One of the most common questions we are asked by new parents or those whose children are entering school is ‘When is the right time to start saving for college?’
The right answer is yesterday, but in practical terms we know that is not possible so best advice is “It is never too early to start saving to for a college education” of well-educated young people.
At Leno, we are committed to helping clients make higher education possible.
That’s why there is never an enrollment fee for a college savings plan. You can begin to invest in your child’s college education today.
For more information, contact us Click here.
Generation after generation homeownership has remained an ideal for many. In recent years there has been a global generational and cultural shift in buyer habits. A 2019 Statista survey notes that millennials under the age of 35 had the “most pessimistic outlook” on purchasing homes. Due to the mammoth combination of economic factors and financial …Posted by Leno Media 17 Feb 2021
Amid the COVID-19 global pandemic, U.S financial markets saw an explosion of retail trading activity as individual investors fell in love with the world of stocks. Popular brokerage apps such as Robinhood, E-Trade, and TD Ameritrade empowered retail traders, giving them a voice in a marketplace that billion-dollar trading firms primarily dominated. The “little guys” …Posted by Leno Media 7 Feb 2021
Having undergone legal, technical and public scrutiny by regulators, in addition to robust investment analysis by respected investors, over the course of more than a decade, a balanced view has begun to take shape whereby Bitcoin is emerging to be perceived as “digital gold”. Ironically, a few years back, the big banks were only interested …Posted by Leno Media 26 Jan 2021
While Bitcoin and gold can both generate the desired diversification effect from inclusion in traditional portfolios as a hedge, Bitcoin outperforms gold in several ways which could very well serve as predictors of superior value appreciation over the long run: Generational Shift in Investing Behavior: Bitcoin represents a generational shift in investing behavior, potentially a …Posted by Leno Media 26 Jan 2021
When constructing an investment portfolio, diversification is essential to mitigate against investment risk caused by the natural price fluctuations seen in financial markets. In an effort to offset some of that inherent volatility, many investors naturally seek to hedge their traditional portfolio positions with alternative assets. The approach of adding to the portfolio mix from …Posted by Leno Media 26 Jan 2021
Once considered a privilege for the wealthy, trusts are increasingly popular among all who understand the power of planning. They want to protect and grow their assets while alive and ensure they are distributed according to their wishes after their demise without the requirement, expense or delay of probate — in confidentiality and privacy. But …Posted by Leno Media 26 Jan 2021
The Leno College Savings Plan can be started with $250
Leno encourages clients to make monthly payments/contributions. However, clients have full control over when and how often payments/contributions are made.
No. Clients can pay any amount.
Nothing. The clients account will continue to earn interest based on value of the account and the investment strategy selected.
The college savings plan was intended to allow persons to accumulate their savings using the investment vehicles that Leno provides. Withdrawals are not encouraged as it interrupts the earning potential of the clients savings. However, withdrawals are accommodated for emergency situations but not encouraged as a normal practice.
The full investment value of the accumulated funds inclusive of contributions and interest will be paid back to the “Account Owner” who established the College Savings Plan.
Leno makes a lump sum payment to the account owner via cheque unless instructed otherwise.
Yes. Other friends and family can contribute to the account once the correct account number is identified. Please note that all payments made to the account are the property of the account owner.
No. Friends and family can start a Leno College Savings Plan for any child.
The Leno College Savings Plan offers three (3) investment strategies to select from. Those strategies are: (1) The Conservative, (2) The Balanced, and (3) the Aggressive Strategy. Each strategy has a different risk level and investment objective. The Conservative Investment Strategy is low risk and is designed to provide safe and steady growth. The Balanced Investment Strategy has moderate risk and is designed to benefit from the returns associated with the stock market while buffering any fluctuations that may occur by having a portion of the investments in safe investment like government bonds. The Aggressive Investment Strategy is high risk and is designed to generate returns by investing in the various publicly traded companies pegged for growth within their respective industry and the overall economy.
Leno recommends that clients that select a strategy that reflects their comfort level as an investor in terms of risk, the time horizon for their investment and their overall objective. One of Leno’s representatives will be happy to guide you during the process.
Clients are allowed to change the investment strategy once per year.
Information on transferring Bahamas Government Registered Stock from the Central Bank
Citi, IOM donation enables students in poorest communities to attend virtual classes
KFC, Dunkin’, Pizza Hut, Burger King, Myers Group Join Tablet Drive Urging ‘Let’s Put it Over the Top’
Understanding Mutual Fund Investments
What Does A Balanced Fund Offer?
The Importance Of Compound Interest