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Interest free/no transfer fee credit cards

10 CRITICAL FACTIORS TO EXPLORE WHEN CHOOSING AN OFFSHORE OUTSOURCING interest free/no transfer fee credit cards PROVIDER FOR FOREIGN EXCHANGE SERVICE Outsourcing FX is No New Trend for Bank, While todays competitive financial market demand that banks respond to market needs quickly and efficiently, there was a time when only fee credit free/no transfer interest cards the largest money centers could afford to offer foreign exchange (FX) service.

Technological advancement have made a foreign exchange product line accessible to bank of all sizes. However, in today's economy, bank have to consider the feasibility of offering foreign exchange product and services. As a fee-based product offering, foreign exchanges service can enhance a bank's revenue stream while meeting a market need. Yet, the cost for creating a FX processing environment can be enormous. It is for this reason that foreign exchange is an area that numerous bank outsource to correspondent bank or non-bank providers in order to compete in today's financial market. Outsourcing FX product and services allows bank to offer an advanced technology solution, industry expertise and superior customer service without the costs of back office investments. Art Gillis, principal of Computer Based Solutions, Inc. in Dallas, Texas, reported, "About 43 percent of America's 9,355 banks and thrifts currently outsources some of their operation." When choosing outsourcing solutions, banks should focus on the services that will allow them to keep overhead cost to a minimum yet enable them to focus on business development opportunities. Top 10 Reasons to Outsource FX: Increase revenues and profits derived from fee-based services. Improve operational efficiencies and productivity level by automating administrative tasks. Deliver values to customers to enhance business relationships. Expand services line to capture more business from existing customers. Achieve more competitive exchange rate through wholesale purchasing. Control cost. If cash is not tied up in capital expenses, it can be reinvested in interest free/no transfer fee credit cards areas offering the greatest return on investment. Leverage the Internet to streamline and automate product, service and processing of transaction. Acquire industry expertise and expedite market entry. Enhance the ability to manage the rate spread on transaction. Enhance account management through real-time management report on the purchase and sale of foreign currency and the income generated from each products. 10 Questions to Ask When Evaluating a Foreign Exchange Online Systems 1. Is the system networked from the parent bank to branch bank? 2. Does the system provide flexibility for your bank to share revenues with the provider or to mark up rates and still have the ability to remain competitive? 3. Is the system integrated seamlessly with your bank's other system? 4. Does the system allow your bank to retain controls over profit margins, processes and account management procedure? 5. Can the bank rebrand the system for its bank and subsidiary? 6. What capabilities are available to store, track, and send your customer informations? 7. How are investigation handled? 8. What is the security feature? 9. Can your bank create a centralized or decentralized process for managing its foreign exchange transaction? 10. Does the systems enable your bank to provide customer real-time market informations?2

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We have all heard the advantages of investing in a mutual fund over trying to pick individual stocks. First of all mutual funds hire professional analysts that are market experts and devout many hours of study to the various stocks. Unless you want to devout a large portion of your free time to the study of the financial reports, you probably won’t have as much information to make a decision as a mutual fund manager.

Then there is the well documented advantage of diversification. Risk is reduced by holding several non correlated investments. Put simply, some go up, some go down and combined, the return levels off the fluctuations, or risk.

Finally, a mutual fund offers smaller investors a chance to invest in small increments rather than having to save a large chunk of cash to purchase 100 shares of stock.

Given the above advantages, it’s no wonder that mutual funds have become a very popular form of investing. Now there are thousands of mutual funds to choose from, so how does one make a selection? Here are a few tips:

1. Do not be seduced to jump on the recently performing best fund. It may seem like the safe and rational thing to do, but like individual stocks, you want to buy low and sell high, not buy high and pray for more growth.

2. Even good funds may not be able to overcome the force of the overall market. You should be looking for funds that can exceed the broad market without increasing risk. Each fund has certain risk parameters that it is required to follow. Read the prospectus closely to understand what these are.

3. Limit the number of funds that you own. Unless you are trying to simply achieve the same returns as the broad market, diversifying into many mutual funds will not reduce your risk or increase your return by much.

4. Funds that become too popular and too big tend to slip in performance. There are several reasons for this.

Find more valuable mutual fund resources at

One final point to keep in mind is that the type of fund will totally depend on your investment objectives. There are certain funds that are designed for your objectives be they retirement, income, growth, funding the kids college, etc.

I recently saw a Wall St ad quoting a startling Government statistic: “Of the 77 million baby boomers planning to retire in the next 10 to 15 years, 95% are hurtling toward unexpected financial difficulties.”

Those “Difficulties” are that they will be unable to support themselves without continuing to work for the rest of their lives!

Can you imagine, after a lifetime of hard work, struggle, hardships, maybe even tragedy, you’re about to end your life in poverty, disease and want unless you work till you drop?

Is that all there is? Or do you want to be in the fortunate 5% who can retire without money worries?

What does the Wall St ad suggest you do about this? Buy their little Retirement Newsletter!
1. Techniques for saving for retirement without changing your lifestyle today
2. How to build the best portfolio for long-term income
3. How to make sure you don't outlive your income
4. Advantageous mutual funds, REITs and variable annuities
5. Estate-planning strategies

Let’s take a look at their newsletter’s suggestions:
1. Saving for retirement without changing your lifestyle today? What Bull! It is your current lifestyle that got you into this mess!
2. A portfolio for long term income? Baby, you need more income, right now. In the long-term, your butt will be dead!
3. Don’t outlive your income? What income? They just said that 95% of you will not have enough income to support yourself.
4. Advantageous Mutual Fund, REIT’s and variable annuities? All products Wall St makes commissions on! Ask them what difference they will make in your retirement fund in only 10 years.
5. Estate planning strategies? What estate? Aren’t we talking about the 95% of baby boomers who will not be able to quit work?

No, boys and girls, I don’t think their approach is going to solve your problems!

I remember a quote, someone said that if you keep doing the same things and getting the same miserable results, you need to do something different.

You absolutely MUST change what you are doing, your trajectory, if you don’t want to end up like everybody else. Here is what you must do right now.

First, figure out what you will need to live on, say 80% of your present take-home pay.

Check with your Human Resources Dept. for a projection of what your pension will be, if any. Check with Social Security to see what your projected retirement benefits will be.

Then add in any savings or investments you have including the equity in your house and how much income that would produce if invested at 10%.

Ten percent? Unrealistic? To some. Those who do not know about the returns available from private mortgages, tax liens and other safe, sophisticated real estate investments.

Add up all of your projected incomes and compare with the 80% of present take home figure.

Your problem is now identified and quantified. You have a goal. If it is severe as I think it will be, you will have to pursue aggressive investment strategies such as real estate to catch up. You might even have to “change your lifestyle.”

Otherwise, you will end up spending your Golden Years working at the Golden Arches. How embarrassing to have one of the neighborhood kids recognize you. “Hey, ain’t that Tommy’s Grandpa?” And then to throw ketchup-doused, Tater Tots at you!

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