Diversify Your Investments: 2 Tips to Get You Started

When it comes to investment planning, most people think about how to grow their money. While this is certainly an important goal, it's also crucial to consider ways to protect your investment portfolio from potential downturns in the market. One way to do this is by diversifying your investments. Here are a few tips for getting started with investment diversification. Keep Your Investment Mix Updated It's also important to keep your investment mix updated as your financial goals and personal situation change.

When is the Right Time to Prepare a Property Depreciation Schedule?

Preparing a property depreciation schedule allows investment property owners to claim for wear and tear deductions on capital works and assets within their property. These deductions reduce the amount of tax paid towards the property, and they can result in significant savings every year. However, new and prospective property investors are often faced with the challenge of determining the most suitable time for preparing this document. Read on to find out the ideal time that you should prepare a property depreciation schedule so as to enjoy tax savings.