Never stop learning

Do you have three to six months of your expenses set aside in an emergency fund?  Do you have a long-term goal and are prepared to invest for up to 5 years?  Are you willing to take the potential risk that comes with investing in the stock market?  If you answered “yes” to all the above; then here are some good long-term stocks to consider for investment.  These stock recommendations have been provided courtesy of our JMMB Research team. 

How many pay cheques do you have left before you retire? To find out, multiply your number of working years left before you retire, by how often you receive your pay cheque; for example 27 years x 12 months = 324 pay cheques.  My personal number was my wake-up call and may be for you too. 

Will you need a loan for your car, home or another major financial goal whether now or in the future? Would you prefer to pay a smaller amount on your current loans so that you can save more money? Your debt service ratio (DSR) is crucial to both scenarios.  So today we will explore your DSR and steps you can take to ensure it does not go beyond 45%; as most traditional financial institutions in Jamaica prefer to lend to individuals who have a DSR below 45%.

How many days of your labour do you spend paying bills vs. the amount that you invest towards your dreams?  Today, we are going to do that calculation so that each time you spend, you will be more aware of  how much that new item truly costs you and how much work you have done to make this new purchase a reality. You work hard for the money, so treat yourself right in 2018.