Thanks to the upsurge in investment clubs and institutions offering high monthly returns, Jamaicans have developed a seemingly unquenchable appetite for ‘alternative’ investments. Many investors, no longer satisfied with the regular returns paid by established financial entities, are on a constant search for high-yielding options.
Trading in the foreign exchange market (forex) provided the first opportunity for many ordinary investors to participate in the global investment markets. This investing phenomenon, formally unknown to Jamaicans, was termed an ‘alternative’ investment.
However, with forex being the largest financial market in the world with over US$3 trillion traded 24 hours per day, Sunday to Friday, it hardly seems to deserve to be described as an alternative market.
However, looking at the definition of alternative, it might very well be acceptable to give it this description. Dictionary.com provides one definition of alternative as “employing or following nontraditional or unconventional ideas and methods existing outside the establishment such as an alternative newspaper or alternative lifestyles.” Continue reading Other ‘Alternative’ Investments