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

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.