Last week, I was invited by Security Bank to attend a talk on How To Pursue Your Passion Without Getting Broke. Since this is quite a timely subject for me to learn now (with my new and growing business Grace Home), I said yes to this opportunity as I wanted to learn more about ways to manage and invest my money.
There were a couple of speakers that afternoon. The first one was Ms. Ninotchika M. Sulit, the Vice President and Head of Sales and Marketing Trust Division of Security Bank. She explained to us what we needed to know about the basics of investing our hard-earned money, particularly in a UITF (or Unit Investment Trust Fund).
The afternoon talk became more interesting when two mommies (who are bloggers themselves) were invited to speak and share their own experiences as well. The audience was able to relate well to their stories as they spoke about the lessons they learned from their career paths and the insights they gained from handling their earnings early on and managing their different businesses along the way.
Last speaker of the afternoon was Mr. Martin Belgado, the Head of Security Bank’s Asset Management Group and he gave us the other essential information about investing our money in a trust fund.
After the talk, even though I learned a lot about handling my finances and investments in a better way, I knew I still needed to gain more knowledge and a better grasp on this whole numbers game — which as we all know can really be quite confusing, especially to a newbie entrepreneur like myself. I also wanted to share some useful info and tips with all of you here on the blog, since I know that most of you are like me, keen and eager to know more about where and how to invest our hard-earned money.
So this led me to decide to do this quick and impromptu interview (with my iphone as the camera, so pardon the not so good lighting) to talk to Ms. Notch Sulit again and ask her to explain the UITF to me in layman’s terms.
Here’s what came out of the interview :
And here’s a short summary and diagram to better explain the UITF concept to all of us “newbie investors” :
A UITF is a curated investment fund that is managed by experts to ensure high yield and quality returns. You can enjoy the profits of a diversified portfolio by purchasing units of participation in the fund. It’s the perfect investment option if you don’t have the time or knowledge for actual stock trading because it lets experts manage your investments through securities, bonds, equities, and other best-in-class instruments.
Learn more about Unit Investment Trust Funds by clicking the link here.