Friday, March 29, 2024

Bajans making ‘solid’ investments

Date:

Share post:

Some Barbadians are sustaining and, in some cases increasing, their investments in financial assets despite an erosion of their spending power by rising food and energy prices.

Fortress Fund Managers, a Barbadian firm which manages more than $800 million in assets across 12 mutual funds, reported this yesterday while detailing a “solid” 3.6 per cent quarter of returns across its diversified holdings in shares and bonds at home and abroad.

The company’s investment director Roger Cave and chief investment officer Peter Arender also said during an online quarterly media briefing that while current short-term volatility, including high inflation, was making news headlines, the growing Barbados economy was good news, as were the current prices for investors with a long-term view.

Arender said the “magic formula” to financial security remained “spend a lot less than you earn, invest the rest sensibly for the long-term but have a short-term buffer of money that you can tap into if you need it. (SC)

Subscribe now to our eNATION edition for the full story.

For the latest stories and breaking news updates download the Nationnews apps for iOS and Android.

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

No decision yet on Lester Vaughan School

A firm decision has not yet been made regarding when the Lester Vaughan School will be reopened. Following a...

BDF to conduct simulation exercise on April 2 & 3

The Barbados Defence Force (BDF) will conduct a Mass Casualty Simulation Exercise from Tuesday, April 2, to Wednesday,...

Barbadians reminded to file taxes online as filing season starts

The Barbados Revenue Authority (the BRA) is advising that tax filing season for 2023 begins on April 1 this...

Minister Abrahams’ statement on Ismail Patel’s passing

Below is the full statement by Minister of Home Affairs and Information, Wilfred Abrahams: I was saddened to...