Money Matters: Firstline Securities Blog

Money Management for Gold Diggers

11 June 2018

6 interesting ways to stay on top of your game!

So listen, the Firstline Blog is a safe space. We don’t judge, and we don’t discriminate. We’re here to help anyone wanting to create wealth and abundant life for themselves and their families. Do you, boo. But be smart about it.
Read on for our money management tips!

A Firstline Securities Limited Blog by: Maxine King

Read more…

The 2018 Mid-Year Budget Review – Parte Tres

22 May 2018

A Firstline Securities blog by Mike

Introduction

Having looked at the contents of the Minister of Finance’s Mid-Year Review in our first two blog entries, in this third and final blog entry of this series we look at the items that the Minister targeted during the National Budget but didn’t specifically address in the Mid-Year Review.

Diversification

In the national budget presentation delivered on the 2nd October 2017 the Minister of Finance stated that the economic situation of Trinidad and Tobago provided the government with an opportunity to fix the economy.

The Minister stated that we must “get it right, and we must seize and pursue it vigorously in order to protect our country’s future.”

What the Minister wished to pursue was diversification of the economy a topic that was almost universally ignored in the Mid-Year Review. This is addressed further below in the sections marked “Business Process Outsourcing”, “Yachting” and “The Creative Industries” all areas that the Minister specifically identified in the national budget.

Read more…

The 2018 Mid-Year Budget Review – Part Deux

22 May 2018

A Firstline Securities blog by Mike

In the second of a three-part series on the Mid-Year Review we continue our look at the main contents of that presentation and the implications of the review for the citizens of Trinidad and Tobago.

The Heritage and Stabilisation Fund

At the end of April 2018, the net asset value of the Heritage and Stabilisation Fund (HSF) was US$5.87 billion. This is over US$200 million higher than the US$5.65 billion held in the HSF at the end of September 2015, despite withdrawals amounting to US$637 million between 2016 and 2017. Income received on the fund since the current administration took office amounted to US$850 million.

Read more…

The 2018 Mid-Year Budget Review – Part One

22 May 2018

A Firstline Securities blog by Mike

On the 10th May 2018 the Minister of Finance of Trinidad and Tobago, Colm Imbert, presented his 2018 Mid-Year Budget Review. In this and the next two blog entries we begin to explore the main contents of that presentation and the implications of the review for the citizens of Trinidad and Tobago.

The 2018 Budget

The 2018 budget was predicated on expenditure of TT$50.5 billion – which included capital expenditure of TT$5.1 billion – and revenue of TT$45.74 billion, leaving a fiscal deficit of TT$4.76 billion representing 3% of Gross Domestic Product (GDP). The fiscal deficit was to be financed through external borrowing (sourced externally from Trinidad and Tobago) of TT$3.69 billion and domestic borrowing of TT$1.07 billion.

The FY 2018 budget was based on price assumptions for oil at US$52 per barrel and gas at US$2.75 per MMBtu. Since the delivery of the 2018 budget, crude oil prices have been strengthening and have averaged US$59 per barrel over the first six months of fiscal year 2018.

At the date of the mid-year review West Texas Intermediate (WTI) prices stood at US$71 per barrel.

Read more…

5 Steps to taking back Control of your Finances

26 April 2018

Photo Courtesy – View Link

A Firstline Securities Limited Blog by: Maria K. Lewis

How often do you find yourself uttering these five words: Where does my money go?  How often do you find yourself wishing that the end of the month would just hurry up and get here?  How often do you find yourself praying that you would finally…once and for all… no longer have to live paycheque to paycheque?

If you identify with the questions above, then it’s time to seriously consider (re)gaining some much-needed power – much needed financial power.

You may feel overwhelmed, and as though you’re drowning in the mire of your situation, without any window for rescue.  However, just like getting a healthier body, or living a happier life, turning your financial circumstances on its head can be possible with first and foremost – a change of mindset, because after all – anything can be possible with the right mental approach…and well, some of the helpful tips below:

Read more…

5 Probing Questions about the Inter-Island Transportation Fiasco!

10 April 2018

Port of Scarborough.  Photo Courtesy: View Link

A Firstline Securities Limited Blog by: Winston Gordon

Read more…

Wanna get Wiser about Your Finances? Read on!

28 March 2018

A Firstline Securities Limited Blog by: Damien Gill Read more…

Common Pitfalls in Building Wealth

19 March 2018

Photo Credit: View Link

A Firstline Securities Limited Blog by: Alicia Hernandez

Read more…

So…What Exactly is an Index?

14 March 2018

Photo Credit: View Link

A Firstline Securities Limited Blog by: Jody Hernandez

Read more…

7 HACKING METHODS TO BE AWARE OF!

20 February 2018

Photo Credit: View Link

A Firstline Securities Limited Blog by: Ahamad Hosein Read more…