Tuesday 29 September, 2020

#FinanceTwitterJa trio dominates JMMB Elevate Goal Getter forum

JMMB Goal Getter host Kerry-Ann Stimpson (second left) shared the spotlight with business journalist Kalilah Reynolds, and #FinanceTwitterJa representatives (from left) Marc Gayle, David Rose, and Simon Johnson at the second JMMB Goal Getter shindig. (Photos: Contributed)

JMMB Goal Getter host Kerry-Ann Stimpson (second left) shared the spotlight with business journalist Kalilah Reynolds, and #FinanceTwitterJa representatives (from left) Marc Gayle, David Rose, and Simon Johnson at the second JMMB Goal Getter shindig. (Photos: Contributed)

The official JMMB Elevate 2.0 kick-starter was presented with a sip and take stock-style mixer, poolside at the Spanish Court Hotel.

The Goal Getter-themed event afforded guests an opportunity to learn, share, interact with peers, and understand the nuances of the finance market.

This they achieved via the after-work jam session billed Learn + Vibe Creating Wealth For Today and Tomorrow, aimed primarily at investors and the investment enthused.

See highlights from the Goal Getter forum here... 

#JMMBGoalGetter

In actuality, the JMMB team replicated an interactive game of Stocks, dubbed the Go Getter Exchange (a play on the Stock Exchange) that afforded guests a more practical approach to the stock exchange.

Be it cocktails at the bar traded at the daily “Drink Exchange” rate or puzzle pieces that doubled as coasters and were separated to allow those with matching pieces to communicate, it was all a well-acknowledged effort from the JMMB team to encourage conversations in wealth and finance.

According to JMMB Corporate Communications Lead Patricia Valentine, the purpose of Goal Getter was multi-faceted. “Our goal at JMMB is to ensure the investment population is much more informed, to help our clients flex their investment muscle and update their financial literacy, so they, in turn, make the best decision for their future.”

She continued “Year one allowed us to recognise the hunger for financial knowledge, but we realise that persons didn’t take the next step and invest. So we decided to add practical components to make the advice we share more impactful.”

During the session, business journalist and TV show host Kalilah Reynolds elaborately listed the top ten most-talked-about finance and business stories of 2019.

This segued into a broader finance discussion orchestrated by JMMB marketing exec Kerry-Ann Stimpson.

Stimpson introduced three members of the Twitter-based focus group #FinanceTwitterJa Simon Johnson, David Rose, and Marc Gayle, who talked industry best practises and tips for young investors and enthusiasts.

Listed below are some must-follow tips for a young investor!

  • Relinquish emotion and spend time understanding the industry do’s and don’ts
  • Research everything!
  • Do not let a lack of capital or doubts of your incompetence stop you from investing.
  • NEVER get too attached to your investment. There’s a time to strike and a time to let go, knowing this, however, will only come through practise.
  • Start now!
  • Evaluate the pros and cons of investing with the company you’ve set sights on.
  • Be honest with yourself about your goals and what you intend to achieve from investing.
  • Determine whether you’re interested in long/short term investing.
  • No single investment package is suitable for every investor
  • Observer the leader of the company you want to invest with to make a smarter decision.
  • Study research reports!

Plus, the gents all provided their predictions for the 2020 investment landscape.

Rose appreciates the growth possibility in the junior markets and the developments of more IPOs.

Johnson reckons there will be a range of companies divesting.

Gayle shared similar sentiments, but added that 2020 is bound to be another great year for investments; the public will see more competition in the markets; high yields from IPOs; and overall growth for the sector.

Here are a few resources for the first-time investor or those who want to update their knowledge…

Get updates from the Jamaica Stock Exchange

www.investopedia.com is as the website name suggests an encyclopaedia of investment terms, slangs etc

Visit jm.jmmb.com; they really have your best interest at heart.

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