My entrepreneurship classes have given me more and more reasons as to why I should become a young successful entrepreneur. Many students will end up having to go down this path and so the most important thing for me to do right now is to– learn it, be in the know, get involved with the right people and develop myself.
My visit to the Jamaica Stock Exchange was quite informative and engaging. 40 Habour Street, Kingston Jamaica, was the place to be on that hot Friday morning. Before I get into all the important information. Let me just reinforce that this is Jamaica and when the place gets hot—“it tun up!” The taxi dropped us all off at the ‘big tree’ downtown (Parade) and the first thing I did was purchase an orange juice and a bottle water from this pleasant vendor. Then my classmate and I had to make our way down to the JSE on foot (yes on foot) and that was never a problem for me personally, I love the sight– because downtown Kingston, in my opinion is a tourist destination, beautiful in every way. We didn’t want to be late so we definitely had to pick up some speed.
A little delay occurred when we had to stop and query directions like real “country people”, but hey! Nothing asked, nothing gained right? Finally we made it and there it was, this lovely infrastructure standing before us with the lovely palm trees welcoming and waving at us. We were then greeted by the security in the warmest way, got our visitor’s’ card. We were then ushered inside for the presentation and had a long wait until the actual time for the presentation. So during the wait I participated in a “cool off” competition, where we each got a chance to have the standing fan blowing in our faces. Then the chatting and laughing ended as soon as the communications officer entered the room and with a big smile and the most welcoming greeting; she took us straight into the session and it all went well.
The Jamaica Stock Exchange came about in 1968 at the time when Jamaica had no stock exchange and companies wanted another way to make money; bonds, shares and stocks. The Jamaica Stock Market stands as a middle man between companies wanting capital and persons who are willing to make investments with their money. Individuals become investors from purchasing these form of securities and by doing so, they are contributing to the overall growth and development of the business of their choosing.
What is the purpose of the JSE?
– Bringing buyers and sellers together
-Enforcing public confidence in the stock market
What are some of the JSE brokerages?
Barita Investments Ltd
NCB Capital Markets
Scotia Investments Jamaica Ltd
How do you invest in a JSE Company?
- Engage the services of the brokers
- Make a long-term decision
- (IMPORTANT) Study the information of the company, i.e. check their financial records first
What are the benefits of being an investor?
- Voting Rights
- Capital Appreciation
Did you know?
- You do not have to be in the business for a longtime to be listed on the Jamaica Stock Exchange, that’s right! You can be a start up!
- You cannot buy or sell less than a hundred shares.
- A stock cannot be above 15% of the close price on the same day
- You must also be 18 and over