4 tips for investing in offshore funds

Prepare an investment policy statement (IPS)

A respectable wealth manager should prepare an IPS document for their client, which is vital in order for the investor to make an informed investment decision. The investment policy statement should outline your investment objectives and risk tolerance, among other things. It should state your motives for investing in the offshore funds and that tax minimization or deferral is not one of the main factors behind your decision to invest offshore.

Document discussions

It is important to clarify with your wealth manager what your objectives are and, if reducing taxes is not one of the primary reasons for investing offshore, explain that to your wealth manager.

Choose local if you can

If there’s an investment fund in your region that is equivalent in all important respects to the offshore fund you’re considering, you may want to choose the local investment instead in order to avoid any questions from the applicable tax authorities. It’s more than likely, that you may have difficulty finding an equivalent localized fund if the investment adopts an alternative strategy (something esoteric, and not simply a fund that purchases stocks on a long-only basis). If there is no localized equivalent investment fund that you’re aware of, be sure to document that fact.

Watch your cost amount

In general, if the value of your offshore investment is less than $100,000 USD in aggregate, you won’t have to report these assets to your tax authority. It is likely that your local tax authorities will raise this threshold, so it is advised that you keep abreast of all relevant tax laws and any changes to them pertaining to offshore investment.

5 Things to Consider While Selecting a Financial Planner

Unlike someone calling himself a CPA or a physician, just about anyone can call himself a “financial planner” or a “financial advisor” regardless of their educational background and professional experience. Moreover, not all of them are unbiased in their advice and not all of them always act in their clients’ best interests.

To ensure your financial planner is well-qualified in personal finances and impartial in his advice, consider the following five things:

1. Planning Credentials: Having a highly-regarded credential in financial planning, such as Certified Financial Planner (CFP) or Personal Financial Specialist (PFS), confirms that the professional you intend to work with has acquired the education and experience necessary to serve as a financial planner. CFP and PFS credentials are awarded to only those individuals who have met the certification requirements of education and experience in planning for personal finances. In addition, they have to pass the certification examinations and agree adhere to the practice standards and continuing education requirements.

2. Subject Matter Expertise: Financial planners are planning professionals, not necessarily subject matter experts. For example, a financial planner will be skilled in tax analysis and planning,but unlike a Certified Public Account (CPA) or an IRS Enrolled Agent (EA) he might not necessarily be a subject matter expert when it comes to tax rules Similarly,a he could be skilled in chalking out an investment plan, but unlike a Chartered Financial Analyst (CFA) he may not be an authority in the subject of investments. Work with a financial planner who is also a subject matter expert in those areas of personal finance that are important in achieving your financial goals.

3. Client Specialization: Not all financial planners serve all types of clients. Most specialize in serving only certain types of clients with specific profiles. For example, a personal planner may build his expertise and customize his services to serve only those individuals and families who are in certain professions, or a particular stage of life with specific financial goals and net worth. Ask whether the planner specializes in serving only certain types of clients with specific profiles to determine whether he is the right fit for your situation and financial goals.

4. Fee structure: The fee structure largely determines whose interests he serves best – his client’s or his own. A Fee-Only professional charges only fees for their advice whereas a Fee-Based professional not only charges fees but also earns commissions, referral fees and other financial incentives on the products and solutions they recommend for you. Consequently, the advice from a fee-only one is more likely to be unbiased and in your best interests than the advice from a fee-based financial planner. Work with a professional whose fee structure is conflict-free and aligned to benefit you.

5. Availability: He or she should be regularly available, attentive, and accessible to you. Ask the planner how many clients he currently serves and the maximum number of clients he is planning to serve in the future regularly. This clients-to-planner ratio is one of the key factors in assessing your planner’s availability to you in the future. Also, ask which planning activities are typically performed by the planner and which ones are delegated to a para planner or other junior staff members. Lastly, make sure the planner is easily accessible via phone and email during normal business hours.

Once you have shortlisted a few well-qualified and unbiased financial planners in your local area, consult the ones who offer a FREE initial consultation first. During the initial consultation, assess the planner’s availability and any other professional attributes you are seeking in your financial planner.

Having a well-qualified and unbiased financial planner by your side is extremely important in your journey towards your financial goals. When searching for one, consider the planner’s professional credentials, client specialization, subject matter expertise, fee structure, and availability to select the right financial planner for your needs.

Best Tips to Avoid Squandering Your Inheritance

When you receive an inheritance, it is important to figure out what will you do with that money. If you do not plan properly on how to spend that money, it will slip out of your hand within no time. If you have already got the cash, or you are about to inherit the money, here are some five tips for using it properly.

Don’t Rush Your Decision

People generally do not allow the money for a cooling-off period, after receiving the cash. This is one of the worst mistakes that people usually do. They are always in a hurry of spending the money without thinking twice. You can save the money either in a money market account or savings for at least two months in order to plan your options. You can also put the money into a short-term deposit for saving it, because you have to pay penalty if you withdraw it before time.

Assess Where You Are

If you analyse your present financial situation, you can get an idea about your future move. You can plan to start a college fund for your children, add the money to your retirement savings or keep it as an emergency fund. Make a goal in life, so that you can achieve it with the help of your inheritance.

Be Realistic About Your Inheritance

A sudden chunk of money will you lead to towards a changed lifestyle. The things like a new car or a luxury vacation that you could not afford before will now seem to be very tempting. You have to be careful to control your temptation and save your money for future needs.

Establish Boundaries

It is evident that when you receive an inheritance, many people come with a try to have a share in the money. Bank or financial sales people may call you so that you invest your money in their products. You may also be asked to make a huge donation by any charitable organisation. So, it is very important to set boundaries and prepare yourself for saying no to the people.

Be Proactive

You may need some professional help to figure out how to save your inheritance. It is absolutely fine to hire a financial advisor, but do not make your decision solely as per his guidance. In the end, it will be you who will take the final decision. Do some research and set your goals before taking professional’s help.

My Tips on Improving Your Finances for Life

There is no way to avoid dealing with money and finances these days. Therefore you should try to learn as much as possible to help you make good financial decisions and to increase your confidence about money.

When you make a budget, it should be realistic regarding your income and spending habits. Be sure to include all of your income such as alimony, child support, rental income, or any other. Always use your net income not your gross earnings in these calculations. Once you have the numbers, you can consider how to adjust your spending to stay within your income range. To maintain your budget never exceed your incoming cash flow.

The next step is to total up your expenses, and you should make a list of all monthly expenses. Your list should document each and every expense that you have whether it expense, spontaneous or just a one time expense. Remember that this list needs to have a complete breakdown of your costs. Be sure to add in expenses that you have from restaurant dinners and fast food as well as grocery bills. Reduce expenses linked to your cars, such as gas and insurance. If you have payments that you make quarterly or less frequently, divide them up to reflect a monthly payment. Make sure you include incidental expenses, for instance, baby sitters or storage unit rentals. Try to have the most accurate list possible.

Now that you have a good idea of your income and expenditures, you can start planning a new budget. Look at each expenditure on your list, and decide what you could do without. If you normally buy coffee from a cafe, calculate how much money you would save on a weekly basis if you bought it from McDonald’s instead, or made it at home. Exactly what and how much you are willing to compromise is completely up to you. The first step is identifying expenses that are not necessary so you can use the money for something else.

If your utility bills are rising, you may want to upgrade your appliances to save some money. Upgrading to well-fitted double-glazed windows, for example, can reduce your heating bill dramatically. Besides you can repair any leaky pipes and only run the dishwasher with a full load.

Swap old, inefficient appliances for those that use less energy. Although doing so may cost you some money upfront, over the long-term you will save a fair penny on your utility bills. Unplug the appliances you do not need. In time you will notice significant savings in your energy consumption.

You can make a significant decrease in your heating and cooling bills by improving your insulation, as well as the roof above it. Insulation or roofing issues can be very costly, as maintaining a regular temperature in the home can be expensive. If you invest in the upgrades, it will save you a lot of money in the long run.

Using these tips not only saves you money, but it also helps you start bringing your budget under control. An expensive upgrade can save a lot of money in lowering electricity or water bills. This is one way that you can make your budget more reliable.

Learn Where You’ll Be Able To Get The Good Quality Product You Need

An individual who has to acquire cannabis for healthcare motives will probably need to ensure they will buy a high quality product. It really is essential for them to have the ability to depend on the quality and also the supply so they can manage the signs and symptoms of their health issues as cautiously as possible and also ensure they really are obtaining the support they’ll need to have.

If perhaps someone requires reliably top quality products, they’re going to need to look around to be able to locate a fantastic dispensary they’re able to consider each time they’ll need help. It is important to locate one that provides top quality products as well as a variety of products so they can always discover precisely what they will need. They’ll additionally desire to locate one which includes workers who are amazingly knowledgeable and also may help them discover just what they will need or describe things they may not understand to allow them to make sure they’re getting just what they’ll need. It’s also important for the person to locate a place that offers competing prices to make sure they don’t have to spend too much.

In case you happen to be looking for the perfect dispensary, you might wish to have a look at one that’s available in canada today in order to see exactly what they will have to offer. You’ll be able to uncover exactly what you’ll need to have and also acquire the aid you may need right now.

Is Marketing Necessary for Your Company?

Do marketers promise miracles? Webster specifies ‘miracle’ as a very remarkable or out of the ordinary event, thing, or achievement- usually unforeseen. Well, one thing for sure, marketers don’t make guarantees, they create solutions and they ACT on it.

Internet marketers make use of methods depending on market tendencies and put it on properly. The ‘be all end all’, isn’t the internet marketer as well as the techniques used. It is, in fact, the client. All of the techniques used by the marketer is determined by the buyer, and they pattern remedies based on the researched wants and needs of the consumer.

‘The great Albert Einstein once reiterated, ‘genius is one percent enthusiasm and ninety-nine percent perspiration’. Business success, conversely, is ’10 percent product and 90 percent marketing’. Although it is not sure how exact that statement is to the vast majority of marketers around the globe. Conversely, it gives you the thought, ‘are advertising and marketing that necessary?’ Here are a few pointers why it is:

Marketing sells your product or service to the people who know you exist and to those who don’t know you exist.

Marketing helps you build your brand and the image you would like your customers to see it.

Marketing aids in the movement of products and services.

Marketing includes the design of the merchandise suitable to consumers.

Is there any Psychological Trick for Marketing?

What psychological trick can you employ for marketing? Well, cliché as it might sound, being a genuine salesperson. In general, you don’t need any ‘psychological trick’, you just need to understand the psychology of your market – what does your market want, what provides them an excellent customer experience, what sales method do they prefer? By knowing these simple aspects, you can study how to cope with them.

In place of focusing on how to boost your selling, try to center on enhancing services to sell to them – that’s actually one principle of inbound marketing. You assemble yourself first before you go out and then sell. You could make a website of your own, put great content on it, elaborate on your competence, create an attractive portfolio, etc. You can also create profiles on social media platforms (like Facebook, Twitter, Google+), professional networks (like LinkedIn, Branded.me), Q&A websites and forums (like Quora, Stack Overflow, CNET). You can then post daily updates and if you’ve made amazing content, will be amazed at the amount of traffic and inquiries of potential clients. Now, after you’ve made an online presence, you can then resort to outbound measures – that includes approaching potential clients.

72Solutions Outbound Telemarketing Services is a well-established lead generation service provider dedicated to lead generation, appointment setting, data cleanup and profiling, and outbound marketing. 72Solutions values relationship, we are wholeheartedly dedicated to our services and sincerely devoted to both our clients and their customers.

6 Ideas to Turn Your Customer Holiday Gifts Into a Marketing Tool

Remind them of you:

The simplest way to make your holiday gift a marketing tool is to choose a promotional product with your company’s name and/or logo on it. But for best results, make sure it’s something your client will actually use-ideally, in a setting when they’ll be thinking about buying what you sell. Also make sure it matches your brand and is relevant to your business.

For example, if you sell accounting services to businesses, a high-quality pen set, a pad folio for notes, or a travel coffee mug is likely to be used at or on the way to work when the client is thinking business.
If you are a cyber security company, a tech item would be a great gift.

Personalize it:

A promotional product with your logo isn’t the only way to put your personal touch on a corporate gift. For instance, if you own a graphic design business, you could design your own wrapping paper or gift boxes for your gifts (be sure to add a label that says you designed it!). This way, you’re subtly reminding clients of your talents while they open your gift. If you own an interior design firm, you could make gift wrap or ribbons out of leftover fabric swatch.

Give what you make or sell:

This not only saves money because you’re using your own inventory, but also reminds the client of your quality product. Every time the client drinks a cup of coffee made with your fresh-roasted beans, uses your handmade stationary or puts his iPod in your leather case or holder, he’ll be reminded why he does business with you.

Deliver your gifts by hand:

If your clients are local, make an impact by delivering your holiday gifts yourself. THE PERSONAL TOUCH! Make a brief appointment so you’re not interrupting, and spend the time catching up with the client. Don’t make this a hard-sell sales call, but listen for clues as to how you may be able to help them in the future, and cement your interest in working with them again next year.

Give the gift of time:

Instead of giving a physical gift, take key clients out to breakfast or coffee-something brief that provides a break in their busy days, but also gives you time to reconnect. You’ll stand out from the crowd of social media connections by simply being present in real life, and you’ll be top of mind when the client turns to next year’s budget.

Give the gift of information:

A business book or magazine subscription that’s relevant to your client’s industry, challenges and interests shows you put some thought into what will help her get ahead in the coming year. Plus, you can follow-up later by asking the client how she likes the book and why you thought it might be helpful to her… inquire nicely into how your business might be helpful as well. And if you’ve procrastinated, this is a quick and easy gift.

Product Managers Struggle To Discover: Just How Dumb Are Your Customers?

How important is honesty to a product manager? You would think that this would be a big deal to most of us, right? The thinking goes that if we’re not straight with our customers, they they’ll stop trusting us and they’ll go somewhere else to get the products that they need to solve their problems. However, what would you do if you found out that this wasn’t true? What if you discovered that your customers wanted you to lie to them?

The Problem With Concert Ticket Prices

Welcome to the 21st Century! If you are planning on going to see a live concert, then you are going to need to get your hands on some concert tickets. The way that we do this today is everyone goes online and goes shopping for the best price possible for the event that they want to see. The company that has always dominated the online selling of concert tickets is called StubHub. StubHub, which is owned by eBay, is a key player in the US$6B annual market for concert tickets.

Awhile back the StubHub product managers did exactly what they were supposed to do: they took a survey of their customers. They were looking to find out what part of the ticket ordering process caused them the most grief. It turns out that just about everyone said that they hated the fact that the tickets were priced at a low price until you reached the end of the online buying process and all of sudden how much you were paying shot up as additional fees were tacked on.

Based on what they were hearing their customers tell them, the StubHub product managers decided to make some changes to their product development definition. Under a program that they decided to call “all in”, they changed the prices for tickets that were listed on their website to reflect the final price that someone would end up paying for the ticket. However, when they did this, all of sudden to online shoppers it looked like StubHub’s ticket prices were higher than their competitors. StubHub’s share of the online ticket sales market started to decline. Over time it went from 60% – 70% of the market down to roughly 50%. Clearly something was wrong here and this was not going to look good on anyone’s product manager resume.

StubHub’s Next Steps

The idea behind the “all in” pricing program was a great idea. Since customers had identified separate service charges as being their top annoyance, the natural action for a product manager was to make that problem go away. By showing customer what they would really be paying at all times the customer should be happy, right? In this case, that did not turn out to be the case.

It was pretty clear pretty quickly that StubHub had made a mistake when their customers started shopping at other sites. StubHub had thought that because of their dominant market position, when they created a price that included all charges, everyone else in the market would be forced to do so also. When this happened customers who were shopping for tickets would see roughly the same ticket prices from all vendors. Much to the dismay of the StubHub product managers, this did not happen.

This has left StubHub in a difficult position. Thy tried to do the right thing by presenting their customers with the actual amount that they were going to end up paying. However, their customers have reacted angrily to this honesty and are now shopping at other vendors who are lying to the customers about how much they are going to end up paying for tickets. The StubHub product managers feel that they have no choice: they are going to have to go back to the old way of doing business. They are going to leave a checkbox option on their shopper’s screen that will allow them to see real ticket prices; however, the default is that customers will see lower prices until checkout time where they’ll see their cost shoot up by about 17%.

What All Of This Means For You

As product managers we spend a lot of our time trying to get to better understand our customers just like our product manager job description tells us to do. What we want to know is what parts of our product offering they like and where we can make improvements that will make our products more attractive.

Over at StubHub they sell concert tickets online. Their product managers surveyed their customers and discovered that they didn’t like it when extra charges were tacked on to their concert ticket purchases when they were making a purchase. StubHub created an “all in” program that showed their customers the true price of what they were planning on buying. However, it turns out that once customers saw these higher prices they fled to other websites that listed lower prices and then increased prices during the checkout process. When StubHub’s market share started dropping there was only one thing for the product managers to do: go back to the old way of doing business. Sometimes your customer doesn’t want to know how much they’ll be paying.

The experiences of the StubHub product managers should serve as a reminder for all of us product managers. They believed that they had done the right thing: they had talked with their customer, gotten their #1 complaint, and then come up with a solution to it. However, it turns out that their customer had lied to them. They didn’t like it when the price popped up on them at the end, but it turns out that they didn’t like tickets that appeared to be more expensive even more. Yes, our customers will tell us something, but we need to listen carefully and make sure that we’re able to hear what they are really telling us.

Cheap Ways to Start Marketing Online

Online marketing was quite expensive a few years back. If we think hard enough and do a little flashback, you’ll realize that most companies that advertise online are literally commercial empires, if not are online based companies. We seldom see or in my case, I never saw a locally based business advertising online.

But since internet has become a cheap commodity that almost everyone could already afford it, it’s normal that we encounter cheap marketing methods at the moment. In fact, there are some marketing strategies that are too specialized that they cater well to local marketing needs.

Local search marketing in particular is a cheap way to start marketing online. In order to start doing it, all you need is a free local search result subscription with a search engine and you’re good to go. If you’re a local business owner, you’ll appreciate how concise and exact it is in marketing your business.

Local search marketing works through local search results. It works in this way. Once a user looks for business information in specific vicinity, search engines will provide the local information that they have for that locality.
If you want to do serious local search marketing, then you must be ready to invest some money with a professional online marketer. These marketing professionals will help you get more out of this marketing strategy.

What exactly could professional marketers offer on the table? Well to start with, professionals could help you get better page rankings. As we all know, search engines compile information to what’s most relevant. Getting at the top of page results means better visibility right?

Today, online marketing could come cheap. As much as possible, invest on it early on. Being an early bird has perks in this marketing strategy. Starting marketing earlier than others online will give you a bonus in search results.

Starting Marketing Social Media Style

Starting marketing online today is not like it was even a few year ago. Unfortunately many do not see the changing times and are still doing business the same way that they always have been online.

The problem with starting a marketing campaign online now is that it has been done before..people are not responding as well to this form as they once had. The same as you you might feel about your favorite meal, you look forward to having it but if you had it all the time it probably wouldn’t be a favorite that long.

People change by being exposed to certain influences too much. When this happens they loose the taste for that form of receiving your message. Taste buds have been changing very quickly in the past year or so. The social media craze is on and big companies are afraid of it because they have no idea how to deal with it.

This works great for the smaller business because it truly puts you on a level playing field with the big boys. Just a small market share will drive your bottom line to areas were you only once had dreamed of.

Perhaps you have heard of site named Facebook, Twitter, MySpace, YouTube… there are more but those are the big ones. A surprising fact that most don’t realize is just how fast social media is growing. Everyone was in admiration at how fast the internet became the preferred form of doing business. It took Google the largest search engine on the internet years to become as popular as what Facebook did in just under 2 years. the fact of the matter is that social media has a strong hold on the market and is not going any were soon.

If you do not take movements like this into account when starting marketing yourself or you business online you will fall short of the make.