Daily Archives

August 3, 2018

Travel

The Best Cities to Visit in 2018

August 3, 2018

It doesn’t matter if you dream of discovering ancient ruins, exploring intriguing cities, adventuring up a mountain, absorbing picture perfect views, or relaxing on a beautiful, sunny beach, there are many exciting destinations for you to choose from across the world.

If you want to keep adding to your travel bucket list every year, all you need to do is check out the following best cities to visit in 2018.

Detroit, USA

Detroit has experienced a resurgence in recent years. Young creatives have transformed the once abandoned buildings into everything from galleries and distilleries to bike shops and bars. There’s even a new hockey and basketball arena located downtown.

The city is also expected to create three brand-new parks very soon, so it’s one city that’s expected to become increasingly popular with each passing year. Find the best vacation home rentals today to book your stay.  

Amsterdam, Netherlands

For a city filled with cultural attractions, you’ll want to place Amsterdam at the top of your checklist. Here you can take your pick from luxurious accommodation and slick restaurants, which will ensure you have a truly enjoyable stay.

There are also plenty of things to keep you busy during your stay; for example, you can visit Anne Frank’s House, Rijksmuseum, Van Gough Museum, and the popular Dam Square. Here you can also eat street food, cycle your way past the beautiful canal, or enjoy a picnic at Vondelpark.

Labrador, Canada

Not only is Labrador utterly breath-taking, but it is also home to a new national park. Akami-Uapishku-KakKasuak-Mealy Mountains National Park Reserve is located in the northern Labrador wilderness, and it’s the ideal destination for avid hikers. Also, at 4,131 square miles, it’s equivalent to the size of Jamaica.

Other notable landmarks you will not want to overlook include Gros Morne National Park, Western Brook Pond, and Corner Brook, so it’s perfect if you love to explore the great outdoors.

Vienna, Austria

Vienna is easily one of the most underrated cities in Europe. In addition to an extensive classical music history, it’s also the opera capital of the continent. What’s more, it’s simple to travel from A to B across the compact city. Those who appreciate the finer things in life will certainly love Vienna, which is known for good food, good wine, and luxury accommodation.

You can also take a ride in a horse-drawn carriage or on the Wiener Riesenrad giant Ferris wheel. Despite its many fantastic attractions, such as Belvedere and Schönbrunn Palace, Vienna doesn’t experience too many tourists in comparison to other major cities.

Valletta, Malta

There is no better year to visit Valletta, as it is currently celebrating its award of European Capital of Culture 2018. Expect to marvel at the melting pot of European influences, as the capital was built by the Knights of St John after the Great Siege of 1565. In celebration of its recent award, you can enjoy everything from fireworks, dance, theatre, opera, and music across the city.

Business

How to reduce your investment risk

August 3, 2018

In many ways, the principle of investment strategy can be summarized by the phrase “risk versus reward”. Usually, the greater the risk, the greater the potential reward, though this is not always the case. The bottom line, however, is that investing comes with risk, and how to manage this risk and keep to an acceptable level is an important part of the process.

You may have studied the markets that you want to invest in, and you may have access to the best share analysis, but if you are going to make a success of your investing, then you need to account for risk and ensure that your risk isn’t higher than you can handle.

Risk tolerance

An important part of dealing with risk is to determine the level of risk that you are prepared to undertake. Every investment that you make will entail some form of risk, and it is essential to understand what that risk is in order to minimize it. Two important aspects to consider here are risk capital and net worth. Net worth is simply your assets minus liabilities. Your risk capital is essentially the money that you can afford to lose. If your net worth is small and you have minimal risk capital, then low-risk investments will be more suitable.

Do your research

When it comes to investment, there is no such thing as too much research, and by applying yourself fully in this area, you will be in the best position to reduce your risk. Before you invest in a stock or fund, make sure that you know all the relevant statistical indicators, including earnings growth, debt load and stock history. You can also compare these figures to other similar investment products. Another important data indicator is the price to earnings ratio (P/E ratio), which measures the link between stock price and annual earnings. The higher the P/E ratio relative to other stocks in the same industry, the greater the risk.

Diversification

Another good way to reduce your risk is to spread your investments over a range of product types and economic areas. This is known as diversification, and it is a useful way of spreading the risk of your overall investment package. For instance, you could choose to invest a third of your funds in stocks, a third in US Treasury bonds and another third in real estate. Obviously, this can potentially reduce your profits, but it is a good way to offset the risk of losses in one sector, and reduce the impact of one failing investment on your overall funds.

Monitor your investments

Finally, it is important to take a hands-on approach and monitor your investments, making sure that your funds are properly allocated, depending on your investment goals, which will be based on how long you are aiming to invest for, and how risk averse you are. At least once a year, it is a good idea to check your portfolio to keep your risk exposure as low as possible.

You can’t avoid risk when you are investing, but there is no need to take on unnecessary risks, and by following these simple tips, you can help to keep your risk level under control.