“Make investing part of your New Year’s resolutions.” This recommendation comes from the Barbados Stock Exchange (BSE), the self-regulatory organisation that facilitates trading of securities on the local stock market. The BSE’s CEO and General Manager, Marlon Yarde says that the Exchange is encouraging all Barbadians to “take stock” of their financial health in 2014 by focusing more on wealth-generating activities such as investing in their financial future. He noted that the process of investing in new issues of securities provides the dual benefit of providing businesses with much-needed capital for expansion while providing investors with the possibility to generate healthy returns on their investments.
Mr. Yarde said that he strongly believes that despite a challenging economic environment, the new year can bring reasonable returns for investors, particularly if investors follow up their New Year’s investing resolutions with good investment practices throughout the year. He also stated that he believes that in order for the Barbados economy to grow, it is “absolutely critical” for individuals, households and businesses to invest in the business sector.
Commenting on the investment opportunities available to the public, Mr. Yarde said that investing in businesses listed on the Exchange can be seen as a practical way to enter the investment sector, since the practice allows persons seeking to increase their wealth to start with comparatively small sums of money and gradually increase their investments over time. Furthermore, purchasing shares of publicly listed companies can allow investors to develop a diversified investment portfolio which will grow over time. The returns from investing can allow investors to accumulate wealth for their needs such as their children’s tertiary level education, retirement and other worthwhile endeavors.
The Barbados Stock Exchange acknowledges there needs to be a change in the mindset Barbadians have developed towards investing. This change in mindset will require a full understanding of how to go about investing and the benefits investing can provide. Mr. Yarde said that the BSE is encouraging persons interested in investing to speak to their financial advisors or to any of the BSE’s Registered Brokers.