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Debunking Investment Myths

Many people go about investing in sporadic fashion, without considering their goals, time horizon or risk tolerance.  Once this happens, it is easy to  fall prey to myths that are perpetrated by the ignorant and foolish.  The result is bad investment decisions  that can leave an investor jaded.

Here a few myths that need to be put to rest:

I am too young to plan for retirement

“I’m too young to be thinking about retirement,” is the saying of many young people. However, you should start your retirement planning from the day you receive your very first paycheck. While many of us don’t start the planning process at this time, it’s never really too late to get going. Unless of course you wait until the day you plan to retire. Retirement is one of the most important life events many of us will ever experience. From both a personal and financial perspective, realizing a comfortable retirement is an incredibly extensive process that takes sensible planning and years of discipline. Even when it is reached, managing your retirement is an ongoing responsibility that carries well into your golden years. UTC’s Universal Retirement Fund (URF) or the Individual Retirement Unit Account (IRUA) are ideal vehicles to consider as part of your retirement planning. They can provide the keys to dealing effectively with the prospect of retirement and old age by allowing an investor to maintain an investment portfolio that provides financial options in the golden years. Read More

For the unprepared, Christmas can come at a high price. Between gifts, wrapping paper, parties and impulse buying, Christmas can spell financial ruin even for the most savvy of investors.   With intelligent cost cutting and creative thinking, Christmas does not have to be a drain on your wallet.

Unfortunately, many people end up dreading the Christmas season simply because it often means incredible amounts of debt and financial stress. And in a world where investors are bombarded with financial and economic stresses, there is really no need to add to the burden. Read More

Opening Remarks – Building Robust Media Reporting
By
Ms Eutrice Carrington
Executive Director
Of
The Trinidad and Tobago Unit Trust Corporation
At
The UTC’s Media Workshop
Held on
18th and 19th October 2012

Thanks for those kind words of introduction.

Ms. Amoy Chang Fong, Chairman of the Unit Trust Corporation, Mr. Ewart Williams, former Governor of the Central Bank, Ms. Jan Brandstrader, workshop facilitator, executives and senior managers of the UTC, ladies and gentlemen of the media fraternity, specially invited guests, welcome to UTC’s first business media workshop.

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Ms. Eutrice Carrington, Executive Director of the Unit Trust Corporation,
Mr. Ewart Williams, retired Governor of the Central Bank,
Ladies and gentlemen of the media fraternity, specially invited guests.

It is my pleasure to welcome you all to this Business Media Workshop, which the Trinidad and Tobago Unit Trust Corporation has organized for our small community of business reporters.

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