Click the link below for the weekly business rail, with tips on investing in gold, BBB warning about selling your timeshares, and more. Or check out these other links.
Tip of the Week
In the dark about how to invest in gold? Despite gold's increasing value and popularity, many folks don't know where to get started. To help investors who want to add gold to their portfolio, the World Gold Council highlights these five options to get you started:
1. Gold Exchange-Traded Funds (ETFs): Since the launch of SPDR Gold Shares (GLD) in 2004, US investors have been able to buy gold on a stock exchange just like a share of a company's stock.
2. Gold mining stocks: With this option, you are investing in a gold-mining company, rather than gold bullion.
3. Gold Accumulation Plans (GAPs): Similar to a conventional savings plan, GAPs allow investors to set aside a fixed amount of money every month in order to purchase gold on each trading day during that month.
4. Gold bars: There are many different refineries that produce gold bars and most companies that sell gold will offer a variety of options to suit various budgets.
5. Gold bullion coins: Issued by governments around the world, gold bullion coins are a popular choice for investors.
In a tough economy some struggling families look for ways to reduce their expenses. One popular option is to unload any timeshares in order to recoup their investment or stop paying maintenance fees. With many businesses specializing in reselling timeshares, the Better Business Bureau offers the following tips to timeshare owners looking to sell:
- Use a business you can trust: Make sure the timeshare reseller you use is a BBB Accredited Business or at the very least has a good rating with BBB. Check out a business's BBB Business Review for free at www.bbb.org.
- Confirm licensing requirements: Some timeshare resellers will use fake addresses or PO boxes in order to mislead timeshare owners. Confirm where the company is located and in what states it does business. Ask if the company's salespeople are licensed to sell real estate where your timeshare is located. If they are, verify this with the state licensing board.
- Get the facts on the figures: Find out if the business charges a commission. Do they handle the entire closing and provide escrow services? Do they charge an up-front listing or advertising fee? What does it cover and is it refundable?
- Be wary of upfront fees: Some companies may charge an advance "appraisal" fee for services. Strongly consider opting for a company that offers to sell for a fee only after the timeshare is sold.
- Don't fall for the hard sell or an offer that sounds too good to be true: Don't agree to anything over the phone; instead ask the salesperson to send you written materials. Take the time to think it over and don't be pressured. Unscrupulous timeshare resellers may claim your property is in demand and they can sell it immediately; unfortunately, these promises are often empty.
For more advice you can trust, visit www.bbb.org.
According to Woman’s Day, here are eight workplace habits that productive workers do:
1. They make it a point to take breaks.
2. They start their day off on the right foot.
3. They make mindful food choices.
4. They keep a flexible to-do list.
5. They use technology with intent.
6. They balance their workload.
7. They put perfectionism in its place.
8. They know how to say "no."
Number to Know
50 percent: According to an Associated Press study, 1 in 2 new graduates are unemployed or in positions that don’t use the skills the learned in school.
$873 million-$895 million: Netflix’s financial outlook for the second quarter, a disappointment to analysts, who expected $897 million.
GateHouse News Service