Shares are units of ownership interest in a corporation or financial asset that provide for an equal distribution of any profits if any are declared, in the form of dividends. (https://www.investopedia.com/)
Public traded companies issue shares to raise capital. This creates a surplus capital to keep the business growing without affecting basic operations.
As a reward for your generosity, the company pays quarterly dividends directly into your account, earning you your first means of passive income.
Of course, you can sell your share when needed and earn back even more than you spent to purchase this, provided the company did well, and the share price increased.
This is Guyana’s local stock market that regulates and manages publically traded companies. They trade every Monday.
Fun fact- 0% withholding tax is deducted from profits gained through dividends or capital gains.
Although Gasci controls the movement of the cash, the brokers are the one who deals with the client. Once you have your documents ready, ID, Proof of address, passport-size photos and proof of income, visit any one of the brokers below to start your trading.
1. Beharry Stockbrokers Limited
2. Hand in Hand Trust Corporation Inc.
3. Guyana Americas Merchant Bank Inc.
4. Trust company Guyana Limited
Guyana has a very stable market compared to giants like the New York and Toronto Stock Exchange.
Guyanese would see a flood and not purchase sandbags until the water is knee-deep. The same applies to these markets.
Few, if any at all, news and leaders’ action causes these prices to fluctuate.
Since opening two decades ago, all share prices have steadily been increasing.
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