COVID-19 Vaccination Members of the public were provided with useful tips and advice on how they can achieve their money resolutions for 2022, at the Ministry of Finance and Public Service’s Wealth Summit, held virtually on February 9.
The series of free quarterly events is part of ongoing efforts by the Finance Ministry to improve the financial literacy of Jamaicans and equip persons to make wise money decisions.
It was live streamed on the YouTube and Facebook pages of the Ministry and the Jamaica Information Service (JIS).
Finance and Business Journalist, Kalilah Reynolds of KalilahRey Media, who spoke on the topic: ‘Putting your money to work – Making passive income’, said that persons can create wealth by investing in real estate, pursuing entrepreneurship and by investing in the stock market.
She noted that for many Jamaicans, the most realistic investment option is the stock market.
“Real estate investing will take up a lot of your money. Entrepreneurship…will take up a lot of your time and it is not for everybody; not everybody has the skills, not everybody has the desire to run a business. So, the most accessible form of wealth creation is stock market investing,” she said.
She noted that in 2021, the Junior Stock Market in Jamaica grew by 29 per cent, which meant that persons who invested in the junior market last year, saw on average, a 29 per cent return.
President and Chief Executive Officer of Point Global Marketing, Javette Nixon, in his presentation, provided tips to help entrepreneurs make the perfect pitch to investors.His key advice was for persons to be authentic. “Tell a real customer story, tell your story – what you have done. Ensure that you know and outline your business model. Make the problem you are solving and the solution clear to any and everyone. Give the numbers […]
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