Imagine someone borrowing/renting your pristine car, valued at JA$10M, for a week. In the glove compartment is your clear transferable title. He backs out the driveway, waves and goes down the road, stops briefly, sticks a FOR SALE sign on the windshield and proceeds on his journey.
Contributed by David Weir.
A bull grazing on a grassy slope sees a herd in the valley below all running in a stampede. He runs down the slope and joins the procession at full speed. Glancing to the bull running beside him he asks “what’s all this about? why the stampede?”. Panting the other responds “I don’t know! I was grazing, saw these guys running and decided to join the herd and now I’m just following the ass in front of me!”
Contibuted by David Weir...
On my first trip to the United States I went into a department store to purchase an item. The young miss ringing up the cash register asked me ” and how will you be paying sir?” to which I replied “cash!” and produced a $100 note, arm outstretched to pay. Her eyes widened in amazement and I noticed that there was no reciprocating alacrity to take the note. She finally spluttered “don’t you have anything smaller?”
The Olympics are now over. The joy of a nation will be ringing in each and every one of our present crop of returning Olympians. Usain Bolt has been crowned “the world’s fastest man”. All of our athletes have been recognized for their participation and achievements. Now what lies ahead?
Since the start of the year globally there has been an alarming increase in the prices of basic food and grain as well as oil. The latter, now weekly reaching new record prices. The basic questions families around the globe are asking is: should we fill up the car or shopping cart? In all of this volatility there are opportunities for making positive medium term investment decisions.
Last week we discussed the importance of making a will to make sure that when chapter 12 of life’s book is written, those that you leave behind will be able to receive and enjoy what you have left for them. This week we look more closely at some of the things that your will should include in order to ensure that your wishes are fulfilled.
When we read a book we always wish to know what happens in the last chapter, but in life’s 12 chapter book we seemingly put it down after Chapter 11, which US citizens are painfully wary of.
A few years ago there was a TV reporter interviewing a young lady in front of a barricaded building in the western city. Seemingly, she had lost all her funds in a recently collapsed Pyramid scheme and sobbing uncontrollably. She explained that it was all her monies and she was trying to use the proceeds to pay her school fees. The reporter asked her what were the lessons she would take from this experience. Through tears, her jerky response was ‘nex time dem set up one, mi a draw fus!!’
This post is contributed by David Weir. In fact, he focuses on the Jamaican investing landscape but the truth be told…the post applies the world over. Too often we get caught up with investment instruments and yields ignoring altogether the tax component. With taxation being a fact of life…the piece is a timely reminder of the realities of investing and the unavoidable tax implications. Read on!
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