Starting a business and what it entails

This is part two of the series of your journey to a successful entrepreneurial business.

Some expected, and often unexpected, planning that may impact entrepreneurial business ownership initiatives, drawn from a 30-year extensive...

Importance of soft skills in a diverse workplace

Why should we focus on social workplace attributes? What is new about that? Haven’t we always had pretty diverse workforces and community demographics? We may think so, in a philosophical sense, and certainly, these aspects have been discussed...

Entrepreneurship and owning your own business

Almost everyone it seems at one time or another has wanted to control his or her destiny. Generally, that means choosing a lifestyle that suits you, choosing where to live, what to own, when to work and with whom, and reasons why it all makes...

Pandemic has changed our lives

The current and possible future changes in individuals’ and families’ reactions to, coping mechanisms with, and adaptation of habits due to social isolation, quarantining, and the Covid illness itself continues to be a source of intense analysis...

Financial experts are ready to help you

Here is a wonderful opportunity for Bermuda residents to enhance your financial literacy with the CFA Society Bermuda.

For the second year, the CFA Society Bermuda in partnership with Bermuda College is to offer a four-session series on...

Want to share your financial success story?

Dear readers, I am looking for volunteers who have a financial success story to tell the world. Our domestic and global community needs to hear and read these stories, now more than ever.

We need to see and feel real hope, that can...

Turbulent times call for ethical leadership

Aristotle the Greek considered ethics a moral philosophy defining right and wrong, good and evil, and responsibility for one’s actions.

Individually, we develop a personal code of ethical values during our lives. Children tend to not...

Why stock markets are rising during the pandemic

The United States stock markets blazed through new highs this week. How could this be?

There are many and varied opinions (I emphasise opinion) as to why the US (and other global markets) are up, even while the pandemic is still omnipresent...

Negative equity and phantom income

You have to ask. How can the same house with little to no changes be worth so much in a booming economy, then so much less when an economy has declined?

It can be argued this is a normal outcome of the ebb and flow of an economy, and can...

Tragedy of mortgage foreclosures

It was sad and regrettable to read the court case facts last week involving the collapse of a mortgage, a possible devastated business, the pending foreclosure on a family home, the original intention of helping a friend, a trusted relationship...

Build your personal brand for the road ahead

Happy Cup Match, readers. Even if you cannot participate in the usual physical festivities, it has to be a nice break away from the relentless medical anxieties and economic news.

And, so for something just a tiny bit lighter given that we...

Short of job, short of luck, and leaving

The airport scene described at the Azorean repatriation flight on Tuesday was pretty upsetting, garnering more than 400 comments. It was obvious that numerous individuals were leaving short of cash, short of wages and contract provisions, short...

Work and pensions in a world of abrupt change

Following up on our article of last week, relative to the Bermuda Government Contributory Pension Fund, we share additional feedback from readers and others.

A reader asked: “If I don’t qualify for Government social insurance, I understand...

Impact of suspending social insurance

A reader has questions regarding the government initiative to allow employees and employers to elect to suspend social insurance contributions, which go into the Contributory Pension Fund, until June 30, 2021.

“This is quite confusing,” the...

Jobs and job recovery in Bermuda

This is a look at the Labour Force Survey report issued in May 2020 issued by the Bermuda Government Department of Statistics.

The report is based on data collected from the November 2018, May 2019 and November 2019...

How the job scene may change

This article continues our discussion of post-Covid-19 recovery with thoughts of everything returning to the old normal, a semblance of normal, or the new normal, or something quite different again.

No one really knows...

Health and job recovery after the pandemic

The whole Covid-19 crisis has seemed unreal, from beginning to where we are now, for those relatively unaffected by health or job worries.

We are all probably functioning on “hope for the best” basis at this point in time.

The...

Heading towards the new normal post-Covid

Almost of all of us have experienced some, or all, of the following:

We’ve been cooped up, isolated.

Been deprived of contact.

Shrivelled our savings.

Eaten too much, mostly carbs.

Drunk too much, mostly for...

Ideas from readers to jump-start the economy

Covid-19 appears to be slowing down in the earlier infected countries. And some economies are very carefully and slowly moving forward, but there are no full blown recoveries yet.

We are reading and hearing about heightened stock market...

Experiencing economic triage for a second time

This article has been updated for the Covid-19 crisis financial environment. It was originally written during the 2008 ongoing recessionary challenge.

Many of you are no strangers to this economic downturn, which is...

Ways to raise cash to fuel recovery

This is part two of an article on suggestions to raise revenue during Bermuda’s covid recovery.

Our government has utilised significant, precious financial resources to assist thousands of local residents: the unemployed,...

Why a Bermuda United Together bond makes sense

This is part one of suggestions to Curtis Dickinson, Minister of Finance, to raise capital and jump-start the “new normal” Bermuda economy.

The three most important responsibilities every government has towards its citizens, according to...

Celebrating the amazing life skills of mothers

Happy Mother’s Day to all mothers in Bermuda.

Moneywise has an invitation for readers. Please send me your mother/grandmother stories, recipes, and narratives of their wonderful survivor skills for the Bermuda Islander Survival...

Survival food and life skills during crisis

In this time and place it helps the psyche to return to the basics, to the everyday things we do to make life worthwhile. Moneywise will return to discussions of financial matters in a few weeks. Right now we all just have to get through this...

Survival food and other tactics while sheltering

Moneywise will be featuring survival food and other tactics to help with cash management over the next few weeks of the coronavirus sheltering.

Any readers who would like to share cherished old family recipes and any other Bermuda survival...

When bad things happen to good people

Life happens to all of us. We are trundling along, making plans for a vacation, thinking about a weekend get together, considering an advancement or a promotion in our workplace, buying that special pick-me up for the evening, children healthy,...

Don’t panic over your pension fund

If you’re alarmed by a slump in the value of your occupational pension fund as a result of a coronavirus-induced fall in the financial markets, please try to get the situation in perspective.

At the time of writing on Thursday, the Covid-19...

The sequence of a capital market crash

Moneywise is not featuring our 2020 hypothetical portfolio this month, as market values are significantly down from the beginning of the year.

There were concerns from numerous well-established influential financial luminaries, highlighted...

Simple living and the wave to economic recovery

Bermuda is now more than a week into activation of coronavirus management mandatory self-quarantine actions: with a travel ban for our island encompassing airport, shipping, and with closures affecting businesses, schools, local transportation,...

Managing family finances in tough times

In the last few days, our Bermuda Government under the auspices of the current political party, and David Burt, the Premier, have taken steps to:

• Ramp up financial aid programmes for Bermuda residents and businesses

• Close the...

Good time to consider emergency planning

Investors may have complacently thought that the continued rise in financial valuations would never end. The outlier, the so-called “Black Swan” event, this time the extremely serious impacts of the Covid-19 virus around the world became the...

How to research a stock of interest

On January 4, 2020, Moneywise featured a reader’s pretend portfolio. We thank this individual again for the enthusiastic participation.

This week, we discuss Teladoc Health. “I’m thinking about buying it,” our reader...

Long-term investors, don’t panic!

Global trading markets experienced an absolute disruption (expressed in investment terms) last week.

As fears of contagion from the coronavirus with the possible concomitant reductionor freeze in supply chains’ access for global...

A reader wonders if she has Bermudian status

A reader who was born in the US, and has a Bermudian parent and a Bermudian grandfather who resides on the island, has asked a question about her status.

She is 30, and while she has visited her relatives, she has never lived in Bermuda.

Our tax issues interconnected with the world

Moneywise answers a reader’s questions, converted for confidentiality to generic anonymity. Any resemblance to any individual, living or deceased, is completely unintentional.

Readers’ letters...

It all adds up: update on national pensions

This is an update, 18 years later, of the original Moneywise article published in January 2002.

It has now been 20 years since the ground-breaking, game-changing Bermuda National Pension Scheme (Occupational...

Bonds and their unique characteristics

The Moneywise Pretend Portfolio yearlong series has been updated to reflect stock and bond prices at original issue and as at end of January.

The portfolio is not yet complete as each month in the year-long programme,

but please take...

A look at national pension scheme regulations

Dramatic changes to the Bermuda National Pension Scheme (Occupational Pension) Act 1998, the contributory benefit pension plan designed for all eligible employees in the private sector workforce, were announced by the Bermuda Government last...