The Trinidad and Tobago Securities and Exchange Commission or TTSEC is the sole regulator of the nation’s capital market which includes the market for stocks, bonds, mutual funds etc.
A security is an investment instrument that has a financial value and can be used to create wealth. Securities can also be traded/transferred. The main classes of securities registered with the TTSEC are:
Investments can be short term (under five years) but are generally for five years and over. With investments, the money is invested in assets whose value can rise or fall
Risk is the degree of uncertainty about the return an investor would earn on an investment. This means that there is a possibility of an investor incurring a loss on his or her investments. Remember the higher the return, the higher the risk. That higher return is your compensation for taking on the additional risk.
The first step towards achieving your financial well-being is to Set Your Goals You will make better decisions about your money if you develop and follow a plan for investing. Ask yourself these questions and write down your responses: What are my top 3 financial goals? When do I hope to achieve those goals? How much money do I need to attain those goals?
Your choices should depend on:
Before you begin to invest, you should follow the five basic steps:
A – Ask Questions B- Beware of Investment Fraud C– Check with a registered financial advisor or broker