Sunday 26 January, 2020

Current investment environment the best in over 40 years - Johnson

Financial commentator, Orville Johnson (right) speaking at a recently held Financial Forum hosted by EduCom Co-operative Credit Union Limited. Also pictured is Business Editor at Nationwide News and host of ‘Taking Stock’, Kalilah Reynolds, who moderated the forum.

Financial commentator, Orville Johnson (right) speaking at a recently held Financial Forum hosted by EduCom Co-operative Credit Union Limited. Also pictured is Business Editor at Nationwide News and host of ‘Taking Stock’, Kalilah Reynolds, who moderated the forum.

“The investment environment is now a pretty good one” that’s the sentiment expressed by financial commentator, Orville Johnson while speaking at a recently held Financial Forum hosted by EduCom Co-operative Credit Union Limited.

Johnson in presenting investment advice to the members in attendance described Jamaica’s economic outlook as positive due primarily to what the country achieved as a result of the recently completed International Monetary Fund, IMF, Programme.

He further went on to cite the country’s macroeconomic stability coupled with low inflation as an added incentive for persons to invest.  

“We now see relatively low inflation, we see employment expanding, we now see an exchange rate that is not a one way bet, we see more importantly that the government now has more resources in terms of us getting to a situation which we never thought we would have seen where you would have a budget speech and there are no new taxes.”

He added that the opportunity to invest is now ideal as the current environment is the best it has been for the last forty or fifty years.

However, Chief Investment Officer at the Credit Union Fund Management Company, CUFMC, Maurice Wright highlighted the risks associated with select investment options and the need to seek expert advice.

He cautioned investors to build a portfolio across different investment platforms to include bonds, equity and real estate so as to minimize the risks associated with each asset class.

The forum further explored best budgeting practices and retirement planning and also featured retirement author, Patricia Reid-Waugh, Account Executive at CUNA Caribbean Insurance, Marco Williams and Financial Commentator Oran Hall.

EduCom Co-operative Credit Union Limited staged its inaugural financial forum on October 31 at the Knutsford Court Hotel under the theme “Journey to Being Money Wise”; it was moderated by Business Editor at Nationwide News and host of ‘Taking Stock’, Kalilah Reynolds

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