Experts recommend prudence in expenditure of the thirteenth salary

Workers usually use the extra money that they receive from the thirteenth salary in consumer spending as Christmas gifts, dinners, appliances and arrangements for the home, however there are also people who use it to pay debts or buy stocks at the financial markets  and also to invest in small businesses.

According to article 111 of the labour code, the thirteenth salary is a benefit that employers must pay until December 24 of each year.

Víctor Zabala, member of the unit o economic research of markets of  Ekos, indicates that the country’s workers receive between  $500 and $1,000.

On the stock market, investment options are divided into two product groups: the first are fixed income papers: bonds, debentures, mortgages and securities values, and the interests generated have a preset rate and a term.

While the second group consists of the papers of equities, which are essentially shares of companies listed on the stock exchanges; its performance is variable and does not have a defined period.

Fernando Simó, Manager of the brokerage, Ecuabursatil, indicates that people can buy papers issued to terms of one year and others of one to five years, with interest rates  of  7% to 8.5% in fixed income. The minimum amount that can be invested in fixed income papers is $1.000.

To invest the salary in shares, Simo said the investment an start at $100, but the average amount of investment is around $1 000; who acquires shares, obtains profit when the price goes up, and also to participate in the annual profits of the company.