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We all love our assets. Unfortunately very few of us can well manage the asset and evaluate the performance of their managing capabilities. It is essential for everyone to well manage our assets. In this article we will learn 5 tips to increase our asset performance.
1- Start your asset management assessment by applying a value of it and check which one of them gives you best return.
2- While you calculate return from your asset, consider the discounted value of return over the period of time. It would really not make much sensible asset management if a belongings gives you 100$ return over 5 years when the 100$ would have a buying power of 80$. You have to think of getting 120$ return from your asset.
3- On different situations, we have to decide on the opportunity cost of our possessions. If investing in one type of asset gives you more return than another, then you should prefer to stick with high return and low risk option.
4- Every asset you try to manage should have some liquidity ratio. You have to determine your overall liquidity requirement and plan your management in light of this. Without proper level of liquidity it is difficult to make forward moves and perform better with your possessions.
5- Finally, always keep investing in new to newer property as you do not need to expense all the returns you get. There are few assets that have ever increasing valuation – think of extending your ownership on such properties. A car is not a wise asset but a home is as its valuation will keep going higher with time. Depending on your country economy you have to pick such property as your most preferred one for recurring investment.
Follow these simple tips while evaluation the asset performance and take the right decision in light of your findings! They will keep growing!
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Source by Ramon Elias Rodriguez