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Investment Segment

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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

Friday 12th October: The Unit Trust Corporation (UTC) wishes to clarify its position relating to the ADB VSEP loan plan and outlines the following :

In 2003, several Caroni VSEP recipients opted for a product offered by the Agricultural Development Bank (ADB) where they were allowed to borrow funds, against investments held in the UTC’s Individual Retirement Unit Account (IRUA). The IRUA is a plan within the First Unit Scheme (FUS) also called the Growth and Income Fund.  One of the most noticeable features of the FUS is that it carries a price guarantee.  The guarantee mechanism requires the investor to hold the funds in the FUS for a minimum of three years.  Once the three year threshold is crossed in the event the unit holder sells the units and there is a shortfall between the price at which the units were purchased and the price at which the units are sold by way of redemption the investor is entitled to have any such short fall made good by the Unit Trust Corporation.

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October 15th, 2012

UTC Investment Segment

Q: What impact does the 2013 Budget have on my investment decisions?

Many people would have been paying close attention to the 2013 Budget delivered by Finance Minister Larry Howai in Parliament on October 1. As well as they should, the budget of a government is a summary or plan of the intended revenues and expenditures and is used to signal to the public know what its plans are for the coming year.

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