Asset and Portfolio Management : How To Say Goodbye To Emotional Investing

Portfolio management is an important part of your life. Maybe more important than you realize. You have an overall portfolio that is made up of everything you own. Within that portfolio is your investment assets that you need to manage in order to reach your financial goals and have a healthy and wealthy egg-nest to enjoy in your golden retirement years.

In order to profit from portfolio management, it is important to start by designing an investment policy statement and keep to it during the course of investing. An investment policy is your guideline? it's a rule of thumb meant to help you or your portfolio manager make the best decisions for you. Sometimes (actually, often!) our emotions cloud our judgment when it comes to investing.

A fairly significant time when emotion clouds our judgment is when our portfolio value is falling. Our knee-jerk reaction is to sell it all and put the money in a hole in the backyard. That happens far too often and was one of the major causes of the Great Depression in 1939 and the bursting of the tech bubble in 2000/2001. Investors are so easily swayed by emotion and what's called "the herd mentality."

An investment policy is designed to help you avoid emotional investing or getting caught up in the herd mentality. It's a statement ? as detailed or as vague as you want ? that outlines what your goals are with your portfolio, what your preferred asset mix is, and the timeline you have to get there.

Here is a sample investment policy statement. Due to space limitations, it is not heavily detailed.

Investment Policy Statement for John Doe

March 14, 2006

Purpose: the purpose of this statement is to provide me with a framework in which to manage my investment portfolio.

1. Account: My account is held at XYZ Discount Brokers. Their number is (800)555-1234. My account number is 123-456-789-123.

2. Investment objectives: My primary goal is growth and the mix I have selected is as follows: a.Growth: 55% b.Income: 25% c.Safety: 20%

3. Assets: My account is a standard account to hold equities, bonds, mutual funds, etc.

4. Current: I am investing a lump sum of $5000 into an equities and mutual fund mix that correlates to the above asset allocation. Each month I will deposit $200 into my account, divided into each of the asset allocations.

5. Goals: I want to have $100,000 within 25 years to enable me to buy a boat and sail around the world.

On this note, I hope that everybody who desires to generate massive profit from portfolio management, to take out a piece of paper and build your investment policy now. And remember to live with it, and I am sure you will find yourself much more rational in your investment decisions !

Stanley Chua is an investment optimizer and has been providing value-adding advisory in international business innovations, financial planning and portfolio management for the past 10 years. Looking to find out more how you can massively profit from managing your personal portfolio ? You can instantly receive a Free ?Portfolio Management and Asset Assessment? E-Course, at => http://www.portfoliomanagementguide.com

Asset Management FAQs

Although asset management has been around for some time now, its popularity among industries has only been apparent in the last few years. People do have quite a number of questions regarding asset management especially if they are interested in employing the services of asset management companies.

What is asset management?

Asset management refers to the method that a company or a specialized asset management firm uses to track all fixed assets such as equipment, chairs, tables, computers and technology and even building which are owned by a company or an individual. The tracking of he physical location of these assets, the ways which can be used to manage these assets, and accounting for amortizations, depreciation values and future resale values of these assets are also part of asset management.

How can asset management be an affective financial tool?

Asset management makes it easier and more efficient to manage the assets owned by the company or the individual and looks into ways of investing these assets for added returns. Collective investment schemes, pension funds, private banking and wealth management are some of the ways which handle assets that make asset management more efficient and increase one's assets.

What are the processes involved in asset management?

Asset management involves a number of processes which are all designed to increase the productivity of companies or individuals. Asset management services include planning, procurement, accounting for daily operating costs through disposal; tracking physical location of these assets; and accounting tasks such as amortization and depreciation. Asset management also establishes contact with suppliers which make it easier for companies to contact these suppliers for service, warranties and replacement.

Why is asset management useful?

When one keeps track of important information regarding one's assets, assets may be properly accounted for, from whom these were purchased from; who uses these assets, where these assets are located, the suppliers to contact for support, and even lease expirations and the right disposal period may provide the basis for managing and optimizing the assets of the companies or the individuals.

Asset Management provides detailed information on Asset Management, Asset Management Software, Asset Management System, Digital Asset Management and more. Asset Management is affiliated with Offshore Asset Protection

Property Management Software

Property management software is a computer program or computer programs that serve to simplify, streamline, and otherwise facilitate the management of property you own or hope to own. The software is equipped with many useful functions to take care of costs, run tasks, oversee labor, and other helpful aspects. Property management, as the name suggests, is meant to deal with the proper management services and scrutiny of various properties. Nonetheless, property management is a particular discipline of defining and achieving targets in matters of properties. At the same time its primary purpose is to optimize the varied utilizations of resources including energy, space, time, people, technology and many others. But for every property management, time constraints play a major part in the whole process.

For every property management, work is conducted under the supervision of an individual property manager. It is the responsibility of the property manager to organize and supervise the work that needs to be done. There is a lot of software on the market that is designed to make a property manager's job easier.

All the property works are primarily planned through the application of software that not only gives the virtual image of the whole property, but also errorless calculations and accounting works, cost factors, management planning and such other works. Although the best property management professionals are hired for the projects, computer software gives the detailed analysis of the plan, including the calculations and statistical implications. There is even web-based software to manage and facilitate the handling of properties.

Property Management Software provides detailed information on Property Management Software, Real Estate Property Management Software, Rental Property Management Software, Property Management Accounting Software and more. Property Management Software is affiliated with Healthcare PM Software.

Top 10 Reasons Why Landlords Should Use Online Property Management Software

Introduction:

Online property management systems are becoming popular due to various reasons including easy of use, managing any type of real estate transactions including lease, daily operation or real time information on centralized locations. These systems being web based are easily accessible from all over the world and real time information is gathered.

The system manages all information through your web site. Individual residents can submit applications, make requests, pay online and many more other information can be shared. The property owner gets real time information about their property.

Property software solution providers have made the systems easy so that in a smallest time all the information can be gathered, analyzed and report can be generated at convenience.

Top 10 reasons for landlords to use online Property Management Systems:

1. Property Information: Organization of property information or creating property portfolios is one of the greatest tasks. The online property management system makes this easy. The images of property can be uploaded in the system for multiple owners and the system is capable to handle the information on any size of property.

2. Vacancy Information: All the information regarding leasing of the property can be easily managed and the prospective tenants can access more details about the properties, find out the terms and conditions, payment conditions and if satisfied may apply online.

3. Manage Leases: The property owner can access the property information online at any time, hence may manage the recording of leased properties. Customized information can be shared with other team members.

4. Receive rent online: You can manage and ensure timely receipts from your tenants. The online property managements systems are designed in such a way that after a particular date they will automatically assess a late fee as penalty. You may even generate rent receipts through the online system.

5. Managing Maintenance: To achieve highest benefits you are required to keep proper maintenance records of your properties. The online property management systems have provisions for maintenance and team members responsible for carrying out maintenance job can access the the information efficiently.

6. Service requests from tenants: Tenants may also apply online for maintenance requests and the team members can carry out the job.

7. Lease agreements: All lease agreements; lease duration and rent information can be centralized. On completion of the tenure the system will automatically inform the details of the concern property and tenant to you.

8. Tracking of expenses: Tracking property maintenance expenses and income expenses online and real time is easy. All the information can be retrieved quickly.

9. Specific property reports: A specific property or property portfolio can be tracked easily and all history of the particular portfolio can be retrieved.

10. Cooperation among team members: Various team members responsible for different task can communicate with each other, with property owner and tenants. Through the system the specific task to the team members can be assigned and managed.

John Rossow is Manager of Sales & Marketing, maker of online property management software for landlords, professional property managers, condos and homeowner associations (HOAs) designed to help them operate more easily and with better results. Buildium's rental management software automates the collection of fees and rents, improves maintenance tracking, increases resident satisfaction and more, all for a low monthly fee. For further details, visit the website, http://www.buildium.com or contact John directly at john@buildium.com.