to be storing a few of the bars in your home). That being said, it’s really easy to access bars, and they can get delivered right to you if that’s what you prefer. These are popular because silver is known for not taking up a lot of space, and also because they hold their value for an extended period of time. Instead of worrying about the market going all over the place, you can hold bars and bullion as a bit of insurance for the rest of your portfolio. And who doesn’t need a bit of that?

Collectible Coins and Minted Coins. Coins are, perhaps, the most common way that people get into physical silver investments. This is because they’re easy to get, they’re easy to carry, and they’re easy to store. There are two ways that you can get silver coins – you can get coins that have been specifically made for investments, and then there are collectible coins. The investment coins (called minted coins in some locales) can come in a number of sizes based on the amount of your investment. Collectible coins are just like any other currency, and are usually used to purchase and then “flip” (sell for more on the marketplace). Collectible coins take more work, but minted coins hold their value for a bit longer. It’s just up to your preferences and the amount of time that you actually want to put into your silver investment at this point.

Exchange Traded Funds. These funds are actually not physical silver, and you can’t get physical silver with it, but they are based on the cost and price of silver over the time that you have it. So, yes, if you’re going to invest in physical silver and you don’t want to actually store it somewhere, you’re going to have an easier time with these funds. This is, perhaps, the most risky way to invest in silver, but you still have a lot more security than you would with the basic stock market or with anything else that you may invest in the future. It’s definitely not the best way to deal with physical silver investments, but it is a way that you can think about if you are looking for an alternative to having coins and bars sitting around your home or in the bank.

Certificates. Certificates are actually a way that you can invest in physical silver, actually own the physical silver, but don’t necessarily have to have possession of it. The silver is stored somewhere else, but you have a piece of paper or a contract that states that you are going to be the one that owns the silver. That means that, any value that you have is going to give you the money that you’re looking for out of your investment. These certificates can, at any point, trade it in for the actual silver if you want to, or for the currency of your choice. That’s up to you and what you want to do with it, really. Not all companies give you the option to purchase certificates as part of your physical silver investment, so make sure that whatever company that you’re working with will give you the options that you’re looking for.

Paper silver is definitely out there; you can invest in mining companies and other companies related to the industry. But those just aren’t as secure as what you’re going to get with investments in physical silver. Contact a silver supplier today to see exactly how you should move forward with silver investments and to make sure that you’ve got everything that you need in order to be successful with the plan that you have in place. Good luck with your silver investment and we hope that you see it explode in your future.

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How to Invest in Physical Gold http://income.com/3974/how-to-invest-in-physical-gold/ http://income.com/3974/how-to-invest-in-physical-gold/#comments Mon, 06 Apr 2015 17:16:10 +0000 http://income.com/?p=3974 Some people get really intimidated when it comes to putting a portfolio together. How can you make sure that you’re going to be able to get a lot out of your investment? Precious metals are an obvious in to the whole thing, but how are you supposed to go about it in the first place? If you want to invest in physical gold, there are a number of ways that you can do it. Here are just a few of the ways that you can invest in physical gold.

Bullion coins and bars. Bullion coins and bars are actually the most common way that people invest in gold, mainly because of how easy it is to do it. Think about it – all you have to do is buy some coins or a few bars, and you’ve made your investment. They retain their value, they are easy to store (they will take some space, but not as much as some other metals), and they are really easy to find with the help of a number of suppliers. They come in different shapes and sizes, so you can invest pretty much anything that you want to invest without a lot of problems in the process. Just make sure that you get the gold from a reputable company that can give you the best price that you are looking for when you buy your physical gold.

Collectible coins. This is a bit more complicated than just buying coins and bars from the mint, but it can be a lot of fun if you’re willing to put the time and effort into it. Collectible coins are a way to invest in physical gold that may allow you to get a lot of profit, if you’re smart about it. Look around and try to find the best deals on hard to find, collectible coins. Then, when you’re done doing that, you can invest your money into getting some of them. Then, either find buyers who are going to spend a lot more in order to get them into their collections, or hold onto them and watch their value increase by a significant amount. If you’re willing to put more time and effort into the process, you will definitely get a lot out of investing in collectible coins. You may even find that you enjoy the effort and the adventure that comes with these sorts of investment plans; it just depends on your preferences and personality.

Certificates. Gold certificates are not necessarily physical gold, but you still own physical gold through the purchase of these certificates. Basically, you are buying gold, but you aren’t the one that has to deal with putting it away and keeping it safe. You don’t have to buy a huge safe or put it in a special safe box at the bank. You, instead, buy a certificate from the gold supplier in question. That certificate will tell you how much gold that you’ve purchased from them. The contract says that you’re going to be able to have that much gold if you request it at any point. But, the gold supplier (or the company that works with them or you) will hold onto the gold for you. That saves a lot of headache and hassle, and you don’t have to worry about someone getting their hands on your gold. It’s a lot easier to store away the certificates than bars and coins; you may just need a little safe box instead of purchasing a whole giant safe for your home.

Exchange Traded Funds (ETF’s). This isn’t necessarily physical gold either, but these investments will basically go up and down with the price of gold. So, while you really don’t own any gold, you own something that depends on the value of gold in order to maintain its value. So yes, you are still investing in physical gold, even though you’re not necessarily going to own anything. The ETF will, essentially, follow the gold market, and you can decide just how much the gold will play a role in your overall investment strategy. It’s really flexible, it’s easy to use, and many gold suppliers will offer it as one of their many investment options.

There are also ways that you can invest in gold that don’t involve the physical end of things, but these are the main ones that you will come across when looking to invest in physical gold. Check out the various options that you have and see what ones are going to give you the best output when it comes to your investment portfolio. Talk to a professional investor or someone else that knows the field and can give you the right advice that you need in order to succeed with your physical gold investment plan.

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How to Buy Silver Bars, Coins, and Bullion http://income.com/3973/how-to-buy-silver-bars-coins-and-bullion/ http://income.com/3973/how-to-buy-silver-bars-coins-and-bullion/#comments Mon, 06 Apr 2015 17:15:01 +0000 http://income.com/?p=3973 Many people will buy gold in order to have a solid investment, but gold isn’t the only type of precious metal that you can use in order to diversify your investments. Silver is another popular precious metal that you can use as part of your overall investment strategy. How do you even buy silver coins, bars, or bullion? How should you invest in it, and what can you do in order to make sure that your silver investment is as safe as it possibly can be? Here are some tips that you can follow.

  • Always make sure that you know what you’re buying. In some cases, you may have offers to buy types of silver that you’ve never bought before, or that you don’t know anything about. Only purchase things that have a solid run in the market, not rare items or items that you just don’t understand. With silver, you usually want to go with US or Canadian coins, bullion, or bars before you go with anything else. That being said, if you’re working with a trustworthy company, you can trust that they have the best for you.
  • Get the best deal that you can. You don’t want to spend a lot of money on an investment. Obviously, the companies that you’re working with will want to make a profit, but you don’t want to spend an outrageous amount of money in order to be able to buy the item(s) in the first place. It’s called an investment for a reason – eventually, you want to be able to earn back whatever cut the company took, plus more. Look for a company that is going to give you a good deal on your silver, above everything else.
  • Work with a company that has a good track record. There are lots of companies out there that you have to choose from. Because of that, you really have to be careful when you’re picking the company that you want to buy from. Make sure that they are registered with the Better Business Bureau or another company that is known for measuring these sorts of businesses and the business that they do. How much of a background do they have? Have there ever been complaints? What do online reviews say about the company in question? Do they have a good deal? Are they well known? You want to ask all of these questions and do the appropriate amount of research before working with any company.
  • Buy silver before you buy any other sort of precious metal. Many people will go for gold first, because that’s what their gut is telling them to go with. That’s not necessarily the best idea, especially with the cost of gold. Silver is relatively inexpensive to invest in, so even if you only have a little bit of money which you’re going to invest into precious metals, you will want to invest in silver first. The other thing is that silver is relatively easy to find. There are so many ways to get silver, and you can store it relatively easy as well. All of these benefits make it so that you will want to invest in silver before you invest in any other precious metal that is out there.
  • Diversify your silver portfolio as well. If you’re investing in silver (or really, any precious metal), don’t just buy one thing. Some people suggest that you buy bullion and/or bars for saving, and then coins if you feel like you’re going to be using them in trade and other uses. Get coins before you get bars so that you can get a foothold as to what you’re looking for. Get different types of coins. Consider throwing paper silver into the mix so that you’ve got a diverse portfolio. Obviously, silver is a really secure investment to make either way, but the diversity of the portfolio for your precious metals can ensure that you’re going to get the most for your investment, instead of just having your investment sit there at a plateau for a majority of the time.

These tips will help you to get the most out of your silver investments. And, as you can see, silver is a big investment, just like gold is. Even though it costs a lot less, it carries just as much weight in the long run. If you aren’t sure how you want to move forward with your silver investment, be sure to talk to a silver and gold supplier or another investment professional that can give you an idea about how to move forward with your investment plans and ideas. That way, you can have the best chance of getting a lot out of your investment, and you can feel confident in the investment choices you’re making.

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