How can asset management save money for an organization?
480532
Asset management won't directly save money for an organization.  However, a financial planner can use monies from a company and invest it in different assets such as stocks, bonds, and real estate etc. to make additional money for the company over time.\n\nDoes that help?
1117757
Yep, I've thought about it.\n\nFirst, form a trust and pick a solid company to administer it.  That prize is paid out over 30 years (usually, or something close) and I don't want to lose over half of it in order to get the cash lump sum, yet I might not live long enough to see it all come in.  The trust then keeps it going for my family after I croak.\n\nSecond, a big chunk is going to taxes first and before I see a dime they will want to withhold at least a third.  Current taxes, state and federal would be really close to 40 percent (a rate that undoubtedly will go up in the future, but hopefully not as much as to cost the loss of the over 50 percent discount of the lump sum payment).  So instead of 30 percent withheld, I would have the full 40 percent withheld.  I would rather have government owe me than owe government.  Also, current rates are something like 35 percent for federal and 4 percent (actually 6, but the federal tax is deductible) state, which is 39 percent, so tack on the 1 percent that the trust company expects and make the numbers easier.\n\nThird, I would want to make some charitable donations, so set aside a quarter for a trust fund or foundation to distribute that.  As a Christian, I like to pay my tithe, an old word for a tenth, so that still leaves some 15 percent for things like schools and scholarships and helping poor families out with their health bills, medicines, and such.\n\nFourth, I would want to make some investments to keep the money working.  With today's uncertainty, I might shop for a bunch of banks to make jumbo certificate of deposit (CDs) accounts and get the better interest rates.  When the bank needs to give the money back, especially if I go to federally-insured small banks, they will probably notice that I have a few bucks and want to let me in on local opportunities like some good housing developer that needs some partnership money (he will incorporate first and give me shares or it ain't gonna happen with me).  When I identify an opportunity that will make me money better than the CDs, cash them in when they mature and invest elsewhere.  I've got a couple of practice stock portfolios, one making 19 percent and the other 6 percent increases, so those strategies might work for some of this.\n\nFinally, with the ten percent that remains, divy it up over the time as income.  With that I pay off my bills, go on to get my doctorate.  My wife can get her master's or more too.  My son will probably want to open an upscale coffee shop which will then be no problem.  I can travel abroad periodically, as well as about this country, because there are lots of beautiful places and fascinating things I haven't had a chance to actually experience yet.  Besides, there might be some fun opportunity to invest in and while I'm holding the checkbook folks tend to be nice who otherwise probably wouldn't give more than the time of day.\n\n50 million over 30 years is 1.6 million a year.  That's 1 million after taxes at the current rate.  That's a little over $400k for contributions and another for investments.  An annual $166k for disposable income is more than enough for what I want to do.  Besides, as contributions are often tax-deductible, I expect to get a chunk of that tax withholding back in tax refunds.  Thanks for the dream.
493231
save some, spend some.
219721
Stop shopping so much.  Save the money you save in a diversified mutual fund.  You'll make money and exert less effort.
483250
Meet with a financial advisor.  You will have to do some hard-core saving.  The best bet is to have money taken right out of your paycheck, the more the better.  Your advisor will walk you through different investment options - mutual funds, annuities, stocks etc.  Mutual funds are great, they're several stocks of different risk levels all bundled together to minimize the risk while maximizing potential earnings.  If you could put $200 a month in for 15 years in a moderately aggressive mutual fund, you could easily end up with $50,000.
148458
Many mutual fund families will waive their intial minimum requirement if yu set up an automatic investment plan, usually as low as $25-$50 per month. It is a good way to systematically save. Try American Funds, I believe they have very low minimums on this kind of approach.
208162
The concept of depreciation is really pretty simple. For example, let’s say you purchase a truck for your business. The truck loses value the minute you drive it out of the dealership. The truck is considered an operational asset in running your business. Each year that you own the truck, it loses some value, until the truck finally stops running and has no value to the business. Measuring the loss in value of an asset is known as depreciation.\nDepreciation is considered an expense and is listed in an income statement under expenses. In addition to vehicles that may be used in your business, you can depreciate office furniture, office equipment, any buildings you own, and machinery you use to manufacture products.\n\nLand is not considered an expense, nor can it be depreciated. Land does not wear out like vehicles or equipment.\n\nTo find the annual depreciation cost for your assets, you need to know the initial cost of the assets. You also need to determine how many years you think the assets will retain some value for your business. In the case of the truck, it may only have a useful life of ten years before it wears out and loses all value
69558
None.  Use a debit card, save money, invest.
665875
Think your money is lost. Which one do you like?\n1) Finder keep it for it self.\n2) Finder search for it owner.\nNow you can decide which is best.
882657
A saving acc so they could start  saving for there car and ins
732179
see a financial advisor\n\ninvest for the long term\n\ndiversify - invest in a wide variety of stocks, bonds, and others, so that if one area tanks, you don't lose everything.
638332
They assist in managing finances
290951
Create a monthly budget. First, spend one month collecting receipts, bills, etc. and determining what percentage goes towards rent, food, entertainment, transportation, etc. From that, you can determine which costs could be eliminated. By doing that, you can determine how much you can save during a month!!
1014492
I almost always save and invest "found money".  Just a habit I have gotten into over the years.  If I win money from an award at work I try to spend it on something I will remember.  To try and keep it up close and personal.  But usually about 70% of that ends up in savings as well.  I run out of ideas about how to reward myself.  Good luck.
1102319
You may want to just do a basic search for money management also, like on Yahoo or google, rather than paying money for info you could probably learn for free :o)
643061
Goodwill is no longer depreciated or more appropriately, amortized.  Non-current assets can be depreciated in any manner that accurately models the recovery of the cash flows.  The most common methods are straight line, X% declining balance, and units of production.  If your question is "how," then you need to look up the methods.  If you meant "why," it is to model recovery of the cash flows.  It isn't to model decay.  If the object breaks or becomes obsolete, then you write it down.  Certain non-current assets, such as raw land, are not depreciated.  Likewise, certain assets, such as minerals are depleted rather than depreciated, although it amounts to the same thing in practice.\n\nGoodwill is now the fly in the ointment.  It is tested annually for value and can be writtend own as necessary.
540720
It is a service oriented business. Remember the company which runs the asset management company doesn't own the money and hence it is not their money. It collects money from investors and invests and produces returns.  A good return compared to the competitor means more investors willing to invest their money with that AMC and hence more profit for the management.\n\nI think you got the feeling because you thought it is AMC's money but in reality it is simply a trust doing investment on behalf of all the small investors and by pooling through small amount it builds-up a big asset to be influential and makes the best out of available opportunities.\n\nHope that answers your question in a better way.\n\nGood luck.