The Difference Between Coins, Ingots and Bars

Gold Coins vs Gold Bars laurenkinghorn.com

Gold Coins vs Gold Bars

Gold Coins vs Gold Bars

Have you ever thought of investing in Gold? Then you’re probably weighing up (excuse the pun) all the pros and cons. Here’s the perfect post to give you the clarification you need.

The Difference Between Coins, Ingots and Bars

If you are planning on expanding your portfolio and investing in gold, you need to understand all the different options you have, as well as the different types of physical gold investment forms you may be able to buy and sell.

It should be noted that the three different kinds of gold you will find on the market include gold coins, bars and ingots. But, just what is the difference? Investing in gold means knowing the facts so you can pick the type of gold that will work best for you and your investment goals.

Gold Coins

Typically, gold coins come in two different types: those rare coins with historical value (referred to as numismatic coins) and those valued for the bullion amount. Numismatic coins tend to have a greater value than the precious metals within those coins, whereas bullion coins are valued based only on the precious metals within them and the demand for the metal.

There are those investors who prefer bullion coins owing to their ease of transportability, smaller size, concealment and storage. There are some bullion products that do carry a significantly higher dealer mark up, though, and that’s due to their popularity and a great deal of investor interest.

On the other hand, numismatic coins are not ideal for investment as there are several additional costs embedded into their price, including grade, rarity and demand. To put it simply: bullion is for investors where as rare coins are more appealing to numismatists.

Gold Ingots

Gold ingots are better known as gold bars; however, they are formed differently to the traditional minted bars that are very popular. When it comes to ingots, the weight contained tends to vary. The bars also poured as opposed to stamped. This means they are thicker than stamped bars.

When you purchase gold bullion bars, you will mostly get the stamped version. But, when you buy gold ingots, you will get bars that were poured into a cast.

Gold Bars

If you have a large amount of capital to invest, you may want to consider bullion bars. They tend to be sold with a one to three percent mark-up, so you can get more gold for your investment. Coins, or bullion, can also be bought and kept at the facility that deals with securing gold bars.

Which is Right for You?

When it comes to deciding between different options for your investments, finances and budget will play a big part in your decision. Just take a look at the different kinds of gold and silver bullion you can buy from City Gold Bullion.

If you would prefer gold that is easy to store and you can enjoy looking at, coins are probably the best option for you.

If you want bigger sizes and lower premiums for an optimum investment, gold bars and ingots are the way to go.

Just remember to look ahead to where the value of your investment may end up. When selling your gold, coins usually sell easier due to their recognition and global popularity, whereas bars may incur additional expenses.

This article is published in partnership with Mediabuzzer.

From One Millennial to Another: Saving to Buy a House

How to Save to Buy a House laurenkinghorn.com
How to Save to Buy a House laurenkinghorn.com

Okay, so you got me… I’m not a Millennial. Far from it.  But the author of this guest post is.   And his post is just as relevant to me (at age 45) as it is to Millennials.  Enjoy!

From One Millennial to Another: Saving to Buy a House

Guest Post submitted by Hard Money Lenders Online

When I was in junior high school, the American public and private sectors were suffering from a major crisis. Due to the heavy, controversial issues—which took place with the subprime mortgage market downfall in 2007—the United States, and many other nations across the globe spiralled down a path that nearly destroyed the worldwide economy.

I didn’t completely understand the full weight of this debilitating crash at the time, but the anxiety apparent in my parents’ faces sent the message that something was wrong.

Among those markets most heavily impacted by the devastating financial anomaly was the real estate industry. Generally, adults who endured through this could likely have a word or two to say about the foreclosures which took place in the late 2000s.

What seemed like golden opportunities to finance in gorgeous homes in 2006 resulted in disaster for many families, leading to shattered dreams and grief-stricken households.

My heart goes out to such individuals who were forced to deal with such tough trials, given that I was fortunate enough to be in a family in which our finances were in check.

But that’s beside the point—the American economy has since moved on from such financial woes, and the housing market at large has since been rejuvenated.

MILLENNIALS: ARE YOU MOTIVATED TO SAVE FOR A HOUSE?

Millennials, are you motivated to save for a house? Here's why you should be and how you can. It starts with a mind-shift. Read more at laurenkinghorn.com #howtosavetobuyahouseWith that, the Millennials (such as myself), whose previously youthful minds could not fully comprehend the issues at play during the Great Recession, are now old enough to own real estate unto themselves.

As a young married man who is fast approaching the end of his college career, I often find myself contemplating what the future holds.

My wife and I consistently discuss and ponder as to what our ideal home may be, and then thoughts transition to the image of our first house after we eventually leave our puny apartment behind us.

But here is the problem therein: we are poor college students that barely earn enough to scrape by.

Rent, groceries, gas fill-ups, insurance, and other basic expenses constitute the consistent bills we must pay to live our simple existence.

Whatever financial goals we may have only seem more daunting as the pay stubs are posted. Yet, we keep the end in sight.

The result of owning a sizable amount of real estate may not be an easy accomplishment by any stretch of the imagination, but it is attainable. Budgets and restraint help my wife and I make conscious monetary decisions each day, and we make an effort to save so that one day we can obtain the house we often dream of.

These words immortalized by Confucius should provide encouragement (and some context) for some people:

“When it is obvious that the goals cannot be reached, don’t adjust the goals, adjust the action steps.”

So, if you’re reading through my ramblings and also share a house-related goal, then that’s great. But like myself, I would hope that you have a response for this next question: are you doing the right things to get you into that eventual house?

If such is the case, my hope is that these personal suggestions for “action steps” will be beneficial to anyone who applies them.

Have I reached my eventual financial goal? No. Nevertheless, I am confident the baby steps taken day by day will lead to the seemingly gargantuan end.

HAVE THE DISCIPLINE TO SAVE

Money is hard to part with; a common stigma is that “money doesn’t buy happiness,” but it sure does make life more convenient and fun. Needless to say, in order to properly afford larger investments, one needs to enact self-discipline with their funds.

Depending on personal income, the rates at which one sets aside money for their savings account could be lower than usual. With my current income, I can only manage to save 10% each month.

One thing I highly recommend is that, regardless of percentage, you should definitely set up your direct deposit function through your employer so that the percentage of money you want in your savings is automatically deposited after tax deductions.

However, Paula Pant in writing for the Teachers Insurance and Annuity Association of America offered this bit of advice as far as saving percentages are concerned:

“…rule of thumb: at least 20% of your income should go towards savings. More is fine; less is not advised.”

 As Paula noted, it’s never a bad thing to save more either for emergencies or, in this particular case, setting aside funds for a future down payment on a home. The important thing is that once weekly, monthly, and perhaps even yearly budgets are consolidated; any honest Millennial concerned with their financial stability should consider how they might approach saving for their future house.

Such should be the case for any American household, but in my opinion, it’s especially so for the Millennial generation since we are now generally in a transitory period into adulthood.

College will soon be behind most of us (if it isn’t already by now), so heavy decisions regarding finances, real estate, potential marital relationships, and the prospect of children will surface for many people.

Keeping money reserved for all these important life developments is not just a good idea—it’s an absolutely crucial practice.

IN SUMMATION: DON’T SETTLE FOR LESS

Millennials, are you motivated to save for a house? Here's why you should be and how you can. It starts with a mind-shift. Read more at laurenkinghorn.com #howtosavetobuyahouseAccording to a CNBC article from January 2017, a Federal Reserve analysis on financial demographics revealed that the Millennial generation is “falling behind” the Baby Boomers, who, in many cases, constitute the parental generation of current Millennials.

The data presented statistics of a median household income of $40,581 for those in their mid-20s to early-30s. Such was a comparative 20% lower median income than Baby Boomers at that same stage in life.

For the Millennials like me who want to transform their dreams into reality, this alarming trend should raise red flags. Whether or not someone works toward buying a home via methods such as working with hard money lenders online or enlisting the services of a local investment agency, the future needs to mapped out and journeyed towards.

It may be easy to resort to a quiet, entertainment-focused life living with one’s significant other in a small apartment with simple jobs. Such is a doable life for many Millennials, mine included.

However, if we who belong to this dynamic generation want to make names for ourselves, hopes must be translated into action. Just as we might stand up for noble causes we believe in, make the extra effort to invest in your financial future.

It’s in your grasp; you just have to take the steps to get there.

Are you gearing up to buy your first house? Or your last?  Either way, I’m sure you have a comment you can’t wait to leave below…

Finding Places to Learn About Investment

Where to learn about Investment laurenkinghorn.com

Where to Learn about Investment

Where to Learn about Investment?

Ready to start investing some of your hard earned cash but not sure where to start?  

Well you could start where everyone starts researching anything nowadays – you can start by googling  “where to learn about investment” . Or you could start by reading the post below.  Or maybe you found this post by googling that exact search term?  Was I spot on?

Finding Places to Learn about Investment

When you search around the web, you can find loads of different websites claiming to offer support in complex fields like investment. Promising to change the way you make money and improve your chances of success, a lot of people get drawn into these systems, and this can be a bit of a shame.

There are resources around the web which won’t give you the information you need. Instead, they will put bad ideas into your head, and this can damage your chances of success.

To help you out with this, this post will be exploring some of the best places around the web to learn about investment.

Blogs

Blogs are often one of the best places to start with this sort of research.

Giving you the keys to find other places to learn about this side of finances, the right options can steer you well in the right direction.

Websites

Websites like Financhill can help you to choose things like the best Japanese ETFs and other stock rankings which will take your spending to the next level. Of course, as a big part of these site’s appeal, they are often written by people not too different to yourself. This can leave a little bit to be desired when it comes to detail, unfortunately, leaving you to build upon what they teach you by yourself.

Companies

Since the dawn of the web, the doors have opened for companies selling investments, and this has made it much easier than ever to get your hands on an option which will do well for you.

Companies like Crowdcube are great for this. Not only do they offer loans, but they also have loads of tools to help you to get advice.

Being able to talk to an advisor on a website like this isn’t too different to paying for a proper consultation. Of course, it will be cheaper, while also giving you much faster results, making it a no brainer for anyone unsure about where to put their money.

Forums and Message Boards

Finally, with this last option, it’s time to go back to basics a little bit. In the past, forums and message boards were all the rage, and they haven’t lost their power to teach, even with all of the fancy alternatives out there.

A website like CityWire can give you access to loads of die hard investors who will be willing to support and advise you through the field of investment. To make the very best of this, a lot of people find that they have to ask a lot of questions. There isn’t a limit on most sites, though, and this will give you a chance to contribute as you learn, too.

Hopefully, this post will inspire you to start working harder on the time you put into researching your investments in the future. A lot of people put their money on the first option they find, especially when they are promised near-instant results. Most websites promising this are misleading, though, and this makes it impossible to trust what they tell you.

Hope you clicked on the links above and found the info you were looking for.  My big takeaway from this contributed post was “look before you leap”. Take your time doing your research before you invest your money.

Have you ever jumped into an Investment and then wished you hadn’t?

How to Invest in Bitcoin for Beginners

How to invest in bitcoin for beginners laurenkinghorn.com

How to Invest in Bitcoin for Beginners

How to Invest in Bitcoin for Beginners

Is it just me or does the whole Bitcoin frenzy make you nervous?  I’m just going to say straight up before we head into this contributed post that I’ve been too nervous to invest one cent into Bitcoin.  

I think it’s because it all seems illogical to me.  I can’t shake the feeling that the mystery person who created Bitcoin is laughing all the way to the Bank. 

But if you’re gung-ho to invest in Bitcoin, you might want to read the contributed post below before you do.

Bitcoin Investment Mistakes To Avoid

Bitcoin has become exceptionally popular over the past few years. Because of this, a lot of people have started investing in Bitcoin with little knowledge and without a strategy. This is when mistakes happen and money is lost.

To make sure this does not happen to you, read on to discover some of the most common Bitcoin mistakes that you need to avoid.

Investing more than you can afford to lose

There is only one place to begin, and this is with investing with more money than you can afford to lose. This is by far the worst mistake you can make.

Bitcoin is a volatile investment, and there is no telling what your investment will be worth in five or ten years. Therefore, the best thing to do is act like the money you have invested is gone. That way, you have nothing to lose.

If you invest more money than you can afford to lose, you could find yourself experiencing financial difficulties if the market crashes.

Not staying informed about the markets

Bitcoin is an investment that is highly driven by the news. This means that you need to stay in the know regarding what is going on with the cryptocurrency markets.

After all, anything from large-scale exchange hacks to regulations can have a massive impact on the price of your investment.

Not storing your Bitcoins in a secure wallet

You need to take the time to find the right wallet for your Bitcoins. You can start by taking a look at this Coinbase Bitcoin wallet review.

There are plenty of other reviews like this online that will give you a good insight into the different wallets that are available. Why is a wallet a necessity? Mainly, for security!

The last thing you want is for your investment to be compromised because of a hacker.

Having no investment plan

From stocks and shares to property, you need to have an investment plan for anything you are putting your money in, and Bitcoin is no different.

You need to figure out how much you are willing to invest and how you are going to go about, i.e. whether you will invest a little bit each month or a lump sum in one go.

You also need to think about how risky your portfolio is going to be, as well as your stop loss limits and profit targets.

Investing in what you do not understand

Last but not least, it is surprising how many people are doing this today. They invest in Bitcoin without knowing anything about it simply because they have heard that people have made a lot of money from it.

Don’t invest any of your cash until you fully understand Bitcoin and the cryptocurrency market.

Hopefully, you now have a better understanding regarding some of the most common mistakes people make when investing in Bitcoin. Do not feel pressured to jump on the bandwagon simply because everyone else has.

You need to make sure you have a thorough understanding of what you are investing in and you need to have a solid strategy for doing so.

Over to You

Are you keen to invest in Bitcoin or already invested in Bitcoin?  

Or are you too nervous to even dip your toe in the water?  (Like me).

How Investing Can Become a Viable Revenue Stream Right Now

Investing Basics Beginners laurenkinghorn.com

Investing Basics Beginners

Investing Basics Beginners

I’m a real novice Investor.  I started out with Endowment Policies when I was in my early 20’s and then switched them to Retirement Annuity Policies about 10 years later.   

Recently one of my friends introduced me to the STASH app so I’m giving that a go as well.  It’s the easiest way EVER to save some money each month. Every time I swipe my card it rounds it up to the next R20 and I think I had accumulated about R250 in there the last time I checked.   And the money is linked to an insurance policy so it earns me interest every month. Cool!

The only thing is, I haven’t worked out how to set it up on my new Huawei phone yet. Oops. My bad.  

Not exactly a serious investor, am I?

 I was fascinated to see the app mentioned in the contributed post below as I thought it was only for local (South African) savings. As soon as I get a minute, I’m going to read that article with interest too. 

How Investing Can Become a Viable Revenue Stream Right Now

Everyone dreams of making money and being able to retire comfortably when they get older. However, it is important to make sure you are doing as much as possible to understand the best ways of making money in life.

Sure, starting your own business is a great area to begin when it comes to making money, but some people want something more than that. This is why more and more people are turning toward investments.

INVESTING

Now, this is a word that can strike fear and trepidation into even the bravest of souls, but that’s only because it’s such a complex and vast industry. Well, the good news is that these days investing has become much more of a viable revenue stream for regular people, and we’re going to look at some of the reasons behind why and how that is.

More of a Range Than Ever

The great thing about planning to invest in this day and age is that there are more great investment opportunities for novices  than ever before.

You need to think carefully about what you are going to invest in before you actually part with any cash. But, the good news is you aren’t shackled by the limitations of just investing in stocks and shares like in previous years.

These days you have the chance to invest your money in anything from fine wines to whiskey to art. Making the right choice is important in helping you make a more secure choice, and improving your options in the future as well.

Plenty of Information

Something else that really helps a lot is the fact that there is so much more information these days to learn about investing. You must make sure you learn the ropes before you get started as this will help you make more sensible and secure choices.

There is plenty of information online that you can refer to these days, and you can even download apps to help you too! Apps like Stash or Robinhood are investment apps that can help you trade the stock market no matter where you are in the world. Making full use of the information and apps available is so important so you can protect your money and make the right kind of investment.

Never Spend Too Much

The best way of investing properly and turning this into a viable revenue stream is to be sensible. You mustn’t spend too much money because this can have a negative effect on your finances, and it will really put your financial security at risk. If you set yourself an investment limit or budget, you can see to it that you only spend within your means.

Keep in mind that you won’t be seeing an ROI from your invest for a while, so this needs to be money you can afford to be without for a few years. Regulating how to spend the money is one of the most important things you can do when it comes to investing wisely, and one of the best ways to turn investing into a viable source of making money.

Investing is more popular than ever, and you will probably have considered it at some point in your life. There is no reason why you can’t get started with investing right away, but please make sure you know what you are doing before you get started.

Image Credit

What are you doing about investing? Are you a beginner like me or you a lot more savvy?  

What’s your favourite way to put some money away each month?  

If you’ve tried any of the methods above, I’d love to hear how it’s going for you.

Modern Investment Ideas For Novices In 2018

Investment Ideas for Novices laurenkinghorn.com

 

Investment Ideas for Novices

Investment Ideas For Novices (like me)

Are your Side Hustles or Main Hustle starting to pay off?

Ready to start investing some of your hard-earned cash?

Then you’ll enjoy the contributed post below weighing up the pros and cons of 3 different kinds of Investment Opportunities.  I gave my opinions at the end. Use them, don’t use them.   

Modern Investment Ideas For Novices In 2018

Featured Image Credit

Modern investments can be overwhelming. From cryptocurrency to the stock market, to developing a side hustle for yourself, it seems that there’s a lot more you have to do these days in order to earn a basic crust.

Investments are one of the best ways to earn extra money for yourself now.

It seems that we can’t get by with just our jobs. Both parents in a household are working, and the cost of living is rising, but the wage packets aren’t meeting them.

So, if you have concerns about the cost of the modern world, here are some of the most essential investments you should dip your toe into.

The stock market

It can be very complex, but it’s one of the best investments you can ever make.

While you might hear so much about people losing money on the stocks, it’s not about putting every last penny into it, a method called dollar cost averaging, where you invest small sums of money over time, can pay off. But to begin with, the best entryway is via mutual funds or EFTs.

Or if you aren’t ready to invest your own money, there are so many apps out there where you can use practice accounts, but the stock market is all about playing the long game, remember this!

Cryptocurrency

Wherever you look, cryptocurrency appears to be the big thing with regards to investments. Now, this can mean that you are jumping on the bandwagon and become what is known as a “sheep investor”, but there are other methods in which to invest in cryptocurrency.

Using your IRA is one of those options, and you can look at a review of Bitcoin IRA to give you a better idea or whether it’s something worth your while. Because cryptocurrency is something everyone is talking about as a hot commodity, you might want to sit back for a while. But if you have the funds spare, getting set up is certainly a good start.

Real estate

Very simply, real estate is one of those things that will never go away.

Yes, everybody has been hypnotized by the buy to let approach, and not everyone is cut out to be a landlord, but there are other ways to invest in real estate.

If you have friends who are offering an entryway to invest in their properties, this is a great way for you to earn some good money without the stress. But there are other companies that do the same thing, and allow you to invest small sums of money. But of course, with any investment like this, there is a lot of risk.

With any investment ideas you might have, you need to know exactly what you are getting into. It means, of course, undertaking the relevant research, and knowing your options 110%.

Now, the modern world is supremely unforgiving when it comes to finances.

You begin by saving up gradually, so you have enough funds behind you to invest, meaning you will make a better return. But also, you need to remember that it’s a long game you need to play. It can take a while to see any return. Which is why you need to start as soon as possible.

I agree, investing is all about weighing up risk versus reward, isn’t it? 

I’ve tried the Real Estate thing and yup, I discovered I wasn’t cut out to be a landlord. 

I’m not keen on investing in Bitcoin, not sure why… just don’t get a good feeling about it.  

So I have relatively low-risk investments in the stock market via a really good broker.  And I’m trying out a really cool app at the moment, that stashes away money every time I swipe my card into some kind of investment policy.   Will blog about it when I really get a thorough understanding of it.  I really am just a novice at these things.

Over to You

How about you?

Which investment ideas seem most attractive to you?  Or do you already have an investment portfolio in place?