Money Moves 101
What's the difference between saving and investing?
Saving is setting money aside safely; investing is putting it to work to earn returns or grow value.
What does "JSE" stand for?
Jamaica Stock Exchange
If someone says, "Mi stocks tun up!"- what do they mean?
Their investments are doing very well (prices going up).
True or False: All investments have risk.
True.
Who is one of Jamaica's most famous billionaires and known for investing in NCB?
Michael Lee-Chin.
What is compound interest?
Interest earned on both the original amount and the interest already added
Name one company listed on the JSE.
Examples: NCB Financial, GraceKennedy, Wisynco, JMMB Group
When people say they're "making their money work for them," what do they mean?
They're investing or using money to earn more money.
Which is safer - government bonds or penny stocks?
Government bonds.
Which Jamaican investor founded Mayberry Investments?
Chris Berry.
What is inflation, and why does it matter?
Inflation is the rise in prices over time; it reduces the purchasing power of money.
What was special about the JSE in 2018 according to Bloomberg?
It was ranked the world's best-performing stock exchange.
What does it mean to "diversify your portfolio"?
Spread investments across different assets to reduce risk.
What's the commonly referenced description for the relationship between risk and return?
Higher risk usually means the potential for higher returns (and losses).
Name one famous female investor or entrepreneur.
Examples: Oprah Winfrey, Thalia Lyn, or Shellye Archambeau.
You invest $10,000 at 10% interest for one year. How much do you have at the end?
$11,000
Who regulates Jamaica's financial markets?
The Financial Services Commission (FSC).
If a friend says they're "buying the dip," what are they doing?
Buying stocks when the price drops to get a better deal.
Name one way investors reduce risk.
Diversification or researching before investing.
Who founded NCB Financial Group?
Michael Lee-Chin.
True or False. Investment is a method of compounding your savings.
True
Why do you think investing in local Jamaican companies is important?
It helps grow the local economy, create jobs, a build national wealth - plus investors benefit from local growth.
What's the difference between a trader and a long-term investor?
A trader buys/sells frequently for short-term profit; an investor holds for long-term growth.
If you're investing for 20 years, should you take higher or lower risk - and why?
Higher risk may be acceptable because you have more time to recover from market changes.
Who was Marcus Garvey, and what were his economic beliefs?
A Jamaican leader who promoted Black economic empowerment and self-sufficiency.