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    Story Highlights

    • Persons are being encouraged to “invest in their future,” through the Jamaica Stock Exchange (JSE), by Chairman, Allan Lewis.
    • Speaking at a JIS ‘Think Tank’ on October 8, Mr. Lewis said there is no limit to the amount one can save or who can save, but everybody should save something.
    • Mr. Lewis said persons can educate themselves about a company they think will do well, and with guidance from an investment advisor, make a decision to invest.

    Persons are being encouraged to “invest in their future,” through the Jamaica Stock Exchange (JSE), by Chairman, Allan Lewis.

    Speaking at a JIS ‘Think Tank’ on October 8, Mr. Lewis said there is no limit to the amount one can save or who can save, but everybody should save something.

    “If you’re not putting away something today, you’re going to be in trouble at sometime in the future. So, whatever sum you’re saving, some portion of it can be invested in the stock market or in bonds,” he informed.

    Mr. Lewis said persons can educate themselves about a company they think will do well, and with guidance from an investment advisor, make a decision to invest.

    Deputy General Manager of the JSE, Robin Levy, who also addressed the ‘Think Tank’, pointed out that everyone, including students, educators, household workers, corner store operators, mechanics, small and micro entrepreneurs, regardless of their age or station in life, can invest in themselves for the future.

    “With very small sums, you can start investing on the stock market. It doesn’t take millions of dollars. Many stock brokers now have facilities that allow you to deduct from your salary or send to them money that will be invested in various stocks each month or in an investment scheme that buys stocks.  So, you can start with small amounts and build up,” he suggested.

    Stocks and bonds continue to outperform every other investment vehicle, except real estate, Mr. Levy said, noting that real estate is restrictive, as it has a high entry cost.

    In the meantime, Assistant Vice President for Treasury and Trading at Scotia Investments, Gregory Samuels, said Jamaicans need to have a culture shift and change their outlook on investing in their future.

    He expressed a desire to see more persons taking control of their investments, their pension and their future.

    “When you talk to the average American, they’ll tell you about their 401K and their investment portfolio. When you talk to the average Jamaican, they’ll tell you how time is hard and they don’t have anything to invest.  The point is, investment is a discipline. Whether you’re earning $10 or $100, you still can put aside something and start saving for your future. The compounded effect of your investment over 20 years will surprise you. You’ll accumulate a decent sum, but you have to start by being disciplined,” Mr. Samuels said.

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