• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Lenín Moreno attacks the candidate Luisa González
Tragedy in Spain: “Most of the victims were of Ecuadorian origin”
In Ecuador, 475 organ transplants have been performed so far in 2023
This is how González and Noboa adjust their image to fight for 5.1 million votes
Shrimp farmers denounce that insecurity costs USD 100 million to the sector
United States Coast Guard will collaborate with the Navy in the fight against drug trafficking
Two corners of Ecuador in the world ranking of the best towns for tourism
Ecuadorian companies promote IDEA law in favor of Ecuador in Washington
Ecuador incorporates 25,000 hectares of paramo to its protected areas
Former comptroller Pólit ‘helped’ a corrupt businessman get an appointment with Correa

Experts recommend prudence in expenditure of the thirteenth salary

Posted On 06 Dec 2013

dineroWorkers 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.

About the Author
  • google-share
Previous Story

Pope Francisco goes out at night in secret to help poor

Next Story

Funeral of Mandela will be on December 15

SEARCH

LATEST NEWS

Lenín Moreno attacks the candidate Luisa González

Posted On 03 Oct 2023

Tragedy in Spain: "Most of the victims were of Ecuadorian origin"

Posted On 03 Oct 2023

In Ecuador, 475 organ transplants have been performed so far in 2023

Posted On 30 Sep 2023
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net