Ross Naylor
                      +48 (22) 389 65 70 (w)
                      +48 512 275 706 (m)

For some accounts, like money market accounts, it
makes sense to have a fee if your balance falls below a      ...
Mark Mobius - New Frontiers (from the Investors
Chronicle).                                                    ...
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Ross Naylor's Ezine - Issue 9


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Ross Naylor's Ezine - Issue 9

  1. 1. Ross Naylor +48 (22) 389 65 70 (w) +48 512 275 706 (m) ul. Królewska 27 lok 411 Warszawa 00-060 Poland. 5 Bank Fees to Avoid 1. Statement Fees Some companies charge statement fees. And I don't mean just your bank or credit card issuer. So do Words From The Wise some internet providers for example. If you are getting "One of the greatest pieces paper statements, check them over. If it appears that you of economic wisdom is to are paying fees for paper statements, switch to electronic know what you do not know. delivery where you can. " 2. Credit Card Fees - John Kenneth Galbraith Some fees, like late payment fees and over the limit fees, can obviously be avoided. However, some credit card issuers are considering other fees as well, including annual fees and minimum annual purchase fees. Keep an eye on communications from your credit card provider so that you are aware of possible fees that can be charged and switch providers if necessary. 3. Minimum Account Balance Fees on Basic Accounts Where are your
  2. 2. documents? For some accounts, like money market accounts, it makes sense to have a fee if your balance falls below a No, I don't want to know minimum. Not on a basic savings or checking account where your documents are, but it is important that though. That is ludicrous. Check the minimum balance somebody does. requirements on your bank accounts. If your bank requires one on a basic account, move. Are your financial documents, wills, insurances, certificates, 4. ATM Fees investments, deeds etc kept securely and simply in a single It almost makes sense to be charged an ATM fee if you location? go to a bank where you don't have an account . But what if your bank charges you another fee on top of that? Or, Have you made sure that somebody, outside of your even worse, hits you with an ATM fee to use their own immediate family, knows where machine? If your bank has an unreasonable ATM policy, that single location is? find one with better terms. 5. PIN Transaction Fees When you sign a debit card transaction, the issuer gets a larger portion of the transaction as a fee from the retailer than if you use a PIN. As a result, some banks are starting to make up for this by charging a fee. Again, double check your card terms. If you are being charged a fee for making PIN purchases, either sign for your purchases instead or switch bank. Did you know? Food for The Dow Jones Industrial Thought Average (US stock market) has risen 24 times and fallen 5 times These are some of the in the 29 third calendar years of the Presidential Cycle since things that I have been 1891. reading/ listening to in the past Worth bearing in mind given that few days. the coming year is the third of the current cycle. I thought that I would share them with you. I hope that you find them interesting The overall, average gain for the too. 29 third calendar years is 12.31%, with the 16 Republican A bullish outlook - Barton Biggs. presidencies averaging gains of 5.12% and the 13 Democratic presidencies averaging gains of Not so bullish from Robin Griffiths (interesting thoughts 21.14%. on the effects of Dollar weakness on US stocks and gold for non USD investors).
  3. 3. Disclaimer Mark Mobius - New Frontiers (from the Investors Chronicle). The views expressed here are my own. They are not necessarily shared by AES International. They A warning on gold from the FT. are subject to change at any time based on market and other Top 10 Ideas for Goldman Sachs New Ad (Not so conditions. This is not an offer or serious). solicitation for the purchase or sale of any security and should not be construed as such. References to Thanks for reading specific securities are for illustrative or informational As always, thanks for taking the time out of your day to read purposes only and are not these thoughts. I am well aware that the other demands on your intended to be, and should not be time are pressing. interpreted as, recommendations to purchase or sell such securities. If you have been forwarded this by someone else and wish to receive further issues, just click the "email me" button at the bottom of the page and put "subscribe" in the subject line. And finally, if you are one of those who has forwarded this on to someone else, thank you. Call me: +48 (22) 389 65 70 (w) +48 512 275 706 (m)