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Executive Director, Unit Trust Corporation, welcomes unitholders (L-R) Michael Attong, Joy Attong and Kenroy Lewis.

As part of its thirty year anniversary celebrations,  the Unit Trust Corporation recently celebrated thirty longstanding customers who remained loyal to the Corporation and who kept the faith over those thirty years.

For their unswerving allegiance, these 30 stalwart unitholders were treated to an exclusive breakfast with Executive Director, Ms. Eutrice Carrington, where they were given recognition and paid tribute in an intimate gathering at the Corporation’s headquarters on Independence Square, Port of Spain.

Ms. Carrington, in her welcome address, expressed how truly humbled and privileged she was to share and celebrate their loyalty in this moment of the Corporation’s history.

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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