Christmas checklist


Christmas checklist

REPORT The Sterling


Sunday, December 22, 2019

Print this page Email A Friend!

Have you noticed that every year seems to go faster than the last? Chancesw are, you had a mixed year. In the midst of the silly season you will hope for some quiet moments when you can take stock of your successes and strategise over the things you weren't able to accomplish, perhaps mull over the opportunities that you think missed you.
As always, now is the best time to get an update on all your financial matters. This is everything, including your saving accounts, investment accounts, insurance, your pension, and all other things that are important to you.

In doing this exercise you may get an unpleasant shock or two. If so, you may need to make changes, possibly even contemplate a change of institutions.

In addition, if you have monthly drags on your income that are no longer necessary, this is a great time to reduce those recurring expenses.

Prepare a rough outline of the new year and its major activities and obligations. The financial obligations due in the first three months of the year would be the most critical.
All your Christmas spending should take into account these obligations so that you do not start the year off on the wrong foot!

How are you staying informed of investment opportunities? Are you on the mailing list of your financial institution? Do you routinely check the Jamaica Stock Exchange website for the latest news and offerings on the market? Do you follow Kalilah Reynolds on her programme Taking stock or follow her on Twitter?

Of course, the newspapers are very useful too. Investment opportunities can be short-lived, so time is of the essence in terms of staying abreast of things.

Managing your liquidity is key. You need to be able to liquidate your funds relatively easily to be able to take advantage of opportunities.

For long-term opportunities, make sure they are worth your while, as some investments are extremely difficult to liquidate. Unfortunately, we can't plan for every event, especially illness or natural disasters, so it is critical to keep some short-term money.
Naturally, you would allocate a section of your budget to the less fortunate, for it is in giving that we receive. For your grandchildren and/or children, this is a good time to explore financial gifts. This could be a gift certificate for a financial institution, or you could purchase shares or bonds on their behalf.

These are the types of gifts that keep on giving, both by way of growth (capital appreciation) and income (coupons and dividends)! Merry Christmas and happy investing!!!

Yanique Leiba-Ebanks, CFA, FRM, BSBA, is the AVP, pensions & portfolio investments at Sterling Asset Management. Sterling provides financial advice and instruments in US dollars and other hard currencies to the corporate, individual and institutional investor. Visit our website at Feedback: if you wish to have Sterling address your investment questions in upcoming articles, email us at

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at




1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed:

6. If readers wish to report offensive comments, suggest a correction or share a story then please email:

7. Lastly, read our Terms and Conditions and Privacy Policy

comments powered by Disqus



Today's Cartoon

Click image to view full size editorial cartoon