Step 1 Introduction – Subscription Shares

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The first step of the model is implemented by redeeming your gift certificate  for your Subscription Shares account from the Trinidad Building and Loan Association (TBLA). The dividends from these shares will ensure there is enough money for a smooth transition into University/Tertiary Education. The Government’s ‘GATE’ program only provides funding for tuition and excludes all other expenses (books, other resources etc…) which can amount to over $50,000 per year according to some researchers. Terms and Conditions also apply for a student wishing to access ‘GATE’ and this can prevent him/her from accessing Higher Education.


The Importance of Wealth Creation


While many parents are determined to give their children a helping hand, new research into university debt suggests they might be in for a shock when it comes to the true cost of a degree.

Students who started university last year could end up owing a colossal once living costs, books, and inflation are taken into account.

Parents may be hoping their children will make their own sacrifices and cost-savings, but the AIC study found that only 7 percent of students (in the U.S.) plan to work part time, and although nearly half (45 percent) of parents expect their children to live at home, only 18 percent of students say they are likely to do so.

Either way, parents who want to help fund their offspring through university are going to have to dig deeper than ever. But what are the best savings and investment options for those keen to ease the burden?

It’s always worth taking advantage of any tax-free benefits available.


“As with all savings goals, the earlier you start, the more likely you are to hit your target,” says Kate Moore of Family Investments. “Parents with young children who save little and often can build up a significant sum over 18 years. For example, $100.00 per month invested from the day your child is born could become $27,000 – the sum that is currently less than what they need to meet three years’ worth of tuition – by the time they turn 18.


If you have time on your side, history shows that equities perform better than cash. Small but regular investment in the stock market can build an impressive.

“Whilst it’s never going to be easy to build up the huge sums of money that a university education can now entail, a little forward planning could definitely remove a good deal of the burden,” says Annabel Brodie-Smith of the AIC.

“Investment companies can be a useful way to tap into the long-term potential of the stock market by investing in a range of companies on your behalf, and they cover a variety of sectors and risk profiles.”

Equity funds, as opposed to holding direct shares in one company, are one way to avoid putting all your eggs in one basket as these include shares from different companies. “Fund managers seek companies paying a healthy level of dividend income and their portfolios often consist of established companies with the ability to grow revenue and profits,” he said, adding that parents can elect to have their dividends reinvested, compounding returns until the time comes to actually pay university fees.




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