Tag Archives: portfolio

How to Invest Without Fear

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The world of investing can be very intimidating for persons who know nothing about it. Investing may seem like a pursuit for the wealthy elite or financial power-brokers, and not a money-multiplication activity that can be practised by ordinary people with relatively limited means.

Unfortunately, too many persons allow a lack of knowledge and an abundance of fear to prevent them from generating income and building wealth from investing. If you avoid or disregard this important financial skill, you may actually miss out on achieving your long-term money goals.

Do your research

If you have never bothered to invest because of ignorance, you first need to learn more about the process. The Internet provides myriad outlets which you can use to research investments. Just put “investing guide for beginners” in your search engine and it will return thousands of websites. Continue reading How to Invest Without Fear →

Investing by owning shares

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As things get tighter economically, more people are eager to find out how they can invest their money to create wealth. They realise that their dreams and goals will be difficult to attain if they depend solely on their job income. Investing can be a ticket to financial freedom for those who are willing to learn and abide by the correct principles.

There are several different ways to invest, and it can be easy to get confused about the various options. One investment type that may seem a little mysterious to the average person is the stock market. I often get questions from readers who want to understand more about stocks and how they can use them to make money.

Let’s examine how stocks operate and clarify how this method of investing may be able to help you to achieve your financial objectives. Continue reading Investing by owning shares →

Getting Started with Investing

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Whenever I examine the topic of investing, I often receive responses from readers who want to learn more about how they can make their money work for them in some type of investment. It seems that while they have a desire to invest, many persons are unable to proceed because they just don’t know where to start.

When I first learnt about the concept of investing many years ago, I was initially hesitant about putting money into anything that couldn’t guarantee a positive return. While I understood about saving and receiving interest on my money, it seemed like a risky idea to commit my hard-earned funds into an endeavour, hoping that it would generate a profit.

I remember doing a training course that required the students to create a portfolio which included stock investments. At the time, I didn’t know anything about the stock market, and I was annoyed that I was being forced to invest in something that could lose money.

Very reluctantly, I placed 20 per cent of my ‘pretend’ funds on a few stock picks, and prepared for a disastrous result. Continue reading Getting Started with Investing →

Financial challenges in a tough economy

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“I am really confused about how to make ends meet in these times. The cost of living is at an all time high, my salary can’t pay all my bills, and the returns on my investments are a joke. I really need some practical advice on how to make some more money to survive.”

If you haven’t already figured it out, we are living in tough economic times. The global financial markets are experiencing a frightening meltdown that’s affecting both multinationals and mom-and-pop stores, small savings accounts and large investment portfolios, consumers and retirees.

Here in Jamaica, the financial heads have admitted the obvious – we’re all going to be impacted by the international monetary woes in one way or the other.

Under normal conditions, making enough money to meet all our needs can be difficult. In this financial landscape it may seem almost impossible. Let’s look at some of the challenges that are currently impacting the standard ways of making money: Continue reading Financial challenges in a tough economy →

Building a Retirement Nest Egg

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In last week’s column, we looked at three retirees who had not made adequate financial plans to ensure that they could enjoy their golden years. To achieve a financially stress-free retirement, you have to create a proper strategy to replace your working income while you’re still employed.

One of the ways to generate retirement revenue is to invest over time to build a nest egg that will eventually provide the income you’ll need. Planning for an event that’s far in the future is not a simple process, so you must seek advice from a financial advisor. Here’s a look at what the retirement planning process entails:

Step 1:   Establish the Planning Parameters

The advisor will need to know your current financial situation in order to estimate the cost of your desired retirement lifestyle. Experts usually approximate 70 percent to 80 percent of your present expenses for retirement income needs; as some costs such as children’s bills, mortgages and car loans should hopefully gone at that time. Continue reading Building a Retirement Nest Egg →

Make Time to Make Money

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“I want to start an investment plan for my retirement, but the problem is that I really can’t find the time to concentrate on making money. My job takes me all around the island and I have very little opportunity to focus on my own affairs. Can you advise me how to start an investment plan with the least amount of time and effort on my part?”

“I don’t have the time to learn how to make money!” If I had received one hundred dollars for every time I heard clients complain that they can’t find the time to plan how to save and invest their money, I would have discovered a fast-track method for becoming rich.

With only 24 hours in any day, the reality is that time is limited. However, the perceived lack of time to do any endeavour is really a factor of where your priorities are placed. What you achieve in life is determined by what you desire to find the time to do.

How many times have we complained of an inability to find time to an undesirable chore like housework, but as soon as some exciting event comes around, we have all the time in the world to attend? Continue reading Make Time to Make Money →