Keep an eye
on the future

Invest today and reap the rewards
of a brighter tomorrow

Your partner in investing

Maybe you’re new to investing. Maybe you understand the ‘ins and outs’ of how to invest. Either way, having a team of experts who support you gives you a significant advantage. We have a genuine desire to see you (and your family) succeed. Partner with us. Let’s invest in the future, together.

 

Sure Investor

When you’re sure, you’re secure

You don’t take investment lightly. If you’re going to invest, you want to be sure you’ll see the returns with as little risk as possible.

Our Sure Investor may be the answer. With fixed periods of investment (30, 60, 90, 180, or 360 days), you’ll begin to reap the benefits in months, not years.

Safe and easy investments

  • Available in two (2) currencies TT$ and US$
  • Your funds are invested in low-risk securities and managed by the unrivalled expertise of our team
  • Tenures and interest rates are fixed, so you can plan your cash flow
  • No management fee
  • Great for short to medium-term goals

Qualifications

  • Minimum investment of
  • TT$15,000
  • US$2,500

Interested in opening an account (Individual)? Download our Account Opening Client Checklist

Interested in opening an account (Company)? Download our Account Opening Client Checklist

 

JMMB Mutual Funds

(The JMMB TTD and USD Income Fund)

Earn more, safely with expert advisers

Safety is important. After all, when you drive a car, you wear a seatbelt (and make sure everyone else is too). So shouldn’t you try to be as safe as possible with your investments?

Under the guidance of our expert advisors, we offer mutual funds that preserve capital, provide attractive returns, and are low-risk. The fund manager will make distributions out of the net realised income and net realised gains of your funds. These income distributions will be paid quarterly and automatically reinvested in additional units.

If you’re looking to safely invest in the medium term, the JMMB TTD and USD Income Funds are some of your best bets, no matter what stage of life you’re in.

Requirements

  • Investment Requirements TTD
  • Minimum Initial Investment – TT$1,000
  • Minimum Subsequent Investment – TT$500

Investment Requirements USD

  • Minimum Initial Investment – US$150
  • Minimum Subsequent Investment – US$100

The benefits

  • Expert Fund Managers
  • Quarterly distributions
  • No withdrawal fees
  • Units can be held as collateral
  • Withdraw units at any time
  • Easy and quick access to your funds

How to start

Simply visit any of our JMMB offices with the following documents:

  • Two forms of National Identification
  • Proof of address - Utility bill or bank statements not older than three months
  • Recent payslip or job letter

Talk to my Investment Advisor today 

Stocks

What is a stock?

You always hear about the stock market, Wall Street, insider trading, but what’s it all about? The concept itself is pretty straightforward. When a company decides to go “public”, they allow people to invest in them by buying a small part of their company, called a “stock”. A stock’s worth is based on how well the company is doing (or how well it’s perceived to be doing).

If you’re thinking about investing in a stock, the first rule of trading is: make sure you know what you’re investing in.

Learn all you can about the company: what they do, how well they do it, and what their future prospects look like. And don’t forget to research current trends in the overall economy, as well as their specific industry. While this won’t tell you everything, it will help you in choosing which stocks to invest in.

If you’re interested, you should consider our stock brokerage services.

 

JMMB Stock Brokerage

Buying and selling stocks online is our speciality. JMMB Investments gives you access to stocks listed on both the Trinidad and Tobago Stock Exchange (TTSE) and the New York Stock Exchange (NYSE).

Our experienced stockbrokers guide our clients in their stock market investing activity. Or, if you want to do it yourself, you can also buy and sell stocks online, through our Interactive platform powered by Interactive Brokers.

Start trading stocks today

Explore the JMMB Interactive

 

Pay attention to ratios

Understanding ratios is a fundamental part of understanding stocks.

For example, the price per earning (or P/E ratio) puts different stocks on equal footing, so that you can easily compare them. If the P/E ratio is high, relative to other stocks in the market or in your portfolio, then there’s a good chance the market is paying a high price for every dollar earned.

Be careful, though. For companies that rarely pay dividends, or don’t post frequent earnings, make sure you supplement the use of the P/E ratio, with other ratios.

Another useful ratio is the book value per share. This acts as a base indicator of the value of the company. When the book value per share is greater than the market price per share, that’s a good indication the stock has some real value.

The idea is to purchase stocks whose book value is higher than the market price. That is where the real opportunity lies. This happens because sometimes, the market’s perception of the true worth of a company is wrong. If you buy then, the market sees the worth of stock, and most often, it will go up. Now your stock is worth more.

Investment Requirements TTD
Minimum Initial Investment – TT $2,500

Investment Requirements USD
Minimum Initial Investment - US $10,000

 

Fixed Income

Bonds

What is a bond?

Have you ever borrowed or lent money before? You’re not alone. In fact, companies and governments borrow money in the same way you do. Except they’re borrowing it from you. And you get interest on it.

A bond is basically a loan (in other words, an I.O.U.) where you are the lender. The issuer is the organization or government looking for the loan. JMMBITT is in the middle, acting as a broker, to transact those bonds between you and the organization.

Why should I take out a bond?

When you take out a bond, you’re signing a contract with a company with the expectation that:

  1. They will pay you back once there is no default.
  2. For most bonds you will be paid (interest) for this loan throughout the loan period. It’s a great way to invest your money. Just make sure you’re investing in an accredited source, as some bonds are more reliable than others. And while usually, it’s best to wait until the bond matures to sell it, you should always keep your eyes open to sell early if you can find a profitable avenue.

Invest in a bond today

 

Terms to know

  • Coupon rate: the rate of interest (which is paid on a periodic basis)
  • Face value: the total amount borrowed (usually in some denomination of $1,000.00)
  • Maturity date: the date on which the issuer is scheduled to repay the amount borrowed, which could range from 1 day to several years
  • Issuer (borrower): The person responsible for paying the coupon rate until the date agreed upon

 

Real-Life Example

Let’s say you buy a bond with a face value of $1,000.00, for $1,000 a coupon of 10%, and a maturity of five years, with biannual interest payments. Note that the price you are paying would be the same as the amount you will get back on maturity. In the financial world, we would say it is being purchased at par.

In this case, you will receive a total of $100.00 ($1,000.00*10%) of interest per year for the next 5 years. However, in most instances the coupon/interest is paid out every 6 months. So over the period of 5 years, you would receive 10 payments of $50 or $500 in total over the five years. Additionally, however when the bond matures, providing that there is not default, you will also receive the $1000 the issuer promised to repay.

When Buying at a Discount

However, sometimes a bond which will repay $1000 upon maturity will be priced such that you get a discount. Let’s say you pay $900 for a face value of $1,000. It means that provided there is no default you should have a profit/ capital gain of $100! Additionally, since the coupon rate of 10% is calculated on the face value of $1000 you will still get coupon payments of $100 per year ($1,000 * 10%) but in most cases it will come as $50 semiannually. Again you would end up $500 over the 5 year life of the bond, plus the $100 profit making your total earnings $600. Of course, if there is no default you will receive your $1,000 at the end.

When Buying at a Premium

However, sometimes a bond which will repay $1000 upon maturity will be priced such that you have to pay more than the $1000 that you should receive on maturity. Let’s say you pay $1,100 for a face value of $1,000. It means that provided there is no default you should have a loss/capital loss of $100!

However, it could be still quite advantageous to purchase this bond. Again the coupon rate of 10% is calculated on the face value of $1000 you will still get coupon payments of $100 per year ($1,000 * 10%) but in most cases it will come as $50 semiannually. If you hold the bond to maturity, you would end up $500 over the 5 year life of the bond, minus the $100 premium you paid. Your total earnings would therefore be $400. Again, if there is no default you will receive your $1,000 at the end.

Based on the above you may want to buy the bond at a discount, however sometimes that just is not possible but you can still get great value buying it at par, or at a premium. Ensure you seek advice from one of our financial advisors so you ensure you are making the best choice for you.

 

The details

Interest/Coupons: Usually paid every 6 months, but may be monthly, quarterly, or annually. These rates may be fixed or variable. A variable rate bond is usually tied to market rates through an index such as the rate on Treasury Bills.

The risk: When you invest in a bond, consult the ratings agencies (eg. Standard and Poor’s and Moody’s). These provide ratings for all bonds so investors can understand the level of risk inherent when taking a bond. While bonds are generally a safe investment, this is not always the case.

Investment Requirements TTD

Minimum Initial Investment – TT$50,000

Minimum Subsequent Investment – TT$5,000

Investment Requirements USD

Minimum Initial Investment - US$10,000

Minimum Subsequent Investment - US$1,000

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