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Email:
info@centralbank.org.bb - General
hrinfo@centralbank.org.bb - Human Resources Matters
hrapplications@centralbank.org.bb - Applications for Employment
supervision@centralbank.org.bb - Regulatory Matters
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Phone:
+1 (246) 436-6870
Fax:
(246) 427-4074 - Accounts
(246) 437-3334 - Banking
(246) 437-3334 - Bank Supervision
(246) 429-9510 - Currency
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Address:
Tom Adams Financial Centre
Spry Street
Bridgetown
Barbados
Phone: +1 (246) 436-6870
Email: info@centralbank.org.bb - General
Fax: (246) 427-4074 - Accounts

Ask the Expert: How can I Maximise My Investment Returns?

Ask the Expert: How can I Maximise My Investment Returns?

Maximising returns involves a combination of strategies. You need to know your financial goals, consider your investment horizon (length of time before expecting a return on the investment) and understand your risk tolerance (higher returns come with higher risks).  

Here are some key things you can do:

  • Diversify investments across different types of investments (stocks, bonds, real estate etc.).  This helps to manage risk and capture growth opportunities.
  • Invest in stocks for longer-term growth.
  • Consider corporate and government bonds.  Bonds offer stability and income.  Returns are generally lower than stocks but offer less risk.
  • Invest in real estate.  This can provide rental income and appreciation (increase in value)
  • Minimise fees and expenses associated with investments. High fees can erode returns over time.
  • Make regular/consistent contributions 

Remember, there is no one-size-fits-all approach.  Strategies should be tailored for your specific situation. Consult with a financial advisor to help you with these decisions.  You may be able access a financial advisor at your bank or credit union.

Lydia R. McCollin, FCCA, FCA, is the Managing Director of LRM Consulting Services Inc.

Do you have a question about saving, budgeting, investing, borrowing, planning for retirement, or anything related to personal finance? Pose it here. You can also visit our MoneySmart hub for more articles, videos, and tips on how to secure your finances.