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Investment Segment

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Opening remarks
Delivered by
Mr. Ian Chinapoo
Executive Director, T&T Unit Trust Corporation
At the launch of the UTC Schools’ Investment Game 2014
Tuesday 23rd September, 2014
At the UTC Financial Centre, Port of Spain

Executive Management team,
Teachers,
Students,
Members of the media,
Ladies and gentlemen.

Good morning and welcome to the 24th edition of the Unit Trust Corporation’s Schools’ Investment Game, which brings the world of investing to life and which puts the spotlight on sound, money management.

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September 22nd, 2014

Deriving Income from Equity.

DERIVING INCOME FROM EQUITY

With excess liquidity hovering around TT$6.5Bn and headline inflation at historic lows, investors are finding difficulty in generating attractive fixed income returns as local yields are low.  The Trinidad and Tobago Sovereign yield curve, as shown below,whichshows the differentrisk free yields (the green dots on the chart)across the maturity spectrum and this evidences the prevailing low interest rate environment.

Chart 1 –Trinidad & Tobago TTD Sovereign Yield Curve
graph

Source: Bloomberg

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September 5th, 2014

Surviving job loss

Losing a job is often traumatic, but it doesn’t have to be a financial disaster or lead to ruin. For a variety of reasons – job terminations, layoffs, downsizing, mergers or reengineering — spells of unemployment are realistic occurrences for many people.We live in turbulent times and no one is immune to job loss.

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As a parent, guardian or caregiver, one of the greatest gifts you can give your child, grandchild or young relative is help towards a secure future.  One way in which you can do this is by providing a sound education.  But the cost of a quality education can be hefty and usually cannot be easily absorbed into a monthly or yearly budget. For this reason, you will need to plan very carefully for your children’s education.

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August 11th, 2014

Get a grip on retirement

Get a grip on retirement

Retirement planning can be more intimidating than any other personal finance topic.  The years can creep up and suddenly you find yourself unprepared.  Retirement is not something most people look forward to, but it is a necessary part of life.Picture yourself at the end of your working years with family in tow and you are able to keep the lifestyle you had enjoyed during that period. You are well equipped financially to handle all your expenses, treat yourself to some fine dining  and take Mrs. Retiree on that long transatlantic cruise you promised when you were  still working.

Now, imagine yourself in retirement with all your family commitments, bill payments, university fees for your teenaged children and home repair expenses. But in this scenario you are struggling financially and not able to enjoy the lifestyle you maintained in the early days. To make matters worse, you are not in the pink of health and confronted by mounting medical expenses. Which of these two scenarios do you find more appealing? Of course, the one that brings comfort and peace of mind. How do you achieve it then?

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July 31st, 2014

Don’t fall prey to debt

At any stage in life, this four-letter called DEBT can be a source of great distress and anxiety and can wreak havoc on people’s lives. Simply put, debt is a financial obligation or commitment owed to others. Many individuals use debt as a method for making large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.

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When it comes to saving and investing the future is not predictable,but it can still be managed.The objective is not to foresee your future but to properly plan for it. Saving and investing are key ways to properly manage one’s finances to fulfill financial goals and deal with the unforeseen emergencies that can potentially alter one’s lifestyle.

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Question: I want to encourage my two teenaged children to save, how can I help them develop a savings habit which can bring immense benefits?

The earlier you can teach your teenagers about the benefits of saving, the better prepared they will be to manage their own money in their adult life. Teens can be frighteningly ignorant of the value of saving and investing, so the earlier you address it, the better.

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Question: I want to encourage my two teenaged children to save, how can I help them develop a savings habit which can bring immense benefits?

The earlier you can teach your teenagers about the benefits of saving, the better prepared they will be to manage their own money in their adult life. Teens can be frighteningly ignorant of the value of saving and investing, so the earlier you address it, the better.

Perhaps the best way to encourage a savings habit in your teenagers is to be a saver or investor yourself.  Teenagers are likely to put more credence in your message to save or invest if you already practice what you preach.  It is important that you examine your own attitude towards money so that your words of wisdom to them do not ring hollow.  Teenagers are notoriously effective at identifying the inconsistencies between parents’ stated values and their actions.

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In today’s environment, we are faced with people who have become more sophisticated in their techniques to scam citizens of their money. You do not want to be a victim of fraud as it is a severe inconvenience to you and your family. Your best defense, however, is securing your card and personal funds against such attacks. With this in mind, we have listed below some ways in which people may try to scam you and offer   personal security tips to help protect your investment.

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