Personal Finances and Investment

Financial housekeeping – an 8-step approach

What is ‘financial housekeeping’? Well, it is essentially the process of keeping your finances in good order through regular attention and maintenance. A quick dusting down of your budget each week or shining up your savings with better planning and research can make all the difference to overall financial health.

When will markets return to normal?

The most important message at the moment is to stay safe and do what you can as an individual to help others in our community in the Cayman Islands when and where you can.

Fixed annuities – returns with minimised risk

During uncertain times, and as one gets closer to retirement, it is often prudent for investors to adopt a strategy to minimise investment risk.

Managing risk and taking advantage of current market opportunities

Since the last week in February, financial markets, like everything else it seems, have been gripped by the uncertainty surrounding the coronavirus and its potential impact on supply chains, global trade and growth.

CICSA Cooperative Credit Union

On 16 March 2020, the CICSA Cooperative Credit Union implemented a series of precautions in our Grand Cayman and Cayman Brac branches to ensure safety and reduce the risk of spreading the coronavirus.

Will the crisis put the brakes on sustainable investing?

Sustainable investing, which seeks positive returns and long-term impact on society, the environment and the performance of a business, has been the buzzword of the past 12 months.

Increased global market volatility continues as the COVID-19 virus spreads

At the time of writing global markets have fallen close to 30% since the outbreak of COVID-19, ending the longest ever bull market run of 11 years. We know markets can fall as well as rise, it is just in recent years we had been used to seeing markets rise more often than they fell and in turn it was fairly easy for an intelligent investor to make gains in a relatively short period of time.

Choosing an investment advisor

For many of us, we know we need to be saving and investing for retirement, children’s education expenses, and other short- or long-term financial goals, but we do not feel comfortable making investment decisions on our own.

The storm before the calm: How to invest in a crisis

Let’s face it. This is a nightmare for any saver and investor. It does not matter how much money you have. Whether you are saving whatever you can scrape together for retirement or whether you are investing your hard-earned bonus to fund your children’s college tuition, the current market is distressing.

This week