Savings and Investment
There is a misconception that there is no difference between saving and investing. Participants will learn the difference between the two. Also, participants will be made aware of investment opportunities available to them in Trinidad and Tobago as well as the laws, treaties and governing bodies that directly affect them, such as Deposit Insurance Corporation, Financial Institutions Act Foreign Account Tax Compliance Act, Central Bank of Trinidad and Tobago, Securities Exchange Commission and Anti Money Laundering frameworks.
Participants will also learn which funds are insured by the government and to what value. Additionally, they will learn about mutual funds since, all commercial banks carry mutual funds (which are indeed investment vehicles, and not saving accounts), how they work and the difference between and equity and a Fixed NAV fund.