March 21, 2017

What you need to know about Mutual Funds

At the end of 2016 the Collective Investment Schemes (CIS) or Mutual Fund market in Trinidad and Tobago collectively managed approximately $48 billion dollars. A more detailed look at the CIS market for 2016 can be viewed hereà  http://ttsec.org.tt/wp-content/uploads/CIS-Data-as-at-December-31-2016.pdf But what exactly is a Mutual Fund? A Mutual Fund is a type of Collective Investment Scheme wherein a company encourages people to pool their money into one fund. In other words, a Collective Investment Scheme is basically a fund that […]
February 20, 2017

Are You Sabotaging Your Retirement?

  Do you have a plan for your retirement? Do you know where your money will come from when you retire? Have you started saving for your retirement? If you answered no to any one of these questions then you may be sabotaging your retirement. Many young adults think that they’re too young to start saving for their retirement or, have not even realistically considered life beyond retirement. Individuals, young and old, need to have a plan for their retirement […]
January 18, 2017

Investing Basics: Selecting your Broker-Dealer

Before making a securities investment, you must decide which brokerage firm – also referred to as a broker/dealer – and sales representative – also referred to as a stockbroker, account executive, or registered representative – to use.   Before making these decisions you should: Think through your financial goals and objectives.               Talk with potential sales representatives at several firms. Meet them face to face and ask each sales representative about his or her investment […]
October 12, 2016

Debunking Myths about Investing

There are common myths about investing that can often scare off any investor. Many investors wonder whether or not investing in stocks is worth it, but it is important to keep a realistic view of the stock market as one which can either increase or decrease your net worth. Regardless of the real issues, common myths often arise. Here are five of those myths. Myth #1 – It’s hard to get started in investing. Experts only. One of the biggest […]