UTC Media Centre

 
We will keep you updated with whatever happens - when happens in the world of Unit Trust.
 
 

I have heard the stock market is a good way to make money. Is this true? My friends say it’s a good investment.

There are no shortcuts to riches and the stock market is no different.  Deliberating on whether or not to enter the stock market is something every investor encounters and like every major financial decision has to be carefully weighed.

You have the opportunity to invest in shares by participating in the TTSE (Trinidad and Tobago Stock Exchange) where regional and local stocks are traded in some of the largest and most profitable companies in the country and in the region. Share ownership provides you with the opportunity to earn extra income from dividends, which are paid out of the profits of a company. When you buy a stock, you actually own a piece of the companyissuing the share.

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UTC Investment Segment: Investing after age 50

For those over 50 years of age, starting to invest when retirement is rapidly approaching can appear to be a daunting task. The reality is that a growing number of people are putting planning for retirement on hold while their portfolio is not aligned to their changing needs.  The risk is that the longer you wait, the riskier retirement becomes and the more devastating the impact.

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March 13th, 2014

Bonus Headache

BONUS HEADACHE

I got a bonus last year from my company but I want to maximize on this windfall. What should I do? Frivolous spending is not an option.

You are right not to blow it all on something frivolous that will not accrue any future financial benefits for you. While it is okay to treat yourself, your best bet would be to use the bulk of the money to improve your financial status. This would be the greatest benefit to you rather than succumbing to the temptation to buy that big screen television you always wanted.

At the Unit Trust, we encourage investment of any unexpected monies that may come your way, whether it is a tax return, medical claim or income from a second job. In particular, the receipt of a bonus can be significant enough to ease some financial constraints without having to tighten your belt.

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February 27th, 2014

Say Goodbye ToCredit Card Blues

I recently graduated from University and have my first job. I am anxious to get my credit card but my older friends keep warning me against it. Is this something I should consider? How can I manage it?

Having landed your first job you need to be cautious with your spending, so your friends are right when it comes to getting a credit card.The question is, do you really need it? To put it simply, credit is the ability to borrow money based on promise of a future repayment.  This is how it works:  The credit card will allow you to borrow and spend up to an agreed limit. Your spending limit – or credit limit – will be decided by the provider and depends on your individual circumstances, taking into account factors such as incomeand your current financial status.

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My wife says we should not put all our eggs in one basket.

Why not? We have been benefitting from good returns in one investment.

Your wife is correct, you should never put all of your eggs in one basket. Think about it: what happens if this investment fails to deliver on promised returns? You could lose everything.  At the Unit Trust, we live the credo of diversification:allocating investments among various financial instruments, industries and even geographical regions to reduce the overall level of risk.

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February 10th, 2014

Safety Wardens Awards

The Trinidad and Tobago Unit Trust Corporation recently hosted its inaugural Safety Wardens Recognition and Awards Ceremony to recognise  the outstanding work done by  safety wardens who volunteer their time in the roles of wardens, first aiders and health and safety representatives at the Corporation. Over 80 safety wardens were presented with tokens of appreciation at the award ceremony. Here, Executive Director  Ian Chinapoo, (right)  poses with Assistant Vice President, Compliance, Ms Betty-Ann Greenidge, (left) Health and Safety Manager Marilyn Vincent, and the UTC safety wardens on the steps of the UTC Financial Centre in Port  of Spain.

The Trinidad and Tobago Unit Trust Corporation recently hosted its inaugural Safety Wardens Recognition and Awards Ceremony to recognise the outstanding work done by safety wardens who volunteer their time in the roles of wardens, first aiders and health and safety representatives at the Corporation. Over 80 safety wardens were presented with tokens of appreciation at the award ceremony. Here, Executive Director Ian Chinapoo, (right) poses with Assistant Vice President, Compliance, Ms Betty-Ann Greenidge, (left) Health and Safety Manager Marilyn Vincent, and the UTC safety wardens on the steps of the UTC Financial Centre in Port of Spain.

Feature Address
Delivered by
Mrs. Crystal Rodriguez-Greaves
Assistant Vice President, Strategy Formulation
T&T Unit Trust Corporation
At the closing of the UTC Schools’ Investment Game 2013/2014
Wednesday 5th February, 2014
At the UTC Financial Centre, Port of Spain

  • Mr. Wendell Mottley
    Chairman, Unit Trust Corporation
  • Mr. Ian Chinapoo
    Executive Director
  • Ms. Gayle Daniel- Worrell,
    Vice President Marketing, Communications and Distribution Channels
  • Mrs. Aklima Beekham Maharaj,
    Assistant Vice President Marketing and Communications
  • Teachers
  • Students
  • Media and Representatives of the media
  • Ladies and Gentlemen

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February 6th, 2014

SIG Closing 2014 – ED remarks

Opening remarks
Delivered by
Mr. Ian Chinapoo
Executive Director, T&T Unit Trust Corporation
At the closing of the UTC Schools’ Investment Game 2013/2014
Wednesday 5th February, 2014
At the UTC Financial Centre, Port of Spain

Executives, Crystal Rodriguez-Greaves, Assistant Vice President, Strategy Formulation, Senior Managers, teachers, students, members of the media, ladies and gentlemen.

Good morning and for those of you who were here in October last year at the opening of the Unit Trust Corporation’s Schools’ Investment Game, welcome back! I hope that the last fifteen weeks playing this game has aroused your interest in finance and investing. Read More

February 4th, 2014

TAKING INVESTING SERIOUSLY

I have friends who are always telling me that I should consider investing. Is this something I should consider going forward in 2014?

Making a decision to invest can seem daunting for a newcomer to the world of finance. However, saving alone would not enable you to gain financial independence. Yes, there is a marked difference between saving and investing and understanding the distinction will help you to better prepare for your financial future.

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